Grab as many Golden tickets as possible and stand a Golden chance to win the big prize: a Lamborghini Huracan. The giveaway is provably fair, and the winner will be chosen by a lucky draw at the end of the contest. 3,055,725 Golden Tickets Already Distributed.  That's exactly what I'm trying to do by betting on events and playing a little multiply. I really hope that there will be more sports added in the future like some American sports. We are working on adding a fixed odds betting section that will come from an automated external feed allowing us to offer a much wider range of sports. Also I have a question, will this golden ticket lottery continue after this one concludes?
That is highly probable but not 100% guaranteed. |
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@TheQuin
Can i withdraw my Bitcoin to segwit address?
Yes. You can enter all Bitcoin addresses on the withdraw page but you can't set the profile address (default withdrawal address) to a Bech32 address.
~ I like betting, but not this time weighted system.
If you think about it a bit it just makes the parimutuel system function a bit more like fixed odds where an early bettor might get much better odds when less information is available and then the odds tighten later on. Parimutuel betting without the TWM is often unfair to early bettors. |
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This is not true,
It is true because your logic is completely flawed. We only take 5% from the prize pool so everyone gets the other 95%. The time weight multiplier is irrelevant to the house edge. because bettor have to be very early. If he notices match even one day late, he can not have 95% percent return, it is allready under 90%. In Sweden and Finland have state-owned tipping companies that offers 85% percent return to horse races. It is lower return,
Congratulations, you finally got something right. most parimutuel betting has a minimum of 15% house edge and is often far bigger. but bettor can place bets to last minute before race with same conditions.
Many bettors prefer the way we do it as they get a better return by betting early or a choice to bet late when more information that may affect the result is known (eg. the teams have been announced and a start player is injured). That actually makes it fairer, in fixed odds betting the odds will change in situations like that so the returns do vary depending on when you bet. I just clicked that links and took a screenshot.  A 95% return looks very competitive in that market place even if you ignore that you'll be earning free lottery tickets, golden tickets and reward points and Free BTC bonuses by betting with us. You still haven't named a parimutuel betting site with a better house edge and are making comparisons of house edges in different betting types. If you don't like parimutuel betting then don't do it. |
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Congrats ads2003uk All eligible claims paid up to this post. Reminder: You must post a screenshot of your roll on the FREE BTC page. |
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Well I dont know any other betting site with bitcoins and parimutuel.
I didn't specify Bitcoin. Name ANY parimutuel betting site with a lower house edge. But I guess they all have smaller house edge, because freebitco has around 70 - 75% which is very small.
You guess wrong. Our house edge is 5% which makes it the same or better than any other parimutuel betting site and fixed odds betting usually has a higher house edge as the bookie is taking a greater risk. You keep stating that there are better places to bet but so far a failed to name one. |
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~snip
This thread is not a support channel and I cannot discuss other people accounts with you. If someone has an issue they should email support(at)freebitco.in |
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I only know of one other Crypto site that does parimutuel betting which also has a 5% house edge. For fixed odds betting you will normally get a minimum of 5.5% house edge.
What is that site? You have to answer my question before you get to ask me another one. Name a parimutuel betting site with a smaller house edge. ...i have 19.1641% achieved to next bonus. and it goes down every hour.
It goes down every time you do a free roll. To earn a bonus you have to wager enough in proportion to how much we have given you for free. |
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I did not know the term, parimutuel is like tote pool. Yes I dont know any tote pool betting with bitcoins in the whole internet. But it doesnt matter, rules of the game are too bad, when I can bet on fixed odds with 97% return.
https://en.wikipedia.org/wiki/Parimutuel_bettingI only know of one other Crypto site that does parimutuel betting which also has a 5% house edge. For fixed odds betting you will normally get a minimum of 5.5% house edge. |
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Name a parimutuel betting site with a smaller house edge.
There is a lot ~97% betting sites with bitcoins and all asians bookies have ~98% with fiat. You cant engage meaningful betting with 50% return, it is ridiculous. I looked their turnover and it is not much. They would do better to release just simple tote pool with 95% return and get 100x bigger volume or 98% return and 1000x bigger volume. These are researched stuff. You did not answer my question. Name a parimutuel betting site with a smaller house edge. Also there is no accountancy of own bets and it is difficult to monitor bets. It would increase credibility if there was a total statement of how much money each option received and how much it was paid out in winnings.
