FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest

[STT]

Pretty much every gambling site on the internet ever made is like this, the bonus is only really available after its been gambled a few times.  Some places are ridiculous and some a bit fairer but theres nowhere that allows straight withdrawl of a bonus or it'd be free cash.   If that ever existed it didnt continue for long

So how is the bonus system working now a days?

I bought some lottery ticket with my hourly claimed satoshis but I dont seem to get beyond "50.0000% achieved towards the next +0.00000014 BTC bonus!"

And after each claim it goes down again, so is it even possible to may the bonus without winning higher sums or putting external money in? How does it work, will it stay up or just go down again?

Basically you have to find a game you get lucky on often and play it and actually risk losing in order to qualify for this bonus.   Hopefully you come out on top

[eg3w45t6]

Also the 1000% BTC Bonus for 3200 reward points makes no sense. That would be 14 satoshi * 1000% = 140 statoshi * 23 claims in 24h = 3220 satoshi.

I simply could convert the 3200 RP to 3200 satoshi directly.

[TheQuin]

Also the 1000% BTC Bonus for 3200 reward points makes no sense. That would be 14 satoshi * 1000% = 140 statoshi * 23 claims in 24h = 3220 satoshi.

I simply could convert the 3200 RP to 3200 satoshi directly.

You would need to have a minimum of 100,000 reward points to be able to redeem them directly. It is a good alternative for most people as that would take a long time to achieve unless you have a lot of referrals or play a lot of hi-low game.

[eg3w45t6]

Also the 1000% BTC Bonus for 3200 reward points makes no sense. That would be 14 satoshi * 1000% = 140 statoshi * 23 claims in 24h = 3220 satoshi.

I simply could convert the 3200 RP to 3200 satoshi directly.

You would need to have a minimum of 100,000 reward points to be able to redeem them directly. It is a good alternative for most people as that would take a long time to achieve unless you have a lot of referrals or play a lot of hi-low game.

Ah ok, then it makes sense, the site doesn't tell you until you try.

[MinerHQ]

Also the 1000% BTC Bonus for 3200 reward points makes no sense. That would be 14 satoshi * 1000% = 140 statoshi * 23 claims in 24h = 3220 satoshi.

I simply could convert the 3200 RP to 3200 satoshi directly.

You would need to have a minimum of 100,000 reward points to be able to redeem them directly. It is a good alternative for most people as that would take a long time to achieve unless you have a lot of referrals or play a lot of hi-low game.

If you got more referrals then it is fine but never try to play this hi-low game on this game because this site got a high house edge and you may lose more than what you're aiming at the end. But if you can manage to get active referrals then you can make some good passive income from this site.

[TheQuin]

If you got more referrals then it is fine but never try to play this hi-low game on this game because this site got a high house edge and you may lose more than what you're aiming at the end. But if you can manage to get active referrals then you can make some good passive income from this site.

Actually, if you count in all the free extras, reward points, lottery tickets and bonuses it cancels out the higher house edge. I'm doing pretty well with the hi-lo game.

Active referrals are obviously the risk free way to make on the site and I've been lucky enough that about 20 of mine are still going every day after 4 years!

[MinerHQ]

If you got more referrals then it is fine but never try to play this hi-low game on this game because this site got a high house edge and you may lose more than what you're aiming at the end. But if you can manage to get active referrals then you can make some good passive income from this site.

Actually, if you count in all the free extras, reward points, lottery tickets and bonuses it cancels out the higher house edge. I'm doing pretty well with the hi-lo game.

Active referrals are obviously the risk free way to make on the site and I've been lucky enough that about 20 of mine are still going every day after 4 years!

I didn't understand how it will help you all those extra things in the hi-low game because site admin itself posted long back that he is making a profit from only this game on this site. That means whoever playing this game is losing and admin is making a profit to pay all those free things. When you know this fact already then why would you want to lose money on this game instead of play same game on another site where you got less house edge.

[TheQuin]

I didn't understand how it will help you all those extra things in the hi-low game because site admin itself posted long back that he is making a profit from only this game on this site. That means whoever playing this game is losing and admin is making a profit to pay all those free things.

This is the whole thing about gambling that many do not understand. It is true that the house edge means that overall the house should come out on top. That however doesn't mean that every player must be a loser. There is variance in luck that means some will win. Also, many players actually increase the house edge by using strategies like the martingale.

