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Best Bitcoin Lotteries

Your Chance To Win Big BTC Prizes

Bitcoin Lottery

Throughout history, lotteries have been perhaps the most popular of all gambling games and have provided players with more incredibly large, life-changing fortunes than any other. As with the vast majority of games, the advent of Bitcoin has changed the face of lotteries for players around the world.

A decent, high-quality Bitcoin lottery has the potential to turn random, lucky players into enormous winners. This is one style of game that nobody would want to miss out on, after all, who doesn’t dream of hitting the big time and instantly withdrawing vast sums of cash?

There is no shortage to the number of ways that bettors can win small increments of Bitcoins online. Slot and bingo players tend to stick to sensible strategies which allow them to earn minimal funds on a regular basis and keep control of their bankroll. However, the latest trend of Bitcoin lotteries is a real game changer as they give gamblers the chance to win jackpots worth hundreds and thousands of BTC with very little effort or skill required.

With all of this in mind, it’s easy to see why lotteries are well on their way to being the next big thing in the world of Bitcoin betting. This style of game can be found at both independent, specific sites and in the games collection of Bitcoin casinos. Keep on reading to find out more details about this innovative new source of gaming entertainment and the best online venues to enjoy Bitcoin lotteries.

Benefits of Bitcoin Lotteries over Traditional Ones

Many avid gamblers might be wondering what the benefit is of playing lotteries with Bitcoin as opposed to traditional cash and fiat funds. Basically, there are many advantages to playing with this online currency that can greatly improve the lottery playing experience and make the whole thing even more exciting, fun and lucrative.

One of the main attractions of Bitcoin for gamblers is the anonymity that it brings. Exchanging personal and financial details over the internet is a downside to online gaming for many people and as there is no sensitive information attached to a Bitcoin wallet, there is no way for any outside party to know how many Bitcoins have been spent and on what. As a result, Bitcoin lottery players have no need to worry about their privacy or security.

All of this super tight security means that Bitcoin is a highly trusted banking method. Wherever a player is in the world they can withdraw the winning funds from their lottery game safely and as close to immediately as is possible. Unlike other methods of banking, these withdrawals come with very low or even zero transaction fees and no tax, owing to the absence of a governing body that regulates Bitcoin.

Pros

Low Stakes to Enter

Bitcoin lotteries are known to offer much lower stakes than traditional ones. On a majority of these sites, players get to control their own stakes. This is quite different from traditional sites where the stakes are fixed and normally pretty high.

It is a major advantage as it allows all players to get an opportunity to participate. Furthermore, it provides a safety harness if you are new to the site and want to test it out using small amounts at the onset.

Opportunity to Win Big 

One of the biggest weaknesses of traditional lotteries is the prize pool. In spite of the fact that some are quite high, they have limited ceilings. At the same time, most of them only give players around 50% of the prize pool. As such, its operators are in fact the biggest winners.

Admittedly, some amount may be dedicated to noble causes like charities. But this is usually an insignificant amount.

On the other hand, blockchain-based lotteries are often limitless. Additionally, they are usually transparent about the way the prize pool is allocated. In many cases, the participants get 100% of the reward money. These factors translate to opportunities for massive wins.

Can Be Played on the Go (Mobile-Friendly)

Traditional lottery operators have not managed to keep up with the times to the same extent as their blockchain counterparts. Most are still based on brick and mortar outlets. And the ones that operate online may not always give players mobile-friendly apps.

Blockchain-based operators are technology-oriented and are known to keep pace with developments. Given the fact that most gamers enjoy accessing their favorite platforms on the go, a majority of lottery services are optimized for mobile use. Some even have dedicated apps that users can download on their devices. This makes it easy to enjoy gaming on the go from the convenience of a handheld device.

Loads of Choices

Traditional lotteries are often restricted to specific countries. Oftentimes, participants can only buy tickets within their country of residence and at times, in the currency of that country. This limits the choices at players’ disposal.

There are plenty of options to choose from when it comes to Bitcoin lottery operators. They are not limited geographically or in any other way. As such, participants have a whole world of choices on a global scale to pick from.

