The full base reward is the Bitcoin equivalent of $0.002. After being given a chance to build a roll history accounts that do not meet balance and/or wagering requirement gradually have their base reward lowered until it reaches 33.5% of full base reward. If you don't want to gamble you can keep a balance above $50 to receive the full base reward.
The percentage towards the next Free BTC bonus is calculated on a ratio of wagered amount against free winnings so you must have won a lot more from free-rolls than your friend has.
Thank you for explanation. Is there any requirement how funds have to be earned? If i can reach $50 with referrals and free rolls only, the bonus reward will be activated? I am just curious why such important information about full bonus reward after reaching $50 is not on the site. There is no restriction on how you get the balance. After having gained a few months of experience answering the support contact form messages and emails, rewriting the FAQ is definitely on my todo list. I just need to find the time to do it. The reason they are not well documented is that these things were added on the fly to combat abuse, so they were done in a hurry. |
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How much is reward lowered when playing FREE BTC? I have done about 50 rolls and reward is now 50 SAT. At the beginning was 58.
Also my friend was able to achieve 2-5% bonus with every lottery ticket, but for me one ticket is about 0,01%. Can someone explain this system?
The full base reward is the Bitcoin equivalent of $0.002. After being given a chance to build a roll history accounts that do not meet balance and/or wagering requirement gradually have their base reward lowered until it reaches 33.5% of full base reward. If you don't want to gamble you can keep a balance above $50 to receive the full base reward. The percentage towards the next Free BTC bonus is calculated on a ratio of wagered amount against free winnings so you must have won a lot more from free-rolls than your friend has.
What I lost, I'm not asking you to give me back. I ask you to return what is left of my deposits.
That is correct. You were not asking for it back you were trying to steal it back by abusing the faucet and referral program. |
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In other words, your odds of hitting 10000 are far from being 1:10000 (as you would intuitively expect). I rolled a zillion times myself and never hit the two highest numbers. So, you know, you wouldn't actually be surprised to see something like that with the jackpot as well. If anyone wants to check how things really are, you are welcome
The odds of hitting 10000 are actually 20000:1 due to rounding. The possible outcomes are not 1 to 10000 they are 0 to 10000 with 0 and 10000 having half the chance being rolled than all the other numbers. Have a look at the how the rolls are calculated section on the provably fair tab. As for the endless discussions from people saying it can't be fair because they didn't roll it in xxx attempts, that is just crying about variance. |
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@ChipMixer, Your FAQ implies that partial deposits are merged. Mine was not. I feel your FAQ is very clear in what should have happened and would prefer to have the unexpectedly missing chip restored to me. I think you may also want to review your FAQ for accuracy or examine your back-end code to see where things went wrong. @BitcoinTalkCommunity, Please let me know if you feel my reading of the FAQ linked (and archived) below is reasonable. I've removed and changed some information below, but here is my basic complaint. I have already sent and email with accurate and complete information to chipmixer@protonmail.comThat A: seems to have been abbreviated from Since we don't have chips lower than 0.001 BTC, your deposit will be treated as donation. Be aware that if you send 0.0015 BTC, you will receive one 0.001 BTC chip. Sending 0.0015 BTC twice will result in three 0.001 BTC chips.
In the example of two 0.0015 deposits, both are above the minimum chip size. In your example, the second deposit is below the minimum chip size and is therefore treated as a donation. |
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If you had been using FreeBitco.in long enough, you would have known that your chances of hitting 8888 may be a little bit different from 1:10000
That is simply untrue. |
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$5 rewards paid out to the following user IDs who all posted the correct screenshot:
6345744
574237
4650182
3017266
13481902
1171824
753124
4955891
3590876
8663309
1685254
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Well, that in fact remains to be seen
I don't mean to say that the case described here has anything to do with what I speak of further, but it is in fact a real problem with "math being perfect" as in real life it is far from being perfect. In real life we are dealing with physical devices like random number generators which may or may not be entirely random (as with physical dice you refer to in your post). And I'm not even speaking of purely software ones which are called pseudo-random for a reason
What is usually missed about random seed generators is that if they were not random they would be predictable and if anyone was to work that out they would be able to exploit the Casino. There is no chain of reaction on betting. Each bet is individual which something gamblers try to deny as hard as possible. 8888 is 1 in 10000 chance of hitting, it is 1 in chance of hitting on your first ever bet and on your 10000th bet it is still 1 in 10000 chance. There is no chain betting that will allow you to finally hit that. You can hit 8888 on your first ever bet or you may not hit it on your 100kth bet.
There is no way of playing long enough to eventually hit it. However, the only reason people think its possible is that if you play long enough you create yourself more 1 in 10000 chances than just one. Same applies to people who gamble martingale for example, they think they can't lose 10 times in a row but your 10th loss is actually still %50 loss chance and not lower.
