i Have a Question:
In the betting section, what does the TIME WEIGHT MULTIPLIER do to your bet. I don't get the explanation that is given on the site.
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The Time Weight Multiplier is an additional factor added to our betting events to incentivize early bets by assigning them a higher weight than later bets.
The Time Weight Multiplier starts at 100 for each event and goes down as time passes, eventually reaching 0 when the event ends.
The weight of each bet is assigned as (Bet Amount)*(100%+(Time Weight Multiplier)%). So, a bet made with Time Weight Multiplier of 99x will have a weight of 199% and a bet made with Time Weight Multiplier of 30x will have a weight of 130%.
In the example above, the bet with Time Weight Multiplier of 99x will win 60% (199/(199+130)) of the prize pool and the bet with Time Weight Multiplier of 30x will win 40% (130/(199+130)) of the prize pool.
So the quicker you make your bet, the higher share of the prize pool you can win!
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What if the odds are 4.42 and the TWM is 45.706x and I bet 1 BTC. My Estimated winnings wil be: 4.42000000. Is this actual my winning or will it be less?
The explanation you have quoted gives all the information you need. The estimated winnings are just that an estimate as it is not possible to know in advance what bets will be placed in the future. The actual payout is a proportion of the total prize pool at the end. Your proportion of the bets placed on the winner are weighted depending on how early you bet. |
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FreeBitco.in is a long time paying faucet & casino platform and they will not destroy they're reputation by scamming a few satoshis from their users. ~
Bernie Madoff had the world's greatest reputation but then we all know what happened. I will ask you once again... There are several youtube channels explaining the Freebitcoin Multiple Account trick. Three of these channels have 10k+ subscribers and are selling the trick since 2015/2016, so I guess you know them. You must know who they are. Right, TheQuin? Why have Freebitcoin NOT banned them after all this time? I must assume there is something wrong here. Why didn't you ban them, TheQuin? These guys are doing this on a big scale since 2015/2016, they have 100+ freebitcoin accounts each and they are not hiding this from you. What is your game here, TheQuin? These things are scams. They sell you information that just results in getting your accounts banned. They prey on wannabe thieves like you. You are wrong about Bernie as well. Everyone involved in finance knew consistent results like he posted were not possible. There were however countless fools that wanted it to be true and lost their money because they wouldn't listen. |
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I am using Stake.com also.
The biggest thing putting people off Stake right now is the number of old threads being needlessly bumped by their new army of signature spammers. |
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All eligible claims paid up to this post. |
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Pretty nice promo they are running, abit pricey for tickets but hey 300k is alot of money so i guess it adds up.
The Lambo is $200k which makes the 0.00025000 BTC tickets very cheap. Although with Bitcoin price going back above $6000 they are getting a little more expensive. You might want to get your tickets early if the bull run starts now. |
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I will not elaborate those methods since it can be use to prevent users from getting caught,.
That's why they come here to try and work out how they got caught and how to be harder to detect next time. |
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First he said to me I was banned due to IP issues. Later on, he explained here: "...nothing to do with your ISP giving you a different IP address.
You are another one with reading comprehension deficiency. Your ISP not giving a static IP is not the only relevant information about IP addresses. why are there up-to-date youtube channels where freebitcoin users explain how to install many accounts to be used by only one person
Why do I not find it surprising that someone I banned for abuse is aware of this? |
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~what could be the reason you consider only 0.5 bitcoin of the tickets sold as "real" and the others are "given away" but in reality I honestly believe none of it was given away~
The point I made before was that the house edge is already used to pay for everything else on the site. If as it stands at the moment we end up selling less than half the value of the Lambo in tickets then rest has to come from an INCREASE in income from gambling. That is really the whole point of running a promotion like this. If you do a Google news search of "Lamborghini bitcoin" you'll see we have received some good publicity so far. How that translates into increased revenue and if that is enough to pay for Lambo remains to be seen.
Is there a way to follow how much my affiliates are buying tickets for?
We like to respect our customers' privacy. A lot of people refer their friends and family who wouldn't necessarily like the idea of their referrer knowing exactly what they do. |
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... is there an easy way to see the calculations for how the winnings might work out if you win? For example, if you bet, it shows you a rough estimate of how much your prize money will be IF you win?
That isn't really possible because it works on a percentage split of the total prize pool at the end. That prize pool and the proportion of it placed on the winner changes with every new bet placed. |
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Is there a set time for new betting events to be added? Or should I just keep checking the page?
