How to Play A Bitcoin Lottery
Nick Hawke
Nick Hawke
January 22 2019

How to Play A Bitcoin Lottery

Bitcoin is the currency of the future, and the hope of winning a mass of Bitcoin is at the forefront of all gamblers minds. It is a promise of a brighter future. The Bitcoin lottery industry is growing at a rapid rate with new Bitcoin Lotteries coming onto the gambling scene on almost a daily basis.

While essentially a Bitcoin lottery is no different to those powered by fiat currency the allure of the cryptocurrency based game offers the excitement of the infinite possibility of Bitcoins growth and value.  This makes the gambling experience heightened as opposed to playing with fiat currency.

Bitcoin lotteries have the potential of showering massive wins that can far exceed anything that standard lotteries can offer.

Further to the potential of massive Bitcoin payouts, these blockchain-based games offer transparency, where gamblers can check results and draws to ensure they are legitimate.  Players are also ensured of anonymity at all times.

How to Play Bitcoin Lottery

The allure of winning a stash of Bitcoins without much effort is what makes Bitcoin Lotteries so attractive.  The first step to hitting the big time is to research Bitcoin Lotteries in order to find the ones with the biggest jackpot. Once that has been decided it is best to buy multiple tickets to spread the chances of winning some or all of the jackpot on offer.  Some gamblers like to choose specific numbers themselves, while others choose random selection processes.

lottery ticket example

Once you have chosen the lucky numbers that will transform your future, players can select the number of times they want to participate in the draw of the particular lottery.  This means the numbers chosen will be used for as many consecutive draws as chosen.  Players can add other tickets to this with a different set of numbers to further increase the odds of winning.

Each lottery holds their draws at different times of the day and often you can choose to be paid out in Bitcoin or cash based on the value of Bitcoin at the time of the draw.

It is always advisable to check out lottery reviews to ensure that they are legitimate and that they can be trusted with your money and guaranteed to pay out on winning.

Another aspect to check out when choosing a lottery to play is to look at what, if any, promotions are on offer and also the efficiency of deposits and withdrawals and whether they are timeous. These lottery bonuses include:

We are currently working on including some free ticket bonuses for our lottery players.

Beyond Bitcoin, the use of Ethereum Lotteries offers an even more secure lottery experience as Smart Contracts by nature cut out the need for a middleman.  This makes for a faster, more efficient and secure betting environment. There are already dozens of Ethereum casinos to choose from although this list does not yet contain any lotteries.

Beginner Questions

What are the odds of winning a Bitcoin lottery?

Every lottery has its own set of odds that they offer.  Each site will publish their odds to lure gamblers to their particular lottery. There are odds bandied about that range from 1 in 7, to 1 in 13 983 816 chance of winning the big payout.  Whatever the odds, with the massive growth of Bitcoin, the opportunity to win is just one draw away.

Can I improve my odds of winning?

While the odds of the lottery site are set, the way to improve your personal odds to take the jackpot is to buy as many tickets as your gambling budget will allow. Choose a wide variety of number combinations and use a few automated randomly selected number combinations as well to further increase the opportunity for winning.

What is a Provably Fair Lottery

Lotteries that were traditionally played using fiat currency could easily be manipulated without players knowing or being able to check results. Blockchain information is stored on an open ledger which means that any player at any time can check whether a draw has been randomly generated which is what makes Bitcoin gambling in general Provably Fair. Provably Fair lottery sites provide the means for players to check each draw for fairness at any given moment.

Which lotteries have the biggest payouts?

Generally, all the Bitcoin lottery sites are lucrative and easy to play.  Some offer better odds than others and have larger jackpots.  Some of our favorites include Fortune Jack, BitcoinPenguin, Bitplay.club, Bitcasino.io, and CryptoGames to name a few.  These sites offer excellent jackpot payouts and are probably the best place to start.

Want the best bonuses?

We send the best bonuses and promotions, exclusive to TheBitcoinStrip members. Leave any time.

over 18 only visit begambleaware.org