Ethical ISK Doubling Scheme

I’ve been trying to get this up and running for a few weeks now. I’m pretty certain that it’s okay because it is (at least partially) ethical and I’m attempting to take something which is (in many cases) an outright scam and turn it into something that is both legit and that will generate some ISK for positive causes within the game.

For what it’s worth I did put in a ticket to CCP about it, to check that I could post this text here but they ignored it, so I figure that means that it’s (probably) okay.

Ethical ISK Doubling Scheme
In Eve there’s an abundance of pilots running schemes who’ll promise to double your ISK and most of these are utter scams designed to trick people with subtle catches and so on.

In contrast, the Ethical ISK Doubling Scheme (EIDS™) is is a genuinely ethical scheme that actually does pay out, at least for some of the people who’ll pay in. Each time we run a draw we’ll also announce who got the money (subject to them allowing us to do this) so that, should you want to, you can actually check that we’ve actually paid them.

Lastly, we’ll also be giving a proportion of any profits raised to in game support outfits like B4R, Sixth Empire and Operation Magic School Bus¹ to help them continue their positive help and support work in the Eve community.

You pay in an amount according to the tier that you wish to enter - and there’s a guaranteed 1 in 6 chance of a payout with double the amount of isk coming back to you, (much better odds than most of the current offers available via HyperNet Relay)

Entry Level: 10,000 ISK = 20,000 ISK Payout
Low Level: 50,000 ISK = 100,000 ISK Payout
Medium Level: 100,000 ISK = 200,000 ISK Payout
High Level: 500,000 ISK = 1,000,000 ISK Payout
Advanced Level: 1,000,000 ISK = 2,000,000 ISK Payout

Send me the cash in-game. Once six people have paid into that tier we’ll pick a random person and they’ll get double their ISK back.

¹Please note that EIDS™ is not endorsed by anyone associated by the afore mentioned in-game groups, we’re just trying to the right thing by funnelling some funds their way on a completely ad hoc basis.

So how much of the ISK are you keeping?

If you want this to be taken seriously, set up a character specific to this event and publish their wallet API so anyone can see the cash flow - how much is paid in, how much is paid out to winners, how much goes to the sponsored programs, and how much you keep for yourself for running these. I still doubt anyone will participate, as you are talking about making 2x what you are paying out without ever putting your own money on the line.

2 Likes

Thanks for your reply @Mkikaden_Tiragen.

I’m not going to lie, it will definitely make me some money, but out of each draw at least 1/3 of the money that I get will definitely go to the in-game good causes as I stated and some people will genuinely double their ISK.

If it begins to run regularly, then I’ll be more than happy to decrease any takings that I make on the basis that, over time I’d cover the effort that I’m putting in via multiple draws. If this situations happens, then the funds will be split 50/50 between payouts to the winner and money to the good causes.

As far as publishing a wallet API, at this stage I don’t want to do that, but it is definitely something I’d very seriously consider in the future if it takes off and starts to be a regular thing.

I will definitely publish the results of the draw each time it happens, who got the money (subject to them giving me permission) and how much went to good causes (and which one).

While I fully respect why you have this view, I hope that you’re wrong. There are so many scams in EVE that just unapologetically rob people blind, it’d be good if something that’s trying to make positive change succeeded.

This is much worse than most hypernet offers I’ve seen. 1 in 6 odds might be better than 1 in 256 but the compare the potential rewards. Even the worst casino in the world doesn’t automatically take 66% of all money wagered to keep for themselves and give such a shoddy payout. In gambling the house succeeds by taking a tiny amount with high volume. Taking an enormous amount every time just makes the offer entirely unappealing even to the most degenerate gamblers. If you were serious about doing this you should start off taking a tiny amount (or even nothing at all) until you build trust and repeat customers.

There are so many scams in EVE that just unapologetically rob people blind, it’d be good if something that’s trying to make positive change succeeded.

I find this skin-deep veneer of positivity very unpleasant - acting as though you are doing people a favour while fleecing them is never a good look. That said, there seem to be plenty of mathematically challenged people playing the hypernet so, who knows, perhaps you’ll get some takers? Though I hope not.

I’m not sure that that’s correct, at least in terms of how ‘good’ the Hypernet Relay is. There’s a heck of a lot of money flowing through there on expensive spacecraft draws that the vast majority of people have very little chance of winning.

As I stated in the OP there is a 1 in 6 chance on this draw of winning. And while other aspects of the draw might change if it becomes popular, it’s unlikely that the odds will ever be worse than this - because I’d rather do more small draws than have one gigantic one that most people won’t win.

I’m not taking 66% for myself!

As my reply to @Mkikaden_Tiragen stated, at least 1/3 of the money will go to good causes and (if you work out the math) at least 1/3 will go to the winner, and, depending on if it’s popular,¹ I may well end up doing if for minimal cost and basically for fun and give all the profits to good causes. The 1/3 is not intended to be a celling but it is a baseline.

If people really want to gamble then the Hypernet Relay should satisfy their base cravings. I just looked at it and there’s a bunch of people paying in around 1M - 2M for a 1 in 8 chance of winning. One offer is 1.5M for a 1 in 15 chance of winning.

To me, in the face of this, a 1 in 6 chance plus some money definitely going to good causes seems a good arrangement.

¹ For example, If I end up getting six people for each tier, then I’ll take a percentage from the bottom one and I’ll run the rest 100% for a 50/50 split between winners and good causes. And depending on how I feel generally about it, I may end up doing all of them on this basis just because I’m a nice guy.

Yes, 66% of the wagered money is taken out of the game. That is atrocious. Just because you claim half of that will supposedly be given to a good cause at a later date (but you won’t give a public wallet API lol) doesn’t change anything.

I just looked at it and there’s a bunch of people paying in around 1M - 2M for a 1 in 8 chance of winning. One offer is 1.5M for a 1 in 15 chance of winning.

For a chance of winning…what? That’s the bit you’re missing. The potential reward is a vital part of the equation. That’s how lotteries work - you might only have a 1 in a million chance of winning but you can turn your £1 or $1 into millions if you do. You’re only offering an even payout on a 1 in 6 chance. That’s terrible. Worse than the hypernet and worse than any real world bookmakers or casino. On the hypernet you might pay (for example) 10m to buy a ticket with a 1 in 8 chance of winning a prize of 60m. They’re paying out 6 to 1 on a 1 in 8 chance. Still bad, and little more than daylight robbery for the mathematically challenged, but not as bad as you paying out evens on a 1 in 6 chance!

BTW I think the hypernet is terrible and shouldn’t be in the game but that’s besides the point.

I’m not claiming anything. As I stated clearly in the OP and in my first subsequent reply …

I’m not really sure how I could have clearer here than I have been.

Whilst I fully respect this is your view, I politely and firmly disagree with you.

(post withdrawn by author, will be automatically deleted in 24 hours unless flagged)

Bump.

Might I inquire as to the desired responses you are trying to receive by bumping this thread ?