Bitcoin Lottery: The Best Bitcoin Lotto Sites
If you have never experienced the excitement that comes when waiting for the lotto numbers to be drawn, now is the time. We analyzed and reviewed different brands to help you with choosing the best Bitcoin lottery site, and collected everything you should now about this simple, yet exciting game.
Sometimes you can even get a chance for a free Bitcoin lottery ticket, so it can be a great way to start your adventure! If you don’t want to be bothered with strategies and wish for a game you can play regularly for smaller amounts of money, lotto could be a perfect fit for you.
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Best Bitcoin Lottery Sites
What Is a Bitcoin Lottery?
No matter where you live, you probably heard of or even played, a national lottery game. Bitcoin lotto is quite similar to it. Although some game variations do exist, you basically need to buy a ticket and guess the numbers that will be drawn. Just like the real-world one, but this is paid in BTC. Once the game starts, you can’t change the numbers since your ticket and the matching numbers get registered.
The numbers are randomly drawn and in most games, you need to guess at least three numbers to get any winnings. If you hit all six numbers – congratulations, the jackpot is yours.
Matching all six numbers when talking about odds is 1:13,983.816 in the industry average (49 ball game with six numbers selected), but until you try, you don’t know your luck. You can also get 5-, 4- or 3-number winnings to help you with some profit while you’re going after that jackpot. And that’s not bad at all!
The first Bitcoin lottery game that was available on the market was the Lotto Land. The numbers in this game were pulled from real-world lottery games such as EuroMillions, US PowerBall and Mega Millions. This still exists as a variation of the game, but we’ll get to it later in the text. The first thing we’re going to explain is how to play.
How to Play the Bitcoin Lottery in India?
Now when we know the basics of the game, it’s time to go through a step-by-step guide on how to play the Bitcoin lottery in India.
- Step #1: Find the best Bitcoin lottery site: This is actually the most important step. When you have a good Bitcoin game provider, you can be safe and play without worries. There are some specialized platforms whose expertise is exclusively BTC lottery. On the other hand, you can opt for a full Bitcoin casino which also offers more traditional games like roulette, blackjack, live casino games, and slots.
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- Step #2: Open an account: If you don’t register and open your account, you will not be able to play or withdraw your winnings. The process is pretty simple and similar in all operators. Click the register button and select your preferred way of signing up. Read and agree to the Terms and conditions and just follow the instructions on the website.
Some sites will ask for a few more information until you’re able to play and some will let you play immediately, but you will have to put in your details when depositing the funds. Which is the next step you should do.
- Step #3: Depositing the funds: To play any game and get a chance to make some profit, you’ll have to deposit the funds first. Search for the button ‘My finances’ in your casino profile and select the payment method. If you’re a crypto player, after you select the BTC, you’ll get your Bitcoin deposit address. Be sure to keep it safe. Go to your external wallet and paste the address to credit your account.
- Step #4: Buying the lottery ticket: After you transfer the money, you can start buying the tickets, whose price depends on the Bitcoin worth at the given moment. You should have the option of deciding if you want to choose the numbers on the ticket or you want them to be generated automatically.
- Step #5: Collect your winnings: If the Bitcoin lotto results match your ticket, it’s time to withdraw your winnings! Most operators request that you also withdraw your funds as crypto. Just go to the finance section again, enter the amount you want to cash out, and enter your wallet’s address. In most cases, it doesn’t take longer than 10 minutes for your funds to be visible in your crypto wallet.
Play Various Types of Bitcoin Lotto Games
As we mentioned in the beginning, there are some variations of this game, and it mainly concerns the way the numbers are drawn. Let’s take a closer look.
Based on a regular lottery
Just as in the Lotto Land, in this game variation the numbers drawn are taken from the traditional lottery game. And since it can be played on a weekly, even daily basis, the players can try their luck more often. The prizes are usually quite large, but although the national lottery games are well-regulated, there’s no way to independently verify if the numbers are really randomly generated. Which brings us to...
