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[broke_tradah]

@broke, every time you click roll you get two free tickets.

Yea but I dont consider those as a "loss" because someone had to deposit and lose in multiply game for me to get those,  so it's not anything freebitco had to fund themselves.  The users of the site fund it,  not freebitco.  Thus freebitco cant claim it as "a loss" to them because it's not.  So thats why I was asking where one could buy tickets for less than 1 sat (the point is you cant heh).  TheQuinN has a bad habit of trying to paint things in snake oil speak (classic marketer,  he likes to call others snake oily instead of looking in the mirror so I call him snake oil in return lol).  He purposely leaves out important details that users should know.

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[jackg]

@broke, every time you click roll you get two free tickets.

Yea but I dont consider those as a "loss" because someone had to deposit and lose in multiply game for me to get those,  so it's not anything freebitco had to fund themselves.  The users of the site fund it,  not freebitco.  Thus freebitco cant claim it as "a loss" to them because it's not.  So thats why I was asking where one could buy tickets for less than 1 sat (the point is you cant heh).  TheQuinN has a bad habit of trying to paint things in snake oil speak (classic marketer,  he likes to call others snake oily instead of looking in the mirror so I call him snake oil in return lol).  He purposely leaves out important details that users should know

OK. Other than the bit of craziness at the end... Erm what?

You don't have to lost the multiply game to get tickets, I can get them just by multiplying with a few sats it's not that difficult and you can do the captchas otherwise.

Or you could use your reward points to try to get more tickets per free roll also?

[broke_tradah]

You don't have to lost the multiply game to get tickets, I can get them just by multiplying with a few sats it's not that difficult and you can do the captchas otherwise.

Or you could use your reward points to try to get more tickets per free roll also?

How to get them is not what I was referencing.  It's how the capitol for those free rolls is created.  Free rolls only exist because the dice game causes people to lose on purpose (it's purposefully rigged AGAINST players with a massive 5% house edge).  Therefore those "tickets" are also coming from that massive 5% house edge.  Since the players are the ones footing the bill for the house edge and not Freebitco,  it's the PLAYERS that are losing,  not freebitco.  Wetsuit no longer has his own capitol in the site.  He got that all back years ago.  He started it with 5BTC and has since made that back and then some.  Like.  A LOT of then some.  They might say "Oh but the cost of the servers" yada yada is just utter BS.  I'm a systems administrator and I know that a server only costs $20/month max for a site like this.  The bandwidth wouldnt be all that bad either because it's all text.  No videos, images,  etc.  The cost to pay TheQuinN might be something to consider but unless he's making a few mill/month,  his cost isnt really that much compared to what he site does in profit anyway.  Casinos are extremely profitable.  Thats why they are banned nearly everywhere (including online,  freebitco isnt exactly legal in the US because it does no KYC among other requirements heh) because if they could,  they'd have a casino in every town causing a large percent of the population to become completely poor due to gambling habits.  So if you realize that they are already operating with less than legal/honest status,  you need to question everything else as well.  https://www.gamblingsites.com/online-gambling-jurisdictions/us/  Quite a few states just outright ban online gambling all together regardless (Since that time, state law related to gambling has continued to evolve. Some US states have gone so far as to outlaw online gambling outright. The states of New Jersey and Nevada, for example, have declared that all non-state regulated online gambling is illegal. The other anti-online gaming states outlaw Internet betting in all forms.)

All it would take is for one disgruntled player to contact their state with a complaint and shit would change in a hurry for wetsuit.  This is why I have absolutely NO respect for any illegal online casino (such as freebitco) or anyone who works for one.  I'll abuse them until the cows come home (with my bot of course lol) because I know there is nothing they can do legally about it without getting themselves in hot water as well.  So dont believe anything Wetsuit or TheQuinN have to say.  They are just as much of a crook as any one else doing illegal things.  They dont get to call the kettle a cooking item when they are themselves a stove and will burn you at every opportunity possible.  I'm sure the IRS would be interested in just how much BTC goes through wetsuit's paws.

