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Author Topic: losing from freebitco.in  (Read 12293 times)
kotwica666
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November 04, 2016, 09:10:39 AM
 #141

I just want to share of losing my small btc.

I'm almost in my goal of .05BTC yet when I sleep last night I forgot that I clicked the auto bet because I want to try some,  I went to my bed start dreaming, then when the morning comes, I saw my computer still open and when I saw the tab of the site there you go the surprise Shocked Shocked Shocked Shocked..... no more btc left for betting... Cry Cry Cry

Just an advice mates!!

Don't you ever leave your computer open.. hahahhaha
but no joke, everything must be safe, though its just a little BTC still I expect that I can withdraw in my desired amount.
actually this is not your fault nor your computer also because the reason the reason behind the loss of your btc is inly the limit of house edge of the freebotco.in .
we can make only 5% Profit at this faucet site .

You make quite big mistake my friend.. 5% have house edge of freebitco.in - it means that service is earning 5% from all stakes.
You are right, that it was not fault of computer, but it was fault of player. Simply mathematics will show that in long run with 5% house you will always lose. But as in every lottery or dice in short term you can have some "good shots", and don't forget that this still is just faucet.. Smiley

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November 04, 2016, 09:12:50 AM
 #142

Is there any way to verified seed result on freebitco.in on your rolls?
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November 04, 2016, 01:38:36 PM
 #143

Is there any way to verified seed result on freebitco.in on your rolls?

https://s3.amazonaws.com/roll-verifier/verify.html




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November 04, 2016, 03:52:30 PM
 #144

I was active on this site for a while, I didn`t make 50 mbtc from their faucet, it`s more like 5 mbtc, and I lost it also on their auto betting. They have many active users there, I saw thread that someone hit 10 000 on their faucet and get more then 0.3 btc, I still didn`t hear that someone one their lottery, prize is very pretty and it goes to more then 2 btc for first place.
I don`t go there anymore, I saw their new reward system but I can`t say I like it. Good luck to others who think they can make something there, I tried and failed.

Their system is provably fair - as i know. They officilay say that house edge is between 3% and 5%. Everyone can play in other games if he want. Freebitco.in have very good opinion in Bitcoinworld, an till now nobody make any accussatin!
I wonder why they have such a high house edge, just from checking on this forum, I know that a lot of people just never deposit there because of that house edge.

Is it just so they can fund the people playing with the faucet claims, because advertising on their site doesn't bring in enough?

In any case, I think a site like Crypto-Games does it better, they have a much bigger faucet claim (plus the ability to level up), no advertising and a really low house edge under 1%

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November 05, 2016, 12:55:12 PM
 #145

I was active on this site for a while, I didn`t make 50 mbtc from their faucet, it`s more like 5 mbtc, and I lost it also on their auto betting. They have many active users there, I saw thread that someone hit 10 000 on their faucet and get more then 0.3 btc, I still didn`t hear that someone one their lottery, prize is very pretty and it goes to more then 2 btc for first place.
I don`t go there anymore, I saw their new reward system but I can`t say I like it. Good luck to others who think they can make something there, I tried and failed.

Their system is provably fair - as i know. They officilay say that house edge is between 3% and 5%. Everyone can play in other games if he want. Freebitco.in have very good opinion in Bitcoinworld, an till now nobody make any accussatin!
I wonder why they have such a high house edge, just from checking on this forum, I know that a lot of people just never deposit there because of that house edge.

Is it just so they can fund the people playing with the faucet claims, because advertising on their site doesn't bring in enough?

In any case, I think a site like Crypto-Games does it better, they have a much bigger faucet claim (plus the ability to level up), no advertising and a really low house edge under 1%

They don't want people to deposit money to their site as long as people who claim their money and lose back to the site then they will have a good profit at the end. They should be making a good profit from lottery system and with this game. If you want to gamble then should look for the site specially designed for gambling.
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November 05, 2016, 03:11:27 PM
 #146

I was active on this site for a while, I didn`t make 50 mbtc from their faucet, it`s more like 5 mbtc, and I lost it also on their auto betting. They have many active users there, I saw thread that someone hit 10 000 on their faucet and get more then 0.3 btc, I still didn`t hear that someone one their lottery, prize is very pretty and it goes to more then 2 btc for first place.
I don`t go there anymore, I saw their new reward system but I can`t say I like it. Good luck to others who think they can make something there, I tried and failed.

