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Author Topic: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!  (Read 303624 times)
Betwrong
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September 15, 2018, 09:31:53 AM
 #7281


agree! lower the house edge to 2-3% and remove all referral commissions
but keep reward point program running for the sole benefit of the user himself
I bet our favourite "thread's fan" Kiss will start screaming a different tone,
he will start demanding wetsuit to put back the referral commission system Grin Tongue

You've got it right in that reducing the house edge would mean removing something else. We're happy we have the balance correct at the moment and will not be changing that.


I support this. The site is working perfectly and there are thousands and thousands of satisfied customers, and changing anything in this situation would be a mistake imo. It's the new appearing sites who have to try with different approaches changing them constantly until they come up with something which satisfy many users. Freebitco.in has done that in the past and ended up with a great working model which should rather be studied by others than criticized.

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1558578151
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Kprawn
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September 15, 2018, 07:47:00 PM
 #7282

I second that  Wink  I think Wetsuit fine tuned this operation to the tee and any change in the house edge will unbalance the

whole thing. Let's rather accept that a higher house edge is necessary to cross fund other features on the site and be done

with it. We do not want a lower house edge with less features, right? Freebitco.in is a streamlined engine and too many

tinkering will cause damage to the well oiled gears of the operation.  Tongue

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jackg
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September 15, 2018, 08:02:00 PM
 #7283

I second that  Wink  I think Wetsuit fine tuned this operation to the tee and any change in the house edge will unbalance the whole thing. Let's rather accept that a higher house edge is necessary to cross fund other features on the site and be done with it. We do not want a lower house edge with less features, right? Freebitco.in is a streamlined engine and too many tinkering will cause damage to the well oiled gears of the operation.  Tongue

Can we not start a new line mid sentence, it's causing me quite a headache.
But yeah in some ways it probably is quite streamlined, I think giving 0.4% of what is wagered is quite high but if it works then fine (I'd be up for the idea of reducing the referral bonus since thequin wants to attract noobs who probably won't find this site through others and are more likely to stumble across it in other places and on this forum)...

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September 16, 2018, 08:30:07 AM
Merited by jackg (1)
 #7284

I second that  Wink  I think Wetsuit fine tuned this operation to the tee and any change in the house edge will unbalance the whole thing. Let's rather accept that a higher house edge is necessary to cross fund other features on the site and be done with it. We do not want a lower house edge with less features, right? Freebitco.in is a streamlined engine and too many tinkering will cause damage to the well oiled gears of the operation.  Tongue

Can we not start a new line mid sentence, it's causing me quite a headache.
But yeah in some ways it probably is quite streamlined, I think giving 0.4% of what is wagered is quite high but if it works then fine (I'd be up for the idea of reducing the referral bonus since thequin wants to attract noobs who probably won't find this site through others and are more likely to stumble across it in other places and on this forum)...

I disagree. Dropping the house edge will pull the customer base you should be targeting, not the faucet suckers that are sucking the place dry at the moment. Freebitco.in is not a faucet site anymore, so there is no reason why we should add higher referral bonuses to attract these non-gamblers.

I think gamblers are looking for sites with the lowest house edge and by dropping the house edge, we would be drawing in the target crowd that we should be targeting.  Wink

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September 16, 2018, 08:43:44 AM
 #7285

I disagree. Dropping the house edge will pull the customer base you should be targeting, not the faucet suckers that are sucking the place dry at the moment. Freebitco.in is not a faucet site anymore, so there is no reason why we should add higher referral bonuses to attract these non-gamblers.

I think gamblers are looking for sites with the lowest house edge and by dropping the house edge, we would be drawing in the target crowd that we should be targeting.  Wink

I disagree with your disagreement. There a few big referral whales that have brought in a huge income to us over the years and they continue to advertise and pull in new customers.

I think our turnover numbers compared to the low house edge sites shows that there is a big market for running the site the way we do. Abandoning our successful business model and going to compete in an already overcrowded sector isn't something that's going to happen.

Gary.Wilson_Jr.
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September 16, 2018, 09:18:46 AM
 #7286

I disagree. Dropping the house edge will pull the customer base you should be targeting, not the faucet suckers that are sucking the place dry at the moment. Freebitco.in is not a faucet site anymore, so there is no reason why we should add higher referral bonuses to attract these non-gamblers.

I think gamblers are looking for sites with the lowest house edge and by dropping the house edge, we would be drawing in the target crowd that we should be targeting.  Wink

I disagree with your disagreement. There a few big referral whales that have brought in a huge income to us over the years and they continue to advertise and pull in new customers.