[jackg]

You don't have to lost the multiply game to get tickets, I can get them just by multiplying with a few sats it's not that difficult and you can do the captchas otherwise.

Or you could use your reward points to try to get more tickets per free roll also?

How to get them is not what I was referencing.  It's how the capitol for those free rolls is created.  Free rolls only exist because the dice game causes people to lose on purpose (it's purposefully rigged AGAINST players with a massive 5% house edge).  Therefore those "tickets" are also coming from that massive 5% house edge.  Since the players are the ones footing the bill for the house edge and not Freebitco,  it's the PLAYERS that are losing,  not freebitco.  Wetsuit no longer has his own capitol in the site.  He got that all back years ago.  He started it with 5BTC and has since made that back and then some.  Like.  A LOT of then some.  They might say "Oh but the cost of the servers" yada yada is just utter BS.  I'm a systems administrator and I know that a server only costs $20/month max for a site like this.  The bandwidth wouldnt be all that bad either because it's all text.  No videos, images,  etc.  The cost to pay TheQuinN might be something to consider but unless he's making a few mill/month,  his cost isnt really that much compared to what he site does in profit anyway.  Casinos are extremely profitable.  Thats why they are banned nearly everywhere (including online,  freebitco isnt exactly legal in the US because it does no KYC among other requirements heh) because if they could,  they'd have a casino in every town causing a large percent of the population to become completely poor due to gambling habits.  So if you realize that they are already operating with less than legal/honest status,  you need to question everything else as well.  https://www.gamblingsites.com/online-gambling-jurisdictions/us/  Quite a few states just outright ban online gambling all together regardless (Since that time, state law related to gambling has continued to evolve. Some US states have gone so far as to outlaw online gambling outright. The states of New Jersey and Nevada, for example, have declared that all non-state regulated online gambling is illegal. The other anti-online gaming states outlaw Internet betting in all forms.)

All it would take is for one disgruntled player to contact their state with a complaint and shit would change in a hurry for wetsuit.  This is why I have absolutely NO respect for any illegal online casino (such as freebitco) or anyone who works for one.  I'll abuse them until the cows come home (with my bot of course lol) because I know there is nothing they can do legally about it without getting themselves in hot water as well.  So dont believe anything Wetsuit or TheQuinN have to say.  They are just as much of a crook as any one else doing illegal things.  They dont get to call the kettle a cooking item when they are themselves a stove and will burn you at every opportunity possible.

Report them then?
It would be quite interesting to watch...

And the issue you have is with casino's not this one in general. The 5% house edge is quite high but that's how gambling works, but 5% is EXTREMELY high I'll give you that one.
And the bandwidth thing is right, it probably doesn't take much to run their servers.

[TheQuin]

It ISN'T being run at a loss. If that's what you and wetsuit are saying @thequin then quite frankly you are both lying (though I don't have an algorithm to run through the data and check).

The lottery is run as a loss leader. Most of the tickets are either given away through free rolls or lotto RP bonus or bought with free rolls winnings. As I explained to Kakmakr earlier.

That's how the site runs. The 5% house edge pays for all the other things that attract users to the site. It's the same model they use in bricks and mortar casinos. If you walk down the Vegas strip you won't see billboards showing how low their house edge is you'll see they compete to have the highest progressive slot jackpot and comps. Free drinks, meals, tickets to a show or a penthouse suite for high rollers. That's a business model that works in the gambling industry and part of the reason why we have a turnover as high or higher than all the 1% house edge crypto casinos.

Vegas casinos run an edge anywhere between 5% and 17% on their most popular games.

broken_record just wants to make a lot of noise and call us out for running a successful casino using the same business model. I've already answered all his bullshit countless times. He just goes back to the start and tries and fails to make the same arguments again.

