Frequently Asked Questions

How to play?

Place a bet. Watch the multiplier increase from 1x upwards! Cash out any time to get your bet multiplied by that multiplier. But be careful because the game can bust at any time, and you'll get nothing!

What is a lito?

A lito is a millionth of a Litecoin. At the time of this writing. You are able to deposit and withdraw Litos at any time by going to your account page.

How can I get free Litos?

Our faucet will be available from time to time.Please understand that every faucet abuser will be banned from our website.

Deposits

How do I deposit Litos?

You will need to transfer Litecoins to the deposit address on your account page. If you do not have any Litecoins, we can recommend Coinbase if you are in the US (although the registration process is lengthy).

How long is the deposit address valid?

It is permanently attached to your account. You can save it, or use it for automatic funding, or whatever else you like. All payments to this address will be automatically credited to your account.

How long do deposits take to be credited?

We instantly credit accounts upon a single confirmation, which on average is approximately 5 minutes from the time of the transaction.

How do I withdraw Litos?

On your account page, you can transfer Litos to any Litecoin address you want. Small withdrawals (i.e. smaller than the balance of our hot-wallet) are processed instantly and you will be given the transaction ID immediately.

Larger withdrawals will be shown in your withdrawal page as "PENDING" and will require us to manually remove sufficient funds from our cold storage. Usually this process will take less than two hours, but may take up to 24 hours, depending on the time of day and other circumstances.

We remove 500 Litos from any withdrawal amount to cover mining fees. We charge this amount regardless of the actual mining fees attached to the transaction, which may be more or less than this, depending on the block competition at the time of your withdrawal.

Withdrawals must be in increments of 100 litos, with a minimum withdrawal of 1000 Litos (of which 500 Litos goes towards the mining fee). As required, we will chip in our own money to help expedite confirmation time, such that we typically pay more in mining fees, despite charging you only 100 Litos.

What is gross profit?

Gross profit refers to the sum of the profit from each game you've played without considering your loses.

Game

What happens if I disconnect from the game?

Upon detecting that you have disconnected we cash you out (assuming the game is still in progress). Regardless of whether your client is connected or not, the auto cash-out feature will work as expected (it happens on the server), and we highly recommend you use it if internet reliability or performance is a concern.

How high can the game go?

There's no real limit! However, if during a game we ever are facing a net loss of 1% of the bankroll or greater, the server will automatically cash out all players still in the game, forcing them to enjoy an early win and a sizeable profit. You can see in game what the current max win is (in the bottom right of the chart)

What is the most I can bet?

We currently have a bet limit of 450,000 Litos (0.45 LTC).

What is the bonus?

The bonus is a special prize that is awarded to the last people to cash out before the game busted. Getting the bonus is critical to skillful playing of Litecoin.win, as it is the only way to overcome house odds.

1% of each player's stake goes into the bonus pot. So if there are 4 players, betting 400, 300, 200, and 100, there will be 10 Litos in the pot. If the biggest player wins, he gets the whole pot. The site works out the rate he would be getting if he won, ie. 400 Litos bet gives 10 Litos bonus - or 1/40th bonus per lito bet. It then applies the same rate to whoever actually wins.

So if the 100 Litos player wins, he gets 1/40th of 100, or 2.5 Litos. That leaves 7.5 Litos in the pot, which goes to the next best placing player(s).

Suppose the 200 Litos player comes 2nd. He is due 1/40th of 200, or 5 Litos. There are still 7.5 Litos in the pot, so he gets the full 5 Litos he is due - the same as if he had come in 1st place.

Suppose the 300 Litos player comes 3rd. He's due 7.5 Litos (300/40) but there are only 2.5 Litos left in the pot, so he gets those and that's all. There's nothing left for the 4th or worse place players.

0.5% of games will instant bust (0x) and no bonuses will be awarded, all other games have bonuses equal to 1% of the amount wagered.

Speed lottery

Hoe does the lottery work?

The lottery is an intense, hight speed game where you can buy lottery tickets on the fly. Each game lasts for only 5 - 30 seconds. There is 1 jackpot for 1 winner. The more tickets you have, the more chance to win the jackpot. During the rounds you can buy extra tickets. Eacht lito equals 1 lottery ticket. There is no limit on how many tickets you can buy.

You can take a look at the past lotteries with the highest jackpots here.

