🎲Games of chance
Get rich or learn tryin'. Winner takes it all.
"The classic criticism of the lottery is that the people who play are the ones who can least afford to lose; that the lottery is a sink of money, draining wealth from those who most need it. Some lottery advocates, and even some commentors on Overcoming Bias, have tried to defend lottery-ticket buying as a rational purchase of fantasy—paying a dollar for a day’s worth of pleasant anticipation, imagining yourself as a millionaire.
But consider exactly what this implies. It would mean that you’re occupying your valuable brain with a fantasy whose real probability is nearly zero—a tiny line of likelihood which you, yourself, can do nothing to realize. The lottery balls will decide your future. The fantasy is of wealth that arrives without effort—without conscientiousness, learning, charisma, or even patience." - Eliezer Yudkowsky.
Although a sink for hope with the real probability of winning that is nearly zero, lotteries as noted above could be defended as a fantasy purchase that is worth only for the feeling of imagining yourself a millionaire.
Nonetheless, we think Raffles are more realistic as there is always a winner as opposed to lotteries which might not have any winner for each draw. Also, low odds Raffles are more entertaining and engaging within communities as the actual chance of winning is REAL.
Chances of winning the lottery
The Game: You select six numbers from 1-59. Six numbers are drawn plus a seventh "bonus ball". (Euromillions & US Powerball)
Here are the approximate chances of matching the drawn numbers:
• JACKPOT (matching all six numbers): 1 in 45 million
• FIVE + THE BONUS BALL: 1 in 7.5 million
Although the raffle prizes are smaller, it is always better to approach something achievable and have an actual chance of winning than dreaming of a multimillion-dollar prize with nearly 0 chances.
Provably fair games
All games are 100% verifiable through a provably fair algorithm that uses blockchain and cryptography to determine the winners.
Raffle
Duel
Coinflip
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