[broke_tradah]

Most of the tickets are either given away through free rolls or lotto RP bonus or bought with free rolls winnings. As I explained to Kakmakr earlier.

LMFAO,  cool more lies that are easily debunked.  So explain why 80% or more of most ticket sales are done right after the lottery tweet goes out.  This is people buying tickets with 1sat based on the current total they see,  not with free anything,  reward or otherwise.  It's a mad dash right at the end of the lottery scheduled time in order to get the largest/highest possible winning percentage.  I wouldnt doubt that the "free" tickets account for less than 1% of the pot.

But since Freebitco DOESNT SHOW THAT STATISTIC (the reason is because if they did,  the lies would be exposed,  and even if they DID display it,  it would obviously be fake numbers anyway because there is no proof,  those transactions are not on a blockchain anywhere),  all we have to go on is hearsay buy a bunch of known criminals.

NEW FEATURE:  Lottery tickets that are purchased as ETH ERC20 token.  Therefore every ticket can be accounted for as to how it was purchased.  Thats the ONLY way to prove that the numbers are what you say they are.  There is no other way to prove it.  But we all know that'll never happen because then all the lies you spewed out in the past would be uncovered.

[jackg]

It ISN'T being run at a loss. If that's what you and wetsuit are saying @thequin then quite frankly you are both lying (though I don't have an algorithm to run through the data and check).

The lottery is run as a loss leader. Most of the tickets are either given away through free rolls or lotto RP bonus or bought with free rolls winnings. As I explained to Kakmakr earlier.

THE LOTTERY IS NOT RUN AT A LOSS. I KNOW YOU DONT HAVE MUCH DATA TO RUN OFF AS YOURE JUST GOING OFF WHAT WETSUIT TELLS YOU.

That's how the site runs. The 5% house edge pays for all the other things that attract users to the site. It's the same model they use in bricks and mortar casinos. If you walk down the Vegas strip you won't see billboards showing how low their house edge is you'll see they compete to have the highest progressive slot jackpot and comps. Free drinks, meals, tickets to a show or a penthouse suite for high rollers. That's a business model that works in the gambling industry and part of the reason why we have a turnover as high or higher than all the 1% house edge crypto casinos.

Vegas casinos run an edge anywhere between 5% and 17% on their most popular games.

broken_record just wants to make a lot of noise and call us out for running a successful casino using the same business model. I've already answered all his bullshit countless times. He just goes back to the start and tries and fails to make the same arguments again.

I'm not in Vegas, none of us are in Vegas that's not an excuse.
Where's the ground rent you have to pay and the taxes and the staff that need employing?
Who's a troll, I can't tell anymore. Is it you, is it them, is it wetsuit? You're all just spreading FUD everywhere.

[TheQuin]

I'm not in Vegas, none of us are in Vegas that's not an excuse.
Where's the ground rent you have to pay and the taxes and the staff that need employing?
Who's a troll, I can't tell anymore. Is it you, is it them, is it wetsuit? You're all just spreading FUD everywhere.

We are not in Vegas but we use the same business model of giving away free stuff to bring customers in. We don't run a massive progressive slot jackpot funded by a 17% edge, we run a faucet, lotto and rewards program funded by a 5% house edge.
 

[broke_tradah]

I'm not in Vegas, none of us are in Vegas that's not an excuse.
Where's the ground rent you have to pay and the taxes and the staff that need employing?
Who's a troll, I can't tell anymore. Is it you, is it them, is it wetsuit? You're all just spreading FUD everywhere.

We are not in Vegas but we use the same business model of giving away free stuff to bring customers in. We don't run a massive progressive slot jackpot funded by a 17% edge, we run a faucet, lotto and rewards program funded by a 5% house edge with NO OVERHEAD from multi-million (or in some cases billion) dollar brick/mortar casinos with 100s or 1000s of employees / wait staff, free drinks, etc.
 

