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Author Topic: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!  (Read 311348 times)
TheQuin
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June 18, 2019, 11:01:14 AM
 #9241

A chance to win some more Bitcoin for anyone with an Instagram account.

https://www.instagram.com/p/By2Q8RugR4i/

Quote
The contestants with the highest likes and shares will win a Cash prize pool ($1000 Giveaway) in their FreeBitco.in account.



freebitcoin.TO WIN A  LAMBORGHINI!..

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docthusinh
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June 19, 2019, 02:09:31 AM
 #9242

If I wanted a lot of tickets for this lottery, I would rather buy them with my own money than wager 20x of the ticket price to receive just one. So, I think, there are big chances of seeing posts from those people here.

Agreed, but when doing so, not only do you get a golden ticket; you also qualify for the monthly wagering contest (and make your referer happy).

I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

His referer has earned $5,000, 1.60956384BTC and the lottery tickets and reward points are tricky here, because
Quote
We also give you 1 free lottery ticket and 2 reward points for every FREE BTC roll your referrals play!

Hi-Lo game is more than just a multiply game where you get a ticket for the lambo; there is a very well designed system behind it

Honestly, every day I get more amazed seeing how well wetsuit has managed to create a site in which he "gives free bitcoins" with only one community manager and himself

Agree on Hi-Lo game, this site beat all of others in term of dice gambling but i am not sure why it is not belonging to casino category (on those ranking sites). I was upset about the house edge and try load shit of other sites to look for an alternative, but all of them have same kind of limit either on betting speed for small size bets or minimum bet size. Most players will not recognize this benefit but the top players/whales running after the wagering contest would prefer this advantage despite high house edge (risking the same capital but x3 x5 speed thus wagering more during the contest time frame)
TheQuin
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June 19, 2019, 03:35:18 AM
 #9243

Agree on Hi-Lo game, this site beat all of others in term of dice gambling but i am not sure why it is not belonging to casino category (on those ranking sites). I was upset about the house edge and try load shit of other sites to look for an alternative, but all of them have same kind of limit either on betting speed for small size bets or minimum bet size. Most players will not recognize this benefit but the top players/whales running after the wagering contest would prefer this advantage despite high house edge (risking the same capital but x3 x5 speed thus wagering more during the contest time frame)

It is because the casino ranking sites don't understand the business. The house edge pays for all the things we giveaway which exactly the same model land-based bricks and mortar casinos use (typically with a much higher house edge).
I actually think it is a good thing that dicesites.com doesn't list us as our competitors would notice that we always in the top 3 and often first for turnover. They might want to change their business model and compete with us.
Speed is indeed another one of our big competitive advantages.

freebitcoin.TO WIN A  LAMBORGHINI!..

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June 19, 2019, 09:47:21 AM
 #9244

~
I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

~

Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.

carlfebz2
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June 19, 2019, 10:06:47 PM
 #9245

~
I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

~

Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.
I don't know where you do get the calculation of 10BTC yet wagered amounts is the total of bets made its either on fixed or random bet size.So theres no exact amount of money that you can loss basing on what you do wager. 3% chance on winning that Huracan is already big considering on how many people do participate with this lottery.



.
.BIG WINNER!.
[15.00000000 BTC]


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June 19, 2019, 10:34:07 PM
 #9246

I would like to see the owner of the site add more sports to bet on like the MLB which I like to bet on, also some golf tournaments and major boxing and UFC fights would also be great to have for us to bet on.



.
.BIG WINNER!.
[15.00000000 BTC]


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June 20, 2019, 02:15:56 AM
 #9247

~
I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

~
Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.

Including of 1% wagering bonus then another 2.68btc plus it take more time to loose that 10btc because of possible outcome of bet result 0 to 10000 would result a harder bad loosing streak than 0 to 99.9999 (10001 outcomes vs 1000000 outcomes)
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June 20, 2019, 07:24:17 AM
 #9248

~
Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.
I don't know where you do get the calculation of 10BTC yet wagered amounts is the total of bets made its either on fixed or random bet size.So theres no exact amount of money that you can loss basing on what you do wager. 3% chance on winning that Huracan is already big considering on how many people do participate with this lottery.

The house edge on freebitco.in is 5%. It means that, on average, you would lose $50 while wagering $1,000. Normally, the more bets you make, the closer you become to the situation when you lose 5% of your wagered amount to the site, but for illustrative purposes I will show that on two bets. If you make two bets with 50% win chance, the most expected outcome is to win one and to lose another. Since the house edge of the site is 5%, the multiplier for 50% win chance is 1.9x.  In case of winning a bet your net profit is $900, and when you lose, you lose $1,000. So, while wagering $2,000 (2 bets, $1,000 each), you lose $100 to the site, or exactly 5% of your wagered amount($2,000).

Now, let's see what is 5% of 268 BTC:

(268:100)x5 = 13.4

It is expected that you will lose 13.4 BTC (or "over 10 BTC", as I said) on a site with 5% house edge while wagering 268 BTC.

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June 20, 2019, 08:55:21 AM
 #9249

Sorry if I lost the answer I will ask again.

Any plan to add more sports betting especially on European football/soccer?

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June 20, 2019, 09:04:29 AM
 #9250

Sorry if I lost the answer I will ask again.

Any plan to add more sports betting especially on European football/soccer?

We're constantly adding new events. You can select the category 'New" on the betting page to see them. It's summer in Europe so not much football happening but we have added Copa America games and the Cricket World Cup seems popular right now.

freebitcoin.TO WIN A  LAMBORGHINI!..

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June 20, 2019, 06:46:11 PM
 #9251

~
Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.
I don't know where you do get the calculation of 10BTC yet wagered amounts is the total of bets made its either on fixed or random bet size.So theres no exact amount of money that you can loss basing on what you do wager. 3% chance on winning that Huracan is already big considering on how many people do participate with this lottery.

The house edge on freebitco.in is 5%. It means that, on average, you would lose $50 while wagering $1,000. Normally, the more bets you make, the closer you become to the situation when you lose 5% of your wagered amount to the site, but for illustrative purposes I will show that on two bets. If you make two bets with 50% win chance, the most expected outcome is to win one and to lose another. Since the house edge of the site is 5%, the multiplier for 50% win chance is 1.9x.  In case of winning a bet your net profit is $900, and when you lose, you lose $1,000. So, while wagering $2,000 (2 bets, $1,000 each), you lose $100 to the site, or exactly 5% of your wagered amount($2,000).

Now, let's see what is 5% of 268 BTC:

(268:100)x5 = 13.4

It is expected that you will lose 13.4 BTC (or "over 10 BTC", as I said) on a site with 5% house edge while wagering 268 BTC.
Oh I got it.This is just a typical HE we are talking into.Im just little bit curious about that over 10BTC thing without making any calculation.Thanks for the clarification though.



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June 20, 2019, 08:51:13 PM
 #9252

Quote
you lose $100 to the site

The bet on events section is included in the wagering amounts contest and one of the events is the next Republican candidate.   Isnt this a super obvious outcome and an easy bet/win to put a large amount on, is that person who does that really losing anything but gaining tickets and entry into the contests from participating.    42 people bet Nikki Haley as the next Candidate for 2020 election, I love the random outcomes like that as it keeps things interesting but its probably a 1 in a million likelyhood from what I know of USA politics in the last 30 years, hence I'd say the odds arent good enough for me to go that way.    The next best guess would be Pence or others but again less then 1 in 100 imo

I would do the events thing far more, I already placed a few bets on various things but the odds change of course as more information comes through over time.   I realise theres a time adjustment to avoid people piling in at the last minute but I dont know the odds exactly what I'll be paid on, its just a guide as it relies on future money placed on the various outcomes.     I have done bets like that before but I dont know if it'll swing away from what I view as very good odds into a bad odds vs risk scenario.      I guess I'm right in saying all the odds will change and I cant just get fixed odds on some outcome and be more calculating in my risk vs payout

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June 21, 2019, 05:55:16 AM
 #9253

~
I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

~
Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.