Your bets move to My Expired Bets for one month after the event. You can keep your own records if you want a longer record. That has nothing to do with credibility. |
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no wonder they can afford to distribute lamborghins  Name a parimutuel betting site with a smaller house edge. |
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What is "house edge" in betting?
5% the same as the dice. If formula is (Bet Amount)*(100%+(Time Weight Multiplier)%), is this still multiplyed by closing odds? Can I assume that early bettor can have 0% house edge and later bettors pay house edge?
No. |
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Anyway, I agree with you. How the reward increases should be clear.
From my experience, the reward increases, but at a very small rate. I feel wagering small amounts like 0.0002 BTC has almost no effect.
It's a ratio of how much you wager against how much we have given you for free so the larger your total free roll winnings are the harder it gets. |
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When will the cricket match South Africa England 1st ODI be graded? It was played 2 days ago (South Africa won) but still hasn't been graded
The other cricket match New Zealand India 1st ODI is also completed (New Zealand won) yesterday. Was hoping these can get graded soon?
Both of them were paid in the time we said they would be. DECISION LOGIC
The winner of this bet will be the team that wins the match.
If the match is abandoned without a result, bets on both teams will receive 50% of the finishing outcome odds.
Winners will be declared and paid out within 48 hours of the match ending.
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i made a ton of dice bets and got no reward points or lottery ticket is the site broken??
Not broken, just a bit of lag updating the pages. Wait a while and refresh the page. |
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It looks like there is something wrong with the bonus system right now, I am 40.17% closer to next 21 satoshi bonus for the free claims and I am required to either wager or bet and whatever in order to get that higher, it said I can buy lottery tickets to increase that and I have bought a bunch of lottery tickets with all my money (shame I didn't won anything .) however that stays the same and continues to drop whenever I claim free faucet. I can understand why it would drop, that makes perfect sense but why doesn't it go up when I buy lottery tickets? I first thought maybe lottery had to be drawn to get it up and calculated but the lottery is gone now and I am still not higher in that bonus thing. Would you care to take a look into it and tell us why would that happen? It does go up but you need to wait a few minutes and refresh the page before you see it. The website just says that you can increase the reward with wagering and buying lottery tickets. It even says that the reward can increase 20x faster with buying lottery tickets. But how the reward increases isn't clear. The website needs to be updated with more details about this.
It should be said that the reward increases X satoshi for every Y BTC you wager or every Z lottery tickets you buy.
It's a game so you are supposed to work it out yourselves. |
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the site used to have a lot of promotions for deposits that gave golden tickets almost every week but i have not seen any for a while now (maybe 2 months?). did it stop doing them for this round of the Lambo lottery game or am i just getting unlucky and missing all of them?
We stopped doing it because people were abusing it by depositing and withdrawing the same coin over and over again for 48 hours. |
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So, even if you can win the daily jackpot with wagering 5 BTC (I don't think it's possible), It's like that you are playing a game with 1.7% house edge.
You need to pick your day to try it. Someone won with just 1 BTC wagered one day last week. |
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you going to adopt kingDice ? What will happen with freebitcoin  regards We are going to relaunch a new KingDice and that has no effect on freebitco.in. |
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my email is correct and i get this email after 3,4 hours on the day i couldn't access my account
Then there's something wrong with their server, how much BTC do you have on your account? Also, I suggest following the scam report format if you think that you're really scammed by them. He had about 3000 Satoshi we gave him for free. @Btchunter3333 Try it again and if you know the person that referred you please ask them to stop trying to steal from us through multi-accounting abuse because it will inconvenience any real referrals they have. |
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The odd is registered when we bet or when the bet is closed ? Because if the odd displayed is higher when we bet than in the closure we can lose money.
It is impossible to lose money if you win the bet. The odds change because other people bet against you as it says on the page: Bet on the latest events against other FreeBitco.in users and win a share of the prize pool if you pick the winner!
Obviously you don't know what will be in the prize pool to be shared by the winners until all bets have been placed. All other bet sporting website are "what you see is what you get".
No. Those that offer fixed odds betting and bet against you will tell you the odds when you place a bet but in player versus player betting that isn't how it works. https://en.wikipedia.org/wiki/Parimutuel_betting |
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