Exactly. The chances of hitting the jackpot are precisely 10000:1 every time you roll. Running any sort of test to try and prove that will only confirm the existence of variance however large your sample size is. |
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Why is everyone so hard you discuss the question about the martingale system, but no one can see that the site freebitco.in particular Mr. TheQuin, was stolen from me about 3 BTC? Is everyone believes that it is correct to steal deposits from a user who has several accounts, but who has not suffered any losses or freebitco site.in no particular Mr. TheQuin? Really it is impossible in this situation to solve a problem that to both parties it was good. Return at least 50% of the deposits, and leave the rest to the site freebitco.in for further development. I want to hear your opinion!!! Speak out on this situation
It is an open forum and they discuss what interests them. You've already been told countless times and heard people's opinions. Nobody thinks that if someone loses at gambling they are entitled to cheat the casino in return. I didn't steal anything from you, I caught you cheating free-rolls and referral income. Nobody thinks cheats are entitled to a refund. I can assure you no cheat that got away with a profit ever refunded anything to us. |
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A max bet is to protect the casino bankroll, i.e. it is "against" people staking too much which could potentially threaten the casino's financial resilience and ability to pay out. It is not directed specifically against martingalers or whatever. Indeed, they don't care about people with too little capital as the latter are no threat to them and cannot ruin the casino.
This is absolutely the case. High rollers are the biggest risk to a casino as they can put a big dent the bankroll in just a few bets. For example, someone that can flat bet the max win of 20 BTC at 2x ten times in a row might get lucky and win 8 out 10 bets netting 120 BTC in a few seconds. The small sample size of bets means that level of variance is very common. The Martingale player would place a vast quantity of smaller bets meaning the potential variance is much smaller and the result much closer to the expected value. |
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Lol, why are all of these sites crumbling? Safedice, betking, kingdice? Probably others I'm not aware of. I'm sensing a pattern here.
It is because the market is over saturated with online casinos. Everyday another new online casino appears and tries to gather customers (actually steals from other casinos) by doing promotions. For every new casino manages to expand its customer base, some older casino has to die. There is a lot of truth in that but I don't believe it has to be that way. There is a massive market using traditional fiat online gambling that hasn't even heard about crypto gambling. That's where sites should be aiming at stealing new customers from. It has so many advantages like provably fair and not getting your credit card blocked because you used it to have a bet with that most people outside of this small community haven't heard about. |
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Our super cool Rainbot is very generous lately! Join and have fun!   Catch the winning spirit![/center] Dang it. Just when I'm too busy at work to come and have chat. Someone must have been mighty generous with their winnings to tip Rainy with that much. |
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Honestly, if the website is not allowing deposits and withdrawals are another kind of problem and even playing on dice is not allowed, well that just means you should stop hoping for kingdice to come back. Its gone. The worst thing that could happen for any casino is to have troubles with deposits and withdrawals, you can do anything you want in casino world and be as shady as it gets but as soon as you change the deposit and withdrawals from instant (well could be couple hours that is fine) to non existent then you are already finished.
I understand the fans of this website trying to defend it no matter what but if you are going to just lose all your money when you deposit into it then its time to consider the website (well the casino) totally gone and done with.
You seem to have missed the post above yours saying that the issues have been resolved. Apart from the massive issue that there is still no sign of support, therefore Bitcoins trapped in accounts that cannot be recovered without a support  wetsuit will be back tomorrow. If you let me know which account you are talking about via a PM I'll be happy to pass it on to him. |
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Holy shit, that reminded me of the Bitsler exploit which was pretty similar. And the moment I saw the russian email... There are quite of few of these out there. They all fall into 2 categories of scam. Some charge a fee to by the fake exploit and others just steal your login credentials. None of them works, we would go bankrupt if our provably fair system was flawed. |
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Sorry to hear. Where you have got the news, can you please provide the link of the news so can know the details, waiting for the link of the news.
What news do you need? Browser mining was removed long time ago because Freebitco.in website was blocked by Malwarebytes and some antivirus. It's because of javascript Coinhive miner - malwarebytes saw it as trojan, despite that it was no real risk for users. https://forums.malwarebytes.com/topic/231469-freebitcoin-being-blocked/I did announce it in our ANN threads at the time but I'm too busy right now to go back and find the link. At the time I was pretty annoyed with Malwarebytes as our implementation of the Coinhive miner not only required the user to chose to use it but also gave a pop-up warning and asked for confirmation making it impossible to classify as a trojan. On reflection, I think the real reason they do it is because the majority of their customer base are enterprise users and employers don't want their staff using company resources to mine. |
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~
I'm not sure I understand what you mean to say That's because everything he says is complete and utter bullshit. Prime example: ~BTW I have a bot that will get you your 3BTC back. Just give it 30BTC and let it go to work. You'll get your 3BTC back in no time. Guarenteed. ~
The bullshitting peddler of a pony shitbot dice script can't even spell guaranteed let alone back it up. The real human psychology at play here is is that many people so want to believe that there is a magic formula to get rich without any work or effort on their part they fall prey to unscrupulous snake oil salesmen promising the impossible. |
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2x is the bet odds. Using different bet odds is a modification of the original Martingale strategy, hence me calling it modified Martingale.
