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Author Topic: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!  (Read 319274 times)
MakeMoneyBtc
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May 06, 2019, 07:48:36 PM
 #8921

I just spotted the following in TERMS & CONDITIONS for the Golden Ticket contest:

Quote
The winner can also opt to receive US$200,000 in lieu of the car, paid in bitcoins using the exchange rate after the lottery drawing has been done.

That's actually a very good thing because not all of us can afford paying the excess shipping costs and any applicable taxes or fees, but $200,000 in BTC wouldn't hurt anyone for sure.

Now I can sleep with a peaceful mind not worrying about all those taxes and stuff. Smiley

In this case i will probably prefer to get paid in cold cash rather than a lambo that i cannot drive due to road condition at my country Cheesy Specially the taxes and custom duties that cost almost the same price of the current market price of each lambo. Not worth it Cheesy


That's probably what 99% of the people will do and not necessarily because they don't have a driving license or because they can't drive the car in their countries. The thing is most people that are using this website are not rich meaning a lambo would not fit them and cash will be much more helpful for them since they could spend it on buying anything they want, including a pretty luxurious car.

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May 06, 2019, 11:28:07 PM
 #8922

~
Edit: wetsuit just updated me on the current split.
So far we have sold 0.5 BTC worth of tickets and given away 67 BTC in tickets.
the cheapest Lamborgini Huracan is around 200k
to break even solely from sold tickets it would take ~33.33 BTC (@$6k/BTC) ~133,333 paid tickets
still long way to go if wetsuit depends only paid tickets, which I believe he doesn't Wink

I have been reading this thread for years, and what I have noticed is that your referral program is what being abused by various scammers the most. I think maybe you are too generous with your referral commission rates
~
I have a feeling that you are constantly being robbed by the abusers of your referral program.
freebitco.in has a 5% house edge, so I think those % in referral program are still proportional
and most likely they use it again to play dice, bet, lottery and then lose it back to house Tongue

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May 07, 2019, 03:40:07 AM
 #8923

~
Edit: wetsuit just updated me on the current split.
So far we have sold 0.5 BTC worth of tickets and given away 67 BTC in tickets.
the cheapest Lamborgini Huracan is around 200k
to break even solely from sold tickets it would take ~33.33 BTC (@$6k/BTC) ~133,333 paid tickets
still long way to go if wetsuit depends only paid tickets, which I believe he doesn't Wink

I have been reading this thread for years, and what I have noticed is that your referral program is what being abused by various scammers the most. I think maybe you are too generous with your referral commission rates
~
I have a feeling that you are constantly being robbed by the abusers of your referral program.
freebitco.in has a 5% house edge, so I think those % in referral program are still proportional
and most likely they use it again to play dice, bet, lottery and then lose it back to house Tongue

Those sites even with 1% edge is still in profit and they also having promotion event, with them 5% less 1% and 0.4% (assume that this 1.4% will not be reused to gamble again) then with the remaining 2.6% there still alot of ready to take out profit & reservation for risk of the edge may drop below 5% sometimes & reservation for a very small portion for payment to "only to get free thing people".

"Too generous" is what cause branding effect to their site that fit their marketing purpose thus gaining users, the more they give..the more they take. This is also a core statement for old users to encourage new people to get in as their referals, you may search around the internet to see how many of those videos trying to get referals without mentioning the "generous program"..none of them lol. And also we can't conclude until at least someone have a chance to look at their balance sheet daily/weekly/monthly lol.
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May 07, 2019, 04:25:15 AM
 #8924

@TheQuin, do you know if Freebitco.in serves requests from any domains other than these?

Code:
freebitco.in
www.freebitco.in
static1.freebitco.in
static2.freebitco.in
static3.freebitco.in
static4.freebitco.in
static5.freebitco.in
static6.freebitco.in
static7.freebitco.in
static8.freebitco.in

My DNS adblocking has a list that includes the freebitco.in domains and I'm trying to make sure I have everything whitelisted. I'm pretty sure I caught everything but I figured I'd ask.

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May 07, 2019, 05:19:59 AM
 #8925

Well, I didn't think about that one, then yeah it will probably take about 6 months to be truthful, I was considering most of the money would probably come from either people betting (which considering the house edge probably would profit you more than actually buying the ticket) or would be direct purchases, I didn't know any other option could be used but yeah the free rolls and referral income would probably be used as well.