Transparent

Among the biggest drawbacks of playing traditional lotteries is the lack of transparency. This is evident from the payout process where players only get a fraction of the prize pool. It is also reflected in the fact that the mechanisms and algorithms used for random number generation can be manipulated. Due to this information asymmetry, some jackpots are not paid out at all while others are not paid in full.

On the other hand, Bitcoin-based operators make use of blockchain technology to ensure transparency. Players have a chance to keep track of payouts thanks to the distributed ledger technology. As such, participants have a higher level of certainty that they will get their winnings as expected.

Fair

Crypto-based lotteries often make use of provably fair mechanisms that players can use to check whether the process is free and fair. Provable fairness provides insight about the integrity of the algorithms used and would reveal it if they are manipulated in any way.

Therefore, players can have confidence in these systems as they can test them for fairness rather than having to rely on third-party tests and audits.

Cons

Typically Unregulated

One of the biggest drawbacks of Bitcoin lotteries is the fact that most of its operators are not regulated. The cryptocurrency and blockchain industries operate in legal grey areas in most countries. Operators in the space are thus not as strictly regulated as their traditional counterparts.

While this means greater freedom for these providers, it poses a security issue for players. In case an operator fails to live up to their end of the deal, players have no legal recourse.

Potential to Lose as Big 

Playing at Bitcoin lotteries is still gambling, and players do not always win. In fact, the potential for losing is just as big as that of winning, if not greater.

Show More.

Top 10 Bitcoin Lotteries December, 2020

Bitcoin lotteries are taking the world by storm with prize pools reaching well into the millions. Use Bitcoin to buy your next lottery ticket today!

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Best Bitcoin Lotteries

With all of the benefits listed above and, of course, the huge prize amounts waiting to be won, many bettors might be keen to jump straight in and start playing at the first platform that catches their eye. However it is important to look around for a genuine site which offers a reputable lottery game. It is always a good idea to look through online reviews about a site before depositing funds. Here are some of the best publicly rated Bitcoin lotteries we could find online:

Consider some of the top Bitcoin lotteries in the market at present:

TrueFlip

Founded in 2016, TrueFlip offers an anonymous lottery based on a decentralized platform with open-source code. It is a regulated platform under the laws of Curacao eGaming, owned and operated by Blockchain Games. It runs a weekly lottery with tickets selling for 0.001 BTC. 

Every detail of this lottery is published on the blockchain, offering matchless transparency.  This includes the distribution framework for the prize pool. Another major highlight of the service is the fact that it offers instant payouts. 

For safety purposes, the jackpot funds are kept in cold storage in an escrow account. Access to it requires multi-signature escrow by three stakeholders of the community.

BetChain

Established in 2013, BetChain holds a license from Curacao eGaming and is owned and operated by Direx N.V. 

Among the major highlights of this casino is its variety when it comes to gaming options. And this extends to its lottery section. The website features 19+ lottery games at the time of this writing and the list is constantly growing.

It makes use of provably fair technology to provide a truly random gaming experience. You can play here using a variety of cryptocurrencies, as well as fiat money if you so desire.

Registration takes only 15 seconds at this site, and you could be on your way to winning big in the shortest time.

1xBit

One of the longest standing Bitcoin lottery platforms is 1xBit, founded in 2007. It is a cryptocurrency-only site licensed under the laws of Curacao eGaming.

Among its key highlights is the fact that it has a native app for use on Android and iOS. If you love gaming on the go, it might be the platform for you. Another reason for its popularity is the fact that it offers support for anonymous use. 

The site offers a daily lottery and the number of tickets available is unlimited. If your ticket does not win in the daily draw, it is included in a weekly draw and later in the monthly draw.

DuckDice

DuckDice was established in 2016 and holds a license from Curacao eGaming. Though it started quite small, as a casino with a single Bitcoin Dice game, it has with time expanded its offerings. One of the additions made to its offerings in 2019 is a weekly lottery.

