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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 420899 times)
STT
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October 25, 2019, 06:49:44 PM
Last edit: October 25, 2019, 08:10:47 PM by STT
 #10161

It's not possible to say for sure if it was profitable as the income is 5% of the increase in turnover caused by running the promotion. We have done well over the last 6 months but you can't know if that was due to the Lambo or other factors.


I figured with that many tickets sold it was pretty definite but there is a difference from the promotional allocation and people buying, if they were all straight out sold then it would be clear enough.     Also big difference from a margin on any product and actual cleared profit after various costs, its not exactly clear though gambling is supposed to be a good business to be in.

    The big question and doubt I've heard many times as criticism for Bitcoin in general is how would it fair in a harsh economy, a recession, hard money.   All thats been true for almost a decade now is central banks inflating and nannying the economy so as to stop it falling over, eventually none of us can stop the tide so Bitcoin will face harder times for sure imo.   Weak FIAT or easy money is a bonus for crypto and much of tech Im pretty sure, going back to the original tech boom that was part of the story.

Quote

I got that in the mail and its not a problem by me.   I used to have Freebitco account for years with no email and fairly sure I lost track of it at some point when distracted and who knows what balance I had as price rose so much it might have been a good figure now.  Its fairly sensible to register properly and I understand why they really want people to do that so they get individuals as business not the enterprising multiple personality types :p


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October 26, 2019, 12:50:06 AM
Merited by DarkStar_ (1)
 #10162

Thequin how could you say "other factors" when there is literally a lambo giveaway on the website Cheesy lol,

The biggest factor driving volume on the site is Bitcoin price and the general level of interest that goes with that. We always do a lot more business in a bull market.

Now, I am not saying you should come up and say "we struck gold with this" but if you ever try to mean you didn't profit like a King over this, you are being a liar.

OK. You tell me the formula I should use to determine how much of the 150 BTC wagered yesterday would not have been wagered if we weren't giving away a Lambo and I'll tell you how well the promo is doing.

freebitcoin.TO WIN A  LAMBORGHINI!..

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October 26, 2019, 05:24:38 PM
 #10163

Well, in order to do that we first have to take a look at years ago and move from there. I know it would take a long time to calculate but that would help you calculate better. I mean as long as you don't want to, you don't have to share anything and need to do anything at all, you can just say "my word is the last" and be done with it, I am just answering because that looked like a real question instead of a sarcastic one.

Now, this lotto started back in may right? So why don't you go back to a year ago before that, last years may and look at monthly wagered numbers for the whole year before the lambo thing started, that way you get the sense of an average how much was played. Now after that you can check monthly on how much it was wagered during the lambo deal as well.

So, now we have one thing which is 1 year before lambo and you see if there is a % increase every month or so, that would mean that even if there was an increase you would remove the previous increases from this one as well because it was increasing even without lambo and now that increase doesn't count into lambo.

You can also take a look at betting part and how much there was betted and remove those as well considering maybe none of them are related to lambo. So, you are left with whatever is on top of that as lambo increase if you ask me.

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October 26, 2019, 05:48:54 PM
 #10164

Well, in order to do that we first have to take a look at years ago and move from there. I know it would take a long time to calculate but that would help you calculate better. I mean as long as you don't want to, you don't have to share anything and need to do anything at all, you can just say "my word is the last" and be done with it, I am just answering because that looked like a real question instead of a sarcastic one.

Now, this lotto started back in may right? So why don't you go back to a year ago before that, last years may and look at monthly wagered numbers for the whole year before the lambo thing started, that way you get the sense of an average how much was played. Now after that you can check monthly on how much it was wagered during the lambo deal as well.

So, now we have one thing which is 1 year before lambo and you see if there is a % increase every month or so, that would mean that even if there was an increase you would remove the previous increases from this one as well because it was increasing even without lambo and now that increase doesn't count into lambo.