I have directly purchased myself (even though a small amount) and that is why I wasn't focusing on other options. In any case 0.5 in less than a week must feel good, I know it won't continue like this forever but I am pretty sure since this money would be money you would already pay for to people instead of everyone this will make it to just one person and you guys probably will be about break even levels (a bit lower a bit higher) when 6 months ends.
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May 07, 2019, 07:16:14 AM
 #8926

Hey guys! This took a little while, but thanks to wetsuit for agreeing to the interview (and of course thanks to TheQuin for arranging things!), appreciate the candour, looking forward to reporting about the winner in about 6 months from now! The article is here.

@Kakmakr, assuming that the house takes the edge from wagers, then every 0.005 BTC wagered gives the house 0.00025 BTC in earnings (on a 5% Multiply edge). Of course, we'll assume they have to pay ref fees etc etc but I think it's fair to say that Lambo's already paid for itself;)

Holy cow! I would have never thought that I would see the day that Wetsuit would agree to an interview, so get 1 merit point from me for that effort.  Wink  I hoped for some more details on how the site is doing and actual statistics on it's active membership, but this is a good start.  Wink

Freebitco.in is very close to many of us and it can be compared to someone losing their Bitcoin virginity for the first time. That first experience will always be special.  Tongue

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May 07, 2019, 08:41:20 AM
 #8927

Why didn't I get the reward for betting on Cerrone vs IAQUINTA? I bet on Cerrone, he won, but I didn't got my BTC reward? What happened?
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May 07, 2019, 09:11:24 AM
 #8928

~
I have been reading this thread for years, and what I have noticed is that your referral program is what being abused by various scammers the most. I think maybe you are too generous with your referral commission rates
~
I have a feeling that you are constantly being robbed by the abusers of your referral program.
freebitco.in has a 5% house edge, so I think those % in referral program are still proportional
and most likely they use it again to play dice, bet, lottery and then lose it back to house Tongue

I've never thought about it this way, but now it makes perfect sense to me. Indeed the 5% hose edge can be justified, apart from by the hourly faucet giving from $0.002 to $200(about which we all know of course), by this generous referral program. Thus my suggestion of reconsidering it will hardly be accepted, and rightly so. Indeed it's not that simple to suggest an improvement for a perfectly balanced system. Smiley

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May 07, 2019, 09:20:58 AM
Merited by DarkStar_ (4)
 #8929

@TheQuin, do you know if Freebitco.in serves requests from any domains other than these?
~

This is the full list of subdomains currently.

Code:
captchas2.freebitco.in
captchas.freebitco.in
lwcdn.freebitco.in
s10.freebitco.in
s11.freebitco.in
s12.freebitco.in
s13.freebitco.in
s14.freebitco.in
s15.freebitco.in
s16.freebitco.in
s17.freebitco.in
s18.freebitco.in
s1.freebitco.in
s2.freebitco.in
s3-2.freebitco.in
s3.freebitco.in
s4.freebitco.in
s5.freebitco.in
s6.freebitco.in
s7.freebitco.in
s8.freebitco.in
s9.freebitco.in
sendycdn.freebitco.in
sendy.freebitco.in
sirv.freebitco.in
ws.freebitco.in
wsnew.freebitco.in
bet.freebitco.in
ex.freebitco.in
fbtc-audio.freebitco.in
fbtc-uab.freebitco.in
image_proxy.freebitco.in
ipv6.freebitco.in
lottery-lists.freebitco.in
mining.freebitco.in
nocookie.freebitco.in
promo.freebitco.in
sirv2.freebitco.in
static10.freebitco.in
static1.freebitco.in
static2.freebitco.in
static3.freebitco.in
static4.freebitco.in
static5.freebitco.in
static6.freebitco.in
static7.freebitco.in
static8.freebitco.in
static9.freebitco.in
static.freebitco.in
tracking.freebitco.in
www.freebitco.in
www.ipv6.freebitco.in.

There might be more added so if possible I would use a wildcard *.freebitco.in instead.



