freebit.co.in multiplay system

[fox19891989]

Firstly, you bet with martingale system? So you had 21 losses streak? Wow, sorry for your losses, 0.55btc is not a little money, sorry...

how about house edge there? I remember the house edge there is higher than 1%, and it is a faucet site, not a dice site, so you can play dice in a provably fair dice site, but not this faucet site. Besides, there are many dice sites have faucet, you may love it. 

well that's the weird point , I can understand that martinagle may surprise people and everyone won't believe that it's not safe unless he tried it first
but I can't understand why to play in it , you have to roll over 52.50 in order to get X2
their house edge is really terrible and you can at least reduce the chance of busting by playing in a good dice site
people here calculated his streak using a normal dice calculator , but the odds are actually way bigger due to their house edge

Wow, the house edge is very high, to roll over 52.5 to get 2X means the house edge is 2.5%*2 = 5%, OP is not clever actually, at least he doesn't know math,    playing a 5% house edge dice game is not a good choice, there are general 1% dice sites which he can spend. And if I have to play a 5% house edge games, I may choose slots cos some slots can give your bonus round and get over 10X of the bet, much better than this ridiculous high dice game.

[chaser15]

So guys how do you know or how sure you are that those popular dice site "really" have provably fair and "sure" house edge given? Is there a way?

If a site is really provably fair, it should clearly documented how the bet result is generated and how the gamblers can check if the site has modified the result.
For example, on many sites, the rolled number is generated using a documented algorithm with server seed (set by the house), client seed (set by you) and nonce (a number to be increased by 1 after each bet). Furthermore, the server seed hash has to be revealed to the gambler before the bet is made, and the server hash has to be revealed afterwards.
With these, the gambler can verify if 1) server seed has changed and 2) the rolled number is really generated correctly.

House edge (%) = 1 - expected value (%) of the bet
So if the bet multiplier is 2 and the win chance is 49.5%, you will know the expected value is 2*49.5%=99% and the house edge is 1-99%=1%.

Oh sh*t what a math lol. So confusing haha. I will read this many times lol.

[FanEagle]

So guys, what's OP result at the end? did he tried a method of something or not?

[harizen]

So guys, what's OP result at the end? did he tried a method of something or not?

He lost as stated in his first post :

Just lost 0.55 btc. I divided my whole amount to 2 milion parts that is only 27 sathoshis per roll and i put it on autobeting whole night but i had 21 consecutive loses on "double your bet on lose" thing.  I thought that there is no chance to lose 21 consecutive time but i guess there is.fuck me,fuck freebit.co.in fuck everything. Are they really "provably fair" or thats a crap?

First of all he tried it in freebitco which known for one of the best bitcoin faucets but not as a dice site.

[FanEagle]

He said he was gonna try another time martingale with another 0.5 later on so that's why I asked.

[patt0]

Probably fair means - either you win or loose. 21 red streaks is nothing, I heard about 50 red streaks  Regarding martingale method - it is very hard to say - it is good or not. If people win,they say martingale is best, if they loose, they say martingale always loose. 

50 red streaks? Are you sure? Man the odd of that should be like winning the lottery (but in this case it would be bad xD)

[Phildo]

What strategy do i suggest?

I suggest playing a game where your strategy can make a difference. Dice games are luck, the only way to beat them is to be lucky, and that will be very hard to do because the math makes it so that it's a LOT easier for the casino to be lucky.

The only strategy to win at dice is to not play. Play poker, blackjack, or sportsbetting where you can make a +ev bet/decision every once in a while. If there was a strategy to beat the dice sites they would be broke already.

[theorcaguy]

Mathematically you can will lose 21 times in a row once every 4194304 rolls, and 4mil aren't that much if you've been leaving it open all night.

Also why play on a site with such a huge house edge?

[lexuz]

Probably fair means - either you win or loose. 21 red streaks is nothing, I heard about 50 red streaks  Regarding martingale method - it is very hard to say - it is good or not. If people win,they say martingale is best, if they loose, they say martingale always loose. 

So everybody still call dice game is fair game i think 50 red streak is answer provably fair or not dice game and for me 50 red streak of course not

[Dennis7777]

Mathematically you can will lose 21 times in a row once every 4194304 rolls, and 4mil aren't that much if you've been leaving it open all night.

Also why play on a site with such a huge house edge?

Seems like your 4 mil number is wrong.
In a 0% HE situation, you will lose 21 times in a row with a chance of 0.5²¹ or 1 in 2,097,152.
In a 5% HE situation, you will lose 21 times in a row with a chance of 0.525²¹ or 1 in 752,757.

[tuvok007]

He said he was gonna try another time martingale with another 0.5 later on so that's why I asked.

  No more freebitco.in for me, they are only good for faucet. I"ll use primedice and betterbet but only with milion or two satoshis. Like someone said few posts earlier, there is no strategies in gambling,its jut about luck. For you or more often for casino. Lol.

