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Author Topic: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!  (Read 327483 times)
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July 15, 2018, 09:55:27 PM
 #6721

I've got out of the Multiply BTC bonus a few times with a 25x rollover requirement. I don't like using the low multiplier strategy for this, I'd rather just bet normally. Trying lots of low multiplier bets just reduces the probability of variance being in your favour. The higher the number of bets the closer to the expected value you get. That's the same reason bots and scripts reduce your chances. I prefer to make fewer larger bets.
I'm a bit confused with your technique, is it avoid low multiplier and make fewer larger bets?
wouldn't that (there's a chance) make you lost big amount if got hit by bad long losing streak
so are you saying betting normally with 2x multiplier would be better?
why betting higher amount with low multiplier wouldn't work the same? (towards 25x rollover)
is it because the return too small to cover the losses?

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July 15, 2018, 10:13:28 PM
 #6722

I've got out of the Multiply BTC bonus a few times with a 25x rollover requirement. I don't like using the low multiplier strategy for this, I'd rather just bet normally. Trying lots of low multiplier bets just reduces the probability of variance being in your favour. The higher the number of bets the closer to the expected value you get. That's the same reason bots and scripts reduce your chances. I prefer to make fewer larger bets.
I'm a bit confused with your technique, is it avoid low multiplier and make fewer larger bets?
wouldn't that (there's a chance) make you lost big amount if got hit by bad long losing streak
so are you saying betting normally with 2x multiplier would be better?
why betting higher amount with low multiplier wouldn't work the same? (towards 25x rollover)
is it because the return too small to cover the losses?

At the end of the day it's based on luck.
I just did my 1.01x on about 50 bets and managed to lose three of them.

Meanwhile, a few days ago, I made close to 250 bets and only lost once.
I usually try to martingale at 2x starting low (around 8 sats) but even then you lose quite a bit and if you win, you only get an extra 8/34 sats (depending on the strategy).

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July 16, 2018, 04:19:32 AM
Last edit: July 16, 2018, 05:42:58 AM by TheQuin
 #6723

I've got out of the Multiply BTC bonus a few times with a 25x rollover requirement. I don't like using the low multiplier strategy for this, I'd rather just bet normally. Trying lots of low multiplier bets just reduces the probability of variance being in your favour. The higher the number of bets the closer to the expected value you get. That's the same reason bots and scripts reduce your chances. I prefer to make fewer larger bets.
I'm a bit confused with your technique, is it avoid low multiplier and make fewer larger bets?
wouldn't that (there's a chance) make you lost big amount if got hit by bad long losing streak
so are you saying betting normally with 2x multiplier would be better?
why betting higher amount with low multiplier wouldn't work the same? (towards 25x rollover)
is it because the return too small to cover the losses?

The multiplier wasn't the point I was trying to make, I'm just saying I wouldn't change that.

I bolded the important bit of your quote. Yes, there is a chance that you get hit with a bad luck streak but there is also a chance that you get a good luck streak. That's variance of luck. Smaller sample sizes will have more variance and the longer you continue playing the less variance there is. Over a large enough sample size, there will be almost no variance so the result will tend towards the expected value, ie. the house edge.


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July 16, 2018, 07:36:10 AM
 #6724

is the fee estimation of the website broken or am I missing something?

for a while now I am seeing the minimum withdrawal fee has been increased from 40 satoshi to 200 satoshi. at first I thought the website just increased it but looking at the payments it seems like they are paying higher fee than usual.
for example this is the latest withdrawal (SLOW) which should have paid 1 satoshi/byte but it is paying 5
https://www.blockchain.com/en/btc/tx/7277b96054ac64261b2ffdf6d8fa7be6462d1731812d6a42047da7e6f7d2dee7

if you look at the mempool at that time it was empty and you can check the block that it was included in and previous ones and see they are filled with 1-2 s/b transactions.

so what is up?

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July 16, 2018, 07:40:30 AM
 #6725

is the fee estimation of the website broken or am I missing something?

for a while now I am seeing the minimum withdrawal fee has been increased from 40 satoshi to 200 satoshi. at first I thought the website just increased it but looking at the payments it seems like they are paying higher fee than usual.
for example this is the latest withdrawal (SLOW) which should have paid 1 satoshi/byte but it is paying 5
https://www.blockchain.com/en/btc/tx/7277b96054ac64261b2ffdf6d8fa7be6462d1731812d6a42047da7e6f7d2dee7

if you look at the mempool at that time it was empty and you can check the block that it was included in and previous ones and see they are filled with 1-2 s/b transactions.

so what is up?

We had a few occasions when the slow withdrawal wasn't getting confirmed on the network for many hours and our support email got filled up with "Where's my money you scammers?' and the like. So we have increased the fee we use to try and ensure it always gets into the next block.

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July 16, 2018, 07:53:06 AM
 #6726

We had a few occasions when the slow withdrawal wasn't getting confirmed on the network for many hours and our support email got filled up with "Where's my money you scammers?' and the like. So we have increased the fee we use to try and ensure it always gets into the next block.

there is always some damn newbies who would ruin it for everyone.

and the concern is not about paying 200 satoshi! it is about the fact that mempool now contains transactions that are paying 5 times the recommended fee and that can be the start of how fees shoot up whenever there is a backlog.

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TheQuin
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July 16, 2018, 07:56:39 AM
 #6727

there is always some damn newbies who would ruin it for everyone.

and the concern is not about paying 200 satoshi! it is about the fact that mempool now contains transactions that are paying 5 times the recommended fee and that can be the start of how fees shoot up whenever there is a backlog.

FWIW I think exactly the same. The problem is that people are less likely to complain about that than they are to scream scam when they have to wait for 12 hrs for a confirm. On the plus side, the change won't affect the mempool much as the slow withdrawals are batched together and only one Tx is sent every 6 hours.

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July 16, 2018, 08:17:06 AM
 #6728

Yes, this is pretty huge amount to wager just in a couple of days actually so may be around 3 days or something he already got that amount and I know this will be no chance for me like low player to wager that huge amount. But to have 0.1 btc wager with 0.001 and 1.01x multiplier, I think you will lose fast, you need to wager 100 times to cover your initial bet mean while it is better if you use 1.1x multiplier. But all of this is not a guarantee you can achieve that. But basically when I have 0.1 btc with 0.001 btc, the wagered amount will be around 4x-5x. Never hit more than that ever, but may be you can try it

I've got out of the Multiply BTC bonus a few times with a 25x rollover requirement. I don't like using the low multiplier strategy for this, I'd rather just bet normally. Trying lots of low multiplier bets just reduces the probability of variance being in your favour. The higher the number of bets the closer to the expected value you get. That's the same reason bots and scripts reduce your chances. I prefer to make fewer larger bets.

With something like bet high and bet low button, I can still manage it to get few rollover but if only there is only one button and I need to click to change it again then it seema like they are cheating on me. When I change the button from high to low the result will change drastically too, so the result almost 80% losing. That is why I do not really like wagering competition anyway. Sorry no offend Grin
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July 16, 2018, 11:09:32 AM
 #6729

there is a new "pay with point than captcha" thing, feels like getting bigger the more you use it.....
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July 16, 2018, 11:13:18 AM
 #6730

there is a new "pay with point than captcha" thing, feels like getting bigger the more you use it.....

Yes, that's how it works. It is 1 RP the first time and it increases by 1 RP everytime you use it. When you don't use it there is a cooldown period and it will start reducing based on the proportion of RP captcha Vs. captcha.

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July 16, 2018, 11:37:47 AM
 #6731

Yes, this is pretty huge amount to wager just in a couple of days actually so may be around 3 days or something he already got that amount and I know this will be no chance for me like low player to wager that huge amount. But to have 0.1 btc wager with 0.001 and 1.01x multiplier, I think you will lose fast, you need to wager 100 times to cover your initial bet mean while it is better if you use 1.1x multiplier. But all of this is not a guarantee you can achieve that. But basically when I have 0.1 btc with 0.001 btc, the wagered amount will be around 4x-5x. Never hit more than that ever, but may be you can try it

I've got out of the Multiply BTC bonus a few times with a 25x rollover requirement. I don't like using the low multiplier strategy for this, I'd rather just bet normally. Trying lots of low multiplier bets just reduces the probability of variance being in your favour. The higher the number of bets the closer to the expected value you get. That's the same reason bots and scripts reduce your chances. I prefer to make fewer larger bets.

