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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 513727 times)
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January 15, 2018, 02:18:36 PM
 #4981

3Pkfni5EAYK8VqxzQATLiMikPNZb6jwDgx

Thanks

There's no more giveaway here, it's useless to give your btc addess, as already said a few posts earlier.

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January 15, 2018, 02:31:56 PM
 #4982

Just stopped by to say that the site works perfectly for me in the last couple of months. Thanks guys for no captcha to solve before free rolls and for the fast rolls.

Won the second prize two times recently. Still hoping to win the highest free roll prize, $200 worth of BTC. Good luck to everyone!

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January 15, 2018, 06:36:57 PM
 #4983


many players actually increase the house edge by using strategies like the martingale.

Could you expand on this?
I would be curious too to know why a martingale strategy increases house edge.

Because you go back to base bet after each win you end up increasing your average loss in proportion to your win.  You can only ever win the base bet amount but often risk much larger amounts. There are ways to gamble that make winning less likely but none that can give a better expectation than the house edge.

I just spent ages on Google trying to find a decent mathematical example of this and without finding my old maths teacher I can't remember exactly how to demonstrate it myself. This roulette example is the best I could find:

https://en.wikipedia.org/wiki/Martingale_(betting_system)
Quote
In this example, the probability of losing the entire bankroll and being unable to continue the martingale is equal to the probability of 6 consecutive losses: (10/19)6 = 2.1256%. The probability of winning is equal to 1 minus the probability of losing 6 times: 1 − (10/19)6 = 97.8744%.

The expected amount won is (1 × 0.978744) = 0.978744.
The expected amount lost is (63 × 0.021256)= 1.339118.
Thus, the total expected value for each application of the betting system is (0.978744 − 1.339118) = −0.360374 .
...

Pretty much, if you have a balance of 0.05 and try to win 0.0005 in a few dice bets you have a fair chance of coming out a winner. If you try to get 0.0005 up to 0.05 then most times you'll end up busting.
They changed the hi-lo bonus requirements a while back. The "The maximum wagering requirements that you can fulfil in a single bet cannot exceed 10% of the original amount of your bonus account." makes it much harder to come out on top now. But the reward points quickly add up especially on the weekend when it is 4 or 5 points for every 500 satoshis wagered. So you end up with getting past the 100,000 minimum quite quickly with a few big bets.


Thanks, on my part too. I knew martingale is a bad system where you increase your risk exponentially to win just the base bet, but I hadn’t thought about it like that: “you increase the house edge”.

But it doesn’t matter if this keeps being said in all the betting forums, Wikipedia or wherever, people will keep using martingale.

The other point you talk about is quite interesting as well, and in poker and sports betting is widely known as bankroll management. It consists in making small bets, compared to the total money you have in the casino account. Many gamblers would be better off doing bankroll management.

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January 15, 2018, 07:16:03 PM
Last edit: January 15, 2018, 09:47:31 PM by babygun
 #4984

Just stopped by to say that the site works perfectly for me in the last couple of months. Thanks guys for no captcha to solve before free rolls and for the fast rolls.

Won the second prize two times recently. Still hoping to win the highest free roll prize, $200 worth of BTC. Good luck to everyone!

Wow, congrats on your second prize winnings, I never won anything higher than the 4th prize, but also hoping (like everyone) to win the first prize one day Smiley.



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January 15, 2018, 09:55:39 PM
 #4985

LOTTERY ROUND 137
This round, the winner with the lowest number of tickets is #10 with 3,120 tickets.
#1 won 0.86447480 BTC with 4,416 tickets.

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LTU_btc
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January 15, 2018, 10:32:10 PM
 #4986

Just stopped by to say that the site works perfectly for me in the last couple of months. Thanks guys for no captcha to solve before free rolls and for the fast rolls.

Won the second prize two times recently. Still hoping to win the highest free roll prize, $200 worth of BTC. Good luck to everyone!
Congratulations. You are really lucky to win $20 in BTC just in few months. I'm member of Freebitco.in for more than 3 years and I never won their second price. I only rolled $2 worth prize once. But I still hoping to win their grand prize one day...