Fixed.  See, like I said,  he leaves out the important details.  LMFAO.  The same business model is successful at 0% edge when it's done properly online (and no it doesnt require ads but it DOES require being licensed/registered in every applicable jurisdiction that you want to service) and yes I can give examples (erm, I already have but you keep reporting them and having them deleted because you're trying to hide the facts under the guise of some retarded forum rule that really doesnt apply when given context which the mods never read LMFAO).  Having an absurdly high 5% house edge online is just snake oil'ish (your terms not mine).  And not being registered/licensed (anywhere,  let alone in the US) is a huge red flag as well.  So stop talking like this is some sort of legit operation.  BECAUSE ITS NOT.  And you clowns wonder why I target you with my public bot haha.  #idiots

[jackg]

I'm not in Vegas, none of us are in Vegas that's not an excuse.
Where's the ground rent you have to pay and the taxes and the staff that need employing?
Who's a troll, I can't tell anymore. Is it you, is it them, is it wetsuit? You're all just spreading FUD everywhere.

We are not in Vegas but we use the same business model of giving away free stuff to bring customers in. We don't run a massive progressive slot jackpot funded by a 17% edge, we run a faucet, lotto and rewards program funded by a 5% house edge.
 

So like Vegas you're now using plumes of smoke to hide stuff... Shame the forum is without a flashing lights functionality...

In other words you're just avoiding answering me.

[broke_tradah]

Crickets.  lol  It sure got awful quiet all of a sudden  He's usually all spunky and rearing to reply.  Maybe he got canned/muted lol.

[TheQuin]

So like Vegas you're now using plumes of smoke to hide stuff... Shame the forum is without a flashing lights functionality...

In other words you're just avoiding answering me.

I'm not avoiding answering you but I'm avoiding repeating myself.

The lottery is run as a loss leader. Most of the tickets are either given away through free rolls or lotto RP bonus or bought with free rolls winnings.

You can turn caps lock on and call me a liar all you want. That's still how the lottery works.

The reason I'm using Vegas as an example is to show that 5% house edge used to fund promotional activities is the norm in the fiat gambling market. People that frequent the gambling board of this forum may obsess with the house edge but the wider audience of customer base doesn't.

I'm such an imbecilic idiot that the peanut rattling around inside my skull thinks editing other people's posts is clever.

FTFY

[broke_tradah]

The reason I'm using Vegas as an example is to show that 5% house edge used to fund promotional activities is the norm in the fiat brick and mortar gambling market. People that frequent the gambling board of this forum may obsess with the house edge but the wider audience of customer base who are clueless that they are being ripped off doesn't so that is how we justify making it ok.  Not to mention we're also completely unlicensed/unregistered so we can do whatever we want. Rules, laws, and morals dont apply to us,  they only apply to anyone we dont approve of.

Fixed.  Gotta stop leaving out the important details bro,  fixing your statements so that they are truthful and correct are becoming a full time job lol.  Might have to put off the next version of my bot by a day or two with all this extra work your tossing us.

[Kakmakr]

I'm not in Vegas, none of us are in Vegas that's not an excuse.
Where's the ground rent you have to pay and the taxes and the staff that need employing?
Who's a troll, I can't tell anymore. Is it you, is it them, is it wetsuit? You're all just spreading FUD everywhere.

We are not in Vegas but we use the same business model of giving away free stuff to bring customers in. We don't run a massive progressive slot jackpot funded by a 17% edge, we run a faucet, lotto and rewards program funded by a 5% house edge.
 

Ok, this does makes sense now. I always thought that the money invested into the mining side are paying for some of the features offered on this site. I know some people get crazy interest on their savings in Bank accounts <In some third world countries, up to 10%+> So if you invested some money into a normal savings account in these countries, then mining would not even be necessary. <Explaining where the money came from and dealing with the tax issues, might be a problem. >

Why bother with mining, if you can just invest the money in another country at a high interest rate.  You will find that people from these third world countries would not even  use this service, because they get 10%+ per year in a Bank.