Their system is provably fair - as i know. They officilay say that house edge is between 3% and 5%. Everyone can play in other games if he want. Freebitco.in have very good opinion in Bitcoinworld, an till now nobody make any accussatin!
I wonder why they have such a high house edge, just from checking on this forum, I know that a lot of people just never deposit there because of that house edge.

Is it just so they can fund the people playing with the faucet claims, because advertising on their site doesn't bring in enough?

In any case, I think a site like Crypto-Games does it better, they have a much bigger faucet claim (plus the ability to level up), no advertising and a really low house edge under 1%

They don't want people to deposit money to their site as long as people who claim their money and lose back to the site then they will have a good profit at the end. They should be making a good profit from lottery system and with this game. If you want to gamble then should look for the site specially designed for gambling.

actually i think the opposite is true. they want people to invest in their site and lose. they no longer make enough money through just advertising ever since Google banned their account because it was in violation of their ToS.

why do you think there is all these different kinds of ways to spend bitcoin? the multiplier, the lottery, the points to buy gift cards,... and on top of that the huge house edge of 5% ensure their house always winning.

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November 05, 2016, 10:23:16 PM
 #147

I was active on this site for a while, I didn`t make 50 mbtc from their faucet, it`s more like 5 mbtc, and I lost it also on their auto betting. They have many active users there, I saw thread that someone hit 10 000 on their faucet and get more then 0.3 btc, I still didn`t hear that someone one their lottery, prize is very pretty and it goes to more then 2 btc for first place.
I don`t go there anymore, I saw their new reward system but I can`t say I like it. Good luck to others who think they can make something there, I tried and failed.

Their system is provably fair - as i know. They officilay say that house edge is between 3% and 5%. Everyone can play in other games if he want. Freebitco.in have very good opinion in Bitcoinworld, an till now nobody make any accussatin!
I wonder why they have such a high house edge, just from checking on this forum, I know that a lot of people just never deposit there because of that house edge.

Is it just so they can fund the people playing with the faucet claims, because advertising on their site doesn't bring in enough?

In any case, I think a site like Crypto-Games does it better, they have a much bigger faucet claim (plus the ability to level up), no advertising and a really low house edge under 1%

They don't want people to deposit money to their site as long as people who claim their money and lose back to the site then they will have a good profit at the end. They should be making a good profit from lottery system and with this game. If you want to gamble then should look for the site specially designed for gambling.

actually i think the opposite is true. they want people to invest in their site and lose. they no longer make enough money through just advertising ever since Google banned their account because it was in violation of their ToS.

why do you think there is all these different kinds of ways to spend bitcoin? the multiplier, the lottery, the points to buy gift cards,... and on top of that the huge house edge of 5% ensure their house always winning.
It is not provably fair in my opinion with  5% house edge and i think this site is just for advertising purposes plus he added this lottery just to get a revenue without losing money or increase their revenue..  Faucet is against the rules or terms from google adsense that is why their banning it.. but some people are still use google ads for their faucet but if some reported it can be ban and no revenue can be withdraw..

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November 05, 2016, 11:30:04 PM
 #148

I was active on this site for a while, I didn`t make 50 mbtc from their faucet, it`s more like 5 mbtc, and I lost it also on their auto betting. They have many active users there, I saw thread that someone hit 10 000 on their faucet and get more then 0.3 btc, I still didn`t hear that someone one their lottery, prize is very pretty and it goes to more then 2 btc for first place.
I don`t go there anymore, I saw their new reward system but I can`t say I like it. Good luck to others who think they can make something there, I tried and failed.

Their system is provably fair - as i know. They officilay say that house edge is between 3% and 5%. Everyone can play in other games if he want. Freebitco.in have very good opinion in Bitcoinworld, an till now nobody make any accussatin!
I wonder why they have such a high house edge, just from checking on this forum, I know that a lot of people just never deposit there because of that house edge.

Is it just so they can fund the people playing with the faucet claims, because advertising on their site doesn't bring in enough?

In any case, I think a site like Crypto-Games does it better, they have a much bigger faucet claim (plus the ability to level up), no advertising and a really low house edge under 1%

They don't want people to deposit money to their site as long as people who claim their money and lose back to the site then they will have a good profit at the end. They should be making a good profit from lottery system and with this game. If you want to gamble then should look for the site specially designed for gambling.

actually i think the opposite is true. they want people to invest in their site and lose. they no longer make enough money through just advertising ever since Google banned their account because it was in violation of their ToS.

why do you think there is all these different kinds of ways to spend bitcoin? the multiplier, the lottery, the points to buy gift cards,... and on top of that the huge house edge of 5% ensure their house always winning.