The lottery jackpot is worth $100,000 and to win it, you need 5 matching numbers and a jackpot ball. Participants who get 3, 4 or 5 matching numbers also get a monetary reward. If there are two winners for the jackpot, the reward is split in half.

There is no limit to the number of tickets you can buy and you can choose the numbers manually or automatically using random number generation.

Everything on the site, including the lottery, works on provably fair technology. Players get to choose from a list of 12 supported cryptocurrencies.

22Bet

Founded in 2018, 22Bet is a creation of industry professionals and is owned and operated by TonyBet OU. It holds multiple licenses from regulators in the jurisdictions where it operates, including one from the reputed UK Gambling Commission and Curacao.

Though it does not make use of provably fair technology, its systems periodically undergo audits from independent third parties. The payout process is remarkably fast too.

For anyone who loves gaming on the go, you will appreciate the fact that there are native apps for Android and iOS. The site also supports multiple languages as well as plenty of cryptocurrency and fiat payment options.

 

Bitcoin Lottery

New Bitcoin Lotteries

With the recent surge in popularity of Bitcoin lotteries, it comes as no surprise that brand new lotteries are appearing on a regular basis, some options are more innovative and exciting than those that came before while others are not so impressive.

This phenomenal success has also influenced the release of some new Ethereum based lotteries. Ethereum is another blockchain technology, similar to Bitcoin but with several structural differences. This technology relies on the exchange and earning of a crypto token called Ether which can be used as a form of payment made by clients of the Ethereum platform.

KIBO is the first every Ethereum lottery and has been described as a revolutionary renovation to the game. This platform uses smart contracts to select winners and organise pay outs. The use of smart contracts is another technological restructuring of online lotteries and is something that we might expect to see more of in the Bitcoin lottery space. The architecture of smart contracts restricts the number of functions that a lottery game needs and eliminates the human factor by using code to control transactions.

Bitcoin lottery is a broad term and like a traditional lottery, it covers multiple variations. Essentially, these games operate on the same basic concept, with participants buying tickets in hopes that they will win a jackpot. Another common feature that characterizes these games is that players buy tickets and win prizes in Bitcoin. 

However, there are some differences in terms of odds and the types of games available.

Odds of Bitcoin Lottery

There are differences in the odds offered by different games and different providers under this category. To give you an idea of your chances of winning, consider the industry average in a 49 ball game where 6 numbers are drawn:

A 6-number match – 1:13,983,816

A 5-number match – 1:55,492

A 4-number match – 1:1,033

A 3-number match – 1:57

Types of Bitcoin Lottery Available

Though the end game is the same, there are some variations in the execution part of it as we will see in greater detail below. 

Let us take a close look at the main types of a Bitcoin lottery:

  • Based on Regular Lottery

In its early days, the Bitcoin lottery space featured games drawn from the traditional lottery space. For instance, one of the earliest arrivers on the scene, Lottoland, was known to get its numbers from traditional lottery games.

It did not draw its own winners, but rather, used numbers from providers such as Bonilotto (Spain). The idea behind this was to foster trust as this would eliminate impropriety from the selection process.

A major highlight of this model is that traditional lottery operators offer services under stringent regulations. A space that is highly regulated means better security for players. Another advantage is the opportunity for regular play, as these services often offer daily draws.

The potential for winning is also huge and such games are associated with massive prize pools due to their popularity. However, the main downside is that it is difficult to verify results.

Pros

  • Highly regulated – More regulation equates to better player security as well as massive prize pools. 
  • Daily draws – Players can get a chance to win every day through daily draws. 

Cons

  • Results can’t be verified – Players don’t have the ability to easily and quickly verify the lottery results. 
  • Balls Drawn Provably Fair

The second major variation of these games consists of lotteries that are backed by cryptography-guaranteed 100% fairness. These make use of provably fair technology, allowing players to verify the randomness of results.

Balls for this type of lottery are randomly drawn, a fact that can be verified at any time. It is also possible to verify the number of tickets sold, the person who won and other details. In order to make this possible, the mechanism creates a seed when the balls are drawn. Next, the platform gets a second random seed from the player. When the two seeds get hashed, the balls are generated. If you match a specified number of balls, you win a prize. 

