CROWD - The crowd lottery principles
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1. CROWD!The crowd lottery principles Jasper Versteege 2. The lottery concept of the 21st century Technology reduces overhead costs, connects the world and makes it possible to challenge the status quo in traditional markets. The power of crowds can be used to democratize the current lottery systems. Together we can create better chances for everyone. 3. INTRO 01 Pages 4-6 A Brief History... 3 Simple Principles Pages 7-13 Three guiding principles Costs are seperated from the stakes All stakes are paid out An improvement on all levels Time for change + + + + + TABLE OF CONTENTS 4. A BRIEF HISTORY... They built wonders of the world The first recorded signs of a lottery are keno slips from the Chinese Han Dynasty between 205 and 187 B.C. A spurious legend has it that the invention of the game saved an ancient city in time of war, and its widespread popularity helped raise funds to build the Great Wall of China. Lotteries are as old as we are The lottery is one of the oldest games in the world. They even refer to it in the Old Testament more than once, for example; ...and the lot puts even contentions to rest, and it separates even the mighty from one another (Proverbs, XVIII, 18). They are a fair tool Ancient Athens is one of the first known democracies and they used lotteries (via a kleroterion, seen on the right) to select citizens for most state offices and court juries as it was regarded as fairer and less subject to corruption. 4000 B.C. 550 B.C. 200 B.C. WTA Gaming Ltd. 2014 4 5. They aided the poor The first lotteries with monetary prizes were held in the Low Countries in the 15th century to raise money to aid the poor and fund fortifications of the towns. In fact, the English word lottery is derived from the Dutch word loterij which stems from the Dutch noun lot meaning "fate". They have been running for a long time The Dutch state-owned Staatsloterij is the oldest running lottery in the world. They funded revolutions The world famous universities Princeton and Columbia were funded by lotteries and at the outset of the Revolutionary War, the Continental Congress used lotteries to raise money to support the Colonial Army. We might say the United States of America are not only founded by its fathers, but also funded by its lotteries. WTA Gaming Ltd. 2014 5 1445 A.D. 1726 A.D. 1740 A.D. 6. THE PRESENT Nowadays lotteries have grown into large corporations which come up with complicated prize schemes that result in ridiculous jackpots but actually diminish someones chance to win. And large parts of their income go straight into immense marketing budgets aimed at maximizing the amount of money people spend on lotteries. Time for change. WTA Gaming Ltd. 2014 6 7. 3 SIMPLE PRINCIPLES 8. THREE GUIDING PRINCIPLES Every player counts as one Costs are separated from the stakes All stakes are paid out Crowd lotteries have a very simple structure and differ from traditional lotteries in one big way: they are focused on transparency. A crowd lottery is meant to be transparent. WTA Gaming Ltd. 2014 8 9. EVERY PLAYER COUNTS AS ONE WTA Gaming Ltd. 2014 9 This means that both the odds and the prize money depend on the number of players, the size of the crowd (hence its name). This structure will create an equal chance for everyone. On top of that it limits gambling (as long as the draw frequency is kept low). Transparency and equality. CrowdLottery.com is the worlds first crowd lottery and uses the certified Random Number Generator ISAAC to randomly select the Lucky Ones. There is still a challenge and small reward associated with breaking ISAAC. The goal is that everyone involved knows exactly whats going on. This principle determines the structure of the lottery; players cannot buy more than one ticket per draw. 10. COSTS ARE SEPERATED FROM THE STAKES WTA Gaming Ltd. 2014 10 This way the player will always be the one who reaps the benefits of competition. This principle adds a layer of transparency. It makes sure all overhead costs are clearly communicated by the operator so players know exactly what they are paying for and which part of their money goes to whom. Seperating and showing the costs forces crowd lotery operators to compete on the level of operational costs. In the end the player will always be the one who reaps the benefits of competition. Benefits of competition. STAKES Prize Money Fee Operational Costs 11. ALL STAKES ARE PAID OUT WTA Gaming Ltd. 2014 11 Lotteries should be about realizing peoples hopes and dreams, not about maximizing the companys profit. This principle removes the house from the game, and guarantees payouts and winners. This means players' funds should be kept separate from the business funds, which will eliminate risks for both the company, and the players. Since all the stakes are paid out operators will be forced to come up with innovative prize structures that give the player what he/she wants. Operators will need to focus on maximizing the odds, and minimizing the costs. Realizing hopes and dreams. 12. Lower costs Limiting the number of tickets people can buy per draw limits the amount of money people can spend on crowd lotteries. AN IMPROVEMENT ON ALL LEVELS The simplicity of the crowd lottery underlines the unnecessary complexity of other lotteries. Simplicity gives the crowd a better chance, a higher payout percentage, and it lowers their costs. An improvement on all levels. 100% Higher payouts Seperating the operating costs from the stakes improves transparency and dramatically increases the payout ratio. Better odds Odds increase significantly thanks to the direct link between the size of the crowd (no. of players) and the prize money. WTA Gaming Ltd. 2014 12Visit crowdlottery.com for more info. 13. TIME FOR CHANGE WTA Gaming Ltd. 2014 13 The crowd lottery concept is an improvement on all levels: it truly is the lottery of the 21st century. However, it is a new concept that only works when the volumes are big enough to profit from economies of scale. The only thing a crowd lottery needs is a crowd. Thanks to the internet and social media it is possible to target a global crowd and connect with people from all over the world. Together we can spread happiness and create better chances for everyone in a social and transparent way. This is the moment. WTA Gaming Ltd. 2014 13 14. TIME TO THINK GLOBAL CrowdLottery.com already reached players in more than 50 countries. WTA Gaming Ltd. 2014 14 15. SPREAD THE WORD Together we can unite the world in one game while spreading happiness and creating better chances for everyone in a social & transparent way. Join the crowd and become an Ambassador of Happiness! WTA Gaming Ltd. 2014 15 16. About the author Jasper Versteege is a philosopher and entrepreneur who believes everybody deserves a fair chance in life. As a global citizen living in a connected world he sees fresh opportunities to restructure the world in fair and transparent ways. He is the founder of the worlds first crowdlottery; CrowdLottery.com. By developing the crowd lottery he hopes to fulfill his lifelong dream to become a philanthropist and make a difference in the world. Historically lotteries have always been a means to achieve philantropic goals. Launching CrowdLottery.com thus feels like a natural place to start challenging the status quo. We are all Ambassadors of Happiness. 17. CrowdLottery.com is the worlds first crowdlottery. Our mission is to unite the world in one game while spreading happiness and creating better chances for everyone in a social & transparent way. We believe that together we can have a positive impact on this world by leveraging the power of the crowd. Leveraging the power of the crowd works best if you manage to keep efforts at a minimum and rewards at a maximum. Thanks to internet and low ticket prices our players can effortlessly participate in a rewarding lottery that not only makes it winners happy but also collects money for the greater good. Join the crowd on crowdlottery.com We are all Ambassadors of Happiness. 18. LETS SHARE HAPPINESS.