When you know this fact already then why would you want to lose money on this game instead of play same game on another site where you got less house edge.

I play on sites with lower house edges for most of my gambling. But I also like the bonus features here. My stats show I'm a little bit down on the hi-lo game but that doesn't take into account that I've taken 3x more than that from just the hi-lo bonus. Also, I've made enough reward points to cash in directly for 1 satoshi each. OK, I'm yet to win anything from the lotto tickets but here's hoping. When you understand how to get the best out of the bonuses you'll work out they can be better than a lower house edge.

[Juggy777]

If you got more referrals then it is fine but never try to play this hi-low game on this game because this site got a high house edge and you may lose more than what you're aiming at the end. But if you can manage to get active referrals then you can make some good passive income from this site.

Actually, if you count in all the free extras, reward points, lottery tickets and bonuses it cancels out the higher house edge. I'm doing pretty well with the hi-lo game.

Active referrals are obviously the risk free way to make on the site and I've been lucky enough that about 20 of mine are still going every day after 4 years!

I didn't understand how it will help you all those extra things in the hi-low game because site admin itself posted long back that he is making a profit from only this game on this site. That means whoever playing this game is losing and admin is making a profit to pay all those free things. When you know this fact already then why would you want to lose money on this game instead of play same game on another site where you got less house edge.

Personally for me the Hi lo game is just for fun sakes like whenever I'm literally bored and I don't really care much about winning cause I'll be playing with one or two satoshi. However to clear the record people will always loose, I did win a huge handsome had when I had placed 75k satoshi I won a huge amount so people do win but it's more for fun then anything else

[TheQuin]

Personally for me the Hi lo game gambling is just for fun sakes

That's what it is all about, it is entertainment. There's no point trying to come up with winning strategies. If you bet too frequently then the variance decreases and the house edge stands a higher chance of winning. If you just gamble occasionally for fun then you may well get lucky and win. Put auto bet away, start with a decent bankroll, make fewer larger bets and just roll with it. I usually find that people who obsess about finding the lowest house edge actually believe that gambling on random numbers is a viable way to guarantee a profit. That might be possible in PvP poker or even sports betting but not against an RNG.

[Alo Frankfurt]

I use this site when I am board  Faucet and HI-LO game kinda fun

[Chris314]

Personally for me the Hi lo game gambling is just for fun sakes

That's what it is all about, it is entertainment. There's no point trying to come up with winning strategies. If you bet too frequently then the variance decreases and the house edge stands a higher chance of winning. If you just gamble occasionally for fun then you may well get lucky and win. Put auto bet away, start with a decent bankroll, make fewer larger bets and just roll with it. I usually find that people who obsess about finding the lowest house edge actually believe that gambling on random numbers is a viable way to guarantee a profit. That might be possible in PvP poker or even sports betting but not against an RNG.

So you just play from time to time for fun with a reasonable bet compared to your balance, and thus manage not to lose too much satoshis there. That's it?
I've tried to use bonus they gave, but always ended up losing all, including the amount they took from my balance.

[Don Pedro Dinero]

I quite like reading what Thequin says, and how he explains himself. I don’t play EV- games but I think he is the perfect example of how a good gambler should behave if he plays such games.

That's what it is all about, it is entertainment. There's no point trying to come up with winning strategies. If you bet too frequently then the variance decreases and the house edge stands a higher chance of winning. If you just gamble occasionally for fun then you may well get lucky and win. Put auto bet away, start with a decent bankroll, make fewer larger bets and just roll with it. I usually find that people who obsess about finding the lowest house edge actually believe that gambling on random numbers is a viable way to guarantee a profit. That might be possible in PvP poker or even sports betting but not against an RNG.

Apart from that:

many players actually increase the house edge by using strategies like the martingale.

Could you expand on this?

[hitrawal91]

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.

[Chris314]

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.

Be aware that many strategies that looks good on YouTube while playing Hi Lo game are often martingale strategies that will empty your balance if played for too long.

many players actually increase the house edge by using strategies like the martingale.

Could you expand on this?

I would be curious too to know why a martingale strategy increases house edge.

[TheQuin]

many players actually increase the house edge by using strategies like the martingale.

Could you expand on this?

I would be curious too to know why a martingale strategy increases house edge.

