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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 515611 times)
Kprawn
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May 11, 2018, 11:58:08 AM
 #5961

Have anyone noticed the genius behind this site? You are given FREE Satoshi from the site via the Faucet, but the whole site

is designed to entice you to re-use it on the "Gambling" side. A popup that re-direct you to the Multiplier game and then

there is also the Lottery system and even the earnings from "investment" side. Most actions take back the Satoshi's that are

given for FREE. {This is still your choice, but it was genius to do it this way.} I think most Satoshi's received from the FREE

Rolls, end up back at the site. 
Grin

Actually I don't think so because some players do win in the "Multiply your bitcoins" and in the Lottery sections. You can check the STATS section to see how many Bitcoins were won by users and you'll see that the amount is impressive.

Speaking about the Multiply section, the site has 5% house edge and that's what they keep to themselves, not most of the Satoshis received from the FREE Rolls. Same goes for any provably fair dice gambling site, they don't care about winning or losing of a particular player, they just earn from the house edge.

Yes, but just imagine if this was just a normal Faucet. You would pay out those Satoshi from your Ad income and you will

never see it again. This site had the vision to retrieve most of those Satoshi from gambling and lottery on their site. This is

like looking at a well oiled, self sustaining machine.  Grin  I saw this once at a Wine farm, where the workers were paid a salary

and the owner operated a shop on his farm. So due to the remote location of this farm, the workers spend most of their

salary at the owners shop... So the owner got back some of the salary he had to pay to his workers.  Grin 

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Betwrong
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May 11, 2018, 12:18:27 PM
 #5962

Actually I don't think so because some players do win in the "Multiply your bitcoins" and in the Lottery sections. You can check the STATS section to see how many Bitcoins were won by users and you'll see that the amount is impressive.

Speaking about the Multiply section, the site has 5% house edge and that's what they keep to themselves, not most of the Satoshis received from the FREE Rolls. Same goes for any provably fair dice gambling site, they don't care about winning or losing of a particular player, they just earn from the house edge.

The amount gambled is indeed quite impressive compared to other dice sites.  Wink You can also see the withdrawals on the stats page and they add up to a large amount as well.

The 5% house edge isn't what we keep to ourselves it is the gross income. That has to pay for the faucet and all the lottery tickets and reward points we give away. Then all the hosting costs etc. and what is left over is the profit.


Of course that's understandable that a site like yours has a lot of working expenses apart from payouts to lottery winners, faucet claimers, jackpot winners etc. I'm even wondering whether the business is profitable, considering how much you give out each month. I haven't managed to find the withdrawals on the stats page, but I can imagine that the amount is big.

Thanks for elaborating! Smiley Keep up the good work!

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May 11, 2018, 12:32:59 PM
 #5963

Actually I don't think so because some players do win in the "Multiply your bitcoins" and in the Lottery sections. You can check the STATS section to see how many Bitcoins were won by users and you'll see that the amount is impressive.
that stats page doesn't show complete statistics, only positive numbers for marketing gimmick
it does tell you how much won by users but doesn't say anything about lost amount
it does show withdrawal amounts on blockchain but never mentioned total deposited by users
so only partial statistics available to us which used by the site to attract more users

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May 11, 2018, 12:35:57 PM
 #5964

I'm even wondering whether the business is profitable, considering how much you give out each month.

I doubt it would still be here if it wasn't.

I haven't managed to find the withdrawals on the stats page, but I can imagine that the amount is big.

It always shows the recent withdrawals including a link to a block explorer.

https://snag.gy/dM8JZB.jpg


The current payout address is https://btc.com/329koRvovTyNnd4ADrpR2uJHzXxfvKxta5

Although I think there is more than one address we use.



that stats page doesn't show complete statistics, only positive numbers for marketing gimmick
it does tell you how much won by users but doesn't say anything about lost amount
it does show withdrawal amounts on blockchain but never mentioned total deposited by users
so only partial statistics available to us which used by the site to attract more users

Or for wetsuits privacy.

Sites that give full statistics tend to be the ones with crowdfunded bankrolls. They need that level of transparency for their investors.