[TheQuin]

Why bother with mining, if you can just invest the money in another country at a high interest rate.   You will find that people from these third world countries would not even  use this service, because they get 10%+ per year in a Bank.

Currency risk. If the interest rate is that high in a country it is because the currency is devaluing against the reserve currencies. This fact is used to make a profit by professional traders with a carry trade.

I've never asked but I always assumed that the real point of the mining was to diversify. If the site has a bad month then the mining is there to provide another income.

[Kakmakr]

Why bother with mining, if you can just invest the money in another country at a high interest rate.   You will find that people from these third world countries would not even  use this service, because they get 10%+ per year in a Bank.

Currency risk. If the interest rate is that high in a country it is because the currency is devaluing against the reserve currencies. This fact is used to make a profit by professional traders with a carry trade.

I've never asked but I always assumed that the real point of the mining was to diversify. If the site has a bad month then the mining is there to provide another income.

Yea, it makes sense too. We saw what happened a few years ago, when the Ad companies stopped paying for faucet traffic, so having a backup plan is not a luxury, but rather an necessity. I presume this service is US or UK based, so I doubt if this would have been possible. A person in one of these third world countries might be more successful with this, because he has access to these local Banks with the high interest rates.

I was not referring to currency trades, just Banking in countries where the interest rates are higher. My cousin is working full-time in another country and he is getting 10.6% interest per year in a Bank. ^crazy^ <long-term fixed deposits>

[jackg]

Why bother with mining, if you can just invest the money in another country at a high interest rate.  You will find that people from these third world countries would not even  use this service, because they get 10%+ per year in a Bank.

Currency risk. If the interest rate is that high in a country it is because the currency is devaluing against the reserve currencies. This fact is used to make a profit by professional traders with a carry trade.

I've never asked but I always assumed that the real point of the mining was to diversify. If the site has a bad month then the mining is there to provide another income.

Actually, banks in my country have interest rates of 3% max which is pretty off, however, if you invest in a company that gives business loans then you can usually get anywhere from 5-20% profit per year (the currency is as stable as currency Fiat currency can be).

[ADReHaJIuH4uK]

This site still works and pays?

[TheQuin]

This site still works and pays?

Yep, been going strong for nearly 5 years now.

[jackg]

I'm not in Vegas, none of us are in Vegas that's not an excuse.
Where's the ground rent you have to pay and the taxes and the staff that need employing?
Who's a troll, I can't tell anymore. Is it you, is it them, is it wetsuit? You're all just spreading FUD everywhere.

We are not in Vegas but we use the same business model of giving away free stuff to bring customers in. We don't run a massive progressive slot jackpot funded by a 17% edge, we run a faucet, lotto and rewards program funded by a 5% house edge with NO OVERHEAD from multi-million (or in some cases billion) dollar brick/mortar casinos with 100s or 1000s of employees / wait staff, free drinks, etc.
 

Fixed.  See, like I said,  he leaves out the important details.  LMFAO.  The same business model is successful at 0% edge when it's done properly online (and no it doesnt require ads but it DOES require being licensed/registered in every applicable jurisdiction that you want to service) and yes I can give examples (erm, I already have but you keep reporting them and having them deleted because you're trying to hide the facts under the guise of some retarded forum rule that really doesnt apply when given context which the mods never read LMFAO).  Having an absurdly high 5% house edge online is just snake oil'ish (your terms not mine).  And not being registered/licensed (anywhere,  let alone in the US) is a huge red flag as well.  So stop talking like this is some sort of legit operation.  BECAUSE ITS NOT.  And you clowns wonder why I target you with my public bot haha.  #idiots

But there's not so.much profit when done your way and there are quite a few things to pay for:
1. The lottery jackpot
2. Affiliates
3. Free rollal
4. Reward points...

Also, this site is legit in a lot of countries and in ones that it isn't, there's not much they can do.

What's the snake oil stuff also?