Because you go back to base bet after each win you end up increasing your average loss in proportion to your win.  You can only ever win the base bet amount but often risk much larger amounts. There are ways to gamble that make winning less likely but none that can give a better expectation than the house edge.

I just spent ages on Google trying to find a decent mathematical example of this and without finding my old maths teacher I can't remember exactly how to demonstrate it myself. This roulette example is the best I could find:

https://en.wikipedia.org/wiki/Martingale_(betting_system)

In this example, the probability of losing the entire bankroll and being unable to continue the martingale is equal to the probability of 6 consecutive losses: (10/19)6 = 2.1256%. The probability of winning is equal to 1 minus the probability of losing 6 times: 1 − (10/19)6 = 97.8744%.

The expected amount won is (1 × 0.978744) = 0.978744.
The expected amount lost is (63 × 0.021256)= 1.339118.
Thus, the total expected value for each application of the betting system is (0.978744 − 1.339118) = −0.360374 .

So you just play from time to time for fun with a reasonable bet compared to your balance, and thus manage not to lose too much satoshis there. That's it?
I've tried to use bonus they gave, but always ended up losing all, including the amount they took from my balance.

Pretty much, if you have a balance of 0.05 and try to win 0.0005 in a few dice bets you have a fair chance of coming out a winner. If you try to get 0.0005 up to 0.05 then most times you'll end up busting.
They changed the hi-lo bonus requirements a while back. The "The maximum wagering requirements that you can fulfil in a single bet cannot exceed 10% of the original amount of your bonus account." makes it much harder to come out on top now. But the reward points quickly add up especially on the weekend when it is 4 or 5 points for every 500 satoshis wagered. So you end up with getting past the 100,000 minimum quite quickly with a few big bets.


Edit:

I found a book extract that unfortunately doesn't give the full maths but the table is worth a look.



The house edges compared for various betting systems, note how martingale dramatically increases across the table with more rolls.

[BTCevo]

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

[chris200x9]

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.

[Chris314]

many players actually increase the house edge by using strategies like the martingale.

Could you expand on this?

I would be curious too to know why a martingale strategy increases house edge.

Because you go back to base bet after each win you end up increasing your average loss in proportion to your win.  You can only ever win the base bet amount but often risk much larger amounts. There are ways to gamble that make winning less likely but none that can give a better expectation than the house edge.

I just spent ages on Google trying to find a decent mathematical example of this and without finding my old maths teacher I can't remember exactly how to demonstrate it myself. This roulette example is the best I could find:

https://en.wikipedia.org/wiki/Martingale_(betting_system)

In this example, the probability of losing the entire bankroll and being unable to continue the martingale is equal to the probability of 6 consecutive losses: (10/19)6 = 2.1256%. The probability of winning is equal to 1 minus the probability of losing 6 times: 1 − (10/19)6 = 97.8744%.

The expected amount won is (1 × 0.978744) = 0.978744.
The expected amount lost is (63 × 0.021256)= 1.339118.
Thus, the total expected value for each application of the betting system is (0.978744 − 1.339118) = −0.360374 .

So you just play from time to time for fun with a reasonable bet compared to your balance, and thus manage not to lose too much satoshis there. That's it?
I've tried to use bonus they gave, but always ended up losing all, including the amount they took from my balance.

Pretty much, if you have a balance of 0.05 and try to win 0.0005 in a few dice bets you have a fair chance of coming out a winner. If you try to get 0.0005 up to 0.05 then most times you'll end up busting.
They changed the hi-lo bonus requirements a while back. The "The maximum wagering requirements that you can fulfil in a single bet cannot exceed 10% of the original amount of your bonus account." makes it much harder to come out on top now. But the reward points quickly add up especially on the weekend when it is 4 or 5 points for every 500 satoshis wagered. So you end up with getting past the 100,000 minimum quite quickly with a few big bets.

OK, thanks for the explanations. It's true that new condition on bonus account (no bet higher than 10% of the total bonus) slows the decreasing of the "need to wager" amount, thus increases risk of bursting before reaching zero.
To make it decrease faster, I was reducing bet amount and played also for jackpots (roll 8888) as the full amount of jackpot cost is deduced from the remaining wager amount.

[Chris314]

3Pkfni5EAYK8VqxzQATLiMikPNZb6jwDgx

Thanks

There's no more giveaway here, it's useless to give your btc addess, as already said a few posts earlier.