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May 11, 2018, 10:19:21 PM
 #5965

Or for wetsuits privacy.

Sites that give full statistics tend to be the ones with crowdfunded bankrolls. They need that level of transparency for their investors.

that could also be the reason for not showing complete details
I'm not saying the way he presents the data is wrong, it's common for dice sites to do that
just pointing out the 'won by users' part on multiply btc is only stating amount won without substracting the amount loss

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May 12, 2018, 12:19:59 AM
 #5966


No, it's not forever. It is quite possible to hit it within 20,000 free rolls, but supposing you make 10 free rolls per day on average, it will take 2,000 days or from 5 to 6 years. Of course it might look stupid to work for 5-6 years in order to have a chance to win $200, but visiting the site from time to time is not exactly a work. It's not so hard to do especially if there's no captcha to solve, and also don't forget that you always have a chance to win it right away. Smiley

There is no way to hit that waiting for that long time, I think it is much more easier if you combine it with some few rolls then you do not need to wait for that long, a few rolls each day will really help you out but the problem is if their games and freerolls have coresspond to the roll number or not, if they connect each other then it might do

If you mean to ask whether you will win $200 by rolling 1000 in the "Multiply your bitcoins" section then the answer is no, you will not. And that's understandable because the site would go bankrupt if they were giving away that much. Theoretically you can win $200 in that section, but only buy placing a corresponding bet with a corresponding multiplier like on any other dice betting site.

Yes you will win it someday after you pass your 20k rolls then it might later be popped out, or may be it will be in the middle of 20k rolls, we never know or predict when it will pop out since this is all is just based on some calculations here. If you do some freerolls here I think you can get it in no time here, if you can do 1k rolls each day, then you only need 20 days to hit it if only freerolls and hi-lo games has the same output
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May 12, 2018, 12:52:35 PM
 #5967


No, it's not forever. It is quite possible to hit it within 20,000 free rolls, but supposing you make 10 free rolls per day on average, it will take 2,000 days or from 5 to 6 years. Of course it might look stupid to work for 5-6 years in order to have a chance to win $200, but visiting the site from time to time is not exactly a work. It's not so hard to do especially if there's no captcha to solve, and also don't forget that you always have a chance to win it right away. Smiley

There is no way to hit that waiting for that long time, I think it is much more easier if you combine it with some few rolls then you do not need to wait for that long, a few rolls each day will really help you out but the problem is if their games and freerolls have coresspond to the roll number or not, if they connect each other then it might do

If you mean to ask whether you will win $200 by rolling 1000 in the "Multiply your bitcoins" section then the answer is no, you will not. And that's understandable because the site would go bankrupt if they were giving away that much. Theoretically you can win $200 in that section, but only buy placing a corresponding bet with a corresponding multiplier like on any other dice betting site.

Yes you will win it someday after you pass your 20k rolls then it might later be popped out, or may be it will be in the middle of 20k rolls, we never know or predict when it will pop out since this is all is just based on some calculations here. If you do some freerolls here I think you can get it in no time here, if you can do 1k rolls each day, then you only need 20 days to hit it if only freerolls and hi-lo games has the same output

I think you have misunderstood it again. You can't make 1k freerolls daily, you can make only 24 max because there is one free roll per hour, that's the point. I told you already that hi-lo games don't count. Please, try to read first the text you are replying to.

~
I haven't managed to find the withdrawals on the stats page, but I can imagine that the amount is big.

It always shows the recent withdrawals including a link to a block explorer.

https://snag.gy/dM8JZB.jpg


The current payout address is https://btc.com/329koRvovTyNnd4ADrpR2uJHzXxfvKxta5

Although I think there is more than one address we use.
~


3,208.24118665 BTC were sent from that address. That's an impressive amount. Thanks for the link!



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May 14, 2018, 06:43:27 PM
 #5968

LOTTERY ROUND 154
This round, the winner with the lowest number of tickets is #7 with 124 tickets.
#1 won 1.30762996 BTC with 2,994 tickets.

