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.
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.
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!
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:
FreeBitBox hosts a high quality Bitcoin lottery with a gameplay set-up that mirrors classic lotteries. The site stands out for offering free Bitcoins from a Satoshi faucet every day and allowing players to purchase as many tickets as they like for the high lottery jackpots.
Another popular option is FreeBitco.in. This generous weekly lottery allows participants to win over two Bitcoins for as little as three Satoshi per ticket. In addition to this, FreeBitco.in offers up hourly opportunities for registered members to win a quarter of a Bitcoin for free. The BTC Multiplier feature of this website can be used to double or even treble the jackpot winnings.
CloudBet is fast becoming a preferred option for many Bitcoin lottery players, thanks to the sheer size of its jackpots. The ‘Pick 6’ game at this site adds a refreshing twist to standard lottery games and provides a seemingly endless, unique stream of ways for lottery fans to play and win on options such as colors, sums and numbers.
Finally, in the Live Lotto section at Bitcasino, lotteries are streamed live every five minutes on a daily basis. The regularity of these fast-paced, action-packed games makes the venue a huge hit with bettors from all around the world.
These are just a few of the many highly recommended platforms where gamblers can enjoy playing lottery games using this anonymous, cheat-proof crypto-currency. Each player’s preferences will differ so it is essential to shop around and check out as many in-depth reviews as possible before settling on a specific site.
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.
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.