Balls are drawn via Provably Fair
Thanks to the Satoshi Dice - a Bitcoin dice game from 2013, the Provably Fair was created. It’s a technology based on cryptography that enables the player to verify if the balls were drawn fairly. It’s 100 % guaranteed for fairness and highly transparent. The downside is that you need to understand how Provably Fair works so you can check the authenticity of the game.
Balls are drawn via third-party software providers
This variant of the game comes with fixed odds, and the prize is calculated using a multiplier. It can seem more similar to the keno than the regular lottery. The great thing about those providers is that they are independently tested and audited, and have to meet certain standards to obtain their license. On the other hand, BTC jackpots are mostly smaller because they are calculated using a multiplier and players can’t verify the results themselves.
How Do We Review the Best Bitcoin Lottery Sites?
There’s a number of sites that offer Bitcoin lottery games. But how to select the best one? We’re going to share with you the key points you should look for, which will hopefully help you get started the right way.
Game variants
We explained different types of lottery games in the text above, so we’re always on the lookout for an operator that can offer different game variants. That way, you can always choose if you want to bet on the ‘traditional’ lottery numbers, provably fair ones, or trust your luck to a third-party software provider.
License and safety
Every online casino should have a license. It can be found in the footer of the website and it means that it is under the supervision of a regulatory body, such as the Malta Gaming Authority, UK Gambling Commission, or Curacao eGaming. The other thing is to ensure that the page has SSL encryption, so you can be sure that your data is stored safely. You can confirm that by checking if the URL has https at the beginning or a ‘lock’ symbol.
Customer support
Sometimes things don’t go as planned, so customer support is an important feature of every brand. Most casinos have FAQ pages, but you can always find yourself in a situation that has not been explained in the FAQs. Professional and quick customer support available 24/7 available is a gem when it comes to online gambling.
Pros and Cons of Playing an Online Bitcoin Lottery Game
Like everything in life, the BTC lottery also has its pros and cons. Before playing any game, you should always consider the benefits, but also, what’s not that good in the specific game. After all, you’re investing the real money.
PROS
- The prizes can get huge
- Available 24/7 so you can play it whenever it suits you.
- You can play with small amounts since the price of the ticket is not that high.
- The majority of the providers also support the mobile version of the game.
- Provably Fair technology enables the player to verify the drawn balls themselves
CONS
As in every gambling game, you should be aware that you can lose money.
- A very large number of BTC lottery providers are unregulated, so you should do some research and find the genuine ones.
- If you opt for the third-party providers or balls drawn from the ‘traditional’ lottery, you can’t be 100 % sure that the numbers were selected randomly.
Although there are many advantages, always read the small print on your ticket to ensure you got everything correctly. But if you register at the right provider, everything should go smoothly.
Frequently asked questions
Can I choose my own numbers on the lottery ticket?
Mostly yes. Some sites don’t offer this feature, but you’ll mostly be able to decide if you want to pick your own numbers or you want them to be generated by the software.
How much can I win when playing the BTC lottery?
There’s no correct answer to this question. In most games, you can win some money if you match even three, four, or five numbers on the ticket. But the prize pool depends on the number of the sold tickets, or what fixed odds a provider offers. But, the prizes are always available on the website of the brand and you can check them when buying a ticket.
Is it possible to play this game for free?
Sometimes you can get a special offer where you can get two tickets for the price of one, so your chances of winning double without spending more money. But these occasions are rare. The best chance for you to get these offers is to sign up for a newsletter of lottery providers and take advantage of it.
What’s the cost of one ticket?
The cost of the ticket can vary, but you can get one for less than ₹70 worth of BTC
Conclusion
If you’re looking for an easy, straightforward game that can make your worries about money go away, the best Bitcoin lottery sites are the way to go. The concept of lotto is based on randomness, so you don’t need any prior experience or specific skills to play it. Put your lucky numbers in use and take a pick on what type of game suits you the best. You don’t want to miss a chance to become a jackpot winner, do you?
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