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2261  Economy / Micro Earnings / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 23, 2018, 07:26:53 AM
Okay but that's why I asked, in your answer you tell me that for all the bonuses and that's what I was referring to ... In freedoge.in there is NO bonus of any kind, besides if I'm not misinformed the admin said they were working on unifying freedoge.in and freebitcoin.in .... I do not understand then. Thanks for responding equally.

All the bonuses on freebitco.in are funded from the income from the gambling. There isn't enough income on freedoge.co.in to do the same.
Yes, eventually they will be merged but that is a long way down the list of developments. I know Doge seems to get neglected but from a business perspective that is because it doesn't make much profit for us.
2262  Economy / Micro Earnings / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 22, 2018, 11:31:43 PM
And I ask myself a question ... so much that the admin of freebitco are excused in that the margin that they have of 5% for the house is for the prizes, RP bonus and these "prizes" because in freedoge.in that is of the same they have the same% for the house since he never had any points or prizes or anything ...? Any substantiated answer?

Doge doesn't attract nearly as many gamblers and is mainly used by free players and bots. It just about breaks even as it is. The amount deposited and wagered is what funds the free plays and all the bonuses and it just isn't there in a large enough amount to do that.
2263  Economy / Micro Earnings / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 22, 2018, 03:03:43 AM
LOTTERY ROUND 177

   USER ID    AMOUNT WON   USER TICKETS
1 13402098   0.33201758        610,273
2 11483508   0.16600879        980,525
3 16432799   0.08300439        78,554

It looks like some big gamblers got lucky in the lottery this week.
2264  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 22, 2018, 12:44:43 AM
i love this site, truly trusted..
I'am in
Go through me Roll Eyes and you will like it even more.
I mean register off the links in the signature of mine, its a good gig I think.
Some extra 50% of your clicks will get given back, deposit percentage is also given back at 25% rate.
I think its a rare thing. Only catch is that Im making reward points of your clicks.
But there is also a special deal for the lottery, check the more info link.

Shameless self advertising is now over Smiley 

That reminds me that our generous referral income of 0.4% of wagered amount, 50% of free winnings and 25% of interest earned also are part of the overall value calculation as well as everything mentioned before. The other factors involved seem to be going over the heads of the more simple minded people here.
2265  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 21, 2018, 08:02:14 AM
This type of demanding happens when a newbie start to play gambling without knowing its outcome and resulting in getting investment to zero and then start to blame the site and cry like a child who demands his toy which got broken from him and blames the manufacturer for defects. Smiley

But who’d want to gamble on freebit anyway. I’m sure a lot of people doing it are doing it as a donation to the site when really all they’re doing is making the 5% house edge more profitable.

The reason the won’t reduce the house edge it because of how profitable it is and how many people they can draw in who don’t know anything about it.

I suppose many would still gamble there because of the faucet and the fact that they can get free bitcoin which they can withdraw with a very low fee (less than 1000 satoshi fee). and also the fact that using this site gives you a lot of other beneficial points such as the free participation in a lottery with a chance of winning a lot of money. not to mention the high referral reward and the 100% guaranteed investment profit which is unlike investing in gambling sites where you win one day and lose another.

besides there is not that big a difference between 1% and 5% house edge. we are talking about rolling a number between 0 and 4750 versus rolling a number between 0 and 4950 (assuming you bet lo). how many of your rolls actually fall between 4750 and 4950?

Yeah, just looking at the HE alone is missing the bigger picture. All those things you mentioned have to be factored in to get the overall value. We're actually very competitive with other sites but we just do things in a different way, the same way as nearly all conventional casinos do it.
2266  Economy / Micro Earnings / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 21, 2018, 12:13:13 AM
14 losing streaks in a row... sometimes is hard not to believe in all those accusations =//

14 at 2.5x and you're surprised?Huh

Yeah.. I used a calculator that you sent some time ago and probability would be 0,1%...

