Why Freebitoin.in is a fraud

[KLarisa]

Yes of course it is possible to loose. EVen if loosing 13 times in a row occured 4 times in about 1000 rolls (with 0.005%). That's why I checked stop betting after loosing x bitcoins. And if that functionality worked several times, it didn't the last one. And it spent all my coins on the site. I verified it was checked (could have forget it). This is the point which made me write this post. Not the bad luck.

[wetsuit]

The "stop after loss" can never stop at an exact amount because it does not know what your next bet size will be.

For example, you are using a simple martingale strategy with bets increasing 2x and you have set stop loss at 1,000 satoshi. Suppose you have already lost 998 satoshi, it is still under 1,000 satoshi so auto-bet will keep running. Now if the next bet is 200 satoshi and you lose, then your total loss is 1,118 satoshi which is > 1,000 so it will stop. So, you will end up losing 118 satoshi more than the stop loss amount in this instance.

This is not something different, almost all the dice sites I know implement stop-loss in this manner.

[eternalgloom]

I've never won anything on that site. So I don not recommend it. I was playing it every hour lol even bought 5000 tickets for lottery every week but still no luck I've been on that site for more than 6 months now.

You know that 5000 tickets on freebitco.in are basically nothing, right? This round alone there have been 29 million tickets sold...

And to OP and anyone else calling fraud when they lose due to variance: gambling might not be for you
Fraud probably does exist with some dice sites, but not with the ones that have a provably fair system (one that's actually provably fair).

[TheUltraElite]

I've never won anything on that site. So I don not recommend it. I was playing it every hour lol even bought 5000 tickets for lottery every week but still no luck I've been on that site for more than 6 months now.

You know that 5000 tickets on freebitco.in are basically nothing, right? This round alone there have been 29 million tickets sold...

And to OP and anyone else calling fraud when they lose due to variance: gambling might not be for you
Fraud probably does exist with some dice sites, but not with the ones that have a provably fair system (one that's actually provably fair).

Well I have been using this site for the faucet for sometime now, I hate gambling and didnt even place any bets on the dice game. The site has been paying well since 2013 and I trust this site's provably fair system and that the rolls are mathematically not manipulated albeit the house edge is a bit high for sure.

Those who lost in the dice game, simple stay away from gambling. Dont go around calling it a scam site.

[NeuroticFish]

You should stop gambling. Really.
There's no real winning strategy in gambling.

  1 is it realy possible to lose 13 times in a row when you have 47% winning ?

Yes. Even 100 times is possible.
The 47% you see there is a number you have to understand. It means that you have infinite money and play infinite rounds, you will win 47% of times, whatever you click.
Good luck counting to infinite.
(PS. I know that I oversimplified it, but I did it for pointing it out clear)

  2 when you check "don't refresh page" it doesn't care
   3 stop betting limit will never be accurate...at all.
   4 when you reach at about 2 times your deposit, stop betting limit will simply stop working (not only inacurrate).

They can always claim it's a bug and will be fixed soon.


It's hard to prove they do scam.
We all know they are somehow fishy - just read here and there that they are not provably fair.
I always enjoyed playing there, with their faucet money. This way I keep it at fun level and, while I never really won anything, I didn't lose either.
Not long ago they didn't even allow you deposit there. I think that they should have stayed at that level, but maybe they got greedy....

[beerlover]

Is there any site with the URL of freebitoin.in, I just checked on OP no where else it got mentioned other than in subject. Even it is understandable that which site is being targeted here, I believe it is more important to give right information, as it is accusation not just discussion. (even discussion needs right info).

[freebutcaged]

How can you lose 13 or more times in a row if you are betting on a different odd each bet? like 2 times on hi 2 times on lo and 1 time hi 1 time lo/ hi/ lo/ hi/ hi/ lo/ lo/ hi/ hi/ lo/ lo/ lo/ hi/ lo/ hi/ hi/ hi/ hi/ lo/ hi.

Now can someone give an estimation on the percentage that could happen and all with lose streaks?

[wetsuit]

You should stop gambling. Really.
There's no real winning strategy in gambling.

  1 is it realy possible to lose 13 times in a row when you have 47% winning ?

Yes. Even 100 times is possible.
The 47% you see there is a number you have to understand. It means that you have infinite money and play infinite rounds, you will win 47% of times, whatever you click.
Good luck counting to infinite.
(PS. I know that I oversimplified it, but I did it for pointing it out clear)

  2 when you check "don't refresh page" it doesn't care
   3 stop betting limit will never be accurate...at all.
   4 when you reach at about 2 times your deposit, stop betting limit will simply stop working (not only inacurrate).

They can always claim it's a bug and will be fixed soon.


It's hard to prove they do scam.
We all know they are somehow fishy - just read here and there that they are not provably fair.
I always enjoyed playing there, with their faucet money. This way I keep it at fun level and, while I never really won anything, I didn't lose either.
Not long ago they didn't even allow you deposit there. I think that they should have stayed at that level, but maybe they got greedy....

