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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 426143 times)
TheQuin
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December 18, 2019, 11:59:15 PM
 #10681

This is exactly how odds work in different sports betting platforms I know. But I think there is a difference in Freebitco and the odds can change even after you make the bet.
Here is what the website says about outcome odds.
"Estimated odds for this outcome. Actual odds will be calculated after betting ends for this event."

It also says:
Quote
Bet on the latest events against other FreeBitco.in users and win a share of the prize pool if you pick the winner!

Which describes how a parimutuel betting system works rather than a fixed odds system.

https://en.wikipedia.org/wiki/Parimutuel_betting

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December 19, 2019, 12:24:44 AM
 #10682

We're looking to add more games to the website, and we'd like to hear from you!

Leave your suggestions in this thread, whether it's casino games like Blackjack and Roulette or anything else you'd like to see at

would really to see something new , maybe jackpot poker can work in freebitcoin since it only requires 3 players to start and can pay really big + it's a mixture of skill and luck
maybe also changing the current betting section and removing the time bonus thing , it's kinda complicated for all the bettors and gives a lot of advantage for early bettors which is maybe making a lot of people not betting but I may be wrong

personally the majority of my bets are like 2 hours before games start since some news may be revealed about the game , so usually betting on freebitcoin doesn't suit me due to the time bonus thing
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December 19, 2019, 02:53:58 AM
 #10683

Let's not forget the faucet abusers back in the day, those dudes were claiming faucet every hour for 24 hours straight for days and even weeks/months until they got banned and that would yield a lot of profit for them. I personally am over the average as well but I have been around for years now so I can say it is obvious why I claimed so much, I didn't claimed that frequently ever but here and there faucet claims for the past 5 years equals to a lot of claims.

I made more money thanks to affiliate honestly so I didn't cared about the faucet that much but I can totally see the average being 0.005, this website literally gives away free money so a lot of people know about this and some even insists on staying and claiming for a long period of time. Then there is reward points which makes it even higher to claim.

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December 19, 2019, 03:36:11 AM
 #10684

Let's not forget the faucet abusers back in the day, those dudes were claiming faucet every hour for 24 hours straight for days and even weeks/months until they got banned and that would yield a lot of profit for them. I personally am over the average as well but I have been around for years now so I can say it is obvious why I claimed so much, I didn't claimed that frequently ever but here and there faucet claims for the past 5 years equals to a lot of claims.

I made more money thanks to affiliate honestly so I didn't cared about the faucet that much but I can totally see the average being 0.005, this website literally gives away free money so a lot of people know about this and some even insists on staying and claiming for a long period of time. Then there is reward points which makes it even higher to claim.

The faucet abuse pretty much started happening recently like in Late 2017 and throughout most of 2018 before many sites started to reduce the faucet, block withdraws or just remove it all together. Back in 2014-2015 there were people who abused the faucet but not to the extent as they did now.

One example that comes to mind is Primedice back in 2015, back then you could of had a 2000 Sats faucet with a new account and no deposit needed. You could move your faucet all the way up to 4000 Sats if you had enough rollover to gain a higher rank. However back then BTC was only $200 so a 2000 Sats faucet was only like half a penny.

Did people abuse it? Sure they did but the admins and mods didn't see it as a huge impact as in 2017-2018. I remember people would have multiple accounts like "Jack0", "Jack1", "Jack2" and every few minutes in the chat box I would see "Jack1 tipped Jack0 = 0.00010000 BTC" and "Jack2 tipped Jack0 = 0.00010000 BTC" and obviously this person was violating many rules such as having multiple accounts and I asked the trollbox mods why they didn't ban him and they basically said they don't care. It was probably abused in such small numbers that it didn't affect. However when BTC reached $20K and the site was losing like 20 BTC a day on faucet abuse they had to do something.

I think that the 2017 FOMO rally just attracted many new adopters, some good and some bad and hence the 1% of faucet abusers ruined it for everybody.

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December 19, 2019, 05:07:45 AM
 #10685

In our opinion having a higher house edge allows us to give away much more than all the other crypto casinos and that is the major reason why we are the most successful. We're not going to change what has been working so well for over 6 years.
House edge has always been high on freebitcoin, yes there are some people who want it to stop but the rest of us
understand "why" it is so high, we got used to it by now because we realized when you calculate how much money you can make from the faucet and rewards and potentially even from lottery that we get free tickets for, you realize that house edge is not as high as you might think it is.

