FreeBitco.in is High-Low game is a sham

[BitcoinWatcher]

It's totally a scam. They have real legit odds your first 10 rolls but if you're using a double up strategy (have a base bet and keep betting high/low repeatedly doubling your bet until you win then start with base bet again) it works just like roulette odds black/red in the casino where you should win by the fourth or 5th time of placing bets on the same color. However I tried this three times in a row with the free give out. The first 10 rolls will work like the odds should then after the site notices you're winning more BTC than you lose it suddenly rigs the game to land somewhere not in your bet until you run out of BTC. I literally lost 5 and 6 times in a row each time betting on the same side and lost that many times in a row. No fucking way, the odds of that are ~(1/2)^n [the actual base would be more like .525 rather than .5 because they have a 5% advantage] where "n" is the number of times a coin lands on the same side in a row (or in our example numbers that are higher or lower than 5000 where each represents a side of a coin) where getting n=5 times of landing on the opposite side is less than 3% likely and n=6 turns is under 2% and it happened every single time I've played the game after my free satoshi and then when I decided to test it three hours in a row it happened three times in a row where each time it was under 3% likelihood so 3%*3%*3% = .0027% maximum probability of these three attempts ending with 5 or more times of the wheel hitting low or high in a row. On other attempts I alternated and somehow again it would end up with me taking a loss that many times in a row. It's crazy. If you use that site for free BTC don't make more than a couple bets because after you play so many bets with honest odds it gets rigged against you. Just collect the free BTC if you want to keep it. They must be making a killing. The odds should be close to roulette and blackjack (assuming unadvantaged players) and I've spent 3 hours in the casino playing blackjack and came out doubling my money before multiple times using the same betting scheme I did on this site.

I'm only making this conclusion after thoroughly testing it for myself. It's very believable to me they would set it up where it will be honest for the first few turns to get gambling addicts hooked and then switch rig the game after so many turns so people don't really keep their 72 satoshi and end up wasting time visiting that site because they always lose their money. I actually programmed a simulator in java to see if I could reproduce that in a simulation using my strategy and about 48% of the time I won like I should have and had zero times of the numbers being high or low 6 times in a row after 1000 games were simulated, though there were a couple 3-peats and 4-peats. Just thought I'd make others aware to avoid the frustration I had trying out different faucets.

[askabir6]

You give wrong information

[HKGolden]

Be clear on that even you lost in your last roll,
the probability is still 5050 in your next roll...nth change for your next roll

Although the ''chance'' is low for lost in a row (in Maths), but it is still possible.

[BitcoinWatcher]

How? I only used a base of .5 because that would be a easy rough estimate if you were trying to make a quick estimate to the probability. A base of .525 likelihood of the site winning the same side each time. .525^n is the true probability of you losing n times in a row betting on the same side, you learn this in high school Algebra and in detail in an introductory statistics course. Statistically there is only (.525^4)^3 chance of having 3 outcomes where n>4 in a row. Thats why in real life I tend to beat the casino by having enough money to keep doubling my bet everytime I lose until I win going in with only $100 playing blackjack everytime in real life but never with 72 satoshi on this site.

[madwica]

I think you know that gambling is based in your luck, if you are not lucky you will loose but if you are lucky you can win, gambling also is not profitable it is just for fun but if you are looking for a profit gambling is not ideal for that, most of the users said that site is scam if they lost not only freebitcoin even other trusted site. Those users are insane.

[Nomad88]

Another angry freebitco.in user. Just because he was unlucky he wants to blame the website and make people think that it is a scam. In fact, even himself knows the fact that it is a legitimate site. It is simple mat. Odds are little lower compared to other dice and gambling sites, but it is " PROVABLY FAIR ". Please if you can´t handle loosing, don´t play again.

[marlboroza]

I literally lost 5 and 6 times in a row

5-6 times in a row is really nothing. I know some players had more than 20 in a row.

Your method is called martingale. It's worst method ever with only one outcome - lose.

Don't blame site, because it is provably fair although i don't like their big house edge.

Next time be smart - DON'T use martingale - there is no secret method to win. Either you are lucky or not.

[BitcoinWatcher]

I think you know that gambling is based in your luck, if you are not lucky you will loose but if you are lucky you can win, gambling also is not profitable it is just for fun but if you are looking for a profit gambling is not ideal for that, most of the users said that site is scam if they lost not only freebitcoin even other trusted site. Those users are insane.

Luck or not its still ultimately math. There are strategies based on changing bets that actually work and I do pretty damn well in IRL casinos at blackjack which has similar odds just by that bet strategy. I've also ran simulations with java. If you ever took a statistics course it will tell you that reality tends to match the probabilities. It's satoshi, not even a cent so its not a big deal to me, I'm just saying for anyone that actually wants to make money from the site just stick to collecting the free satoshi every hour and do maybe 10 bets before it starts skewing the odds. It's pretty easy for them to have a "if (play has won x satoshi or player has won x turns then make random generator only use numbers in the range not choosen by player for x turns)". It's not very hard to do..

[svirby]

If you play on dicesites you should know that you can get up to 40 reds when you bet 50%.