It's all still a bit experimental at the moment. We started adding the shorter single match events because that was what people here asked for, but there wasn't really much betting happening. Doing it this way makes a lot of manual work for us so it doesn't really seem worth it. We're looking into available sports betting feeds to see if we could integrate them instead. The PvP betting does seem to be popular with the longer term events so we'll probably add more of those. Just keep checking the page. We are going to make it sortable by category soon so you'll be able to list it by most recently added. |
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Lets get some things straight here. I do not claim to be an expert at anything.~
Beyond that, you have proved that you have no capability of understanding the explanations put forward to you. You just keep on ranting the same falsehoods.
 I just won the jackpot, no big ammount but still happy  Congratulations on your win. We might have something big coming up soon on the jackpot front.  |
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Yesterday I betting football Ajax vs Tottenham. 0.01btc and Ajax win. When do I get the btc winnings?  Have you received your bitcoin winnings which you told you have on that day? I think you have already received your winning without any hassle. It has been 1 week and I still have not received btc the winnings yet.  I will never betting on freebitco.in anymore, too disappointed by the delay  I can feel your frustration but given the reputation of freebitco.in they will pay your pending winning btc., Just give them time to fix your issues i guess this is just some internal problem that needs personal attention by the main dev of freebitco.in. That's it, we're just having some teething problems with the new system. All bets will be settled. |
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@TheQuin, do you know if Freebitco.in serves requests from any domains other than these?
~ This is the full list of subdomains currently. captchas2.freebitco.in
captchas.freebitco.in
lwcdn.freebitco.in
s10.freebitco.in
s11.freebitco.in
s12.freebitco.in
s13.freebitco.in
s14.freebitco.in
s15.freebitco.in
s16.freebitco.in
s17.freebitco.in
s18.freebitco.in
s1.freebitco.in
s2.freebitco.in
s3-2.freebitco.in
s3.freebitco.in
s4.freebitco.in
s5.freebitco.in
s6.freebitco.in
s7.freebitco.in
s8.freebitco.in
s9.freebitco.in
sendycdn.freebitco.in
sendy.freebitco.in
sirv.freebitco.in
ws.freebitco.in
wsnew.freebitco.in
bet.freebitco.in
ex.freebitco.in
fbtc-audio.freebitco.in
fbtc-uab.freebitco.in
image_proxy.freebitco.in
ipv6.freebitco.in
lottery-lists.freebitco.in
mining.freebitco.in
nocookie.freebitco.in
promo.freebitco.in
sirv2.freebitco.in
static10.freebitco.in
static1.freebitco.in
static2.freebitco.in
static3.freebitco.in
static4.freebitco.in
static5.freebitco.in
static6.freebitco.in
static7.freebitco.in
static8.freebitco.in
static9.freebitco.in
static.freebitco.in
tracking.freebitco.in
www.freebitco.in
www.ipv6.freebitco.in.
There might be more added so if possible I would use a wildcard *.freebitco.in instead.
Freebitco.in is very close to many of us and it can be compared to someone losing their Bitcoin virginity for the first time. That first experience will always be special.  No comment.
In any case 0.5 in less than a week must feel good,
It would feel better if it extrapolated out to more than half a Lambo. 
Why didn't I get the reward for betting on Cerrone vs IAQUINTA? I bet on Cerrone, he won, but I didn't got my BTC reward? What happened?
We are having some administrative difficulties with the betting at the moment. Don't worry, all bets will be settled. |
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Hey guys! This took a little while, but thanks to wetsuit for agreeing to the interview (and of course thanks to TheQuin for arranging things!), appreciate the candour, looking forward to reporting about the winner in about 6 months from now! The article is here. @Kakmakr, assuming that the house takes the edge from wagers, then every 0.005 BTC wagered gives the house 0.00025 BTC in earnings (on a 5% Multiply edge). Of course, we'll assume they have to pay ref fees etc etc but I think it's fair to say that Lambo's already paid for itself;) You're welcome and thanks to BitcoinNews.com for giving us the exposure. You're not taking into account that that amount would mostly have been wagered anyway and pays the faucet and everything else. To pay for the Lambo it has to be an increase in wagered amount caused by the Lambo contest.... which is, of course, impossible to measure. |
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@TheQuin
Hi can you give us the option to manually choose the referrals we share the commissions with?I want to send some BTC to one of them not all and this is not possible atm,it will be a great addition for many of us please think about it.
Yes it would be a good addition in sharing referral commission to active rollers instead of sharing to all refs including the inactive one. But this has been in discussion before that its not possible since it might raised some question if the other party complain that he didn't receive the satoshis since it happen internally it doesn't have a blockchain transaction that can be used a proof that the amount has been sent. Only active referrals to get a share if you use the "Share amount based on referral activity since last payout" option. I think it would be open to abuse if we changed to allow selective sharing. |
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TheQuin is a liar that begs people for Merit because he has such a poor reputation.