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January 16, 2018, 06:46:19 AM
 #4987



The house edges compared for various betting systems, note how martingale dramatically increases across the table with more rolls.


so the best system to look up there would be the Pass Bet or maybe Ponzer.   Start a thread if you know how to implement these

not sure of those methods but people should slap themselves everytime Martingale is mentioned to remember because its never worked.  Even in theory it was some tiny gain if working

I tried the mining on this site and I'm not sure how its proceeding but its not especially profitable.   I have a modern 8 core with 20mb 3rd level cache, even if it only ever used the CPU it should do better then this.   ITs probably mining the wrong coin.   But anyhow its nice they put it there at all I guess but its 90% not worth it


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January 16, 2018, 07:00:04 AM
 #4988


I tried the mining on this site and I'm not sure how its proceeding but its not especially profitable.   I have a modern 8 core with 20mb 3rd level cache, even if it only ever used the CPU it should do better then this.   ITs probably mining the wrong coin.   But anyhow its nice they put it there at all I guess but its 90% not worth it



Mining is profitable only if you use a computer you don't pay electricity for. If you running your own devices, it's not worth it.

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January 16, 2018, 07:54:51 AM
 #4989

Heh fun game to pass the time with free BTC
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January 16, 2018, 08:33:35 AM
 #4990

I'm pretty confused about people talking about house edge increasing or decreasing here. The more you bet, the more edge you give up. How you bet doesn't matter. If you want to give up the lowest edge while having a chance to win something decent, do small bets with small odds to win.

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January 16, 2018, 08:59:31 AM
 #4991

Mining is profitable only if you use a computer you don't pay electricity for. If you running your own devices, it's not worth it.

If you are using a computer that is turned on anyway running the mining in the background can be profitable with fairly cheap electricity cost. Use a hardware monitor like https://www.hwinfo.com/ to measure how much extra electricity your CPU uses when mining and calculate the value of what is mined and find out if it works for you.

I'm pretty confused about people talking about house edge increasing or decreasing here.

I thought I had explained that above. Using a martingale means that your average winning bet is smaller than your average losing bet. It can be mathematically demonstrated that the -EV increases the longer you play.  You can't decrease the house edge.

The more you bet, the more edge you give up.

If by 'the more you bet' you mean the number of bets then the larger the number of bets the less variance of luck and therefore the closer the expected outcome will be to the house edge.

How you bet doesn't matter. If you want to give up the lowest edge while having a chance to win something decent, do small bets with small odds to win.

Lots of small bets will have less variance and the result will trend towards the house edge the longer you continue. A smaller number of large bets will have more variance so you have an opportunity to have good luck and come out winning.

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January 16, 2018, 09:16:29 AM
 #4992

How you bet doesn't matter. If you want to give up the lowest edge while having a chance to win something decent, do small bets with small odds to win.

Lots of small bets will have less variance and the result will trend towards the house edge the longer you continue. A smaller number of large bets will have more variance so you have an opportunity to have good luck and come out winning.


I confirm. To put that with figures, you have 0.5 btc balance. A single bet with 0.5 and you have 47,5% chance to earn 0.5 more, but 52,5% to lose all your balance.
With ten bets of 0.05 you have 0.475^10 =  0.05% chance to earn 0.5 more (ten wins), 1% chance to lose all your balance.
With one hundred bets of 0.005 you have hardly any chance to earn 0.5 more (4,5e-31% to be precise).

The smaller your bets are (and the more you bet), the sharper is the result distribution (thus less variance), distribution which is by any means biaised towards negative gains by the house edge (you have more risk to lose all than chances to win all).

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January 16, 2018, 10:16:53 AM
 #4993

Just stopped by to say that the site works perfectly for me in the last couple of months. Thanks guys for no captcha to solve before free rolls and for the fast rolls.

Won the second prize two times recently. Still hoping to win the highest free roll prize, $200 worth of BTC. Good luck to everyone!
Congratulations. You are really lucky to win $20 in BTC just in few months. I'm member of Freebitco.in for more than 3 years and I never won their second price. I only rolled $2 worth prize once. But I still hoping to win their grand prize one day...

No no, guys! I'm sorry for this misunderstanding but I meant the second prize from the bottom, which is $0.02 not $20. I use freebitco.in for more than 2 years, not regularly but quite often, and I never won $20 on free rolls. I rolled $2 worth prize several times there though, which is also great imo.

I've seen couple of reports in which real people were claiming that they won $200 on free rolls on the site so it's possible actually and I wish all of you to win  the grand prize one day.

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January 16, 2018, 10:49:25 AM
 #4994

How you bet doesn't matter. If you want to give up the lowest edge while having a chance to win something decent, do small bets with small odds to win.

Lots of small bets will have less variance and the result will trend towards the house edge the longer you continue. A smaller number of large bets will have more variance so you have an opportunity to have good luck and come out winning.


