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Anyone entering the bitcoin lottery?

  • 18-12-2017 12:14pm
    Registered Users Posts: 7,500 ✭✭✭ Sabre0001

    Lottoland has launched a bitcoin lottery...although only two of the prizes post out in BTC.
    Prize Tier Odds Prize Payout EUR (subject to fluctuations)
    Match 6 numbers 1 in 13,983,816 1000 BTC 14,266,000 EUR
    Match 5 numbers 1 in 55,492 1 BTC 14,266 EUR
    Match 4 numbers 1 in 1,033 50 EUR
    Match 3 numbers 1 in 56.7 5 EUR
    Match 2 numbers 1 in 7.6 1.50 EUR
    Exchange rates correct as of 14th December 2017

    Will I have to share my winnings?
    The tier 1 prize (the 1000 BTC jackpot) will be shared equally between any-and-all bets that match the 6 numbers and the number of Bonoloto jackpot winners.
    For example, if there are 2 Lottoland winners of the Bitcoin lotto and 2 winners of the Bonoloto jackpot, the 2 Lottoland winners would each win 250 BTC.
    Winning bets from lower prize tiers do not share the corresponding prize amount; they will each win the prize payout in full.

    Not much different to the regular lottery really. And you may be better served by saving up that 3.50 a week and dripping it slowly into bitcoin yourself...



  • Registered Users Posts: 2,903 ✭✭✭ Blacktie.

    1 in 14 million chance of winning and this "8. Lottoland reserves the right to amend or withdraw this product at any point for whatever reason. " in their terms and conditions. No thanks.

  • Registered Users Posts: 6,026 ✭✭✭ grindle

    Good idea, but the €3.50 is per line - seems to be €21 minimum spend?

    That seems like a price you'd set hoping to get the already crypto-rich involved rather than trying to get normies on the train.

  • Registered Users Posts: 5,418 ✭✭✭ Wheety

    Bonoloto? :rolleyes: