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

[adaseb]

very bad day for me
I managed to get my balance almost doubled after a month+ then I lost it 3-4 days ago
then today I made another deposit close to ~30 mbtc, I was hoping it could last a month or so
but what happened was... 27 lose streak in a row
It feels like I'm donating to the prize pool contest

Well that is the risk with gambling, sometimes you win but in the end the house always wins  .
However having a 27 lose streak is quite unusual to see, I guess the luck is for the moment not on your side.

Why it is unusual to see 27 lose streak while we are talking about 5% house edge? Even more, he did not even mention the payout he used when he got the 27 lose streak. It is very possible to get 27 lose streak even if we are playing in 1% house edge site, indeed the possibility will be lesser than on 5% house edge but I do not think it is as unusual thing.

I myself got a 27 red streak on a 2x multiplier back in 2014
up to now it is the longest streak that I ever had, had a couple of 24 reds in a row but thats it
this is not something extra super ordinary,with 5% house edge it is even more probable
sorry for your loss,but gambling is like that-you win some,you lose some (and more,usually)

I used to play dice in a similiar way back in 2014.

Basically was mining DOGE with my 280X and everyday sent my profits to a dice site.

I always did martingale. First time I turned like 1BTC into 2BTC until I hit 15 reds in a row.

Then I figured, its very rare to hit 16 reds in a row so I adjusted my bets and gambled the same way... a few weeks later I hit 17 reds in a row.

Then I figured, ok, its very very rare to hit 20 reds in a row, so adjusted my base bets, made it lowers and I think a few months later I got like 21 reds in a row.

So yes 27 reds is more than possible.

Best way to play is to do it in reverse. Only double your base bet on a win, when you get 20 wins in a row (which will happen) you can turn 1 Satoshi into a huge amount with little risk. However most of us are impatient and never play that way.

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[BayAreaCoins]

I lost $5000 on a 32 loss 49.5% martingale.

2^32 odds of 32 losses in a row lol

(not on this site)

[jackg]

I lost $5000 on a 32 loss 49.5% martingale.

2^32 odds of 32 losses in a row lol

(not on this site)

I'm sorry for this, but the odds of losing is (1/(2^32)) and the odds of winning is (1-(1/(2^32))). May as well keep our statistics right, actually it's a little less than that but it'll work as an example.

very bad day for me
I managed to get my balance almost doubled after a month+ then I lost it 3-4 days ago
then today I made another deposit close to ~30 mbtc, I was hoping it could last a month or so
but what happened was... 27 lose streak in a row
It feels like I'm donating to the prize pool contest

Well that is the risk with gambling, sometimes you win but in the end the house always wins  .
However having a 27 lose streak is quite unusual to see, I guess the luck is for the moment not on your side.

Why it is unusual to see 27 lose streak while we are talking about 5% house edge? Even more, he did not even mention the payout he used when he got the 27 lose streak. It is very possible to get 27 lose streak even if we are playing in 1% house edge site, indeed the possibility will be lesser than on 5% house edge but I do not think it is as unusual thing.

I myself got a 27 red streak on a 2x multiplier back in 2014
up to now it is the longest streak that I ever had, had a couple of 24 reds in a row but thats it
this is not something extra super ordinary,with 5% house edge it is even more probable
sorry for your loss,but gambling is like that-you win some,you lose some (and more,usually)

A 27 win streak would be really good still if anyone actually manages to get it without a large amount of gambling in order just to find that pattern.

[Thirdspace]

I'm sorry for your loss, but it happens, every long time dice player knows that. Although it's very rare but you can get 27 reds in row playing with 2x multiplier. But actually I suspect you were playing with multiplier other than 2x, weren't you?

yes, I forgot to mention the multiplier... I was playing with varied multipliers from 3x to 2.2x
that is probably the main reason for such bad streaks, I think a few last bets was 3x (big mistake)
it was not straight martingale, I always either reverse or start over the bet amount after certain lose streak
within a month period before I've never encountered over a 16 lose streak
within the last week, I got hit badly (lose 60-70%) but never get busted
I managed to recover and accumulate some profit... I got carried away and lose control
I was hoping to win back all my (previous deposit) losses but ended up adding to my lose stats

[Betwrong]

I'm sorry for your loss, but it happens, every long time dice player knows that. Although it's very rare but you can get 27 reds in row playing with 2x multiplier. But actually I suspect you were playing with multiplier other than 2x, weren't you?

yes, I forgot to mention the multiplier... I was playing with varied multipliers from 3x to 2.2x
that is probably the main reason for such bad streaks, I think a few last bets was 3x (big mistake)
it was not straight martingale, I always either reverse or start over the bet amount after certain lose streak
within a month period before I've never encountered over a 16 lose streak
within the last week, I got hit badly (lose 60-70%) but never get busted
I managed to recover and accumulate some profit... I got carried away and lose control
I was hoping to win back all my (previous deposit) losses but ended up adding to my lose stats

That's what I thought, thanks for the elaboration. Although, as you can see from the comments above, this could happen even if you were playing with 2x multiplier only. The thing is that the more bets you make the higher the chance of hitting an extremely long losing streak, but there's also a chance of hitting it with small amount if bets.

~
There's a 30 winning streak as well to make you feel better.

I had experienced 18 winning streak myself playing with 2x multiplier. This happened only once in my long history of playing dice, probably around 2 years ago, and when I saw that with my own eyes, I thought to myself, it means I can get 18 reds in a row as well, and I've started treating martingale with caution since then.

[TheQuin]

New banners available to advertise your referral link for the contest.

https://static1.freebitco.in/banners/contest_728_90.gif

https://static1.freebitco.in/banners/contest_468_60.gif

https://static1.freebitco.in/banners/contest_160_600.gif

https://static1.freebitco.in/banners/contest_300_250.gif

[Kakmakr]

Magnificent how a whale can change your life, if you have one as a referral. The User 712628 is one of User 654092's referrals, because the wager amount is exactly the same. So if this was the same user with 2 accounts that are linked by the referral system, then he/she is winning both the competition prizes. $10 000 for the Wagering Contest and $5000 for the Referral Contest.

Funny thing is, he or she still get the 0.40% referral commission from the referral system too. <roughly $2000> on that amount. 

[TheQuin]

Magnificent how a whale can change your life, if you have one as a referral. The User 712628 is one of User 654092's referrals, because the wager amount is exactly the same. So if this was the same user with 2 accounts that are linked by the referral system, then he/she is winning both the competition prizes. $10 000 for the Wagering Contest and $5000 for the Referral Contest.

Funny thing is, he or she still get the 0.40% referral commission from the referral system too. <roughly $2000> on that amount.  

Those accounts are old ones as well. I doubt this is the first time this whale a made big bets. They haven't stopped either as that wagered amount keeps rising. Maybe they are going for a free iPhone 7 Plus as well. They've already earned 13,466,800 Reward Points so far.

Edit: I forgot that it's the weekend so there are 3x reward points, they're probably there by now.

[Kakmakr]

Magnificent how a whale can change your life, if you have one as a referral. The User 712628 is one of User 654092's referrals, because the wager amount is exactly the same. So if this was the same user with 2 accounts that are linked by the referral system, then he/she is winning both the competition prizes. $10 000 for the Wagering Contest and $5000 for the Referral Contest.

Funny thing is, he or she still get the 0.40% referral commission from the referral system too. <roughly $2000> on that amount.  

Those accounts are old ones as well. I doubt this is the first time this whale a made big bets. They haven't stopped either as that wagered amount keeps rising. Maybe they are going for a free iPhone 7 Plus as well. They've already earned 13,466,800 Reward Points so far.

Edit: I forgot that it's the weekend so there are 3x reward points, they're probably there by now.

It will be interesting to know how much that person has lost to gain these bonuses and prizes? He or she is obviously not using all of his or her own money to do this and probably have a huge referral network. Some of these guys are also gambling with their 4% interest on that big deposit. <This might explain why the wagering is not stopping, because the money is continuously coming in from the referrals and the interest on their balance.>

Still mind blowing when you look at the numbers. 

[broke_tradah]

Magnificent how a whale can change your life, if you have one as a referral. The User 712628 is one of User 654092's referrals, because the wager amount is exactly the same. So if this was the same user with 2 accounts that are linked by the referral system, then he/she is winning both the competition prizes. $10 000 for the Wagering Contest and $5000 for the Referral Contest.

Funny thing is, he or she still get the 0.40% referral commission from the referral system too. <roughly $2000> on that amount.  

Those accounts are old ones as well. I doubt this is the first time this whale a made big bets. They haven't stopped either as that wagered amount keeps rising. Maybe they are going for a free iPhone 7 Plus as well. They've already earned 13,466,800 Reward Points so far.

Edit: I forgot that it's the weekend so there are 3x reward points, they're probably there by now.

It will be interesting to know how much that person has lost to gain these bonuses and prizes? He or she is obviously not using all of his or her own money to do this and probably have a huge referral network. Some of these guys are also gambling with their 4% interest on that big deposit. <This might explain why the wagering is not stopping, because the money is continuously coming in from the referrals and the interest on their balance.>

Still mind blowing when you look at the numbers. 

I would wager that its probably just a hacker wasting away his haul.  Dude is just plain retarded to risk 60+btc for a measly 15k (10 wagerer and 5k for the referers).

[TheQuin]

I would wager that its probably just a hacker wasting away his haul.  Dude is just plain retarded to risk 60+btc for a measly 15k (10 wagerer and 5k for the referers).

Wagered amount != risked amount.

People roll over the same coin many times. Wagered amount is almost always many times higher than risked or deposited amount. Do you have to keep making a fool of yourself by talking about things you don't understand?

Edit:

After only one week the contest is going much better than I expected. Wagering usually picks up on the 4x and 5x reward point weekends so there could be a lot more to come. We're thinking we might do it again next month.

[BTCevo]

A 27 win streak would be really good still if anyone actually manages to get it without a large amount of gambling in order just to find that pattern.

How are you going to have 27 win streak? I do not think you can get that easily eventhough you have 1.1x payout. May be using 1.01 payout you will get it for sure but if lose once it will be a losing hard. Your next bet can't even recover your losing anyway and this strategy can't be used. It is not a profitable martingale as I can say. And btw about the pattern, is there anything like that? This is gambling site which is has many variances, hard to get the prediction as well

[TheQuin]

A 27 win streak would be really good still if anyone actually manages to get it without a large amount of gambling in order just to find that pattern.

How are you going to have 27 win streak? I do not think you can get that easily eventhough you have 1.1x payout. May be using 1.01 payout you will get it for sure but if lose once it will be a losing hard. Your next bet can't even recover your losing anyway and this strategy can't be used. It is not a profitable martingale as I can say. And btw about the pattern, is there anything like that? This is gambling site which is has many variances, hard to get the prediction as well

I posted this back on the last page:

Pretty brutal but not as bad as 32. https://bitcointalk.org/index.php?topic=610339.msg7060900#msg7060900
There's a 30 winning streak as well to make you feel better.

That's a link to documented evidence of someone getting a 30 winning streak on 2x. The best I've done is 20.

[Warfare]

LOTTERY ROUND 162
This round, the winner with the lowest number of tickets is #3 with 70 tickets.
#1 won 1.04960143 BTC with 505,654 tickets.

[babygun]

After only one week the contest is going much better than I expected. Wagering usually picks up on the 4x and 5x reward point weekends so there could be a lot more to come. We're thinking we might do it again next month.

This numbers are just crazy and the contest is still going for 3 more weeks! There are some big gamblers on the site who are risking huge amounts.
Based on the success on this contest, I think we will see this more often in the future  .

[broke_tradah]

After only one week the contest is going much better than I expected. Wagering usually picks up on the 4x and 5x reward point weekends so there could be a lot more to come. We're thinking we might do it again next month.

It would be way cooler to show not only what the top 10 rank's are wagering,  but also their profit/loss ratio as well.  Wouldnt that be awesome?  I think it would f'ing rule to have that stat displayed.  So how about it?  Lets have a poll,  see who would like to see the profit/loss (AKA the "MULTIPLY BTC WINNINGS" stat in the personal page) of the top players in the contest  Even for the referral side of things it would be a fun stat.

My little bot is currently #4 in the referrals dept.  I should rename it to the little bot that could,  it keeps climbing even though I give it 0% chance to win anything at all in this contest.

Based on the success on this contest, I think we will see this more often in the future  .

Highly unlikely to see this type of turnout in a future contest.  Why?...........................

Duuuuh,    everyone will be broke from the last one lol.  The "Top Wagerers" should be renamed to "Top Complete Retards" because they end up losing WAY more than they are ever going to win from the contest itself and will probably commit suicide or something.  Therefore there is a good chance they wont be around for the next one let alone be able to participate lol.

[TheQuin]

This numbers are just crazy and the contest is still going for 3 more weeks! There are some big gamblers on the site who are risking huge amounts.
Based on the success on this contest, I think we will see this more often in the future  .

We always have a number of big gamblers coming to the site. Just like at every other gambling site they tend to just show up every now and then. The stats are always down for the July 4th holiday so we're really pleased with how much they picked up later in the week. That made higher roller volume higher than normal. Someone earlier was calculating the potential profit from the top 10 being more than the prize pool but that misses the point, to be successful it needs to be calculated from the increase in wagering, not the total.

I think~

Nobody cares what the moron who doesn't even understand the difference between total wagered and risked thinks.

[broke_tradah]

We cant show peoples profit/loss because it would just show that the top wagerers are actually losers and not winners.  Leaving out the important details is critical to suckering people into playing this crap so obviously we only point out stuff that sounds favorable.

*Fixed*

[TheQuin]

~

I refer you to my previous answer. Basing your opinions on such a fundamental misunderstanding of how gambling works is bound to make you draw incorrect conclusions. That's why everyone here gave up answering you. You're just the village idiot sat in the corner talking to himself.

[Snatdard usre]

TheQuin, why feed the troll? He is just promoting his forum signature.