I think our turnover numbers compared to the low house edge sites shows that there is a big market for running the site the way we do. Abandoning our successful business model and going to compete in an already overcrowded sector isn't something that's going to happen.

Yes
Maybe I'm not a big referral whales that have brought in huge income but I am also a referrer
What I feel is that there are no other sites that give a huge referrer income like this

But unfortunately botnets have ruined everything
I hope freebitco.in finds new innovations to prevent botnets more effectively without reducing referrer income
TheQuin
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September 16, 2018, 09:24:46 AM
 #7287

Yes
Maybe I'm not a big referral whales that have brought in huge income but I am also a referrer
What I feel is that there are no other sites that give a huge referrer income like this

But unfortunately botnets have ruined everything
I hope freebitco.in finds new innovations to prevent botnets more effectively without reducing referrer income

We actually increased referral commission rates from 0.25% to 0.40% of wagered amount recently. We certainly have no plans to reduce it and I think that if we did it would be unfair to those that have already invested in advertising us.

We're constantly working on better ways to combat the cheats and simply having a second person dealing with it is already yielding some good results.

Betwrong
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September 16, 2018, 10:01:39 AM
 #7288

I disagree. Dropping the house edge will pull the customer base you should be targeting, not the faucet suckers that are sucking the place dry at the moment. Freebitco.in is not a faucet site anymore, so there is no reason why we should add higher referral bonuses to attract these non-gamblers.

I think gamblers are looking for sites with the lowest house edge and by dropping the house edge, we would be drawing in the target crowd that we should be targeting.  Wink

I disagree with your disagreement. There a few big referral whales that have brought in a huge income to us over the years and they continue to advertise and pull in new customers.

I think our turnover numbers compared to the low house edge sites shows that there is a big market for running the site the way we do. Abandoning our successful business model and going to compete in an already overcrowded sector isn't something that's going to happen.

I agree. It's like reducing the prices of meals in a well established expensive restaurant at the expense of food quality. Nobody does that, although it may seem like lowering the prices can attract more customers.

It's extremely hard to find a good working business model. And once you've found it, you shouldn't make critical changes while it works perfectly.

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jackg
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September 16, 2018, 11:58:14 AM
 #7289

I second that  Wink  I think Wetsuit fine tuned this operation to the tee and any change in the house edge will unbalance the whole thing. Let's rather accept that a higher house edge is necessary to cross fund other features on the site and be done with it. We do not want a lower house edge with less features, right? Freebitco.in is a streamlined engine and too many tinkering will cause damage to the well oiled gears of the operation.  Tongue

Can we not start a new line mid sentence, it's causing me quite a headache.
But yeah in some ways it probably is quite streamlined, I think giving 0.4% of what is wagered is quite high but if it works then fine (I'd be up for the idea of reducing the referral bonus since thequin wants to attract noobs who probably won't find this site through others and are more likely to stumble across it in other places and on this forum)...

I disagree. Dropping the house edge will pull the customer base you should be targeting, not the faucet suckers that are sucking the place dry at the moment. Freebitco.in is not a faucet site anymore, so there is no reason why we should add higher referral bonuses to attract these non-gamblers.

I think gamblers are looking for sites with the lowest house edge and by dropping the house edge, we would be drawing in the target crowd that we should be targeting.  Wink

Thank you.

Onto the topic, I think yes it would be good to see the house edge a bit lower and people would be more interested, if you can get everything with just a 3% edge then that's even better than the 5%.

I agree. It's like reducing the prices of meals in a well established expensive restaurant at the expense of food quality. Nobody does that, although it may seem like lowering the prices can attract more customers.

It's extremely hard to find a good working business model. And once you've found it, you shouldn't make critical changes while it works perfectly.

But when your chef quits you have to change the way you run things to keep up your reputation Grin.
I apologise for touching some sort of soft spot here but clearly, reducing the house edge to 3% would make it a greater site to play on and also mean you'd giveaway more lottery tickets, meaning, if people buy them, you go in profit if they try and get the same percentage each round or something.

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September 16, 2018, 12:09:22 PM
 #7290

Onto the topic, I think yes it would be good to see the house edge a bit lower and people would be more interested, if you can get everything with just a 3% edge then that's even better than the 5%.

That's 40% reduction in income. That would mean a 40% reduction in spending. That would mean we were just like all the other sites.


But when your chef quits you have to change the way you run things to keep up your reputation Grin.
I apologise for touching some sort of soft spot here but clearly, reducing the house edge to 3% would make it a greater site to play on and also mean you'd giveaway more lottery tickets, meaning, if people buy them, you go in profit if they try and get the same percentage each round or something.

