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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 368013 times)
Juggy777
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January 14, 2018, 12:19:17 PM
 #5001

If you got more referrals then it is fine but never try to play this hi-low game on this game because this site got a high house edge and you may lose more than what you're aiming at the end. But if you can manage to get active referrals then you can make some good passive income from this site.

Actually, if you count in all the free extras, reward points, lottery tickets and bonuses it cancels out the higher house edge. I'm doing pretty well with the hi-lo game.

Active referrals are obviously the risk free way to make on the site and I've been lucky enough that about 20 of mine are still going every day after 4 years!


I didn't understand how it will help you all those extra things in the hi-low game because site admin itself posted long back that he is making a profit from only this game on this site. That means whoever playing this game is losing and admin is making a profit to pay all those free things. When you know this fact already then why would you want to lose money on this game instead of play same game on another site where you got less house edge.

Personally for me the Hi lo game is just for fun sakes like whenever I'm literally bored and I don't really care much about winning cause I'll be playing with one or two satoshi. However to clear the record people will always loose, I did win a huge handsome had when I had placed 75k satoshi I won a huge amount so people do win but it's more for fun then anything else

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TheQuin
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January 14, 2018, 12:32:04 PM
 #5002

Personally for me the Hi lo game gambling is just for fun sakes

That's what it is all about, it is entertainment. There's no point trying to come up with winning strategies. If you bet too frequently then the variance decreases and the house edge stands a higher chance of winning. If you just gamble occasionally for fun then you may well get lucky and win. Put auto bet away, start with a decent bankroll, make fewer larger bets and just roll with it. I usually find that people who obsess about finding the lowest house edge actually believe that gambling on random numbers is a viable way to guarantee a profit. That might be possible in PvP poker or even sports betting but not against an RNG.

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Alo Frankfurt
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January 14, 2018, 12:34:06 PM
 #5003

I use this site when I am board  Cheesy Faucet and HI-LO game kinda fun
Chris314
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January 14, 2018, 05:53:05 PM
 #5004

Personally for me the Hi lo game gambling is just for fun sakes

That's what it is all about, it is entertainment. There's no point trying to come up with winning strategies. If you bet too frequently then the variance decreases and the house edge stands a higher chance of winning. If you just gamble occasionally for fun then you may well get lucky and win. Put auto bet away, start with a decent bankroll, make fewer larger bets and just roll with it. I usually find that people who obsess about finding the lowest house edge actually believe that gambling on random numbers is a viable way to guarantee a profit. That might be possible in PvP poker or even sports betting but not against an RNG.


So you just play from time to time for fun with a reasonable bet compared to your balance, and thus manage not to lose too much satoshis there. That's it?
I've tried to use bonus they gave, but always ended up losing all, including the amount they took from my balance.

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Don Pedro Dinero
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January 14, 2018, 06:43:51 PM
 #5005

I quite like reading what Thequin says, and how he explains himself. I don’t play EV- games but I think he is the perfect example of how a good gambler should behave if he plays such games.

That's what it is all about, it is entertainment. There's no point trying to come up with winning strategies. If you bet too frequently then the variance decreases and the house edge stands a higher chance of winning. If you just gamble occasionally for fun then you may well get lucky and win. Put auto bet away, start with a decent bankroll, make fewer larger bets and just roll with it. I usually find that people who obsess about finding the lowest house edge actually believe that gambling on random numbers is a viable way to guarantee a profit. That might be possible in PvP poker or even sports betting but not against an RNG.

Apart from that:

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

Could you expand on this?
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January 14, 2018, 07:44:17 PM
 #5006

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.

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Chris314
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January 14, 2018, 08:02:07 PM
 #5007

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.

Be aware that many strategies that looks good on YouTube while playing Hi Lo game are often martingale strategies that will empty your balance if played for too long.


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.

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TheQuin
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January 15, 2018, 08:06:20 AM
Last edit: January 15, 2018, 09:06:35 AM by TheQuin
 #5008


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 .


So you just play from time to time for fun with a reasonable bet compared to your balance, and thus manage not to lose too much satoshis there. That's it?
I've tried to use bonus they gave, but always ended up losing all, including the amount they took from my balance.

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.


Edit:

I found a book extract that unfortunately doesn't give the full maths but the table is worth a look.



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

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January 15, 2018, 10:39:01 AM
 #5009

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
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January 15, 2018, 10:54:45 AM
 #5010

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.
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January 15, 2018, 11:31:56 AM
 #5011


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 .


So you just play from time to time for fun with a reasonable bet compared to your balance, and thus manage not to lose too much satoshis there. That's it?
I've tried to use bonus they gave, but always ended up losing all, including the amount they took from my balance.

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.


OK, thanks for the explanations. It's true that new condition on bonus account (no bet higher than 10% of the total bonus) slows the decreasing of the "need to wager" amount, thus increases risk of bursting before reaching zero.
To make it decrease faster, I was reducing bet amount and played also for jackpots (roll 8888) as the full amount of jackpot cost is deduced from the remaining wager amount.

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January 15, 2018, 02:18:36 PM
 #5012

3Pkfni5EAYK8VqxzQATLiMikPNZb6jwDgx

Thanks

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

Win Free Bitcoins every hour! - www.freebitco.in
free BTC every hour multiply hi-lo weekly lottery WIN a Lamborghini 30,000 usd contest BET on various events! 4% APR interest
★★★ 50% of my referral earnings back to you each week ★★★
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January 15, 2018, 02:31:56 PM
 #5013

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
 #5014


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
 #5015

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
 #5016

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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January 15, 2018, 10:32:10 PM
 #5017

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
 #5018



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
 #5019


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
 #5020

Heh fun game to pass the time with free BTC
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