You can also take a look at betting part and how much there was betted and remove those as well considering maybe none of them are related to lambo. So, you are left with whatever is on top of that as lambo increase if you ask me.
It's not that easy to calculate the effect of Lambo lottery on wagering volume. The wagering volume depends on many factors. One of them is price of bitcoin which is always changing. For example in a bull market, crypto-related websites becomes more popular.
Does it really matter the percentage of the gamblers that would gamble if there was no Lambo ticket. In freebitco, There is a provably fair game in Freebitco and everything is clear. No one can cheat you and no one force you to gamble in Freebitco.
Lambo lottery is a kind of promotion. What's the problem? You can win tickets and you can wager to get them. You can also ignore them and leave Freebitco. No one force people to gamble or buy the tickets.

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October 27, 2019, 01:39:00 PM
 #10165

4 Days to go to Lambo draw! .... I hope you guys bought your share of the tickets to stand a chance to win this prize.  Wink

TheQuin, can you please ask Wetsuit to add a bet for the final game between "England vs South Africa" in the Rugby World Cup. I think that one is a 50%/50% on who is going to win that one.  Wink 

You can even add a bet for the match between Wales vs All Blacks for the 3rd and forth place in the Rugby World Cup.  Wink .... Enjoy!  This was really a World cup of upsets, because the underdogs won a lot of matches.  Wink

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October 27, 2019, 02:24:02 PM
 #10166

I just checked website stats. I noticed something I hadn't paid attention to before.
At the time of writing the total amount wagered is 376,000 bitcoins and the amount won by users is 194,000 bitcoins.
I would like to know how the amount won by users is calculated.
If it's the total profit, then the website has lost 194,000 bitcoins. It's impossible.
If that's only the bets won, the amount lost is 376,000-194,000= 182,000. The total profit of users would be 12,000 bitcoins. This means that Freebitco has lost 12,000 bitcoins.
I think I am missing something.

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October 27, 2019, 04:21:45 PM
 #10167

4 Days to go to Lambo draw! .... I hope you guys bought your share of the tickets to stand a chance to win this prize.  Wink
~

Yep, I have one. Smiley I bought it in the very beginning, and my win chance was around 0.01% back then. Yes, very small, but at least I know that it's possible to win betting with that chance (I won several times with 9900x payout on Dice). And today my win chance is:



It's almost, but not exactly zero, right? ) "If you don't buy a ticket, you don't win the lottery.", as they say.

Good luck to all the participants!

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October 27, 2019, 04:49:38 PM
 #10168

Yep, I have one. Smiley I bought it in the very beginning, and my win chance was around 0.01% back then. Yes, very small, but at least I know that it's possible to win betting with that chance (I won several times with 9900x payout on Dice). And today my win chance is:

https://i.imgur.com/SsggFbI.png

It's almost, but not exactly zero, right? ) "If you don't buy a ticket, you don't win the lottery.", as they say.

Good luck to all the participants!

Hopefully one of us on this forum wins Smiley
Not very likely though, I doubt any of the whales on Freebitcoin bother visiting Bitcointalk.

I have a semi-decent number of tickets for a solid 0.0014% win chance:

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October 27, 2019, 05:21:14 PM
 #10169

I see that my referral numbers are going down from time to time. Is it normal? Is it possible to delete accounts or these are the accounts which got banned for cheating? Or are they automatically being deleted for inactivity?

Also I have a few lambo tickets, let's see if I will be the lucky bastard.  Tongue




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October 27, 2019, 07:18:52 PM
 #10170

Actually thats a really decent chance I'd say, better then most lotto odds so .00147 % I think equates to a 1 in 677 chance or did I do that wrong.   Surely not as .01 is 1 in 100
  Is there more then one prize, no doubt I'm making some basic error or its a case of how its written, 5 mil tickets does make the odds alot longer then that.   I get very confused when some nations use multiple decimal points which is where I use a comma.    This is how massive space missions have been lost in translation and made in error, greater minds then mine have been befuddled by simple maths convention.
    Actually I get it now, its just me being silly and .001 is 1 thousandth of a percent and .01 is 1 hundredth of 1 percent, its just me reading it differently :O

Anyhow anyone who wins on this thread, has to post a pic of the Lambo :p    or at least a really nice toy one if they take the cash lol


