In a nutshell - the more money worth skins/items you put inside the jackpot, the bigger chance you have to win the pot.
How It Works
Somebody enters the jackpot.
Round starts when at least 2 players enter the jackpot.
Round ends when jackpot reaches a limit of 100 items or in 90 seconds.
A small 7% (5% if you add SkinSpeed.com to your nick) reservation is taken from winner's profit.
You can deposit up to maximum 10 skins/items per round.
Minimum value of deposit is 0.50$.
No price limits for skins and items.
Items that are very rare, may not be accepted. Only items, that can be found in CS:GO Steam community market will be allowed for depositing.
Sign in through Steam API.
Add stream trade offer URL to your account.
Send a trade offer to our bot with the items you wish to put inside the jackpot using the "Deposit items" button in home.
Our system will value your traded items. Pricings are provided by BITSKINS.COM.
Your items will be added to the current jackpot. In case your items doesn't get added to the current pot, don't worry. That just means that there were some people before you, that traded the bot first. Your items will be automatically added to the pot next round or in a few minutes.
When jackpot reaches a total number of 100 items or the time (90s) is up, the system will pick the winner and announce it.
The winner will get a trade offer from our bot with items of the pot.
Usage of our site, http://skinspeed.com/ (henceforth to be referred to as "SkinSpeed.com") and its services constitute your acceptance of this agreement. If you do not agree to any of these stipulations please leave the site immediately.
For clarifications feel free to contact us through our ticket system.
By using SkinSpeed, you are agreeing with those Terms of Service and you are responsible for compliance with any applicable local laws. If you don't agree with these terms of service, you are not allowed to use SkinSpeed.com.
You must be over 18 years old to play on SkinSpeed.
We cannot always have the right prices, but we are trying our best to have our prices consistent.
Since we cannot take patterns into account, the valued price can be under the actual item value.
Playing on SkinSpeed implies that you fully accept our prices and understand there will be no refund in case of a price issue.
When you confirm your offer, you have no guarantee for it to be put in the current round.
We will not give anything back if you were not put on the round you wanted.
SkinSpeed only allows CS:GO items to be deposited.
We reserve the right to refuse any item. We do not accept Souvenir items because their prices are not constant.
Always play safely. Don't bet items you are not willing to lose. Once your bet is confirmed on the site and the offer is accepted, it can't be cancelled.
SkinSpeed takes approximately 7% (5% if you add SKINSPEED.COM to your nick) of the total value of each round. It allows us to maintain the website. Those 7% are taken from the items so it can be less, but it will never be above 7%.
The items deposited by the winner are never taken.
The value of the rounds shown on the website does not take it into account. However, the trade offer received by the winner shows the value of the items won.
Winnings are returned with trade offers. They are sent to the trade URL in the winner's settings. If this URL was not the right one when the offer was made and the offer was accepted, we will not refund any item.
We do not guarantee that the items received by the winners will be exactly the ones from the round. We only guarantee they will be the same skins with the same qualities, so they have the same value on our website.
After the round you won closed, you have 1 hour to accept the trade offer with your winnings. If the offer is not accepted after 1 hour, it will be cancelled.
Then, you have 1 more day to contact us. If you did not contact us after 1 day, the items become ours and you will not be able to get them anymore.
If you counter trade offer, our bot cancels it and we will not refund any item.
SkinSpeed reserves the right to remove any user's to our website for any reason.
Anyone trying to scam our users will be banned from SkinSpeed. Our bots will never send you friend requests. They will never request items from you.
We reserve the right to use any media content generated by SkinSpeed.
We do not do refunds. You always play at your own risk.
SkinSpeed may revise these Terms of Service from time-to-time. Revised Terms of Service will apply from their date of the publication on this website.
Law and juridiction
These Terms of Service will be governed by and construed in accordance with the laws of the European Union, and any disputes relating to these terms and conditions will be subject to the exclusive jurisdiction of the courts of European Union.
We are not in any way associated with Valve Corporation.
To help you verify a round, we created this small helper tool that runs completly on the client side.
If you're a developer feel free to check the source code, we added everything inline to allow you to see exactly what the code is doing over a quick inspection.
To prove that the system is truely random and fair we utilize a provably fair system. There are three elements that allow you to verify that a round was fair:
The winner percentage
To uncover the number the system uses the formula:
ceil(numberOfTickets * (winningPercentage / 100))
The ceil function rounds a number upward to its nearest integer.
After doing the math you'll end up with a integer that contains the number of the winning ticket, from there you will only need to count the number of tickets, starting at the beginning of the round (being that we give 1 ticket per each 0.01 Steam Value deposited) and you'll find the fair winner.
The round secret
The round secret is generated at the beginning of the round but only shown at the end, and it's meant to encrpyt the winner percentage and allow you to verify the winning ticket via the round identifier.
The round hash
The round hash is an md5 string that is given at the beginning of the round, it is generated by joining the round secret with the winner percentage, separated by a "-", so a round hash is an md5 encrypted string of "[roundSecret]-[winnerPercentage]".