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May 15, 2018, 07:02:51 AM
 #5969

LOTTERY ROUND 154
This round, the winner with the lowest number of tickets is #7 with 124 tickets.
#1 won 1.30762996 BTC with 2,994 tickets.

You do not see that very often -> #1 won 1.30762996 BTC with 2,994 tickets. I guess the people who has bought the highest amount of tickets, should win more regularly than people with a few tickets like that, but if this is provably fair, then people with low amounts of tickets should also win. <So I am glad to see this>

Did Wetsuit implement a "report" function for the Lottery too or is this only for the free rolls? <A email to encourage people to login to this forum to report their Lottery winnings?>

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May 15, 2018, 07:16:20 AM
 #5970

LOTTERY ROUND 154
This round, the winner with the lowest number of tickets is #7 with 124 tickets.
#1 won 1.30762996 BTC with 2,994 tickets.

You do not see that very often -> #1 won 1.30762996 BTC with 2,994 tickets. I guess the people who has bought the highest amount of tickets, should win more regularly than people with a few tickets like that, but if this is provably fair, then people with low amounts of tickets should also win. <So I am glad to see this>

People who buy lots of tickets will get more prices than those who buy few in the long term but in the short term people with few tickets can win more than those with lots of tickets due to variance. The point is, you never live enough to experience the long-term outcomes, so the short-term results depend on luck.

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May 15, 2018, 10:58:16 AM
 #5971

LOTTERY ROUND 154
This round, the winner with the lowest number of tickets is #7 with 124 tickets.
#1 won 1.30762996 BTC with 2,994 tickets.

Congratulations on your winnings. I have been playing this for some time but  still not be able to win.

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May 15, 2018, 11:39:10 AM
 #5972

LOTTERY ROUND 154
This round, the winner with the lowest number of tickets is #7 with 124 tickets.
#1 won 1.30762996 BTC with 2,994 tickets.

You do not see that very often -> #1 won 1.30762996 BTC with 2,994 tickets. I guess the people who has bought the highest amount of tickets, should win more regularly than people with a few tickets like that, but if this is provably fair, then people with low amounts of tickets should also win. <So I am glad to see this>

People who buy lots of tickets will get more prices than those who buy few in the long term but in the short term people with few tickets can win more than those with lots of tickets due to variance. The point is, you never live enough to experience the long-term outcomes, so the short-term results depend on luck.

This is one question that has always bothered everyone and honestly I'm surprised that with just low amount of tickets he's managed to win huge.

I don't understand what do you mean by long term these tickets are only for one week and then you need to buy once more for next week. Are you implying if one buys it's again and again some time in future he may win?
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May 15, 2018, 11:47:00 AM
 #5973

I don't understand what do you mean by long term these tickets are only for one week and then you need to buy once more for next week. Are you implying if one buys it's again and again some time in future he may win?

I think he's getting at that the fact that the more you play a game with a house edge against you the closer to the statistical predicted result you get. Lower sample sizes have higher variance.

Personally, I don't think there is much use applying that logic to a lottery or anything with extremely long odds.

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May 15, 2018, 08:03:44 PM
 #5974

LOTTERY ROUND 154
This round, the winner with the lowest number of tickets is #7 with 124 tickets.
#1 won 1.30762996 BTC with 2,994 tickets.

You do not see that very often -> #1 won 1.30762996 BTC with 2,994 tickets. I guess the people who has bought the highest amount of tickets, should win more regularly than people with a few tickets like that, but if this is provably fair, then people with low amounts of tickets should also win. <So I am glad to see this>

Did Wetsuit implement a "report" function for the Lottery too or is this only for the free rolls? <A email to encourage people to login to this forum to report their Lottery winnings?>


Until now, I do not yet see anyone with low tickets that claimed that they already win big amount here, unless there is only one players that use 0.06 btc and hit the 1st prize, thats all. So if you think it is provably fair, I can say yes but there is no proof yet that the address that winning is a solid address with human in it, that might be a bot or anyone that regenerate the address to get that prize as well
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May 15, 2018, 10:55:52 PM
 #5975