A lot of people are spending their money to buy lottery tickets and it is more the couple or few bitcoins every week. Until now no one knows how they pick up the winners so I feel that most of that money is going their won accounts and that is good profit for them every week even though they are not making money from advertisements.
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November 06, 2016, 10:47:04 AM
 #149

I was active on this site for a while, I didn`t make 50 mbtc from their faucet, it`s more like 5 mbtc, and I lost it also on their auto betting. They have many active users there, I saw thread that someone hit 10 000 on their faucet and get more then 0.3 btc, I still didn`t hear that someone one their lottery, prize is very pretty and it goes to more then 2 btc for first place.
I don`t go there anymore, I saw their new reward system but I can`t say I like it. Good luck to others who think they can make something there, I tried and failed.

Their system is provably fair - as i know. They officilay say that house edge is between 3% and 5%. Everyone can play in other games if he want. Freebitco.in have very good opinion in Bitcoinworld, an till now nobody make any accussatin!
I wonder why they have such a high house edge, just from checking on this forum, I know that a lot of people just never deposit there because of that house edge.

Is it just so they can fund the people playing with the faucet claims, because advertising on their site doesn't bring in enough?

In any case, I think a site like Crypto-Games does it better, they have a much bigger faucet claim (plus the ability to level up), no advertising and a really low house edge under 1%

They don't want people to deposit money to their site as long as people who claim their money and lose back to the site then they will have a good profit at the end. They should be making a good profit from lottery system and with this game. If you want to gamble then should look for the site specially designed for gambling.

actually i think the opposite is true. they want people to invest in their site and lose. they no longer make enough money through just advertising ever since Google banned their account because it was in violation of their ToS.

why do you think there is all these different kinds of ways to spend bitcoin? the multiplier, the lottery, the points to buy gift cards,... and on top of that the huge house edge of 5% ensure their house always winning.

A lot of people are spending their money to buy lottery tickets and it is more the couple or few bitcoins every week. Until now no one knows how they pick up the winners so I feel that most of that money is going their won accounts and that is good profit for them every week even though they are not making money from advertisements.

Actually the owner of the site posted on how they pick the winner on their ANN thread but actually i didn't know how it works, but for me i doesn't spend single penny on that site since im just betting some little money came from their faucets, and also that is their flaws, they need to announced who is their weekly winners so people may know who is the lucky winners of the said weeks, and i think your allegation is mightly true but nothing yet proven.

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November 06, 2016, 12:12:11 PM
 #150

I was active on this site for a while, I didn`t make 50 mbtc from their faucet, it`s more like 5 mbtc, and I lost it also on their auto betting. They have many active users there, I saw thread that someone hit 10 000 on their faucet and get more then 0.3 btc, I still didn`t hear that someone one their lottery, prize is very pretty and it goes to more then 2 btc for first place.
I don`t go there anymore, I saw their new reward system but I can`t say I like it. Good luck to others who think they can make something there, I tried and failed.

Their system is provably fair - as i know. They officilay say that house edge is between 3% and 5%. Everyone can play in other games if he want. Freebitco.in have very good opinion in Bitcoinworld, an till now nobody make any accussatin!
I wonder why they have such a high house edge, just from checking on this forum, I know that a lot of people just never deposit there because of that house edge.

Is it just so they can fund the people playing with the faucet claims, because advertising on their site doesn't bring in enough?

In any case, I think a site like Crypto-Games does it better, they have a much bigger faucet claim (plus the ability to level up), no advertising and a really low house edge under 1%

They don't want people to deposit money to their site as long as people who claim their money and lose back to the site then they will have a good profit at the end. They should be making a good profit from lottery system and with this game. If you want to gamble then should look for the site specially designed for gambling.

actually i think the opposite is true. they want people to invest in their site and lose. they no longer make enough money through just advertising ever since Google banned their account because it was in violation of their ToS.

why do you think there is all these different kinds of ways to spend bitcoin? the multiplier, the lottery, the points to buy gift cards,... and on top of that the huge house edge of 5% ensure their house always winning.

A lot of people are spending their money to buy lottery tickets and it is more the couple or few bitcoins every week. Until now no one knows how they pick up the winners so I feel that most of that money is going their won accounts and that is good profit for them every week even though they are not making money from advertisements.