We have been provably fair for about 3 years now. All rolls can be verified by clicking the "PROVABLY FAIR" link on both the free btc and multiply btc page.

[NeuroticFish]

We have been provably fair for about 3 years now. All rolls can be verified by clicking the "PROVABLY FAIR" link on both the free btc and multiply btc page.

Hm. You're right. Apologies.
I've come over quite a number of complaints that it's not provably fair, but since I don't care much of that while I have fun, I didn't check.
Whether the complains are from people good at math or from people that don't know how to lose at gambling I cannot tell. But I should have checked indeed.

[carriagehoodlum]

I realy have not idea for playing dice on freebitco.in .
Then've The chance of losing 13 times in a row with a 47% win? Wow that's was crazy, but this may you can verifying for this game, not realy you will always safe for playing. NEVER playing dice if you've not knowing about this and this for rigged.

[absy]

Hi all,

Freebitcoin is mentioned there and there. So I tried. And particularly multiply with HI LO game. It seemed honest (what they say), and I have technics to win with HI LO. Even if wondering how one can make a business with so easy winning technics. Well. Tried going manual mode a little. ok. Beyond probability statistics but manageable. So I tried auto bet. Doubled my deposit, going with very little matchs (100 - 1000). What is important in money games is knowing when to stop. So I put a stop betting at 1/4 of my money. Also checked don't refresh screen (because every hour it refresh to free coins screen so if you are on a big bet because loosing...sry for you). Also put a "stop betting after" when you lose x limit: stop:

Well 4 facts here:
   1 is it realy possible to lose 13 times in a row when you have 47% winning ?
   2 when you check "don't refresh page" it doesn't care
   3 stop betting limit will never be accurate...at all.
   4 when you reach at about 2 times your deposit, stop betting limit will simply stop working (not only inacurrate).


So you can try. And have a little hope. And a little wasted money. Up to you. By the way, I have sreenshots of that, will be posted there and there, and nothing to earn warning you with so long post.

It may be a bug or some glitch but one thing I can assure you , it is "possible" to lose 13 times in a row at 47% chance . I used to run bot all day long at 45% chance with good bankroll and guess what every two days once , I used to loose 20 times in a row .

[bajing]

Yes, it is possible to lose 13 times at 47% win chance, I have seen people losing more than 13 times at 50% win chance, I think it is the luck that matter, but whether freebitco.in is fair or not, no one knows

Sometimes that's make us think about true or not, the detail about probably fair on dice game because we don't understand even though has see the explanation.

[pawel7777]

How can you lose 13 or more times in a row if you are betting on a different odd each bet? like 2 times on hi 2 times on lo and 1 time hi 1 time lo/ hi/ lo/ hi/ hi/ lo/ lo/ hi/ hi/ lo/ lo/ lo/ hi/ lo/ hi/ hi/ hi/ hi/ lo/ hi.

Now can someone give an estimation on the percentage that could happen and all with lose streaks?

The chance of hitting 13 losses streak is the same as when you bet hi or lo for every bet. Mixing hi/lo won't increase your winning chances.

[satmas]

Freebitco isn't a fraud, it's just that you are very unlucky. You should expect this to happen when you play at any and all gambling sites(even the ones that have a provably fair system, although it isn't recommended to play at non-provably fair sites unless you are using a sportsbook).

[TheUltraElite]

Freebitco isn't a fraud, it's just that you are very unlucky. You should expect this to happen when you play at any and all gambling sites(even the ones that have a provably fair system, although it isn't recommended to play at non-provably fair sites unless you are using a sportsbook).

As much as I know, all reputable gambling sites are provably fair and can be proved that its true. Freebitco.in has a large House edge and that is why people lose a lot there. None of the rolls are manipulated and hence calling this site a scam is not justified.

[marlboroza]

   1 is it realy possible to lose 13 times in a row when you have 47% winning ?

I do that all the time  
You say you have 47% to win, but you also have 53% to lose, and tbh i've seen losing streak with 25 bets in row, so yeah, its pretty much possible to lose only 13 in row If you think its not possible, than everyone would play marginal 2X 100% raise bet on lose and all dice site would disappear in few hours.

[Gimpeline]

Did this ever get resolved?
Got the same problem.
1,5 Mbit stuck in freebitcoin.in and around 2000 doge stuck in freedoge.co.in
Try to send request to support and no answer

[pawel7777]

Did this ever get resolved?
Got the same problem.
1,5 Mbit stuck in freebitcoin.in and around 2000 doge stuck in freedoge.co.in
Try to send request to support and no answer

Did what got resolved? OP's "impossible" losing streak? Your stuck withdrawal issue is not relevant to this thread, if you get no response from customer support, try posting in the official thread: https://bitcointalk.org/index.php?topic=319540.0