In the long run it will be close to 50% wins.

[Rinaze]

I literally lost 5 and 6 times in a row

5-6 times in a row is really nothing. I know some players had more than 20 in a row.

Your method is called martingale. It's worst method ever with only one outcome - lose.

Don't blame site, because it is provably fair although i don't like their big house edge.

Next time be smart - DON'T use martingale - there is no secret method to win. Either you are lucky or not.

Lol, if gambling is this easy then people won't be encouraging each other not to gamble and the world would have more professional gambler as a job. Most gambling games is in favor of the house and only a selected few are like 50:50. 5-6 times is definitely nothing!

[BitcoinWatcher]

You ever heard of counting cards and table bias? Blackjack is gambling if you're just the average person but you can actually manipulate the odds with strategy because there are people who make millions off blackjack and roulette tables they discovered the bias of. The law of averages says if you use a strategy that changes the odds (which counting cards and bet rules changes ever so slightly into your favor) will over time reflect what it should be according to probability and therefore over time you win more than you lose and make millions. Just take a Google search. There are people who have done it. I havent made millions but I've just started going to casinos and only play blackjack and roulette and I've walked out with at least double my money everytime stating with $100 and $5 base bets.

I didnt find that site to gamble, I actually just was looking at the different bitcoin faucets and thought those features were interesting on the site. I clearly dont expect to make money from that site. I plan on just collecting my free BTC and doing a couple bets here and there until I can cash them out and never use the site again because its so slow its a waste of time to try and make money that way.

[sekth]

Your odds calculation is wrong. Lets say you decided to roll low each time with a win ratio of 47%. Each time you roll there is always %47 percent win chance. You roll the second time the chance of it being low or high does not change. It will still be %47. You can roll 1000000 times and again the chances of rolling a low is still %47. If you are an unlucky person you can roll 1000000 times and you can still lose each time by rolling that many highs. Every round is a brand new round. Your probability calculation is wrong. Your chances of rolling a low never increases.

The only time your calculation works is if for example you have a deck of cards that has 52 cards and each time you bet on whether its a black or red, you burn that card, there will be 51 cards left. So if the burnt card was red now you have more chances of it being a black if you play with that 51 cards. The only game that works this way is blackjack and therefore it is not allowed to count the cards. Roulette however work the same as the roll game, every round is a new round.

I have lost lots of satoshis as well, playing those games. My advice to you is never play those games. Maybe 100 rolls each day just for the fun of it, not to make profit.

[marlboroza]

Luck or not its still ultimately math

How about this math:
Your chance to win is 47.5%.
Casino has 52.5% chance to win.

You ever heard of counting cards and table bias?

Go to brick and mortar casino and try to count cards. They will kick you out of casino.

because there are people who make millions off blackjack and roulette tables they discovered the bias of

Who are those people? They got lucky, that's all.

The law of averages says if you use a strategy that changes the odds (which counting cards and bet rules changes ever so slightly into your favor) will over time reflect what it should be according to probability and therefore over time you win more than you lose and make millions

Not in EV- games.

Just take a Google search. There are people who have done it

Whoever won millions $$$ doesn't brag around. People who you are talking about are probably chasing referrals with "how to beat casino" fake methods and strategies.

[mrcash02]

I understand seems very impossible to lose many times in sequence always with 49% chance of victory, but the probability exists anyway... It's too hard to happen, but as you are playing a lot, probably hours gambling on Dice game, sooner or later you hit this little probability and lose all your money.

If things were so easy like you say (that you go to casinos and double your money easily, etc...) casinos would crash and this wouldn't be a possible activity anymore.

[Tszunami98]

This is the biggest shame of sites like this...that they allow gamble to enter the cryptocurency world.

[evanuz]

So far it has worked nice for me

[Sandwichstealer]

Statistically the odds of getting 10 wrong in a row is 65% out of 1000 rolls. The odds of getting 16 wrong in a row is 0.5%. You would need a pool of 82000 to “beat” the system. That’s starting with an initial bet of 1.

The odds of getting long bad streaks is very good. They don’t have to manipulate the system to take your money.

[burky156]

Come on! FreeBitco.in one of the most trustable faucet ever. They paid me more than 0.05 BTC without any invest. Dont say them Scammer please. I also believe that the hi-lo game is fair too..

[Chris314]

It's provably fair, but has a 5% house edge. That's why you lose more here than on other dice sites.
Anyway, whatever the house edge, your probability to lose n times in a row is never null, and the time you have n losses in a row you'll lose more money than what you've earned with the previous games when the winning roll came before the nth loss.

Play for fun, only what you can afford to lose.

[Bitcoin Dragon]

There is definitely a hidden element of scam/sham to it but that's what it is and it's how they make most of their money anyway.

I always stop after 10 losses in a row to limit my losses.
Quite funny though, I've had that happen to me at least 10-15 times but I have NEVER had a winning streak that high ever.

You would expect a winning streak to be as common as a losing streak (minus 5% house edge) but in reality nope.

Conclusions: Save up and get a decent amount of interest rolling in daily and then just use that to play jackpots or low bets with high rewards that kinda thing. Martingale never works for very long.