Freebitco.in is very close to many of us and it can be compared to someone losing their Bitcoin virginity for the first time. That first experience will always be special.  Tongue

No comment.



In any case 0.5 in less than a week must feel good,

It would feel better if it extrapolated out to more than half a Lambo.  Grin



Why didn't I get the reward for betting on Cerrone vs IAQUINTA? I bet on Cerrone, he won, but I didn't got my BTC reward? What happened?

We are having some administrative difficulties with the betting at the moment. Don't worry, all bets will be settled.

freebitcoin.TO WIN A  LAMBORGHINI!..

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May 07, 2019, 03:06:47 PM
 #8930

Seeing how many tickets are bought already



and that 179 days left until the end of the contest makes me wonder what if, say, over a million tickets will be bought in the end?

I mean 0.00025 BTC, the price of one ticket, is $1.43 currently, and

1.43 × 227153 = 324,828.79

So it is over $320k in the prize pool already although the contest has barely started. It is very likely that there will be over $1 million in the prize pool. Can we expect more than one Lamborghini then? Smiley

It's a lot lesser, the same wagered BTC gives the tickets for the normal lottery and the Lambo lottery. So a lot less "earning" they got so far.

Also, OT I'm working hard of referrals now, hoping a millionaire will join with my link Cheesy

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May 07, 2019, 03:54:56 PM
 #8931

Seeing how many tickets are bought already



and that 179 days left until the end of the contest makes me wonder what if, say, over a million tickets will be bought in the end?

I mean 0.00025 BTC, the price of one ticket, is $1.43 currently, and

1.43 × 227153 = 324,828.79

So it is over $320k in the prize pool already although the contest has barely started. It is very likely that there will be over $1 million in the prize pool. Can we expect more than one Lamborghini then? Smiley

It's a lot lesser, the same wagered BTC gives the tickets for the normal lottery and the Lambo lottery. So a lot less "earning" they got so far.

Also, OT I'm working hard of referrals now, hoping a millionaire will join with my link Cheesy


Crypto millionaire would already around here long enough and would already been with the site. A chance for a USD millionaire to appear under your referrals list by now is slim but would be possible anyhow if you convince them enough reasons Cheesy. May be a Las Vegas professional gambler one day may wish to hide his ass from these censoring methods/ cameras by switching to gamble with crypto anonymously.
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May 07, 2019, 11:28:43 PM
 #8932

@TheQuin, do you know if Freebitco.in serves requests from any domains other than these?
~

This is the full list of subdomains currently.

Code:
-snip-

There might be more added so if possible I would use a wildcard *.freebitco.in instead.

Thanks! As far as I know, Pihole doesn't support regex or wildcard whitelisting at the moment so it's easier for me to just put a list of domains in. If it breaks again, I'll figure it out and whitelist whatever new subdomains are added.

Is there a set time for new betting events to be added? Or should I just keep checking the page?

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May 08, 2019, 03:02:11 AM
 #8933

Is there a set time for new betting events to be added? Or should I just keep checking the page?

It's all still a bit experimental at the moment. We started adding the shorter single match events because that was what people here asked for, but there wasn't really much betting happening. Doing it this way makes a lot of manual work for us so it doesn't really seem worth it. We're looking into available sports betting feeds to see if we could integrate them instead. The PvP betting does seem to be popular with the longer term events so we'll probably add more of those. Just keep checking the page. We are going to make it sortable by category soon so you'll be able to list it by most recently added.

freebitcoin.TO WIN A  LAMBORGHINI!..

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May 08, 2019, 06:12:11 AM
 #8934

Is there a set time for new betting events to be added? Or should I just keep checking the page?

It's all still a bit experimental at the moment. We started adding the shorter single match events because that was what people here asked for, but there wasn't really much betting happening. Doing it this way makes a lot of manual work for us so it doesn't really seem worth it. We're looking into available sports betting feeds to see if we could integrate them instead. The PvP betting does seem to be popular with the longer term events so we'll probably add more of those. Just keep checking the page. We are going to make it sortable by category soon so you'll be able to list it by most recently added.

I made a couple of bets as well, but I wouldn't know how it works with payouts until I win/lose them. I managed to get them in at 99% weight... is there an easy way to see the calculations for how the winnings might work out if you win? For example, if you bet, it shows you a rough estimate of how much your prize money will be IF you win?