I confirm. To put that with figures, you have 0.5 btc balance. A single bet with 0.5 and you have 47,5% chance to earn 0.5 more, but 52,5% to lose all your balance.
With ten bets of 0.05 you have 0.475^10 =  0.05% chance to earn 0.5 more (ten wins), 1% chance to lose all your balance.
With one hundred bets of 0.005 you have hardly any chance to earn 0.5 more (4,5e-31% to be precise).

The smaller your bets are (and the more you bet), the sharper is the result distribution (thus less variance), distribution which is by any means biaised towards negative gains by the house edge (you have more risk to lose all than chances to win all).

Yes, obviously you have less of a chance at winning huge on the larger number of small bets, but on the one big bet you have no chance at winning any of the amounts between -.5 and +.5. Either way, your expected loss is still 5% of your bets. If your goal is to play until you win .5, yes obviously a single bet would be better in your scenario. If you are enjoying yourself with some betting and want to sometimes not walk away broke, smaller bets with long odds are going to be how you get the most out of your money.

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January 16, 2018, 12:47:10 PM
 #4995

I'm pretty confused about people talking about house edge increasing or decreasing here. The more you bet, the more edge you give up. How you bet doesn't matter. If you want to give up the lowest edge while having a chance to win something decent, do small bets with small odds to win.

It looks like you understood house edge concept wrongly because house edge is constant whether you bet a small amount or big amount. House edge on this site is 5% so from your bet amount site will take 5% that means if you bet bigger amount then the house will get big amount but in terms of percentage, it is same.
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January 16, 2018, 02:34:36 PM
 #4996

Freebitco.in is really doing good in past few years and now after researching little bit from this forum and from Facebook, even I have started using this site. The hi and low jackpot is the cool thing which i like the most to play for and to be honest this faucet is simply looking but it is attracting the clients like a magnet and this faucet is addicting one. Also came across many strategies to earn from this faucet few from this forum and few from youtube I shall be using it for next three months and will post the results here soon, thanks.

How are you going to gamble by using faucet that not even worth? I do not think that any strategy will work on hi-lo since your faucet is very small amount, if you want to gamble on their site you should consider to deposit your balance and try out some strategy that you get from everywhere. But as I can say here no startegy will work in a long run and also they got some pretty huge house edge which is tend to lose faster

It looks like he may be new to this hi-low game and that's why excited with the methods in youtube. He will soon realize that he may be wasting his time in this hi-low game to earn money from it. In this game even if you play with your deposited money there is no guaranty that you will earn money because results depend on only luck. So don't waste your money to play this game with your deposited money.

I do not say that we can't win it here but still they have huge house edge so there is no way that you can play huge multiplier here because the chance of losing will be much greater. I already deposit and played on their game quite long and earn some amount too, so I can say you can earn some profit here but yet you need luck to play and btw people are tend to play om their lottery to hit 1st prize
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January 16, 2018, 04:47:46 PM
 #4997

I have never seen this site in my life.

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January 16, 2018, 05:16:41 PM
 #4998

I'm pretty confused about people talking about house edge increasing or decreasing here. The more you bet, the more edge you give up. How you bet doesn't matter. If you want to give up the lowest edge while having a chance to win something decent, do small bets with small odds to win.
If you will win they will take 5% from your winning and if you will loss you will loss 100% of your bet amount. So in both way casino will take some profit from you in a form of house edge.

Freebitco.in still have really high house edge compared to what other casino offers around 1%.

 
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January 16, 2018, 05:25:56 PM
 #4999

If you will win they will take 5% from your winning and if you will loss you will loss 100% of your bet amount. So in both way casino will take some profit from you in a form of house edge.

No, they don't take anything from your winnings. House edge is just the statistical favour of them winning.

Freebitco.in still have really high house edge compared to what other casino offers around 1%.

Freebitco.in also gives away far more in faucet, bonuses, reward points and free lotto tickets, and has a more generous referral program. This is all funded from the house edge, you pay your money and take your choice as to which you prefer.

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January 16, 2018, 07:17:19 PM
 #5000

I'm pretty confused about people talking about house edge increasing or decreasing here. The more you bet, the more edge you give up. How you bet doesn't matter. If you want to give up the lowest edge while having a chance to win something decent, do small bets with small odds to win.

It looks like you understood house edge concept wrongly because house edge is constant whether you bet a small amount or big amount. House edge on this site is 5% so from your bet amount site will take 5% that means if you bet bigger amount then the house will get big amount but in terms of percentage, it is same.

I'm not sure in what way you think what you said contradicts or explains away anything I said.

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