Sure for whales who will want to gamble tens of bitcoins here every day the house edge could be horrible but freebitcoin is the website of the less fortunate people and not whales and whenever I end up losing money on dice (hi/lo) I know that my money will end up in the pockets of a guy who needs that faucet side income. So, it is cool with me. I also would love to expand the betting instead of having a new game, right now betting looks a lot limited, expanding that to include more games and sports could be better than trying to add another game.

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December 19, 2019, 05:40:51 AM
 #10686

No no I mean the Outcome ODDS  is i it fixed when I bet or can it change ? Ok ok the outcome odds change everytime . Sometime the other soccer is better. But when I placed a Bet, can then the Outcome odds change ?

If I'm not mistaken, the outcome odds (which was 1.44) is fixed the moment you bet, so anyone betting after you (or if you decide to bet later) will have lesser multipliers.

But the opposite can also happen (i.e. multiplier value increase after you bet).

For example, 3 days before the match, you bet on the Spurs VS Liverpool so naturally many will bet on Liverpool, making the odds 1.44, assuming you want Liverpool to win.

But 1 day before the match, Liverpool's goalkeeper suddenly had a leg injury so after your bet, the multiplier of Liverpool increases to 1.89. Even if Liverpool wins, you will be paid on the 1.44 multiplier.

I think it is always best to bet early, in any case, for the bigger odds (betting against the favorite). But if you want to bet on the favorite, wait a  bit more. Maybe I am wrong but I notice on FBC this is the pattern as people seem to bet against the favorite earlier (so the odds increase for the favorite).

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December 19, 2019, 05:43:16 AM
 #10687

I think it is always best to bet early, in any case, for the bigger odds (betting against the favorite). But if you want to bet on the favorite, wait a  bit more. Maybe I am wrong but I notice on FBC this is the pattern as people seem to bet against the favorite earlier (so the odds increase for the favorite).

It's always best to bet early. If you bet very fast, you'll have a 100x multiplier (basically double your profit) regardless of option. As it's mutual betting, the odds you have will go up or down as more bets go into the pool. The closing odds is what really matters; before that, the odds shown are only an estimate and likely not very accurate.

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December 19, 2019, 07:49:36 AM
Last edit: December 19, 2019, 08:00:27 AM by hosseinimr93
Merited by DarkStar_ (4)
 #10688

It's always best to bet early. If you bet very fast, you'll have a 100x multiplier (basically double your profit) regardless of option. As it's mutual betting, the odds you have will go up or down as more bets go into the pool. The closing odds is what really matters; before that, the odds shown are only an estimate and likely not very accurate.

A user who bets very early (with 100x multiplier) has the chance to win twice the user who bets on a same outcome at the last second (with 0x multipler). But we cannot say if you bet very early (with 100x multiplier) you win twice the case there was no time weight multiplier.

A user who bets with 100x or 90x multiplier has the chance to win extra money. But the user who bets with 0x or 10x multiplier actually earns less than he could win in a betting without time weight multiplier.

The extra money that goes to users who bet with 100x or 90x multiplier, comes from pockets of those who bet with 0x or 10x multiplier.

If you bet with 100x multiplier, you don't double your profit. Maybe, you increase your winning by 50%.
If you bet with 10x multiplier, you don't increase your profit by 10%. Actually, your winning is decreased.

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December 19, 2019, 08:03:15 AM
 #10689


I think it is always best to bet early, in any case, for the bigger odds (betting against the favorite). But if you want to bet on the favorite, wait a  bit more. Maybe I am wrong but I notice on FBC this is the pattern as people seem to bet against the favorite earlier (so the odds increase for the favorite).

I'd prefer betting earlier but then several times the results came out unexpected, such as ties and I ended up losing my bet Cheesy

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December 19, 2019, 09:10:54 AM
 #10690

This is exactly how odds work in different sports betting platforms I know. But I think there is a difference in Freebitco and the odds can change even after you make the bet.
Here is what the website says about outcome odds.
"Estimated odds for this outcome. Actual odds will be calculated after betting ends for this event."

One major diff in FBC is that while the odds is like a bookie elsewhere, it has nothing to do with actual payout. Payout depends on how many people bet on your outcome, and how much they put. Then your bet is calculated as the share of that amount. If you win, you win the equal percentage share of all the other amounts bet on the wrong outcomes. Minus house commission of course.

So if I am the ONLY one to bet on outcome 1.01x estimated odds. But everyone else bets on the 99x, and I win. I get eeeeeverybody elses money which will not be 1.01x.