With something like bet high and bet low button, I can still manage it to get few rollover but if only there is only one button and I need to click to change it again then it seema like they are cheating on me. When I change the button from high to low the result will change drastically too, so the result almost 80% losing. That is why I do not really like wagering competition anyway. Sorry no offend Grin

I hope you understand that it's just a coincidence. There is no correlation whatsoever between your betting HI or LO and the probability of winning a bet. I'm not urging you to take part in the wagering competition, but your reason for not liking it looks very strange to me. Smiley

I rarely play HI/LO game on FreeBitco.in, but just now played couple of minutes and I had 8 greens in a row with 2x multiplier. I've seen much more greens in a row but never on this site. I mean, this can happen even with the 5% house edge the site has.

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July 16, 2018, 11:50:54 AM
 #6732

4 reward point per roll, -1 per no captcha =3
7 rp - 2 = 5
9 rp - 3 = 6
11 rp - 4 = 7
11 rp - 5 = 6
10 rp - 6 = 4
8 rp - 7 = 1

wait, did you just say cool down? let's hear it......
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July 16, 2018, 10:56:10 PM
 #6733

there is a new "pay with point than captcha" thing, feels like getting bigger the more you use it.....

Yes, that's how it works. It is 1 RP the first time and it increases by 1 RP everytime you use it. When you don't use it there is a cooldown period and it will start reducing based on the proportion of RP captcha Vs. captcha.
https://cdn.pbrd.co/images/Hsl04ov.jpg

It's below the Deposit and Withdraw button - "REQUIREMENTS TO UNLOCK BONUSES"

where can I find this "pay with point than captcha"?
is it only offered to user that has captcha protected free roll claim?
and also the unlock stat mentioned by Camaradab, is that only available to the same user?

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July 17, 2018, 05:02:58 AM
 #6734

there is a new "pay with point than captcha" thing, feels like getting bigger the more you use it.....

Yes, that's how it works. It is 1 RP the first time and it increases by 1 RP everytime you use it. When you don't use it there is a cooldown period and it will start reducing based on the proportion of RP captcha Vs. captcha.
https://cdn.pbrd.co/images/Hsl04ov.jpg

It's below the Deposit and Withdraw button - "REQUIREMENTS TO UNLOCK BONUSES"

where can I find this "pay with point than captcha"?
is it only offered to user that has captcha protected free roll claim?
and also the unlock stat mentioned by Camaradab, is that only available to the same user?

If your account already meets any requirements then the 'requirement to unlock...' section is not necessary and therefore not displayed.

Requirements to unlock bonuses is displayed on the top of the free rolls page and play without captcha is just above the captcha and roll button.


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July 17, 2018, 06:50:41 AM
 #6735

there is a new "pay with point than captcha" thing, feels like getting bigger the more you use it.....

Yes, that's how it works. It is 1 RP the first time and it increases by 1 RP everytime you use it. When you don't use it there is a cooldown period and it will start reducing based on the proportion of RP captcha Vs. captcha.
https://cdn.pbrd.co/images/Hsl04ov.jpg

It's below the Deposit and Withdraw button - "REQUIREMENTS TO UNLOCK BONUSES"

where can I find this "pay with point than captcha"?
is it only offered to user that has captcha protected free roll claim?
and also the unlock stat mentioned by Camaradab, is that only available to the same user?

If your account already meets any requirements then the 'requirement to unlock...' section is not necessary and therefore not displayed.

Requirements to unlock bonuses is displayed on the top of the free rolls page and play without captcha is just above the captcha and roll button.



