Bitcoin lottery is a classic game among all bettors. It supplies players with a game that is comprised of simple mechanics and offers substantial amount of returns. Yet Another Bitcoin Lottery or YABTCL as it is commonly known is one of the many Bitcoin lottery sites extending the lucrative rewards of digital currency gaming.
YABTCL prides itself on having the most complete provably fair system in today’s lottery market, taking away all doubts of illegitimate and tampered draws. Just recently, in accordance to its second year of consistent operations, a new feature complementing its house edge was introduced.
Edging bettors closer
House edge refers to the mathematical advantage a Bitcoin casino has over all bettors. This variable will differ from one gambling provider to another. It is one of the key components and a deciding factor for most participants of online casinos because it determines their chances of winning.
The new implementation focuses its functions on an unprecedented variable house edge feature, which reduces the advantage of the Bitcoin games over the players as compared to a standard flat house edge, where all players are left with only one option. Surely, a versatile structure like this will draw in further bettors. Moreover, upon meeting a few conditions, a range of zero to one-percent house edge can be chosen for every game played. All players will start from a one-percent house edge, and the minimum house edge that a bettor can reach is 0.1 percent.
This is how the variable house edge system works for instant lottery:
If all bets total more than 10 BTC, the house edge is lowered by 0.1%
If all bets total more than 30 BTC, the house edge is lowered by 0.2%
If all bets total more than 50 BTC, the house edge is lowered by 0.3%
If all bets total more than 70 BTC, the house edge is lowered by 0.4%
If all bets total more than 100 BTC, the house edge is lowered by 0.5%
Furthermore, winning is not the only way to reduce a bettor’s house edge. Accumulation of losses is a factor to lower the house edge, as well as placing in the top 100 of YABTCL’s score system. Clearly, YABTCL values every customer by offering a more-than-fair structure like this.
This brand new attribute appends to the flexibility of the lottery game, allowing bettors to choose a number they find favorable. In addition, YABTCL continues to employ multi-level referral systems and Bitcoin’s blockchain system, which proves its limitless application possibilities for online gaming.
Online Bitcoin lotteries do not usually offer profitable measures for bettors, which is why features such as provable fairness and variable house edge improve the online gaming industry. Hopefully, new and existing Bitcoin online casinos follow these initiations displayed by YABTCL for a friendlier platform that caters to all online bettors.