Correct me if I'm wrong FBC:)

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December 19, 2019, 01:04:36 PM
 #10691

One major diff in FBC is that while the odds is like a bookie elsewhere, it has nothing to do with actual payout. Payout depends on how many people bet on your outcome, and how much they put. Then your bet is calculated as the share of that amount. If you win, you win the equal percentage share of all the other amounts bet on the wrong outcomes. Minus house commission of course.

So if I am the ONLY one to bet on outcome 1.01x estimated odds. But everyone else bets on the 99x, and I win. I get eeeeeverybody elses money which will not be 1.01x.

Correct me if I'm wrong FBC:)

You're not wrong. The only thing my opinion would differ on is that it isn't really a major difference. Fixed odds bookmakers constantly adjust their odds as bets are placed to make sure they still can pay the winners from they have taken from the losers (minus their cut) whatever the outcome is. Parimutuel betting just leaves the calculation until the end rather than doing it constantly.

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December 19, 2019, 05:05:00 PM
 #10692

It's always best to bet early. If you bet very fast, you'll have a 100x multiplier (basically double your profit) regardless of option. As it's mutual betting, the odds you have will go up or down as more bets go into the pool. The closing odds is what really matters; before that, the odds shown are only an estimate and likely not very accurate.

A user who bets very early (with 100x multiplier) has the chance to win twice the user who bets on a same outcome at the last second (with 0x multipler). But we cannot say if you bet very early (with 100x multiplier) you win twice the case there was no time weight multiplier.

A user who bets with 100x or 90x multiplier has the chance to win extra money. But the user who bets with 0x or 10x multiplier actually earns less than he could win in a betting without time weight multiplier.

The extra money that goes to users who bet with 100x or 90x multiplier, comes from pockets of those who bet with 0x or 10x multiplier.

If you bet with 100x multiplier, you don't double your profit. Maybe, you increase your winning by 50%.
If you bet with 10x multiplier, you don't increase your profit by 10%. Actually, your winning is decreased.

Fair enough. I was referring to the profit when compared to the closing odds, as the multiplier is essentially a bonus for early bettors. If you bet on Liverpool with a 100x multiplier and the match closed at odds of @ 1.1, you would have your bet at odds @ 1.2. The users who bet with a 0x or 10x multiplier *should* be happy with the odds that they got, as they bet knowing that they would be at a disadvantage, which is why I prefer to think of it as a bonus rather than decreased winnings.

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December 20, 2019, 06:01:53 AM
 #10693

~snip
No, there was faucet abuse way before that 2017, I have literally seen advertisements for having some sort of automatic faucet claiming for freebitcoin as one of the very first things I have seen on bitcoin. The moment freebitcoin was created so was the idea that automatic claiming would make anyone a decent amount of side income.

Surely, nobody can survive with this much money even if they abuse the faucet once every hour for 24 hours for 30 days a month 365 days a year but that is still free money so nobody said no. What happened in 2017 was that the number of people who abuse the faucet skyrocketed, there were few here and there before 2017 but with that peak of 20k a lot of new abusers came to the website.
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December 20, 2019, 06:44:47 AM
Last edit: December 20, 2019, 07:23:27 AM by STT
 #10694

2013 was a (big) peak also, it was on the national news that year and they spent 15 minutes discussing BTC even various alt coin protocols and their implications on national TV news discussion programs.   In 2013 BTC was already 'old' though its continually a growth product it was already represented in all the various sectors at that time, good and bad.   It went into a lull after the '13 peak and then obviously its come back which surprised many in its ability to do so.  
   Yet again in 2019 somehow it was a surprise once again when it rose, I relate it to FED policy and various other political maneuvers in each country vs the people and the concept of capitalism which is a stranger to us and somehow could be exciting and new to someone of the newest generation.
  Its not unreasonable to consider the echoes of 2013 and how it relates to now, though its ancient history in technology terms and obviously difficulty rose just a tad and I wont be mining on my GPU.   I guess the dynamic that will always repeat is the human and genuine economy or market type phenomena.    To the truly cynical, everything is a repeat :p


Quote
The closing odds is what really matters; before that, the odds shown are only an estimate and likely not very accurate.