He hasn't quit, he's taken on extra help as his business model works so well it is now too much work for him alone.

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September 16, 2018, 12:13:13 PM
 #7291

Yes
Maybe I'm not a big referral whales that have brought in huge income but I am also a referrer
What I feel is that there are no other sites that give a huge referrer income like this

But unfortunately botnets have ruined everything
I hope freebitco.in finds new innovations to prevent botnets more effectively without reducing referrer income

We actually increased referral commission rates from 0.25% to 0.40% of wagered amount recently. We certainly have no plans to reduce it and I think that if we did it would be unfair to those that have already invested in advertising us.

We're constantly working on better ways to combat the cheats and simply having a second person dealing with it is already yielding some good results.

Yes, I know that and thank you very much
but in the end they will stop playing because they lose
or if they win they will stop also to defend their victory, because if they continue to play in the end they will lose also by the house edge because gambling is about probability as you explained before

so honestly I prefer new referrals continuously, because as far as my experience new referrals make a much larger contribution and slowly decline until they finally stop.

------------------------------------------------------

what do you mean by "having a second person"?
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September 16, 2018, 12:42:41 PM
 #7292

Yes, I know that and thank you very much
but in the end they will stop playing because they lose
or if they win they will stop also to defend their victory, because if they continue to play in the end they will lose also by the house edge because gambling is about probability as you explained before

so honestly I prefer new referrals continuously, because as far as my experience new referrals make a much larger contribution and slowly decline until they finally stop.

Not all of them. Some gamble regularly for years on end.

what do you mean by "having a second person"?

Me  Cheesy

I taking a much more active role so that wetsuit has more time for strategy and development.

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September 16, 2018, 03:32:27 PM
 #7293

is there a way to cancel a pending slow withdrawal?
just right after I made a withdraw, I lost my left over balance Lips sealed this is the second time this month
the first time was a bit better, I can hold for 2-3 days before I busted Tongue
maybe just coincidence...  Roll Eyes

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September 16, 2018, 04:12:17 PM
 #7294

is there a way to cancel a pending slow withdrawal?
just right after I made a withdraw, I lost my left over balance Lips sealed this is the second time this month
the first time was a bit better, I can hold for 2-3 days before I busted Tongue
maybe just coincidence...  Roll Eyes

Yes, just don't click the link in the confirmation email and it will automatically cancel after one hour.

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September 16, 2018, 05:37:26 PM
 #7295

Is there a Problem with the Lottery?
Countdown is finished and no information on Twitter?

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September 16, 2018, 05:46:22 PM
 #7296

Is there a Problem with the Lottery?
Countdown is finished and no information on Twitter?

There does look to be some delay. I have alerted wetsuit but if that can't be rectified then we will do what we did the last time we had a technical failure on the lottery and refund all the tickets.

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September 16, 2018, 06:22:11 PM
 #7297

Is there a Problem with the Lottery?
Countdown is finished and no information on Twitter?

There does look to be some delay. I have alerted wetsuit but if that can't be rectified then we will do what we did the last time we had a technical failure on the lottery and refund all the tickets.

Yes, definitively something wrong with the lottery because countdown has ended and prizes still remain the same.
I didn't checked if tickets won after countdown has ended were added or not, hope they aren't lost between last week's ticket number that has ended and this week's ticket number that hasn't started yet.

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September 16, 2018, 06:36:48 PM
 #7298

At the moment tickets count for Lottery Round 172

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September 16, 2018, 06:49:26 PM
 #7299

At the moment tickets count for Lottery Round 172

Yea, count is all zeros at the moment, so it was not reset after the Lottery. http://prntscr.com/kv3mnn So, I think Wetsuit will

just credit you for the tickets you spend on the Lottery and you can just use that for the next round. I received my Lottery

ticket purchase amount back, the last time this happened.  Wink  This will mean the Lottery Jackpot will be much higher, if

everyone just use that refund to buy tickets again.  Grin

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September 16, 2018, 07:06:57 PM
 #7300

At the moment tickets count for Lottery Round 172

Yea, count is all zeros at the moment, so it was not reset after the Lottery. http://prntscr.com/kv3mnn So, I think Wetsuit will just credit you for the tickets you spend on the Lottery and you can just use that for the next round. I received my Lottery ticket purchase amount back, the last time this happened.  Wink  This will mean the Lottery Jackpot will be much higher, if everyone just use that refund to buy tickets again.  Grin

Do we get the money from the tickets if we got them through the hi-lo game?

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