Author Topic: Ticket-based betting rule (To be updated)  (Read 2179 times)

0 Members and 1 Guest are viewing this topic.

Offline cdryan

  • Sr. Member
  • ****
  • Posts: 357
    • View Profile

Offline gamey

  • Hero Member
  • *****
  • Posts: 2253
    • View Profile

This is pretty cool.  You have even addressed the issue where the prizepool needs to be able to grow etc like chancecoin.  I really don't think there is another way.  Do not ever use the term share dilution for when a person wins.
I speak for myself and only myself.

Offline Musewhale

  • Hero Member
  • *****
  • Posts: 2881
  • 丑,实在是太丑了 !
    • View Profile
 +5% +5% +5%

看样子你的进展不错啊 :P :P :P
MUSE witness:mygoodfriend     vote for me

Offline HackFisher

  • Moderator
  • Hero Member
  • *****
  • Posts: 883
    • View Profile
1. one  random variable using block generated random number, R1
2. another random variable using ticket transaction hash rather than ticket generated lucky number. R2
3. ticket win condition:
Range = 100000000
(R1 % Range + R2 % Range ) % Range < Range/odds.

4. Payout accounting using chancecoin's approach

5. share dividends each block == house edge. (expect result in long term)

6 no need to care/log ticket sale, expected winners, etc...., each ticket is independent from others.

more to draft, this feature is now quite similar to the classic satoshi dice.
« Last Edit: August 02, 2014, 05:53:18 am by HackFisher »
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.