The calculator I use is this one. http://completecurrencytrader.com/streak-probability-calculator.php

To get anything meaningful there is no point just looking at the probability of 14 out of 14 bets having a particular result as in reality nobody only ever makes 14 bets. You also need to consider the sample size, total number of bets, to find out how likely something is to occur. I usually look at 10,000 as the sample to give a reasonable comparison. In this case, the result is a 43.7% chance of hitting a 14 streak.



as Reward Points are some kind of achievements we gather by using your services, it will be nice if we could redeem them in a different way, by redeeming them it would be nice if we can get the benefit 24 times, and not get the benefit within 24 hours...
Its just a suggestion, i know your biggest daily concern is with bots, but it will give us normal users a massive incentive boost.
Bots does not care, if they beat your sistem they will redeem bonuses once evey 1h, but when a genuine player decides to redeem a mayor bonus, he will have to put an alarm clock for every hour if he want to benefit for it, and if you do collect your bonus everytime for 24h, you are marked as a bot... (as i read in the past comment section that you can only free roll a limited times a day, otherwise you will get restrictions, if you spin 24/7 you are marked as a bot)
Ive been with you for years now, i remember when free rolls were 700sat/h, you always paid when i made a withdrawal, i cannot lose money with you,cause in the end i took out more that i put in.
So why do i bother talking?
Cause i love your wallet, the 4% interest is nice if you have balance, i hold money in a bank that gives me 6% annual, so you cant be that aggressive pyramid scheme...
I know that there is no way to trust freebitco.in in the end, but id really want to see wetsuit in real life, ill be investing much more, very much... but i have to see the person in the eye,

The margins on RP redemptions are calculated based on how many rolls the average player will make. If we were to change the system so that everyone always got 24 then we would have to reduce the reward to compensate.


2267  Economy / Games and rounds / Re: Big wins at FreeBitco.in on: October 20, 2018, 03:36:50 AM

Congratulations. $5 reward given.
2268  Economy / Micro Earnings / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 20, 2018, 02:14:31 AM
14 losing streaks in a row... sometimes is hard not to believe in all those accusations =//

14 at 2.5x and you're surprised?Huh
2269  Economy / Micro Earnings / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 19, 2018, 02:09:10 AM
User ID: 10561632
Got this message some hours ago "probably", because I stopped activity on my computer past hours to do other things: "Sorry, your IP address or account has been blocked from the FREE BTC game. You may use the rest of the website as usual."
Can you solve it?

You were blocked because you were using a public proxy server. Try using your normal IP address.
2270  Economy / Micro Earnings / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 18, 2018, 01:19:10 PM
Does it mean I can invest in over $ 50 to be able to use the rewards of the page?

Keep a balance above $50 to access all the RP bonuses. You'll need less if you also play Hi-Li, Jackpot or buy lottery tickets.
2271  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 16, 2018, 04:11:35 AM
Exactly! They are so happy to take winnings when they win, and god imagine if they win some million dollar jackpot that they will ever question the improbability of it. But when the more likely outcome happens (which is they eventually lose) then they get so angry and question the nature of logic.

We all gamble, knowing that it is more likely to lose, than to win big. But that's part of the appeal. To somehow make it when we're supposed not to. And that's sort of the beauty of it too!

Yeah, I've had many demanding a refund of their losses but I'm still waiting for the first big winner to come and offer to pay it back.  Wink
2272  Economy / Micro Earnings / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 15, 2018, 11:38:01 PM
does anyone else have a reduced base roll amount like 10 sat ?
anyone knows why this is happening
I'm still getting ~30 Satoshi. To get this reward you need to play Multiply BTC game or buy Lottery tickets. You also can deposit BTC to your Freebitco.in account, but I don't remember how much exactly it's needed. @TheQuin will clarify it probably.

You can keep a balance of above $50 equivalent and you'll get full reward even if you don't wager. The rest of the calculation is a ratio of free winnings versus amount wagered.
2273  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 15, 2018, 11:22:19 AM
Enth, people show you the math, you have to learn to accept it. A 0.06% chance means you can see this happening 1 in 1667 times. You know how EASY that actually is especially on autobet? I can roll about 100 in less than a min, so if I roll an hour, I would definitely see this happen several times

You actually admit it yourself. You said "almost impossible", and you said "94% chance to win".