It doesn't look different on me  even if its modified its still the same strategy. Anyways, Does anyone know here another strategy on playing this game I would love to hear it. There are lots of strategies. Remember gambling is for fun and entertainment. Lots of people get enjoyment from trying to improve existing strategies and inventing new ones. If anyone had ever been successful in producing a winning strategy then casinos would have ceased to exist. If you are interested in playing around with it I would recommend starting off with Seuntjie's DiceBot. It has inbuilt strategies and many more on the website for the programmer mode. |
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2x double on loss is what I would refer to as Martingale. Other progressive systems I would call modified Martingale. (That's just my personal terminology and not something I'm interested in debating).
With 2x double on loss you can still use different bet odds 2x is the bet odds. Using different bet odds is a modification of the original Martingale strategy, hence me calling it modified Martingale. |
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When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time?
Well, I'm not sure everyone runs martingale this way (or just anyone) I mean by simply offsetting the losses incurred in previous bets (i.e. if you win, you win only 1 satoshi no matter what the bet amount is). From my perspective, this will be the stupidest way of using martingale. When I used this technique myself, I always set the odds in such a way that at each roll with bet doubled (apart from the very first one, of course) I was covering the accumulated loss in full and won as much at that (provided I won, naturally) I was giving the example of the most extreme usage possible (I should have said risk 40BTC as that how much you would need for a 20BTC max bet). 2x double on loss is what I would refer to as Martingale. Other progressive systems I would call modified Martingale. (That's just my personal terminology and not something I'm interested in debating). |
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Martingale can be a viable approach only in one case
That is, when your financial muscle is greater than a casino's and the casino doesn't have a limit on max bet that you can wager. But it is still rather a theoretical case because you just won't be able to bet when the stake becomes greater than the casino's bankroll. So even in this case you are set to lose in practice. Obviously, real-life casinos have max bet limits set in place, for example, FreeBitco.in has it at 20 BTC
Even in that case, it throws up another question you have to answer before doing it. Fiat casinos tend to have a smaller difference between the minimum and maximum bets (or table limits in bricks and mortar casinos). That severely limits the possibilities to martingale to a small number of consecutive losses. When people come to crypto casinos and see min bet of 1 sat and max win of 20 BTC they think they will have to be very unlucky to lose. But the real question is do you really want to risk 20 BTC to win one Satoshi at a time? It could happen the very first series of bets you try it. What Martingale does allow you to do is bet at lower odds than the minimum multiplier. With the right bankroll and base bet, you can bet on outcomes that have much less chance of busting than a 1.01x bet. |
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I understand The Queen is not going to respond to my messages.
You don't seem to be capable of understanding anything. I have already responded to your messages many times. Repeating the same bullshit isn't going to get you a different answer. And I think that he is wrong in this situation about my deposits in the amount of almost 3 BTC. My opinion is he stole them from me. Am I wrong?
Completely wrong and by the looks of it the only person alive with that opinion. You went to a casino and tried to cheat and now you are begging the bouncer that just kicked your sorry arse out on to the pavement to give you back the stake money you tried to cheat with. FFS even The Village Idiot can see that you are wrong. Am I wrong?
The fact that you have to even ask such a retarded question is in itself, the answer. Those who are as stupid as you should absolutely NEVER be allowed to control that kind of capitol. EVER. Thus, you should just accept that you're a moron and relegated to be pennyless forever since that is the role you play until you decide to hand over the OXYGEN you're stealing from the rest of us. Until you hand over the oxygen you are using up and absolutely WASTING, you deserve nothing from anyone. BTW I have a bot that will get you your 3BTC back. Just give it 30BTC and let it go to work. You'll get your 3BTC back in no time. Guarenteed. I'm sure you've got more stolen BTC hiding back there somewhere that you can use to dig yourself out of this hole. Please do try out The Village Idiot's shitbot dice script. You might just be stupid enough to believe him and join the other fools that have lost over 12BTC so far.
Could we like have the same thing for old accounts as well? I try to withdraw my coins here and there which means even tough sometimes I do not have captcha, sometimes I do have it and even tough its like nothing and we can all solve catpcha and its fine, its still not really enjoyable. I am fine with it if you say keep doing it but if we could have like over 1+ year accounts not having any it would be really great news for old players like me I don't see any captcha And I don't know why. Maybe, it's because my account is really old and they think I'm kinda trusted user (which I definitely am). Today I have withdrawn over 100k satoshi from the faucet, so right now I have a little over 3k, i.e. just enough to pay my referrals (I remember about you, boys, don't worry), and there is still no captcha for me. But that's a good thing anyway, therefore I don't mind There's nothing in the calculation about the age of the account. It is just a formula taking the ratio of free winnings against wagered amount and balance. The balance requirement is capped at $100 so older accounts are not penalised for the high free winnings they accumulated when the BTC price was much lower. |
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