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October 27, 2019, 08:04:04 PM
 #10171

It's not that easy to calculate the effect of Lambo lottery on wagering volume. The wagering volume depends on many factors. One of them is price of bitcoin which is always changing. For example in a bull market, crypto-related websites becomes more popular.
Does it really matter the percentage of the gamblers that would gamble if there was no Lambo ticket. In freebitco, There is a provably fair game in Freebitco and everything is clear. No one can cheat you and no one force you to gamble in Freebitco.
Lambo lottery is a kind of promotion. What's the problem? You can win tickets and you can wager to get them. You can also ignore them and leave Freebitco. No one force people to gamble or buy the tickets.
That is what I am saying, like if you calculate the monthly averages of it then you can calculate both how much there was an increase BEFORE the lambo as well.

Just to give you an example, before the lambo (which started in may I think) go back 1 year, may of previous year there was lets say 1000 bitcoins wagered (making up the numbers) then on June there was 1200 then on July 1400 etc etc and on may when it started it was lets say 2500 and as soon as it started the increase skyrocketed to 3500 instead of expected 2800 for example, these are all examples of course but if something like that happened then how can we say that "we don't know if it was due to lambo", if you check previous increases and then lambo month you can easily pinpoint when it increased or if it increased.

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October 28, 2019, 02:44:13 AM
 #10172

4 Days to go to Lambo draw! .... I hope you guys bought your share of the tickets to stand a chance to win this prize.  Wink

TheQuin, can you please ask Wetsuit to add a bet for the final game between "England vs South Africa" in the Rugby World Cup. I think that one is a 50%/50% on who is going to win that one.  Wink 

You can even add a bet for the match between Wales vs All Blacks for the 3rd and forth place in the Rugby World Cup.  Wink .... Enjoy!  This was really a World cup of upsets, because the underdogs won a lot of matches.  Wink

I can't ask wetsuit to do that. He would tell me it is my job.  Cheesy



I just checked website stats. I noticed something I hadn't paid attention to before.
At the time of writing the total amount wagered is 376,000 bitcoins and the amount won by users is 194,000 bitcoins.
I would like to know how the amount won by users is calculated.
If it's the total profit, then the website has lost 194,000 bitcoins. It's impossible.
If that's only the bets won, the amount lost is 376,000-194,000= 182,000. The total profit of users would be 12,000 bitcoins. This means that Freebitco has lost 12,000 bitcoins.
I think I am missing something.

It is just the gross total of wins.

freebitcoin.TO WIN A  LAMBORGHINI!..

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October 28, 2019, 06:32:07 AM
 #10173

Can you possibly add a little message or email to the winner of the Lambo and ask him or her to put an anonymous entry in this thread or the other thread for the winners to announce his or her winning of the Lambo?

I think people would want to see that there are a actual winner of the Lambo and possibly get a good story from this. I see the guys from Millionairemakers on Reddit are doing this and it is heart warming to read how a prize like this, changed someones life.  Wink

Please guys and gals, if one of you win this, just create a "newbie" throwaway account and tell us your story.  Wink

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john1010
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October 28, 2019, 11:30:51 AM
 #10174

Up until now FreeBitco helps many newbies in cryptocurrency, I remembered when i was started to like bitcoin wayback 2014, freebitco is one of my favorite faucet site.
hosseinimr93
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October 28, 2019, 07:58:58 PM
 #10175

I just checked website stats. I noticed something I hadn't paid attention to before.
At the time of writing the total amount wagered is 376,000 bitcoins and the amount won by users is 194,000 bitcoins.
I would like to know how the amount won by users is calculated.
If it's the total profit, then the website has lost 194,000 bitcoins. It's impossible.
If that's only the bets won, the amount lost is 376,000-194,000= 182,000. The total profit of users would be 12,000 bitcoins. This means that Freebitco has lost 12,000 bitcoins.
I think I am missing something.

It is just the gross total of wins.


So, the profits users have made is bigger than the amounts they have lost. If the total win is 194,000 bitcoins, the total loss would be 182,000 bitcoins.
How can the total profit be bigger than total loss? 