Including of 1% wagering bonus then another 2.68btc plus it take more time to loose that 10btc because of possible outcome of bet result 0 to 10000 would result a harder bad loosing streak than 0 to 99.9999 (10001 outcomes vs 1000000 outcomes)

Not to mention including the rewards points which if he trades in as you say, it's already worth 1 BTC plus, and not to mention the possible chances he has as a result of the lottery tickets. So I think he has a good chance of breaking even, or, if his intention is to just gain as much as possible, then to even just try and keep his balance and go for RPs and Lottery tickets. We can only know if he comes in and tells us though:)

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June 21, 2019, 06:10:38 AM
 #9254

I think when calculating that type of high amounts it is wise to consider the house edge because these people who wager over 250 bitcoins is not stupid enough to try and catch the losses, they are probably doing more stable runs and maybe even low odds, we are talking about chances of losing and all but if you automate it with low satoshi plus high odds of winning there is a bigger chance of not losing in matter of seconds, the house edge is still house edge but that way you won't be getting all your money lost with couple bad streaks.

That is why calculating with house edge is proper on those guys and he literally made 1 bitcoin of it back already, plus he made 50k+ tickets which gives him the highest advantage of winning the lambo over anyone yet its still not decided, many lottery tickets which he could then go and win as well plus rewards points to buy multiple stuff as well.

The "5% house edge covers for the website" can be calculated here by seeing how he lost around 10-15 bitcoin on house edge but recovered about 5+ in many other stuff depending on if he wins or not but even if he doesn't "someone" does so it works eventually.

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June 21, 2019, 06:16:05 AM
 #9255

Not to mention including the rewards points which if he trades in as you say, it's already worth 1 BTC plus, and not to mention the possible chances he has as a result of the lottery tickets. So I think he has a good chance of breaking even, or, if his intention is to just gain as much as possible, then to even just try and keep his balance and go for RPs and Lottery tickets. We can only know if he comes in and tells us though:)

Look at the last few months results and you can see how many lottery prizes they have won.
They *might* also be maxing out on the Multiply BTC bonus allowing them to double 1% of amount wagered and also be getting a nice cut from their referrer giving them a share back.

The "5% house edge covers for the website" can be calculated here by seeing how he lost around 10-15 bitcoin on house edge but recovered about 5+ in many other stuff depending on if he wins or not but even if he doesn't "someone" does so it works eventually.

Or they *might* be winning. That would explain why they are still playing.

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June 21, 2019, 09:40:32 AM
 #9256


We're constantly adding new events. You can select the category 'New" on the betting page to see them. It's summer in Europe so not much football happening but we have added Copa America games and the Cricket World Cup seems popular right now.


Just saw the Copa America thing, if you want a suggestion it will be nice to add a winner betting at the start of the competition too to keep the betting interesting

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June 21, 2019, 05:32:56 PM
 #9257

They "might" be winning but even if that same person doesn't someone like him may win, or someone else who played only once would win but in the end the casino does give it away, its not staying on freebitcoin, its not some money thats gone forever, its a cost for freebitcoin and even if freebitcoin takes the %5 house edge in the end they are not keeping it which is the whole point of this.

You guys are taking more house edge than anyone else that is for sure but you guys are giving away A LOT MORE than anyone I have ever seen, not just faucet by the way, if you wanted to be known as just faucet you would have created one and put ads and be done with it but no, you guys are giving away whole lot more and that requires the 5% house edge which we all understand.

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June 22, 2019, 01:03:52 AM
 #9258

They "might" be winning but even if that same person doesn't someone like him may win, or someone else~

That was the point I was trying to make. You can't make the assumption that everyone loses the EV. It doesn't work like that because there is variance of luck and in reality, some players win and others lose.

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June 22, 2019, 03:12:30 AM
 #9259

They "might" be winning but even if that same person doesn't someone like him may win, or someone else~

That was the point I was trying to make. You can't make the assumption that everyone loses the EV. It doesn't work like that because there is variance of luck and in reality, some players win and others lose.
You two are arguing different cases.

TheQuin is talking about the individual cases of variance.
darewaller is talking about the aggregate: the holistic sum of all profits.

That is, even if an individual from the entirety wins some, on average, those losses (on the casino's end) are made up with other players losing the same amount or more. These are, of course, statistical likelihoods and hence the results are always probabilistic.

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June 22, 2019, 03:24:33 AM
 #9260

TheQuin is talking about the individual cases of variance.
darewaller is talking about the aggregate: the holistic sum of all profits.

That is, even if an individual from the entirety wins some, on average, those losses (on the casino's end) are made up with other players losing the same amount or more. These are, of course, statistical likelihoods and hence the results are always probabilistic.

Agreed, but the conversation started out about an individual case. The customer that keeps winning the wagering contest for months on end. We can't assume that they have lost.

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