Actually the owner of the site posted on how they pick the winner on their ANN thread but actually i didn't know how it works, but for me i doesn't spend single penny on that site since im just betting some little money came from their faucets, and also that is their flaws, they need to announced who is their weekly winners so people may know who is the lucky winners of the said weeks, and i think your allegation is mightly true but nothing yet proven.

it doesn't matter if they post the method.
in lottery it should also be following the same provably fair systems so that anybody can check it by going to the site and clicking on the provably fair system and inserting the hash codes. many of bitcoin users are not even on bitcointalk.

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July 12, 2017, 01:32:01 PM
 #151

never gamble what you cant afford2 loose
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July 12, 2017, 04:11:04 PM
 #152

It is not surprising that players are losing their bitcoins playing at freebitco.in as this site have a house edge of 5% which is very high, but wetsuit owner of freebitco.in have recently acquired kingdice.com and he have stated he would not be changing the house edge of the site which is at 1%, maybe users can play at kingdice.com instead of freebitco.in due to the lower house edge there.

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July 13, 2017, 08:54:25 AM
 #153

You should to know that by taking the decission to use the automatic bet it can make you lose because as long as you do not stop it then the program will continue to make the bet until your balance runs out. your not the one but most the people has play dice game having same experience as you.

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adaseb
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July 13, 2017, 09:09:37 AM
 #154

never gamble what you cant afford2 loose

Why did you even reply to this post. This topic has been dead for over a year. I don't understand why people find these old threads and bump them for no reason. I don't know if this site is still reliable. Their website is still up but looking at the amount of registered users makes it seems like it might be a fake scam site.

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Victorycoin
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July 13, 2017, 09:58:59 AM
Last edit: July 13, 2017, 01:53:02 PM by Victorycoin
 #155

You should to know that by taking the decission to use the automatic bet it can make you lose because as long as you do not stop it then the program will continue to make the bet until your balance runs out. your not the one but most the people has play dice game having same experience as you.
Autobet means one hands over control of game to a mindless machine and there have been many sad stories. From my personal experience, manual betting is safer and it is not just about this site. Some of the site I suppose deliberately omitted the feature to stop betting after losing a certain amount and that puts all one's balance at higher risk. If a site provides a stop-loss feature, don't leave autobet running without the option to disengage at critical times.
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July 13, 2017, 10:14:10 AM
 #156

Hi,

Do you have plans to close freebitco.in as you are now the owner of Kingdice.com?
Or you are planning both sites? Will you make a house edge correction on one or another of them?
Kingdice is a decent site, but freebitco.in is one of the first sites about bitcoin i've ever found Cheesy

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July 13, 2017, 02:10:28 PM
 #157

I have experienced it, I have laboriously collected from time to time claiming free bitcoin and then I tried to multiply it by playing dice in it and damn i losted it with more red. Well everything i collect from time to time feels uselessly. This is my carelessness, and i wouldn't to repeat it, that's very hurts to me.
That's a confirmed vicious circle and there doesn't seem to be any easier way to accumulate much just from faucet and cash out except to attempt multiplying it and then the obnoxious high odds, simply sees to it that every Satoshi given out and if there be more, is retrived. That is the business strategy at work here - the faucet earnings hardly leave the site, unless one's willing to waste tons of hours and days in gathering something to even meet the network fees and that's much I do about nothing, because there are more profitable use of one's time!
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July 13, 2017, 05:08:56 PM
 #158

I also lost all the earnings I got here following tricks from youtube videos. I didn't invest a single cent but time and effort can also be considered an investment. Am I right? But, it's okay...it's a lesson learned!

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July 15, 2017, 01:56:00 PM
 #159

never gamble what you cant afford2 loose

Why did you even reply to this post. This topic has been dead for over a year. I don't understand why people find these old threads and bump them for no reason. I don't know if this site is still reliable. Their website is still up but looking at the amount of registered users makes it seems like it might be a fake scam site.

I think new provably fair system which is the reason people bump it from the graveyard. May be you should try to check on their website sometimes. See how they make their lottery system provably fair, and about their hi-lo games, I do not think that it is a scam, they just have huge house edge so it is provably fair too
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July 15, 2017, 09:35:28 PM
 #160

I also lost all the earnings I got here following tricks from youtube videos. I didn't invest a single cent but time and effort can also be considered an investment. Am I right? But, it's okay...it's a lesson learned!

What kind of tricks are you talking about? Are you talking about some kind of cheat?! Can you post the Youtube links please?

Sure time and effort are valuable, but you should never try to use "shortcuts" or find "easy"ways to earn some cash, good to hear you have learned your lesson, play fair and enjoy gambling next time.
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