Pros

  • Transparent – It is possible to confirm all the details of the gaming process as it offers full, blockchain-based transparency. You can check how much the casino paid out and to whom among other details.
  • 100% provably fair – Thanks to this technology, players have the opportunity to confirm the fairness and randomness of results.
  • No limit to size of jackpot – This type of jackpot typically operates using a pool system. This means there is no upper ceiling on the amount one can win.

Cons

  • Only experienced BTC players may understand how to verify – The provably fair mechanism has a steep learning curve and this may deter crypto newbies. 
  • Draw Takes Place through Third-Party Software Providers

Another possible option involves games where balls are drawn using software from third-party providers. These are providers like Net Ent and Evolution among others which are best known for their casino games. 

The best part about these providers is that they adhere to industry regulations as per full license requirements. Since they undergo regular audits, they have to make sure they meet the set standards.

They are known to offer fixed odds, rather than basing the prize money on the number of tickets that players buy. Instead of calculating the prize based on a percentage, the prize is calculated using a multiplier. This means players get the opportunity to set their own stakes.

Pros

  • More regulated due to the providers’ license – Software providers have to adhere to the strict terms set out in their licensing requirements.
  • Independently tested and audited – The games offered by these third-party services are regularly audited and are therefore likely to be fair. 
  • Players can choose stakes – Players get the chance to set their own stakes since the reward is calculated using a multiplier, rather than as a percentage of the ticket sales. 

Cons

  • BTC jackpot prizes tend to be smaller – The prizes here are typically smaller because they are calculated using a multiplier, not from ticket sales. 
  • Players can’t verify the results – Unlike provably fair systems, these have third-party auditors which means players cannot test fairness themselves. 

Bitcoin Lottery Games

Pro's and Con's

How To Play Bitcoin Lottery

Despite all of the modern advances in the game, the basic concept of a lottery remains the same and most of the age-old rules have been kept intact. Just like buying a tangible ticket from a store, Bitcoin lottery players purchase one or many online tickets from the site of their choosing and hope that they hold the winning combination of numbers.

The whole concept of a lottery relies on it being totally random, which makes it a game of luck rather than skill. However, there are a few strategic techniques that can be used to give smart Bitcoin bettors a slight edge over their fellow players. These include purchasing many tickets, finding the ideal Bitcoin lottery platform and picking a good mix of numbers ranging from low to high. It is also beneficial to join online lottery forums to get updates and tips about the different available games and read suggestions from seasoned expert players.

Getting started with Bitcoin lotteries is pretty simple. Here is what you need to do:

Step 1: Purchase a Ticket

Step 2: Select a suitable Bitcoin lottery site and sign up then purchase a ticket. 

Step 3: Next, you need to choose 6 numbers between 1 and 49. You can either do this manually or use the Quickpick option that automates the process.

Step 4: The winning numbers are drawn randomly. 

Step 5: The amount you win will depend on the number of matching digits you get. Based on the type of lottery you play, this could be a percentage of the prize pool or based on a multiplier. 

That’s it! All you have to do at this point is to withdraw your winnings! 

Playing Bitcoin Lottery

Bitcoin Lottery
Closing Thoughts

Unlike casino games, lotteries offer an opportunity to win without requiring any skills whatsoever. It is easy to understand why they have always been popular. Now, with the inception of Bitcoin-based alternatives to the traditional options, it is even more alluring.

You can now play with complete peace of mind, not fearing about losing your winnings to rogue operators. You can also play from any part of the world and enjoy the opportunity for massive wins. Getting your payout instantly is the icing on the cake.

If you haven’t joined the bandwagon yet, you could be missing out on the opportunity of a lifetime.

Published by Nick Hawke

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About the author

Nick is the CEO and founder of The Bitcoin Strip and has reviewed and written about Bitcoin casinos, sportsbooks and poker rooms for 9 years. He first entered the Bitcoin gambling market in 2011 following a widespread closure of poker rooms in the US.

Last updated by Jen Van Lier on July 30, 2020

Jen Van Lier

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.
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