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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 426140 times)
UserU
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December 29, 2019, 05:41:21 PM
 #10741

I just hit the Jackpot on the MULTIPLY BTC game. Smiley




Wow, that's nice! I had a few 8,888 but didn't even bother to check the JP box.

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December 30, 2019, 05:26:32 AM
 #10742

The fact is that almost no one gamble for golden (Lambo) tickets. I expect a same wagering volume at freebitco even if there wasn't any Lambo.
In the previous lottery, there were 6 million tickets. Price of one ticket was 25,000 satoshi. So, total price of tickets was 0.00025*6,000,000= 1500 BTC.
Considering bitcoin's price to be 7,000 dollar, total price of tickets was 10,000,000 dollar while value of the prize was only 200,000 dollar. It means that the winner won only 2% of the pool.
Don't forget that there were additional ways to get golden tickets besides buying them. One of the (commonly used) way was to deposit a specific amount of BTC to freebitco.in. I don't know how many of those 6 mio. tickets were bought and how many were dropped "for free", would be crucial to know if you want to calculate the total prize pool. Maybe @TheQuin has those numbers? 

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December 30, 2019, 05:55:37 AM
 #10743

The fact is that almost no one gamble for golden (Lambo) tickets. I expect a same wagering volume at freebitco even if there wasn't any Lambo.
In the previous lottery, there were 6 million tickets. Price of one ticket was 25,000 satoshi. So, total price of tickets was 0.00025*6,000,000= 1500 BTC.
Considering bitcoin's price to be 7,000 dollar, total price of tickets was 10,000,000 dollar while value of the prize was only 200,000 dollar. It means that the winner won only 2% of the pool.
Don't forget that there were additional ways to get golden tickets besides buying them. One of the (commonly used) way was to deposit a specific amount of BTC to freebitco.in. I don't know how many of those 6 mio. tickets were bought and how many were dropped "for free", would be crucial to know if you want to calculate the total prize pool. Maybe @TheQuin has those numbers? 

>>>

I can confirm they can't manipulate the lottery draw. The drawing method is quite good and provably fair as they claim.

They don't need the House ID to win the prize. You will know it if you do some math.
I ticket cost 25k satoshi and with that 25000*5,954,089 = 1488.52225000 BTC

I'm not saying they are making that much profit(Number could be lying) but they can afford a Lambo giveaway easily with those stats.

The number isn't lying but we only sold 7554 tickets the rest were given away for wagering.

7554*0.00025000 = 1.88850000 BTC


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December 30, 2019, 03:49:22 PM
 #10744

~
and this made my Sunday brighter.


Congratulations. I did thousands of rolls and never hit 8888, never hit 9993+ neither. (got a few 9986-9993) It is probably a better idea to not push your luck any further. Even though the amount you won is only $7 (which is still big money in some countries like Venezuela), it is still better than 0.  Wink

Yeah, it's better than zero not only in Venezuela. Smiley Regarding not pushing your luck further, you know, it's almost impossible to not make at least several dozens of bets the next day after such a luck. So I did just that. But of course you were right, no 8888 today. Smiley


I just hit the Jackpot on the MULTIPLY BTC game. Smiley




Wow, that's nice! I had a few 8,888 but didn't even bother to check the JP box.

I rarely play MULTIPLY BTC game, but when I do, I try not to forget to check the JP box. As you can see from my stats



overall I'm in profit from this enterprise. Smiley

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December 31, 2019, 05:50:56 AM
 #10745

Congrats Betwrong Tongue that's pretty cool.


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December 31, 2019, 02:04:22 PM
 #10746

It looks like the 5k people are winning this years bet, we knew that would happen weeks ago but we weren't sure if bitcoin would have a surge in price or not and it didn't, it stayed exactly the same for weeks and now we are finishing with under 7.5k (there is still some time) and considering they are not the top bet right now and people who wagered on 10k is the most wagered one, I am pretty confident that 5k people will get a good return on their bet, not only from the other small and not important many other bets but mainly from the 10k people who were right 6 months of the whole year but not at the end of the year which is sad for them and I can understand why they could be upset but that still gives the 5k people a lot of profit on their bet.

