LuckyBytes returns, the provably fair lottery played from inside the Obyte wallet Paul Murray Follow Feb 3 · 3 min read

LuckyBytes, the provably fair lottery you can play from inside your Obyte wallet has returned, and this time with more languages. English, Chinese, Japanese, German, Russian are all now available.

Select your language inside the bot, which you can add from the Obyte wallet Bot Store.

LuckyBytes vs government lotteries

How does LuckyBytes compare to the wildly popular government run lotteries? With government lotteries the odds can be awful and the payout % low e.g. the U.K. government lottery only pays 53% of revenue as prizes. Other major lotteries also only have prize pools of around 50%, for example Powerball which is one of the biggest lotteries in the USA only pays around half of revenue has prizes.

With LuckyBytes 99–97% of the pot is paid out in prizes, with only 1–3% of ticket sales used to fund running costs. Players receive a discount on the ticket price when they buy more. For example, if you buy 1 ticket for 10.3 Megabytes (~ $0.26) then 97% is paid out in prize money. If you buy 100 tickets for 1010 Megabytes (~ $25) then 99% is paid out in prize money.

Fun statistics

Lotteries are estimated to make up around 29% of global gambling revenues, second only to casinos at 32%. Worldwide gambling revenues are around $USD 110 billion, but the gambling category only ranks 6th. Can you guess what’s number 1 without looking at the chart below?

Note: the data source is from 2009, but it’s unlikely alcohol has lost such a big lead in only a decade.

LuckyBytes is provably fair

Unlike government lotteries and scratch cards, anyone can verify the legitimacy of the draws. Each draw has a draw hash which can be seen before each draw is played. The draw hash means you can later verify that the draw didn’t change the outcome. After the draw you can see the proof hash. With the proof hash you can recalculate the draw hash, and the outcome (winning slot number). LuckyBytes makes this easy to do so in wallet, just go to menu/draw history the click the name of the draw which will generate a webpage like this. The library used is open source, see the technical details.

You might think a provably fair lottery isn’t important, after all, you can trust the government ones, right? Do your own research. Due to the huge amounts of money at stake, lottery fraud happens. The Swindled podcast has an excellent episode about a recent case in the United States.

Automatically join new games

Autoplay is a useful feature that lets you automatically join new draws when they become available. The video below shows how to add LuckyBytes to your Obyte wallet and enable the autoplay feature.

How to add LuckyBytes to your Obyte wallet and enable the autoplay feature

Tickets only cost around 10 Megabytes each, that's around $0.26. Turn on Autoplay and start Luckybyting today. Good luck!