[pooya87]

Probably fair means - either you win or loose. 21 red streaks is nothing, I heard about 50 red streaks  Regarding martingale method - it is very hard to say - it is good or not. If people win,they say martingale is best, if they loose, they say martingale always loose. 

So everybody still call dice game is fair game i think 50 red streak is answer provably fair or not dice game and for me 50 red streak of course not

it depends on the odds of winning on a ~50% chance win the maximum losing streak is around 31. i doubt that 50 loss is even possible with those odds on a "fair game"

[wadili89]

Probably fair means - either you win or loose. 21 red streaks is nothing, I heard about 50 red streaks  Regarding martingale method - it is very hard to say - it is good or not. If people win,they say martingale is best, if they loose, they say martingale always loose. 

So everybody still call dice game is fair game i think 50 red streak is answer provably fair or not dice game and for me 50 red streak of course not

the rule is not about the red streak any betting site have one rule which you must follow which is only invest/bet that amount which you can loss without killing yourself or crying so always play safe and only invest that amount you are confortable with and ofcource with big bets you can loss big or also big win

[srgkrgkj]

Probably fair means - either you win or loose. 21 red streaks is nothing, I heard about 50 red streaks  Regarding martingale method - it is very hard to say - it is good or not. If people win,they say martingale is best, if they loose, they say martingale always loose. 

So everybody still call dice game is fair game i think 50 red streak is answer provably fair or not dice game and for me 50 red streak of course not

the rule is not about the red streak any betting site have one rule which you must follow which is only invest/bet that amount which you can loss without killing yourself or crying so always play safe and only invest that amount you are confortable with and ofcource with big bets you can loss big or also big win

seconded also withdrawing once you hit a set target is also a good idea as otherwise youll keep going thinking ur luck will never run out and when it does youll have lost much more than you bargained to talking from experience lol :O

[DJ Crypto]

Well, I am done with that site!!!

I have tried all possible ways and strategies and always lose. The last attempt I have done I have put on my balance 1.6 btc. I have bet 1 satoshi with a multiplier of 3 and raisding my bets 2x on each loss on autobet for 20000 games and it busted after 24 streaks.

No matter what game style I use in this site in the long run I always lose so in the end I just gave them 3 btc.

In the end these sites are made to win and not let you win! In other words... Scams!

[GrandmaJean]

Well, I am done with that site!!!

I have tried all possible ways and strategies and always lose. The last attempt I have done I have put on my balance 1.6 btc. I have bet 1 satoshi with a multiplier of 3 and raisding my bets 2x on each loss on autobet for 20000 games and it busted after 24 streaks.

No matter what game style I use in this site in the long run I always lose so in the end I just gave them 3 btc.

In the end these sites are made to win and not let you win! In other words... Scams!

first of all who would put 1.6 bitcoin on a faucet just to gamble it? secondly its pretty easy to get 24 looses in a row toss a coin a few thousand times and you will see it if you cant believe it

[apriyani420]

why so much people are still using martingale betting system when its much more profitable to do bets on your own and monitor your looses and dont loose too much?

[Dennis7777]

Well, I am done with that site!!!

I have tried all possible ways and strategies and always lose. The last attempt I have done I have put on my balance 1.6 btc. I have bet 1 satoshi with a multiplier of 3 and raisding my bets 2x on each loss on autobet for 20000 games and it busted after 24 streaks.

No matter what game style I use in this site in the long run I always lose so in the end I just gave them 3 btc.

In the end these sites are made to win and not let you win! In other words... Scams!

If you want to gamble your bitcoin, you should play on a dice site with 1% or lower house edge rather than freebitco.in with 5% house edge.
Also, dice is just about luck. There is no point in using strategy or game style.

[sana9821]

Well, I am done with that site!!!

I have tried all possible ways and strategies and always lose. The last attempt I have done I have put on my balance 1.6 btc. I have bet 1 satoshi with a multiplier of 3 and raisding my bets 2x on each loss on autobet for 20000 games and it busted after 24 streaks.

No matter what game style I use in this site in the long run I always lose so in the end I just gave them 3 btc.

In the end these sites are made to win and not let you win! In other words... Scams!

If you want to gamble your bitcoin, you should play on a dice site with 1% or lower house edge rather than freebitco.in with 5% house edge.
Also, dice is just about luck. There is no point in using strategy or game style.

good point about the house edge, as its ridiculously big, even some slots have lower edge, also using martingale is a bad idea as people get like 40 looses in a row on 50 per cent win chance

[Phildo]

Well, I am done with that site!!!

I have tried all possible ways and strategies and always lose. The last attempt I have done I have put on my balance 1.6 btc. I have bet 1 satoshi with a multiplier of 3 and raisding my bets 2x on each loss on autobet for 20000 games and it busted after 24 streaks.

No matter what game style I use in this site in the long run I always lose so in the end I just gave them 3 btc.

In the end these sites are made to win and not let you win! In other words... Scams!

There is no strategy to beat a 100% luck based game. You found a strategy that will make you lose, and you would have known that with a little bit of reasearch