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December 31, 2019, 02:26:00 PM
 #10747

So i still cannot understand if this faucet is profitable.
I believe that those who are making profits are due to the referrals they share and not due to rolls. Am I right?
So I want to ask if you don't have any referrals is there a way to get some money from it?
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December 31, 2019, 02:54:05 PM
 #10748

PRetty cool and to hit close to the end of 2019, very cool Betwrong;)

I've never put Jackpot bets myself, tbh, I never seen 8888 on my own while freerolling, not even while multiplying manually, although I HAVE hit 0000 once on freeroll, so perhaps it's time to tick the JP box soon haha.

Or is my 10,000 number coming up soon?

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December 31, 2019, 03:04:23 PM
 #10749

How betting odds are determined has already been discussed.
The odds are not fixed and they can change because users are betting against each other not against the house.
I just checked the odds for Bitcoin price at end of 2019. Now the total amount that has been placed on each of outcomes is known and can no longer change. So, why odds are still estimated odds?

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December 31, 2019, 03:28:42 PM
 #10750

~
and this made my Sunday brighter.


Congratulations. I did thousands of rolls and never hit 8888, never hit 9993+ neither. (got a few 9986-9993) It is probably a better idea to not push your luck any further. Even though the amount you won is only $7 (which is still big money in some countries like Venezuela), it is still better than 0.  Wink

Yeah, it's better than zero not only in Venezuela. Smiley Regarding not pushing your luck further, you know, it's almost impossible to not make at least several dozens of bets the next day after such a luck. So I did just that. But of course you were right, no 8888 today. Smiley


I just hit the Jackpot on the MULTIPLY BTC game. Smiley




Wow, that's nice! I had a few 8,888 but didn't even bother to check the JP box.

I rarely play MULTIPLY BTC game, but when I do, I try not to forget to check the JP box. As you can see from my stats



overall I'm in profit from this enterprise. Smiley


Betwrong was betting right! Smiley

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December 31, 2019, 04:40:47 PM
 #10751

So i still cannot understand if this faucet is profitable.
I believe that those who are making profits are due to the referrals they share and not due to rolls. Am I right?
So I want to ask if you don't have any referrals is there a way to get some money from it?

There are three ways to profit.
1) Referrals
2) Gamble
3) Time on free rolls

Any combination is better, but still its more ideal of you've more referrals.

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December 31, 2019, 04:57:33 PM
 #10752

So i still cannot understand if this faucet is profitable.
I believe that those who are making profits are due to the referrals they share and not due to rolls. Am I right?
So I want to ask if you don't have any referrals is there a way to get some money from it?

Offcourse, biggest part of faucet earnings comes from referrals, especially if you have big number of it. But it's also possible to earn something without referrals. You can earn over 500 Satoshi from first tier roll (0 - 9885) if you're playing multiply BTC, buy lot of lottery tickets or betting on events. Aslo, you can activate some bonuses with Reward points (from 10% up to 1000% bonus per claim). But if you're claiming alone from faucet without any active bonuses and referrals, you shouldn't expect to get something decent from faucet.




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December 31, 2019, 05:27:47 PM
 #10753

Referral is how you would get most money, if you have a Youtube channel or alot of Twitter followers and recommend them to this site then you are in luck.  I've only referred quite few and it still was alot more rewarding then the faucet avenue, its worth getting people to sign up if they gamble anyway why not.  Years ago I've referred quite a few people to cashback sites or a survey site and so on.  It can be very rewarding if you can convince people or are an established member on a forum where people look for money saving tricks and will appreciate the information.

Quote
I rarely play MULTIPLY BTC game, but when I do, I try not to forget to check the JP box. As you can see from my stats
I'd never expect to win that special 8888 bet probably ever, I lack your confidence / luck.   Gods of chance have blessed you clearly  Grin

The Lambo draw appears to be a generous contest and a great addition if its raising alot of attention then it justifies itself that way, its a nice bonus of the site being so big and long term established.


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January 01, 2020, 05:08:50 AM
 #10754

I just checked the odds for Bitcoin price at end of 2019. Now the total amount that has been placed on each of outcomes is known and can no longer change. So, why odds are still estimated odds?

