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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 367937 times)
robhimself1
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January 16, 2018, 08:33:35 AM
 #5021

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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TheQuin
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January 16, 2018, 08:59:31 AM
 #5022

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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Chris314
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January 16, 2018, 09:16:29 AM
 #5023

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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Betwrong
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January 16, 2018, 10:16:53 AM
 #5024

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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robhimself1
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January 16, 2018, 10:49:25 AM
 #5025

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.

My original account "robhimself" was hijacked!
chris200x9
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January 16, 2018, 12:47:10 PM
 #5026

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.
BTCevo
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January 16, 2018, 02:34:36 PM
 #5027

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
Plimo
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January 16, 2018, 04:47:46 PM
 #5028

I have never seen this site in my life.

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January 16, 2018, 05:16:41 PM
 #5029

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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TheQuin
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January 16, 2018, 05:25:56 PM
 #5030

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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robhimself1
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January 16, 2018, 07:17:19 PM
 #5031

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.

My original account "robhimself" was hijacked!
LTU_btc
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January 16, 2018, 11:11:58 PM
 #5032

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.
Oh, I really missunderstood you Cheesy Even $0.02 is not that bad. In recent months I get this prize very rarely.
Yeah, there was few people who won $200 prize. But considering that Freebitco.in in market since 2013 and have over 11.7 million registered users, number of grand prize winners are very small. But maybe not everyone want to share their winning proofs in public.
I have never seen this site in my life.
And I really can recommend to try it Smiley It's greatest faucet of all times. So many people entered to Bitcoin world trough this faucet when they were newbies.




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chris200x9
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January 17, 2018, 01:51:31 AM
 #5033

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

Not only on this site but in any gambling site you have a chance to earn money but whether you want to take a risk even after knowing that house edge is higher? For me, it won't make any sense because same game you can play on other sites with small house edge so prefer not to play this hi-low game at least with my deposited money.
Betwrong
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January 17, 2018, 11:39:02 AM
 #5034

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.
Oh, I really missunderstood you Cheesy Even $0.02 is not that bad. In recent months I get this prize very rarely.
Yeah, there was few people who won $200 prize. But considering that Freebitco.in in market since 2013 and have over 11.7 million registered users, number of grand prize winners are very small. But maybe not everyone want to share their winning proofs in public.
~

That's right. I think that the vast majority of Freebitco.in users do not have bitcointalk accounts and even if they post about their winnings on other sites it might be in other than English languages so we can't google it properly. From what I know this site is legit since I can't remember anyone accusing them of scamming with sufficient evidences.

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Warfare
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January 17, 2018, 05:43:43 PM
 #5035

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.
Oh, I really missunderstood you Cheesy Even $0.02 is not that bad. In recent months I get this prize very rarely.
Yeah, there was few people who won $200 prize. But considering that Freebitco.in in market since 2013 and have over 11.7 million registered users, number of grand prize winners are very small. But maybe not everyone want to share their winning proofs in public.
~

That's right. I think that the vast majority of Freebitco.in users do not have bitcointalk accounts and even if they post about their winnings on other sites it might be in other than English languages so we can't google it properly. From what I know this site is legit since I can't remember anyone accusing them of scamming with sufficient evidences.
There is a thread created by the admin for users to post their winnings: https://bitcointalk.org/index.php?topic=1850855.0


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nodelover
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January 18, 2018, 06:24:00 AM
 #5036

i love this site services and they are legit because i tried to cash out my satoshi in to my wallet their free bitcoin roll are good as long as you are lucky even in their multiply btc so i recommend you to try it guys Smiley i invest to this site because of their daily interest.

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Betwrong
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January 18, 2018, 09:55:10 AM
 #5037

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.
Oh, I really missunderstood you Cheesy Even $0.02 is not that bad. In recent months I get this prize very rarely.
Yeah, there was few people who won $200 prize. But considering that Freebitco.in in market since 2013 and have over 11.7 million registered users, number of grand prize winners are very small. But maybe not everyone want to share their winning proofs in public.
~

That's right. I think that the vast majority of Freebitco.in users do not have bitcointalk accounts and even if they post about their winnings on other sites it might be in other than English languages so we can't google it properly. From what I know this site is legit since I can't remember anyone accusing them of scamming with sufficient evidences.
There is a thread created by the admin for users to post their winnings: https://bitcointalk.org/index.php?topic=1850855.0

Thanks for the link, mate! I remember vising the thread just after it was created but then I forgot about it.

Wow! What can I say? 18 winners of $20 prize in this month alone! And all the reports come with screenshots and winning seeds so they are not only words.

I'm wondering whether people get additional bonuses for posting about their winnings on bitcointalk?

Anyway, good job, freebitco.in!

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TheQuin
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January 18, 2018, 10:18:46 AM
 #5038

I'm wondering whether people get additional bonuses for posting about their winnings on bitcointalk?

Yes, they do. When you win either $20 or $200 of Bitcoin on a free roll you get an email telling you that if you post in that thread then your account will be credited with a bonus of $5 of Bitcoin. That's why there are so many newbie accounts that post, most of the freebitco.in customers are not already on this forum.


freebitcoin.TO WIN A  LAMBORGHINI!..

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January 18, 2018, 10:28:10 AM
 #5039

I claimed at ~100 satoshi every hour, and play multiplay btc game sometimes. It's so funny ^^.
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January 18, 2018, 11:37:37 AM
 #5040

I'm wondering whether people get additional bonuses for posting about their winnings on bitcointalk?

Yes, they do. When you win either $20 or $200 of Bitcoin on a free roll you get an email telling you that if you post in that thread then your account will be credited with a bonus of $5 of Bitcoin. That's why there are so many newbie accounts that post, most of the freebitco.in customers are not already on this forum.



That's actually pretty interesting. I wonder if that ends up paying off for them in the long-run.

My original account "robhimself" was hijacked!
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