Quote from: puppies on April 24, 2014, 11:33:57 PM
Just make sure the wallet has an automatic random number generator so I can buy say 1000 tickets with one click.  Kinda like a quickpick.

Yes, that's the area of user experience and what I would like to support in CLI or user interface.

I honestly like the very low probability games with limited payouts for matching fewer numbers.  Something like match 3 of 6 win 5% of pot spread out amongst all 3 of 6 winners.  Match 4 of 6 win 10% of pot spread out over all 4 of 6 winners.  5 of 6 = 20% 6 of 6 =  60% with 5% destroyed as dividends.  This way it is still relatively easy to win smaller amounts, but the pot and the possible rewards will continue growing until someone hits the jackpot. 

Just make sure the wallet has an automatic random number generator so I can buy say 1000 tickets with one click.  Kinda like a quickpick.

Possibly look to model Keno.  Keno is very close to a lottery.  People can choose their own payouts by buying balls if i recall correctly.

The difference between keno and lotteries is keno relies on a pool of house money for jackpots.  Thats how payouts stay high even though the # of tickets bought may be relatively low.  This also adds the need for a house fund and thus investors.  It makes the whole thing a bit more attractive when people can put their PTS or what have you backing the DAC.

Quote from: HackFisher on March 25, 2014, 02:58:21 AM
Option 1: Simple x-from-y lotto
In a simple 6-from-49 lotto, a player chooses six numbers from 1 to 49 (no duplicates are allowed). If all six numbers on the player's ticket match those produced in the official drawing (regardless of the order in which the numbers are drawn), then the player is a jackpot winner. For such a lottery, the chance of being a jackpot winner is 1 in 13,983,816.

For this lottery, will you also have smaller prizes for matching 3/4/5 numbers?

Quote from: HackFisher on April 11, 2014, 09:45:34 AM
added one more option: the classic satoshi dice.

+5%

added one more option: the classic satoshi dice.

Quote from: HackFisher on March 26, 2014, 02:12:26 AM

Quote from: MrJeans on March 25, 2014, 09:04:58 PM
With the 'choosing numbers' and hope to get the right numbers to win approach, how will lottoshares gain their value.

I'm assuming you would need to send lottoshares to the DAC to give in your numbers. So the shares draw some utility value from there. But there is no incentive to own lots of shares.

If I own 100 lotto shares I wont want to spend the time submitting 100 lotto numbers. And if I win the lottery and get a million shares. What good are they? I'll just sell them unless I want to make a million submissions. Right? am I missing something here?

Bitshares Lotto is a profitable DAC, just like other DACs, There will be two demands for the lotto shares, to play the game and to own the game, which has been mentioned in Stan's News letter.

There would be dividends to lotto shares owners, and as TaPOS requires, you might need to own shares to be miners.
If you want stable ROI, you might want to act as owners, if you think you are very lucky today, it's good choice to try lotto tickets.  :)

Demand type #3:  To own future DACs in this franchise.  This is the Daddy-DAC of a proto-family!

Quote from: cgafeng on March 26, 2014, 02:22:21 AM
How about use bitusd,bitcny in Lotto and not release a new coin like bitLotto?

i guess it is not possible in the short term since there is a long long way for xt to go.


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How about use bitusd,bitcny in Lotto and not release a new coin like bitLotto?

Quote from: MrJeans on March 25, 2014, 09:04:58 PM
With the 'choosing numbers' and hope to get the right numbers to win approach, how will lottoshares gain their value.

I'm assuming you would need to send lottoshares to the DAC to give in your numbers. So the shares draw some utility value from there. But there is no incentive to own lots of shares.

If I own 100 lotto shares I wont want to spend the time submitting 100 lotto numbers. And if I win the lottery and get a million shares. What good are they? I'll just sell them unless I want to make a million submissions. Right? am I missing something here?

Bitshares Lotto is a profitable DAC, just like other DACs, There will be two demands for the lotto shares, to play the game and to own the game, which has been mentioned in Stan's News letter.

There would be dividends to lotto shares owners, and as TaPOS requires, you might need to own shares to be miners.
If you want stable ROI, you might want to act as owners, if you think you are very lucky today, it's good choice to try lotto tickets.  :)

With the 'choosing numbers' and hope to get the right numbers to win approach, how will lottoshares gain their value.

I'm assuming you would need to send lottoshares to the DAC to give in your numbers. So the shares draw some utility value from there. But there is no incentive to own lots of shares.

If I own 100 lotto shares I wont want to spend the time submitting 100 lotto numbers. And if I win the lottery and get a million shares. What good are they? I'll just sell them unless I want to make a million submissions. Right? am I missing something here?

Low winning chance is not funny.

I prefer opinion 1 but with less number , multiple selections , and high frequency . Just like 时时彩 in China. http://www.9188.com/ssc/  This may be more attractive.

Let me make it simple:

9 numbers: 0,1,2,3,4,5,6,7,8
Draw result: 0.1,4,8

My selection A: 1 from 9
My number: 2 LOSE

My selection B: 2 from 9 
My number: 0, 4 WIN!

My selection C: 3 from 9
My number:0,4,7 LOSE

My selection D: 4 from 9
My number: 0,1,4,8 WIN!

Both options just delay the payout, we need to spread it over many blocks. We are able to craft custom transaction validation rules anyway.
Just say that if an output is a "reward" output you can only spend up to N shares per block from it and the rest go into another reward output to the same person.

Quote from: toast on March 25, 2014, 03:10:49 PM
No matter what you do, make sure payouts happen over many blocks instead of all in one transaction! Otherwise you will have huge dumps.

OK... I agree, I prefer using "nLockTime" from Bitcoin protocal to lock/freeze the payment for several blocks.
Bitshares_toolkit's transaction seems to have a similar field "valid_until", not sure if it is the same with nLockTime.

http://bitcoin.stackexchange.com/questions/5783/transactions-with-a-wait-time-using-nlocktime

Quote from: toast on March 25, 2014, 03:10:49 PM
No matter what you do, make sure payouts happen over many blocks instead of all in one transaction! Otherwise you will have huge dumps.

Haha, it would create an interesting dynamic if payouts were always lump-sum: someone would win the lottery, dump their shares, the price would crash, and then everybody would have an opportunity to buy cheap shares. It would be like a great big distributed lottery win for everybody. :)