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docthusinh
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October 28, 2019, 09:10:14 PM
 #10176

I just checked website stats. I noticed something I hadn't paid attention to before.
At the time of writing the total amount wagered is 376,000 bitcoins and the amount won by users is 194,000 bitcoins.
I would like to know how the amount won by users is calculated.
If it's the total profit, then the website has lost 194,000 bitcoins. It's impossible.
If that's only the bets won, the amount lost is 376,000-194,000= 182,000. The total profit of users would be 12,000 bitcoins. This means that Freebitco has lost 12,000 bitcoins.
I think I am missing something.

It is just the gross total of wins.


So, the profits users have made is bigger than the amounts they have lost. If the total win is 194,000 bitcoins, the total loss would be 182,000 bitcoins.
How can the total profit be bigger than total loss? 

You did not get it, the numbers does not yield correct result for sure, it's more or less for marketing purpose. 376,000 includes stakes for both won/lose bets, 194,000 is the amount won back on total of 376,000 spent on stakes of both winning and losing bets, this includes winning amounts are reused for betting again and counted toward that total wagered number, the real amount used for turning around would be much lesser. Simple math, since the site edge is 5% or 1/20 then the mean amount of 18800 bitcoins are used to wager that total 376,000 count of bitcoins and the site's profit is within 18800 bitcoin.
LTU_btc
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October 28, 2019, 11:12:49 PM
Merited by DarkStar_ (5)
 #10177

Can you possibly add a little message or email to the winner of the Lambo and ask him or her to put an anonymous entry in this thread or the other thread for the winners to announce his or her winning of the Lambo?

I think people would want to see that there are a actual winner of the Lambo and possibly get a good story from this. I see the guys from Millionairemakers on Reddit are doing this and it is heart warming to read how a prize like this, changed someones life.  Wink

Please guys and gals, if one of you win this, just create a "newbie" throwaway account and tell us your story.  Wink
Good idea. But I already see how haters would react to such posts. They would say that this account belongs to Freebitco.in and Lambolottery was fake Cheesy.
Up until now FreeBitco helps many newbies in cryptocurrency, I remembered when i was started to like bitcoin wayback 2014, freebitco is one of my favorite faucet site.
Oh, you're long time Bitcoiner Smiley. I also started my crypto journey on Freebitco.in, it was back in 2015. I agree that Freebitco.in is very important website in history of crypto and it attracted so many people to crypto.




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TheQuin
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October 29, 2019, 12:12:18 AM
 #10178

Can you possibly add a little message or email to the winner of the Lambo and ask him or her to put an anonymous entry in this thread or the other thread for the winners to announce his or her winning of the Lambo?

I think people would want to see that there are a actual winner of the Lambo and possibly get a good story from this. I see the guys from Millionairemakers on Reddit are doing this and it is heart warming to read how a prize like this, changed someones life.  Wink

Please guys and gals, if one of you win this, just create a "newbie" throwaway account and tell us your story.  Wink
Good idea. But I already see how haters would react to such posts. They would say that this account belongs to Freebitco.in and Lambolottery was fake Cheesy.

I think you're right here. Those that don't want to believe aren't going to change their minds because of a forum post.

freebitcoin.TO WIN A  LAMBORGHINI!..

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Battareus
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October 29, 2019, 02:14:42 AM
 #10179

Did anyone get more than 25 satoshi free or won for the free 25 something in the 0.0003 area? I am surprised that for so much time nothing fell out at all except the standard 25 satoshi. I'm not greedy, I don’t collect money from fausets, I just stayed for reason to know.
TheQuin
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October 29, 2019, 02:23:38 AM
 #10180

Did anyone get more than 25 satoshi free or won for the free 25 something in the 0.0003 area? I am surprised that for so much time nothing fell out at all except the standard 25 satoshi. I'm not greedy, I don’t collect money from fausets, I just stayed for reason to know.

All these guys got a lot more: https://bitcointalk.org/index.php?topic=1850855.0

freebitcoin.TO WIN A  LAMBORGHINI!..

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