I've seen this before and it was kinda really bad for the website.   Shame as it was a great esports betting site but everyone piled on their bets at the last possible moment before the game start which with a small site would swamp the odds from one extreme to another.   I won with like 80 to 1 odds once, my judgement was good (+luck) but it was down to somebody misjudging the weight of their bet vs what was in the pile; even if they had been correct and won the payout would have been silly low returns.
  Unreliability discourages people from betting in future as one side gets bad odds or not the return they expected.   This current system on Freebitco is quite possibly required even though its a giant site compared to the one I remember and the numbers helps, some of the bet outcomes are slim or eccentric perhaps.
  I think every system has some relation to positive or negative feedback loop, some kind of adjustment to a cycle can be helpful.   This relates to BTC also, nobody expected that some dude 10 years ago could devise a self adjusting system and every economy to some extent wants to destroy itself - call it greed or whatever if you like.  The FED will fail in their endeavours its quite certain, its not my wish especially.


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December 20, 2019, 12:51:07 PM
Last edit: December 20, 2019, 01:11:06 PM by freebitco.in PR
 #10695

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December 20, 2019, 01:01:55 PM
 #10696

I liked this PR thing (especially the photos they posted Grin) going on but it contradicts with what TheQuin said about the necessity of the signature campaigns.

I thought freebitco.in didn't need any advertisements/promotions since the business is already booming but then this account came up out of nowhere posting girls lambos and promotions.

A bit confused.




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December 20, 2019, 02:43:44 PM
 #10697

Quote
The closing odds is what really matters; before that, the odds shown are only an estimate and likely not very accurate.

I've seen this before and it was kinda really bad for the website.   Shame as it was a great esports betting site but everyone piled on their bets at the last possible moment before the game start which with a small site would swamp the odds from one extreme to another.   I won with like 80 to 1 odds once, my judgement was good (+luck) but it was down to somebody misjudging the weight of their bet vs what was in the pile; even if they had been correct and won the payout would have been silly low returns.
  Unreliability discourages people from betting in future as one side gets bad odds or not the return they expected.   This current system on Freebitco is quite possibly required even though its a giant site compared to the one I remember and the numbers helps, some of the bet outcomes are slim or eccentric perhaps.
  I think every system has some relation to positive or negative feedback loop, some kind of adjustment to a cycle can be helpful.   This relates to BTC also, nobody expected that some dude 10 years ago could devise a self adjusting system and every economy to some extent wants to destroy itself - call it greed or whatever if you like.  The FED will fail in their endeavours its quite certain, its not my wish especially.
I doubt it is a bad thing because the website doesn't consider themselves as the oddmakers, they are actually making these kinds of claims as a middleman. So, I bet on one team and you beat on another team and we bet against each other and that equals to one of us losing all our money and the other is getting almost all of it with only house getting some rake and not an edge like the other places.

I personally like it because it could mean there could be some better odds, most of the time when people bet on a match they heavily bet on the favorites so if you bet on the team that suppose to lose, you could make a lot more money for a small amount of entry. Not that I tried before but sounds decent.

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December 20, 2019, 11:24:24 PM
 #10698

I liked this PR thing (especially the photos they posted Grin) going on but it contradicts with what TheQuin said about the necessity of the signature campaigns.

I thought freebitco.in didn't need any advertisements/promotions since the business is already booming but then this account came up out of nowhere posting girls lambos and promotions.

A bit confused.
They've been posting this stuff for long timr already, just previously TheQuin was doing it and now they use PR account. Also, they are sending similar stuff on email newsletters almost daily for years already.
Every business need to advertise, no matter that they are well known already. Everyone knows Coca Cola or Samsung for example, but these companies are spending billions for advertising. Same with biggest crypto services. Freebitco.in need not only attract new users, but also people who abandoned website.




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December 22, 2019, 05:25:24 AM
 #10699

There is a huge difference between having a PR account and sharing the images versus having a signature campaign.

If you have a signature space and you want to use freebitcoin you can literally still do it and get "affiliates" by that which will make you money anyway, so for freebitcoin to help you get affiliates AND pay you at the same time just doesn't make any sense for them at all since you are already paid for every single person you bring in to the website, hell you are getting free money from the free money affiliates gets which is double spending for the website.

However, images and PR are not paid for you to share around, it is paid to the marketing guy whoever he is to make and then it is shared here and all other places freebitcoin themselves share for their own marketing purposes, it is not for you to advertise it.
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December 22, 2019, 05:43:46 AM
Last edit: December 22, 2019, 07:54:17 AM by UserU
 #10700

Today for the first time I noticed their ad after the first post.



Looks like they're relying heavily on advertisements now Cheesy

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