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Author Topic: FreeBitco.in-$200 FreeBTC🏎Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 378218 times)
FinneysTrueVision
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September 21, 2020, 12:53:42 AM
 #7621

Hello, what do you mean with this, on the "Free BTC" tab of your website?

Quote
Play MULTIPLY BTC, BET ON EVENTS or buy lottery tickets to increase your FREE BTC rewards by up to +0.00000342 BTC

45.2783% achieved towards the next +0.00000018 BTC bonus!

The first time I read it I thought you can get a permanent bonus to (potential) roll rewards, but now I am not so sure.

The description is a bit vague.

It is not permanent, the percentage will go down every time you make a faucet claim. The only way to maintain this bonus is to gamble a lot.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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pawel7777
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September 26, 2020, 08:36:16 AM
 #7622


Is there any way to figure the actual odds for the bets on events ("betting" section), or could you provide more info on how are the final odds calculated?

Are the "estimated odds" just a very rough indication of the expected winnings if the prize pool stays the same, or is the bet somehow locked at certain odds. i.e. if I was to place a bet at say the odds of 3.0, can the actual odds drop significantly (say to 1.10) if later on more people bet on the same outcome as I did?

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jaysabi
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September 27, 2020, 01:58:09 AM
Merited by pawel7777 (1)
 #7623


Is there any way to figure the actual odds for the bets on events ("betting" section), or could you provide more info on how are the final odds calculated?

Are the "estimated odds" just a very rough indication of the expected winnings if the prize pool stays the same, or is the bet somehow locked at certain odds. i.e. if I was to place a bet at say the odds of 3.0, can the actual odds drop significantly (say to 1.10) if later on more people bet on the same outcome as I did?

The "estimated odds" are indeed just a rough indication of the expected winnings of the prize pool at that moment.  It's subject to change based on how much money is bet on each side after you bet.  However, earlier bets are weighted higher than bets that come after you as a way to incentivize earlier betting on a prop, and this plays a factor as well on the payouts.

If a ton of people all pile into the same side of the bet as you, it would dilute the payout for all.  The hope is that as the odds change, the increase in odds on the opposite side would incentivize people into that side of the bet to keep the payout in the ballpark of what you were shown.  However, the dilution is a possibility.  The weighting of the money that comes after you would be less than your bet, so that would have a bit of an offsetting effect, but if a whale came in and bet 10x your bet, you could see materially less on the payout than what was indicated by the calculator when you made your bet.

TheQuin
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September 27, 2020, 02:12:44 AM
Merited by pawel7777 (1)
 #7624


Is there any way to figure the actual odds for the bets on events ("betting" section), or could you provide more info on how are the final odds calculated?

Are the "estimated odds" just a very rough indication of the expected winnings if the prize pool stays the same, or is the bet somehow locked at certain odds. i.e. if I was to place a bet at say the odds of 3.0, can the actual odds drop significantly (say to 1.10) if later on more people bet on the same outcome as I did?

The "estimated odds" are indeed just a rough indication of the expected winnings of the prize pool at that moment.  It's subject to change based on how much money is bet on each side after you bet.  However, earlier bets are weighted higher than bets that come after you as a way to incentivize earlier betting on a prop, and this plays a factor as well on the payouts.

If a ton of people all pile into the same side of the bet as you, it would dilute the payout for all.  The hope is that as the odds change, the increase in odds on the opposite side would incentivize people into that side of the bet to keep the payout in the ballpark of what you were shown.  However, the dilution is a possibility.  The weighting of the money that comes after you would be less than your bet, so that would have a bit of an offsetting effect, but if a whale came in and bet 10x your bet, you could see materially less on the payout than what was indicated by the calculator when you made your bet.

That's a pretty good explanation. The estimated odds show what is in the prize pool at the time. It's not possible to predict what bets will be placed in the future that will change what is in the prize pool. Read this Wiki page for a full explanation of how the prize pool is shared out at the end. https://en.wikipedia.org/wiki/Parimutuel_betting
 

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jaysabi
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September 27, 2020, 02:40:42 AM
 #7625


Is there any way to figure the actual odds for the bets on events ("betting" section), or could you provide more info on how are the final odds calculated?

Are the "estimated odds" just a very rough indication of the expected winnings if the prize pool stays the same, or is the bet somehow locked at certain odds. i.e. if I was to place a bet at say the odds of 3.0, can the actual odds drop significantly (say to 1.10) if later on more people bet on the same outcome as I did?

The "estimated odds" are indeed just a rough indication of the expected winnings of the prize pool at that moment.  It's subject to change based on how much money is bet on each side after you bet.  However, earlier bets are weighted higher than bets that come after you as a way to incentivize earlier betting on a prop, and this plays a factor as well on the payouts.

If a ton of people all pile into the same side of the bet as you, it would dilute the payout for all.  The hope is that as the odds change, the increase in odds on the opposite side would incentivize people into that side of the bet to keep the payout in the ballpark of what you were shown.  However, the dilution is a possibility.  The weighting of the money that comes after you would be less than your bet, so that would have a bit of an offsetting effect, but if a whale came in and bet 10x your bet, you could see materially less on the payout than what was indicated by the calculator when you made your bet.

That's a pretty good explanation. The estimated odds show what is in the prize pool at the time. It's not possible to predict what bets will be placed in the future that will change what is in the prize pool. Read this Wiki page for a full explanation of how the prize pool is shared out at the end. https://en.wikipedia.org/wiki/Parimutuel_betting
 

There was a website that used to do this type of betting that I liked years ago.  I can't remember what it was called, but that's how I learned how it works. It used to do everything on chain though, as opposed to the offchain betting that occurs on this site (which is an improvement in my opinion as long as you can trust the operator). The onchain stuff was back in the days when transaction fees were dust, and the dust represented fractions of a penny so it was no big deal to have the on chain transactions, and it also served as a transparency check on the operator.