Additional information about the lottery

In this game, you are not playing against the house but against other players (PvP).
The jackpot is always at least as high as the highest bet. So, for example, if you bet 100.000 Litos and another player bets 10 Litos, the jackpot will be at least 100.000 Litos, no matter how high the house edge is.
The lottery games require at least 2 players to run. So if you placed a bet you have to wait for other players (or encourage them) to play the lottery game.

lottery is provably fair

Our lottery games are provably fair. Before each game a serverseed is generated. This seed is then hashed using sha256 encryption. This hashed serverseed is sent to you (the client) before the game starts.
When the game ends, the game will generate a string using serverseed (unhashed) + the number of tickets (clientseed) sold:
endgame_string = 'c0c973b2198f3315ac0e' . '1200'
This string is then used as a seed using David Bau's seedrandom module. This module makes sure that given a seed the outcome of a Math.random() is always the same for THAT seed. See github.com/davidbau/seedrandom for more information. Using this method, we draw a winning lottery ticket that is provably fair.

Fairness

What are the game odds?

The house margin is scaled between 0 and 1 %, depending on how long you hold. An additional 1 % is effectively taken from every bet and put into the bonus pool, which is distributed in its entirety every game. As a consequence, skilless or random play has—at worst—an expected return of -2 %, but it is possible to overcome the house margin by skillfully getting bonuses.

The numbers are baked into the game, so you never need to worry about it. We do not have a fixed house margin, as this would prevent highly conservative play (e.g. If you were only attempting to make $2 in a $100 game, a house margin of 1 % would be 50 % of your potential profits!). Our unique formula makes it fair for both highly conservative play (cash out early) and highly aggressive play (hold until you're a millionaire). All games are provably fair.

The exact formula for the houses expected return is:
1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)
But to really get a good sense of how this affects you, please use our handy odds calculator.

The other important thing to keep in mind is that every game has a 1 % chance of instantly busting. We do not make any money on it, but rather use this to fund the bonus scheme. This is an important consideration to make if you are playing in such a way that you never win the bonus.

How is the game bust calculated?

The code that decides the multiplier for each round is here: https://bitcointalk.org/index.php?topic=4893379.0

It basically does three things.

First, it mixes the hash with the clientSeed (decided by the provably fair seeding event) using hmac-sha256

Secondly it gives a 1 in 101 chance of instant busting

Third, it works out what the multiplier would be if there was no house edge.

Fourth, it takes 1% off the multiplier and adds on 0.01x:

So half the time (other than 0x bust which we can ignore because they pay for themselves with the bonus) the multiplier will be 1.99x or more.

That means if we bet 1.99x we have a 50% chance of winning (again, ignoring 0x busts), and so the house edge is:

100 - (1.99 * 50) = 100 - 99.5 = 0.5%

The extra 0.01 that gets added on to the multiplier is half of the 1% that was taken off in this case, leaving the house edge at 0.5%. As the multiplier gets bigger, the 1% that is taken off gets bigger, and the 0.01x that gets added on becomes less and less significant, causing the house edge to tend to 1%

Is the game fair?

Absolutely! And we can prove it. Please see: Seeding event coming soon

How to verify the game results?

Use our JSFiddle to verify our games, check the median and simulate your bets : JSFiddle.

What happens when the server forces people to cash out?

Under some circumstances the server will force people to cash out. The most common reason is that the game multiplier has gotten so large that we are risking too much of our bankroll (10 % or more). Another possible reason is unexpected server problems. If more than one person in a game is affected by the forced cash-out, we allocate the last cash-out bonus to a random player.

Am I allowed to have multiple accounts?

Having more than one account is strictly forbidden, if we catch you with multiple accounts, they will be deleted regardless of the account balance. The first account created will stay. This is to prevent faucet abuse, spamming, and to keep erena.io a reputable environment. If you have multiple accounts currently, please contact one of the admins immediately.Repeated attempts to create multiple accounts may lead to IP or hardware banning.

Do you have gambling addiction?

Gambling addiction, also known as compulsive gambling, is a type of impulse-control disorder. Compulsive gamblers can’t control the impulse to gamble, even when they know their gambling is hurting themselves or their loved ones. Gambling is all they can think about and all they want to do, no matter the consequences. Compulsive gamblers keep gambling whether they’re up or down, broke or flush, happy or depressed. Even when they know the odds are against them, even when they can’t afford to lose, people with a gambling addiction can’t “stay off the bet.”

Gamblers can have a problem, however, without being totally out of control. Problem gambling is any gambling behavior that disrupts your life. If you’re preoccupied with gambling, spending more and more time and money on it, chasing losses, or gambling despite serious consequences, you have a gambling problem.

If you think you have this problem please visit one of these sites to get assistance:

UK: http://www.gambleaware.co.uk/
US: http://www.ncpgambling.org/
Self Help: http://www.gamblersanonymous.org/ga/

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