We just don't change the wording. You're correct that when no more bets can be placed then that's the actual final odds.

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January 01, 2020, 05:24:23 AM
 #10755

Quote
I rarely play MULTIPLY BTC game, but when I do, I try not to forget to check the JP box. As you can see from my stats
I'd never expect to win that special 8888 bet probably ever, I lack your confidence / luck.   Gods of chance have blessed you clearly  Grin

The Lambo draw appears to be a generous contest and a great addition if its raising alot of attention then it justifies itself that way, its a nice bonus of the site being so big and long term established.
And here I am. I thought it just a hypothetical number made not to hit ever just like 10,000.

@TheQuin
--How many people hit that 10,000 in a day? Would love to have that statistic in the stats section.
--How many people hit that 8888 in a day?
--Does Multiply BTC and Free BTC both using the same algorithm to draw a number?

I have serious trust issue on the site but they proved me wrong every time. Hope, they keep doing it that way. Cheesy Cheesy
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January 01, 2020, 05:32:37 AM
 #10756

--How many people hit that 10,000 in a day? Would love to have that statistic in the stats section.
--How many people hit that 8888 in a day?
--Does Multiply BTC and Free BTC both using the same algorithm to draw a number?

On the stats page, there's a nice little graph that shows the number of bets daily:


There's a 0.005% chance of hitting 10000, so we can infer that 3150 bets hit the 10000 roll that day (give or take a few with variance). Same can be done with 8888, which is a 0.01% chance. Roughly 6300 people would have rolled an 8888, though I bet maybe one or two bets would have been playing for the jackpot. The chart likely includes both free rolls and bets so 3150 people didn't win $200, but there were many people who rolled a 10000.

There's not much point in adding it to the stats section as it doesn't really give any more information that you don't already have imo.

Multiply BTC and Free BTC use the same algorithm, but seem to have different client seeds by default (?) and use the same nonces

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January 01, 2020, 06:04:50 AM
 #10757

Multiply BTC and Free BTC use the same algorithm, but seem to have different client seeds by default (?) and use the same nonces

They do use the same client seed but you generate a new one when you reload the page which also happens by default when the free roll timer runs out unless you check the DO NOT REFRESH box on auto bet.

You're right about the rest of it. It is exactly the same mechanism for free rolls and multiply BTC and they all go into the same database so that total number of plays chart shows all of them.

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January 02, 2020, 06:51:02 AM
 #10758

We now know which team won the bet, the 5000 got all of the prize because we are in 2020 now and didn't moved above 7500 at all during the last day as well.

About the free roll thing, someone once mentioned that it is "free" and why would anyone care how much free money they get but I think this portion is viable to question, I mean "how many people get that 200 dollars every day" is not a complaint but more like curiosity and I can dig that, around 3k people (give or take a bit on variance) gets 200 dollars per day which means on free rolls freebitco.in gives out around 600k per day just for the free claims that get 10k? That is a looooooot of money, I mean the 600k is on average what the 200 dollar people get, there is on top of that all the rest so they must be giving out over a million dollars per day, that is a ton of money.

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January 02, 2020, 07:02:48 AM
 #10759

~around 3k people (give or take a bit on variance) gets 200 dollars per day~

You missed the bit about the total number of rolls including Multiply BTC. You only get 1 free roll per hour but auto-bet will do 3 rolls a second.

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January 02, 2020, 07:19:57 AM
 #10760

About the free roll thing, someone once mentioned that it is "free" and why would anyone care how much free money they get but I think this portion is viable to question, I mean "how many people get that 200 dollars every day" is not a complaint but more like curiosity and I can dig that, around 3k people (give or take a bit on variance) gets 200 dollars per day which means on free rolls freebitco.in gives out around 600k per day just for the free claims that get 10k? That is a looooooot of money, I mean the 600k is on average what the 200 dollar people get, there is on top of that all the rest so they must be giving out over a million dollars per day, that is a ton of money.

I love how you read about half of my post, but didn't like it enough to read the other half  Tongue

The chart likely includes both free rolls and bets so 3150 people didn't win $200, but there were many people who rolled a 10000.

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