Frequently Asked Questions
Playing at Btcbetting
About Btcbetting
How do I play?
Playing is very simple. All you have to do is send any amount in multiples of 0.01 BTC to the address listed on the site.
The minimum bet is 0.01 BTC, this equals one ticket. If the amount sent is enough for one play, but not for a second (for example, 0.015 BTC), the difference will be refunded automatically (0.005 BTC).Pick the 4 numbers you want to play from 00 to 99. The order of the numbers doesn't matter.
How do I choose the numbers?
The numbers may be selected by the user or randomly generated by the system. To choose the numbers, you have to send the numbers you want to select, written as decimals in the transaction. For example, if you want to play 10, 20, 40 and 50, send 0.10204050 BTC.
As soon as your transaction is confirmed in a block, you will be refunded the difference between the price of the ticket and the amount sent. In the above example, if 0.10204050 BTC are sent, 0.00204050 BTC will be refunded, which is equivalent to the amount sent minus the cost of the ticket.
About Btcbetting
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How are the pools formed?
The pool is formed by all the losing tickets. A play is generated and all the losing tickets become part of the pool for the next draw, after deducting the 10% house fees. These funds are divided proportionally among the prize for 2 matches, 3 matches and 4 matches: 40% for two, 30% for 3 and 20% for 4.
To ensure that the pools are never empty, there is a pool retention fund of 50%. Therefore, if the pool is 1,000 BTC, for example, the winner will get 500 BTC and 500 BTC will remain in the pool for the next draw to make sure that there is always money in the pool even if there are recent winners.