That reading comprehension deficit disorder you suffer from really is very severe. I already corrected you on this once: Look at TheQuin's Trust Score! He actually begs for Merit, ~
You really are the most outstandingly thick specimen to walk this planet. That's feedback I left people that begged for Merit from me. If you are suddenly interested in how other members of the forum rate the value of my posts have a look at the earned Merit statistics here. https://bpip.org/report.aspx?r=mostmeritedOn my trust summary that is listed as "Sent feedback" meaning to anyone with more than one brain cell to rub together that I sent it. I would highly recommend that you get some help with your deficiency. There are schools for people with special needs like yourself. Then you might be able to go back and understand that I have already adequately answered and explained all your complaints. The other people reading these threads have already told you that and also told you the correct place on the forum to post about it. |
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This is getting super crazy, I know it supposed to be 6 months and it would make you guys super rich if you continue to do this for 6 more months because it will be millions of dollars when it ends however we are already over the prize amount, 200 thousand dollars was the amount you said you would credit (if we opt for cash instead of the car) and you are already over 200 thousand dollars today and its only 4th of may. I can't believe how many people and how many tickets are in this already.
Would you consider cutting it short because of the number of tickets sold or will you continue to wait that said 6 month period just in case? I can't believe we just talked about what would happen if you guys can't sell 200 thousand dollar worth of tickets and here you are breaking that on your 4th day. This is surreal.
As Kakmakr just explained above we are giving away most of the tickets. Even a lot of the tickets that are being bought are being paid with Bitcoin from the faucet and referral income (which comes from us). Edit: wetsuit just updated me on the current split. So far we have sold 0.5 BTC worth of tickets and given away 67 BTC in tickets. |
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if free golden tickets earned from wager/bet are excluded, then what are they for?
All tickets are indeed equal. |
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Hi, ElGringoMalo, so you never had a problem, right? But if one day you ever have a problem to get your satoshis from Freebitco.in, and you complain directly to TheQuin, he will look at your ip adress changing and will tell you you're a 95% abuser like he did to Sairu, to karu88, to me and to many others. And he will confiscate all your satoshis like he did to me and to many others.
It was nothing to do with your ISP giving you a different IP address. I use a lot of information to detect abusers like you but that doesn't factor in.
Hi quin! 4 day and I not receive btc win betting Ajax - Tottenham  I betting Ajax 0.01 btc win but nothing Sorry about the delay. wetsuit is away at the moment but when he gets back on Monday he's going to code up a management interface for me so I can payout the winners. |
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Hi,
Please post a T&C section on the Lambo event, especially on the payment of prize, some questions I have in mind and probably other users too:
All terms are already displayed on the site as it is a no catches contest. 1. Can the winner stay anonymous? Assume it is a yes, then what is the reward if he post that in this forum (proof of winning/ proof of payment made).
Of course, they can stay anonymous. This is Bitcoin. 2. If the answer for above question is NO then how do you verify the winner, is that only by the account name, account id and email should be enough or it need some kinds of KYC?
See above. 3. How long in time should be legit for the winner to claim his win, starting from the result announcement date? i.e: I am purchasing one ticket now, and by the time it has result I am away from the site and will not check my email for months after that...and if I win (just an example). And finally, if the winner did not claim his lambo after the deadline, then how will the prize upto? Will be there another draw conducted to get the new winner or where it will go, since the prize is huge I assume the site would do that (repeat the drawing processing) until there is a legit winner claim his prize.
We'll send them an email telling them they have won and asking how they would like the prize delivered. If after a few days they haven't answered we'll credit the BTC equivalent of the Lambo to their account. 4. Assume payment made in Bitcoin instead (probably everyone will choose this option), what is the exchange and time of payment/time of winner announcement to base on to get quote for conversion from USD to BTC and it that amount pay in full or it shall less the transaction fee?
It says on the Golden Ticket page. The winner can also opt to receive US$200,000 in lieu of the car, paid in bitcoins using the exchange rate after the lottery drawing has been done.
That means the Bitstamp rate at the time the Bitcoin network mines the block that picks the winner. As for the transaction fee if the winner decides to withdraw, are you being serious? 5. Will the ticket price & wagering requirement will increase/decrease as if BTC price drop below $5000/$2500 or will decrease if the BTC price jump upto $10000/$20000 (as what is applied to free claim / wagering RP award)? i.e 500k sat & 25k sat per ticket with current price of $5000 or above shall be 1000k & 50k sat per ticket as if the BTC price drop below $5000 mark.
No. Everything is set for the duration of the contest. |
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