YABTCL

YABTCL
It is a simple but easy to use Bitcoin lottery.
9.2 Total Score
Good

When writing this review it was our first time on YABTCL and overall it is very user friendly and seems very original. We particularly like the option to invest at YABTCL giving you the option to share 50% of the profits with the house.

Game Play
9.1
Customer Service
9.1
Game Odds
8.7
Anonymity
9.8
Trustworthiness
9.2
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YABTCL Overview

Yet Another Bitcoin Lottery YABTCL is the first provably fair Bitcoin Lottery that was launched in late 2013! It is a simple but easy to use Bitcoin lottery. YABTCL also offers the ability to invest in the house which is becoming more and more popular in the Bitcoin Gambling community!

The anonymity offered is very strong and YABTCL have a strong presence on the Bitcoin Talk Forum which is reassuring to any Bitcoin Gambler. Furthermore, they have a cold wallet which can be viewed to prove that they have funds to pay out your winnings, with the current balance sitting at just over 101 Bitcoins. Additionally, there is customer service if you require it (with PGP), and an affiliate program if you are interested.

YABTCL Bet limits, Withdrawals and Deposits

YATBCL imageThe minimum bet is currently 0.001 Bitcoins or one Lottery ticket and the maximum bet is 1000 Lottery tickets, with the payouts depending on the pool.The minimum withdraw is 0.00005430 Bitcoins.

Deposits essentially take 6 confirmations to work, however you can buy a lottery ticket as soon as you deposit your Bitcoins but the ticket will only be registered if 6 confirmations occur before the Lottery is drawn. Withdrawals are instant.

Summary Of The Lotteries At YABTCL

Lotteries are drawn every Tuesday, Thursday and Saturdays at 24:00 UTC. In every Lottery, 6 numbers in a total of 67 potential numbers will be drawn. For the technically interested in the provably fair odds – ever 1.5 hours before the time of the draw, a file is generated containing all the tickets that are in the draw with a time stamp and a SHA256 file hash with a Bitcoin transaction.

To Buy a Lottery ticket after you have deposited your Bitcoins, you will need to go to the tickets page and select the 6 numbers out of the possible 67 that you want to bet on. Here you can buy 1 ticket or up to 1000. If you do not want to individual pick your numbers you are able to enter a Bitcoin lottery Pool.  Then there is an odds page that will tell you what happens in the event of multiple winners getting the same number in the Lottery.

Screenshot of the latest Bitoin Lottery Draw at YABTCL

YABTCL Lottery Draw

Summary

When writing this review it was our first time on YABTCL and overall it is very user friendly and seems very original. We particularly like the option to invest at YABTCL giving you the option to share 50% of the profits with the house.

The site seems to take anonymity and provably fair gambling very seriously which is always a must for any Bitcoin Gambler. The site has been up since 2013, has a publicly viewable bank balance (Bitcoin Wallet) and we are currently unaware of any complaints or issues that players have had with YABTC. If you have any feedback about please let us know!

Scott
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