Bitcoin Lottery
Lottery games are the most commonly enjoyed form of gambling worldwide. Millions of people enjoy State, National and local lotteries every week. These games can now be played online, both for dollars and for virtual currencies like Bitcoin. This page takes you through the different options for playing Bitcoin lottery games.
First of all below, I have outlined some of the general options and sites which host these games – some of which are more trustworthy than others. After that you will find information for players who have not yet gambled with Bitcoin on how to get yourself set up and ready to bet. Finally, some of the advantages of Bitcoin Lottery games over their cash equivalents are looked at.
Types of Bitcoin Lottery Game Available Online
You’ll find a lot of sites offering lottery games for Bitcoin. Before you jump in and start playing them, a little caution is required. Many are no more than a holding page with some odds and a recipient Id for your Bitcoin. My view is that you need to check for trust signals, especially among the Bitcoin community on forums, before you go ahead and bet. That 5000 BTC jackpot might sound enticing – however you should make sure that the site is legitimate first – or you may never get to see your prize.
The live lottery games at Bitcoin casinos running the CoinGaming platforms are a far safer bet. These casinos have gaming licenses, and have track records of honouring their instant pay-out policies.
Another advantage of the live lottery games is that you can personally see that the games are fair. There are live TV programs streamed in the background of the games, to show you that you are watching a real live draw.
These games give you a huge range of bets. There are two main lotteries running, with a draw every few minutes. You’ll see a count down, and then an attractive hostess will run the draw. The main draws are 42 balls (7 drawn) and 36 Balls (5 drawn). The betting options are varied and range from individual numbers, through to the sum of numbers on different coloured balls, the number of different colours and so on. The biggest pay-out is 500-to-1 for guessing 3 of 36 balls, and 1800-to-1 for hitting 5 from 7 in the 42 ball draw.
There is a separate lottery game via the ‘Live Casino’ tab of BitCasino.io. This is a 49 ball game, with 1000-to-1 on offer for selecting 4 balls, as well as colours and sums bets. Again this is timed, and the game will be run by an attractive hostess.
How to get started with Bitcoin Lottery Games
When you break things down into the individual steps, getting started playing Bitcoin lottery games is not as complex as it seems for many players. The first step is to buy some Bitcoin. You do not need a whole one – as they can be purchased in units called mBTC, which is 1/1000th of a Bitcoin. To do this you’ll need a special wallet to keep them in. The wallet setup and purchase can be handled by several well-known global services the biggest are CoinBase and BTC-E.
Once you have your Bitcoin, you can sign-up for an account at a casino offering live lottery games. The best to use are those who offer these games with the extra security of a gaming license. Registering is quick and easy, and you will not need to disclose any personal information.
Next you hit the ‘Deposit’ button at the casino site. You’ll see a long string of letters and numbers, which is the receiver’s Id for your deposit. You go into your wallet, hit ‘Send Bitcoin’ and paste this Id into the recipient field. Hit send, and your money will be online, and you’ll be enjoying Bitcoin lottery games within minutes.
Advantages of Bitcoin Lottery Games
Bitcoin casinos have some huge advantages over those playing games for cash. The biggest one is that you can enjoy the games in complete privacy. With no personal details needed for registration, no back-up documents and no location checks – you can gamble online anonymously.
You’ll find that Bitcoin casinos are more committed to game fairness than regular outfits. Many include information with their dice and card games which mathematically minded players can use to prove that the deal was fair. Legitimate outfits like those based on the CoinGaming platform have TVs to show you that the lottery draws are truly live too. Make sure you stick with legitimate sites and check for issues on the Bitcoin community forums, and you’ll be able to play with complete peace of mind.
Finally, there are no transaction fees with Bitcoin deposits or withdrawals. This is a particularly significant factor for US based lottery fans, who often get hit with 5%+ in ‘fees’ for credit card transactions. These savings are often passed on by the casinos in the form of low house-edge games and generous reload bonuses.
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