You want to see 94% chance to win losing bets everyday? Check sportsbooks and see 1.01 odds teams lose.

That's really the whole point of gambling, anything can and will happen. It's a bit sad to see people like Enth that can't grasp the basics like that.
2274  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 15, 2018, 12:59:05 AM
Just see screenshots

It doesn't change anything. Those losing streaks are quite normal as anyone with a basic understanding of mathematics would know. Even when someone actually does have a losing streak with a low probability of happening that doesn't mean they were cheated it means they were unlucky.
2275  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 15, 2018, 12:39:56 AM
This losing streak like that is almost imposible. And this is not 36 in a row, this is 51 in a row streak. From the 30 bet chanse to win is more than 94%, tottally 21 bets with chance more than 94%

TheQuin return my money, stealer!

Lol, make your mind up. You said 36, then 37 and now it is 51!!

Any way you want to make this up as veleten pointed out earlier 70 is quite easy on a 7x multiplier. I'm sorry that you are not suited to gambling or understanding probability.
2276  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 14, 2018, 11:26:21 PM
What about you talk? They stole money. 37 in a row is red. 37 CARL. Did you see this? Answer from TheQuin is amazing - you play with marginal strategy. When i bet 1 sat. i play with marginal strategy, of course. Then he talk that i play auto-bet. Then he silent, beacouse he stole money

TheQuin return my money!

I gave an example to show that if you understood what you were doing you should know that a losing streak like that is almost inevitable. You gambled and you lost, there are no refunds in gambling, not even for the numerically challenged.
2277  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 14, 2018, 12:27:37 AM
Very intresting, where did you see martingale strategy? Where did you see auto-bet?

I didn't. I gave an example that shows how frequently that sequence of results will occur. It is highly probable that betting on 7x will result in 36 losses in a row.
2278  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 13, 2018, 11:16:53 PM
educate yourselves about probability and streaks
at least enter your data here and see how big a bank you got to have to sustain a certain streak:
https://dicesites.com/tools  (this tool is with 1% HE ,so factor this in if you plan to gamble at freebitcoin,which is 5% HE)
90 reds in a row on a 7x is rare but possible and 0.01-0.04 btc if you look at the screens is what he has been betting

That dicestites calculator is designed to give the probability of a martingale strategy busting a particular balance. To find the probability of a losing streak occurring you also need to factor in the sample size of bets. I usually like to look at the probability of a streak occurring in 10,000 bets as that's a fairly normal auto-bet session.

http://completecurrencytrader.com/streak-probability-calculator.php#book_wrap

In this case it gives 100% chance.



Even reducing it to just 2,000 bets gives 76.9% chance of losing 36 times at 7x.




It would be far more remarkable not to get a 36 streak.
2279  Economy / Games and rounds / Re: Big wins at FreeBitco.in on: October 13, 2018, 04:48:05 AM

Congratulations but we need a screenshot of the win on the FREE BTC page to qualify for the $5 bonus.
2280  Economy / Gambling discussion / Re: Have you ever won a prize in Freebitco.in Lottery? If yes, how much? on: October 13, 2018, 04:45:44 AM
Lottery prizes depend on how many tickets have been delivered. When first prize was over 2 btc, there were moire than 1B tickets, most of them from bot accounts (many 15xxx winners with ~25k tickets).
Bots have been banned, so now number of tickets has decreased, so has the prizes.
Personally, I aslo suspect the site owners to have decreased prizes of lottery to finance their gambling contest. But I have no evidence about this, only my opinion.

We didn't decrease anything to pay for the wagering contests, that's self-financing as it increases turnover. The reduced lottery prizes are purely from getting rid of the bots that were targetting the lottery by spending all their free winnings on buying tickets.
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