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TheQuin
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May 08, 2019, 06:16:40 AM
 #8935

... is there an easy way to see the calculations for how the winnings might work out if you win? For example, if you bet, it shows you a rough estimate of how much your prize money will be IF you win?

That isn't really possible because it works on a percentage split of the total prize pool at the end. That prize pool and the proportion of it placed on the winner changes with every new bet placed.

freebitcoin.TO WIN A  LAMBORGHINI!..

.
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Betwrong
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May 08, 2019, 09:07:39 AM
 #8936

~
So it is over $320k in the prize pool already although the contest has barely started. It is very likely that there will be over $1 million in the prize pool. Can we expect more than one Lamborghini then? Smiley

It's a lot lesser, the same wagered BTC gives the tickets for the normal lottery and the Lambo lottery. So a lot less "earning" they got so far.

Yeah, I understand it now. Took me some time, but it was worth it. Now I realize that my knowledge of how the site works was lacking in depth. It is a sophisticated and well-balanced system that has been giving many of us a chance of winning $200 every hour, risking absolutely nothing, for years. And not only we are risking nothing, but we are winning small amounts of satoshis each time we try.


Also, OT I'm working hard of referrals now, hoping a millionaire will join with my link Cheesy

I sincerely wish you good luck in getting those referrals! I know the chances are slim, but on the other hand they are not that slim as one might think. There are 17 million millionaires in the world. Why one or two of them can't be your ref?

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May 08, 2019, 05:29:47 PM
 #8937

The main point is why would we take a look at only the purchased tickets, I mean if the date is set on 6 months then we can discuss about it anyway. What are the tickets received for? Affiliate income? Well why not? You are giving that away already, people would withdraw instead of playing so even that is a profit for you. Gambling?

Well, you have 5% house edge which we accept because the website offers a lot more stuff but it is one of the biggest I have ever seen. Free faucet on the other hand gives out literally less than 2 cents to everyone. I don't know what could be the reason you consider only 0.5 bitcoin of the tickets sold as "real" and the others are "given away" but in reality I honestly believe none of it was given away, these are money you may not have seen if you didn't had the contest so its all a profit for freebitcoin if you ask me.

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iePlay NoweiI
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coinlocket$
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May 08, 2019, 06:54:43 PM
 #8938


Also, OT I'm working hard of referrals now, hoping a millionaire will join with my link Cheesy

I sincerely wish you good luck in getting those referrals! I know the chances are slim, but on the other hand they are not that slim as one might think. There are 17 million millionaires in the world. Why one or two of them can't be your ref?

That's the spirit Cheesy I must be lucky at least one time on my life but so far only poor people joined  Grin

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May 08, 2019, 08:11:03 PM
 #8939

Is there a way to follow how much my affiliates are buying tickets for? I mean I don't know if I am getting in return for that (I assume I don't) but even if I am not profiting from my affiliates buying tickets (which I might be, once again I don't know) than at least I want to know how much tickets they have bought, that way I can see how many of them active and how many of them are doing exactly what on the website, why they joined and so forth.

I know one for example that didn't deposited anything so far but both got free faucets a lot and gambled a lot so that dude probably gets free money than loses it to the casino constantly Cheesy. I know one that deposited and literally just let it sit there I assume. So I wanna know how much of them would be interested in this one as well.
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May 09, 2019, 12:30:14 AM
 #8940

~what could be the reason you consider only 0.5 bitcoin of the tickets sold as "real" and the others are "given away" but in reality I honestly believe none of it was given away~

The point I made before was that the house edge is already used to pay for everything else on the site. If as it stands at the moment we end up selling less than half the value of the Lambo in tickets then rest has to come from an INCREASE in income from gambling. That is really the whole point of running a promotion like this. If you do a Google news search of "Lamborghini bitcoin" you'll see we have received some good publicity so far. How that translates into increased revenue and if that is enough to pay for Lambo remains to be seen.



Is there a way to follow how much my affiliates are buying tickets for?

We like to respect our customers' privacy. A lot of people refer their friends and family who wouldn't necessarily like the idea of their referrer knowing exactly what they do.

freebitcoin.TO WIN A  LAMBORGHINI!..

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