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October 05, 2020, 04:00:34 AM
 #7626

Does anybody found difficulty in loading the site? I can login without any issue, but seems like the server is getting slow lately, the page won’t display perfectly. I even get ‘could not display the page because the server stopped responding’ message few times.
TheQuin
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October 05, 2020, 04:12:12 AM
 #7627

Does anybody found difficulty in loading the site? I can login without any issue, but seems like the server is getting slow lately, the page won’t display perfectly. I even get ‘could not display the page because the server stopped responding’ message few times.

It's working fine for me and the site stats show no reduction in usage. Try it from a different internet connection if you can.

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chasiecoins
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October 05, 2020, 04:54:16 AM
 #7628

Does anybody found difficulty in loading the site? I can login without any issue, but seems like the server is getting slow lately, the page won’t display perfectly. I even get ‘could not display the page because the server stopped responding’ message few times.

It's working fine for me and the site stats show no reduction in usage. Try it from a different internet connection if you can.
It’s ok now, done my claim.
williamshennie9
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October 08, 2020, 07:52:03 PM
 #7629

Does anyone know what the maximum number of deposit addresses you can generate for your account on freebitco.in?
Indymoney
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October 08, 2020, 07:57:04 PM
 #7630

Does anyone know what the maximum number of deposit addresses you can generate for your account on freebitco.in?
I think there is no limit about this and every time you can create new address for deposit.
TheQuin
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October 09, 2020, 01:39:18 AM
 #7631

Does anyone know what the maximum number of deposit addresses you can generate for your account on freebitco.in?

The only limit is one new address a day to prevent people from spamming the database.

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mossy
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October 14, 2020, 08:48:24 PM
 #7632

Hi,

I am interested in getting full Account Bonus, which has some requirement.
My worry is the message under the requirements:

"Please note that these requirements can be changed at any time and fulfilling them is not a guarantee to unlock the bonus forever. This data is updated every 15 minutes."

I don't want to wager and likely lose to have the bonus for few days.

Anyone knows if they had the bonus unlocked then locked again?
Would be great if someone from Freebitco.in can answer here.
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October 15, 2020, 01:45:53 AM
 #7633

Hi,

I am interested in getting full Account Bonus, which has some requirement.
My worry is the message under the requirements:

"Please note that these requirements can be changed at any time and fulfilling them is not a guarantee to unlock the bonus forever. This data is updated every 15 minutes."

I don't want to wager and likely lose to have the bonus for few days.

Anyone knows if they had the bonus unlocked then locked again?
Would be great if someone from Freebitco.in can answer here.

The bonus requirements are a ratio of how much you wager against how much we have given you for free. Obviously, you have to keep wagering to keep getting a bonus for wagering.

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mossy
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October 16, 2020, 09:26:15 PM
 #7634

Hi,

I am interested in getting full Account Bonus, which has some requirement.
My worry is the message under the requirements:

"Please note that these requirements can be changed at any time and fulfilling them is not a guarantee to unlock the bonus forever. This data is updated every 15 minutes."

I don't want to wager and likely lose to have the bonus for few days.

Anyone knows if they had the bonus unlocked then locked again?
Would be great if someone from Freebitco.in can answer here.

The bonus requirements are a ratio of how much you wager against how much we have given you for free. Obviously, you have to keep wagering to keep getting a bonus for wagering.
Thank you for your reply.
Does your answer mean that if I wager the required amount to unlock the bonus, it will get locked again as soon as I claim a free faucet?
TheQuin
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October 17, 2020, 01:36:47 AM
 #7635

Hi,

I am interested in getting full Account Bonus, which has some requirement.
My worry is the message under the requirements:

"Please note that these requirements can be changed at any time and fulfilling them is not a guarantee to unlock the bonus forever. This data is updated every 15 minutes."

I don't want to wager and likely lose to have the bonus for few days.

Anyone knows if they had the bonus unlocked then locked again?
Would be great if someone from Freebitco.in can answer here.

The bonus requirements are a ratio of how much you wager against how much we have given you for free. Obviously, you have to keep wagering to keep getting a bonus for wagering.
Thank you for your reply.
Does your answer mean that if I wager the required amount to unlock the bonus, it will get locked again as soon as I claim a free faucet?

No, it means you get the bonus as long as you remain above the ratio required to earn it. That's why the bonus box tells you the % towards the next bonus you have achieved. When you see that fall towards 0% you know you have to wager more to keep your bonus.

freebitcoin.TO WIN A  LAMBORGHINI!..

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mossy
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October 17, 2020, 11:01:47 AM
 #7636

I don't see any % on the bonus box.
Assume I wagered the required amount to unlock the bonus, what percentage it will be to start with?
TheQuin
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October 18, 2020, 02:12:11 AM
 #7637

I don't see any % on the bonus box.


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Crioio
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October 18, 2020, 05:51:41 PM
 #7638

What’s going on here?

https://i.ibb.co/vPpRM0x/C100-BDA0-BB2-C-418-A-80-F0-6-AC36196-E4-DB.jpg
mossy
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October 18, 2020, 06:49:06 PM
 #7639

Aha, I thought this will be on the rewards page.
So mine is on 1%.
I thought this controls how much you get for the free roll.

So when this go to 0% the bonus would be locked again?

TheQuin
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October 19, 2020, 02:27:15 AM
 #7640

What’s going on here?



A high roller playing.

freebitcoin.TO WIN A  LAMBORGHINI!..

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