LotitBit claims to offer an innovative approach to lottery organization, centered on the use of bitcoins and litecoins. All rates and prizes stated in the site are in these cryptocurrencies. As mentioned in the site, more cryptocurrencies are expected to be supported in the future. Also, LotitBit provides winning chances of up to 15% higher compared to classic lottery 5 from 36.
This bitcoin and litecoin lottery site allows players to have control over the rates. Each new rate initiates the process of generating the new LotitBit number that plays all previously bought tickets, increasing your chances of winning. Moreover, each new rate also qualifies all of the tickets you bought for the jackpot. In short, purchased tickets are not usable only once, just like in classic lottery.
LotitBit says that it only takes 5% from the bets made. This 5% is used for the site’s operations and for paying other expenses, including the fees needed in sending the prizes to their respective winners. The rest of the bets collected are used to provide for the prizes and commissions.
There are two main games on LotitBit. These are actually the same lottery games, only different in the cryptocurrency used. The lottery games are presented on the homepage. There is a countdown as to when the next draws will be held. If you want to make a bet, just click on the Get BTC Ticket or Get LTC Ticket button, depending on which lottery you want to play. The jackpot amounts are shown on the game box.The games are similar to classic lottery wherein there are 6 numbers (not digits) involved. Each number is from 0 to 99. Obviously, your ticket numbers should be able to match the winning numbers so you can win. Bear in mind, though, that you will not be able to decide on the specific numbers that will appear on your ticket, since your ticket numbers are based on your transaction ID.
LotitBit uses bitcoins and litecoins. All transactions are on a wallet to wallet basis.
There is no need to make deposits on this bitcoin betting site. You just have to directly send your bitcoins to the wallet address indicated on the modal window that appears when you click on the green Get Ticket or Play Game buttons.
You get a certain number of tickets depending on the amount you send, as discussed in the earlier part of this LotitBit review. Your bet will be included in the lottery after the bitcoin or litecoin transaction (sending) you make gets 6 confirmations. This usually takes around 10 minutes.
If you win a prize, it will be quickly sent to the bitcoin or litecoin wallet address you used to pay for your ticket.
- Tickets can be used for more than one draw.
- Anonymous litecoin and bitcoin betting
- Provably fair bitcoin lottery
- You can’t decide on what numbers your tickets will have since the numbers are based on your transaction ID
- Complicated game mechanics are not that well-explained on the site.
- No bonuses and promotions