...
So if you think it is provably fair, I can say yes but there is no proof yet that the address that winning is a solid address with human in it, that might be a bot or anyone that regenerate the address to get that prize as well

I have said this too before (can't find link to my post yet) that those winners could have been inactive members
the winner could be one of the unused/unmaintained accounts that has active referrals contributing lottery tickets
or unretrievable lost accounts because of forgotten password, lost email access and etc
or even banned accounts that I think still have valid records in the user database
the main thing is the account has active referrals that keeps generating lottery tickets

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May 16, 2018, 01:36:16 AM
 #5976

LOTTERY ROUND 154
This round, the winner with the lowest number of tickets is #7 with 124 tickets.
#1 won 1.30762996 BTC with 2,994 tickets.

These are the people who are very lucky because many people here trying their luck for the quite long time including me but still waiting for their turn. To win a lottery one must be very lucky.

Anyway, I can get some free lottery every week so no harm in trying the luck so keep doing it every week.
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May 16, 2018, 05:45:21 AM
 #5977

Did Wetsuit implement a "report" function for the Lottery too or is this only for the free rolls? <A email to encourage people to login to this forum to report their Lottery winnings?>

He said a long time ago that he doesn't think there is any point. With the Free-Roll big wins there is a screenshot of the win and a link to provably fair verifier but that doesn't happen with the lottery. If a newbie account signs up and posts a screenshot of an email that isn't going to convince a bunch of sceptics that are determined not to believe a provably fair lottery.

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May 16, 2018, 05:55:10 AM
 #5978

Did Wetsuit implement a "report" function for the Lottery too or is this only for the free rolls? <A email to encourage people to login to this forum to report their Lottery winnings?>

He said a long time ago that he doesn't think there is any point. With the Free-Roll big wins there is a screenshot of the win and a link to provably fair verifier but that doesn't happen with the lottery. If a newbie account signs up and posts a screenshot of an email that isn't going to convince a bunch of sceptics that are determined not to believe a provably fair lottery.


Ok, but why do they have to post a screen shot of the email? Is there not another "report" feature that could be developed to redirect the user to Bitcointalk, with a fixed template that would report their winnings? If the developers of this site, could write code for such a great site, like Freebitco.in, then they should not have a problem doing something like that.  Huh

The most controversial part of this site is the Lottery, so I would rather focus on reporting "Winnings" of the lottery on public platforms, than reporting on Free-Roll big wins of $200.  Roll Eyes

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May 16, 2018, 06:04:08 AM
 #5979

Ok, but why do they have to post a screen shot of the email? Is there not another "report" feature that could be developed to redirect the user to Bitcointalk, with a fixed template that would report their winnings? If the developers of this site, could write code for such a great site, like Freebitco.in, then they should not have a problem doing something like that.  Huh

The most controversial part of this site is the Lottery, so I would rather focus on reporting "Winnings" of the lottery on public platforms, than reporting on Free-Roll big wins of $200.  Roll Eyes

wetsuit doesn't think that it would convince people. If someone still doubts it now that it is provably fair they will find a way to convince themselves that we faked the reporting as well. I tend to agree with that analysis. Besides that, the lottery is so popular we really don't need to convince more people to play.

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May 16, 2018, 03:54:26 PM
 #5980

...
So if you think it is provably fair, I can say yes but there is no proof yet that the address that winning is a solid address with human in it, that might be a bot or anyone that regenerate the address to get that prize as well

I have said this too before (can't find link to my post yet) that those winners could have been inactive members
the winner could be one of the unused/unmaintained accounts that has active referrals contributing lottery tickets
or unretrievable lost accounts because of forgotten password, lost email access and etc
or even banned accounts that I think still have valid records in the user database
the main thing is the account has active referrals that keeps generating lottery tickets

Nope you are wrong here because there is no way inactive players can join here because they need to submit their tickets before they can claim it as well. But for active referrals may be it is still possible to do but I believe the chances is pretty small compare to an actice players here. You can see yourselves the conparison between an active players and not active, there has so huge difference so this might happen if the players is active but yet not one claimed it here that they are winning
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