So, thirdspace, I think the answer is no. I think TheQuin is saying that if you don't have the requirement to do a captcha then you don't get that extra reward point.

Another user asked what the cooldown bit is also @TheQuin just a bit above (I'm curious)?

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July 17, 2018, 06:58:28 AM
 #6736

So, thirdspace, I think the answer is no. I think TheQuin is saying that if you don't have the requirement to do a captcha then you don't get that extra reward point.

Another user asked what the cooldown bit is also @TheQuin just a bit above (I'm curious)?

Yes, that is exactly what I told thirdspace.

Cooldown period means as well as the ratio of RP rolls Vs. captcha rolls time also has an effect. The ratio determines how quickly it reduces.

freebitcoin.TO WIN A  LAMBORGHINI!..

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July 17, 2018, 07:02:08 AM
 #6737

So, thirdspace, I think the answer is no. I think TheQuin is saying that if you don't have the requirement to do a captcha then you don't get that extra reward point.

Another user asked what the cooldown bit is also @TheQuin just a bit above (I'm curious)?

Yes, that is exactly what I told thirdspace.

Cooldown period means as well as the ratio of RP rolls Vs. captcha rolls time also has an effect. The ratio determines how quickly it reduces.

Ahh yeah I must've missed something somewhere.

And, that's why I had to go back and do a captcha then when I came back to this site...

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July 17, 2018, 07:08:31 AM
 #6738

And, that's why I had to go back and do a captcha then when I came back to this site...

I'm not sure but we might be talking at cross purposes here. The play with no captcha for RP feature was only introduced yesterday.

It allows users to pay using RP to avoid doing a captcha. The first one costs 1 RP and the cost increases by 1 RP everytime they use it. When it gets to a cost they no longer want to pay they can then start doing captchas again and wait for the cost to come back down.

I think what might have happened to you is more like to be the "PLAY FREE BTC WITHOUT CAPTCHA" which is accessed from the "REQUIREMENTS TO UNLOCK BONUSES" at the top of the page.


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July 17, 2018, 08:32:47 AM
 #6739

I don't see this link to access "Account Bonus Requirements". Is this due to that I'm rolling without captcha already?
I like this idea though making RP consumption grow exponentially seems a little overdone. Does it have any limits?
You may face people that spent all their RP without knowing, unnecessary customer complains / tickets on the horizon.

Important (at least for me) feature is missing still, deleting inactive referrals from the lists. Can it be done somehow?
I presume than new version of the site will still use referral systems from before. IMO worth to implement such feature.
I like to have clarity and order with my accounts, inactive refs are a pain for me to watch/track Smiley

About the new contest... meh  Undecided  something for bottom-feeders please...

 
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July 17, 2018, 08:41:16 AM
Last edit: July 17, 2018, 09:03:32 AM by TheQuin
Merited by poptok1 (1)
 #6740

I don't see this link to access "Account Bonus Requirements". Is this due to that I'm rolling without captcha already?
I like this idea though making RP consumption grow exponentially seems a little overdone. Does it have any limits?
You may face people that spent all their RP without knowing, unnecessary customer complains / tickets on the horizon.

We only show what requirements you need to achieve if you haven't already achieved them.

The offer of doing a free roll without captcha explicitly tells them how many RP it will cost them each time they choose to use it and they have the option of doing the captcha instead.

1+1+1 is not exponential, it is linear.

The limit is when they decide to stop using it. Then when they do go back to solving captchas instead, the price decays.

Important (at least for me) feature is missing still, deleting inactive referrals from the lists. Can it be done somehow?
I presume than new version of the site will still use referral systems from before. IMO worth to implement such feature.
I like to have clarity and order with my accounts, inactive refs are a pain for me to watch/track Smiley

We can't delete old accounts because people come back after years away. I'll suggest to wetsuit giving you the option to hide them.

About the new contest... meh  Undecided  something for bottom-feeders please...

I've thought of something for smaller gamblers already. We'll have to wait and see if wetsuit decides to do it.

freebitcoin.TO WIN A  LAMBORGHINI!..

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