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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 414873 times)
TheQuin
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May 28, 2019, 09:11:24 AM
 #9041

I'm pleased to announce that you can now make instant and slow withdrawals to bech32 addresses.

freebitcoin.TO WIN A  LAMBORGHINI!..

.
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May 28, 2019, 11:53:14 AM
 #9042

I have done some betting for testing in past but i am not finding any betting history i think they have to show the betting history . Usually how long it will take to credit betting winnings.
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May 28, 2019, 12:12:47 PM
 #9043

Where we can find more information on this promo " Win a Lamborghini Huracan" ?

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May 28, 2019, 12:15:35 PM
 #9044

This way is also not fair enough,

I think you are confusing your likes and dislikes with fairness.

Nope, I really do like it but somehow it does not make any sense to me when you do in that way. It will be just the same as the first time you set it in the end of month. 23th and 30th will be just one week difference so it does not make any huge difference unless there is some pump and dump like what I said before


it will be pointless to have people bet on the start as well. For example if they bet on lower odds which is possible the highest chance to win but it close on 23th June.

It isn't pointless to bet at the start and get a near 100x time weighting.

So you are saying that if we bet the first time, that odds from my first bet will be locked? So any changes later on near end of the time limit will never affect on my bet?

unless there is suddenly a very huge pump and dump? To have 23th or 30th will just be the same, in a week range does not have much different because the gap that you make is far too safe which people will consider to bet on the safest point here.

Bitcoin moved from $6200 to $8200 between the 10th and 14th of May. Sharp movements in Bitcoin price within a week are common and a pullback to below $6000 was still very possible between betting closing on the 23rd and end date of the 31st.

That is why I am saying, it does not really change too much if the price later will be bounce back. Anyway, I just checked out that you have update the new bet options here using exact fix price. There is no more huge gap anymore. If I choose to bet on $10,000, any number around that will turn out to be the winner? Example $10,100, I will win the current odds 2.67x?
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May 28, 2019, 01:01:26 PM
 #9045

Where we can find more information on this promo " Win a Lamborghini Huracan" ?
You can find in their site in section golden ticket

https://ibb.co/zGtGthd

https://ibb.co/n6LJWpw

https://ibb.co/Jn8ht3q
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May 28, 2019, 01:42:04 PM
 #9046

Where we can find more information on this promo " Win a Lamborghini Huracan" ?
You can find in their site in section golden ticket

https://ibb.co/zGtGthd

https://ibb.co/n6LJWpw

https://ibb.co/Jn8ht3q
This is a strange way to post a "guide" ! Shocked
Just screenshots from what appears to be a phone-orientation? And do I get to pick my Lamborghini's colour?  Cool
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May 28, 2019, 05:33:13 PM
Last edit: May 28, 2019, 05:44:36 PM by mindrust
 #9047

I'm pleased to announce that you can now make instant and slow withdrawals to bech32 addresses.


Finally.

I hope you implement Lightning Network too. The withdrawal fee is 6.8k satoshi right now. Not too bad but not too bright neither. Soon it will be pointless to use on-chain faucets because nobody will have enough funds to withdraw and pay the transaction fees.

edit: I see Auto Withdraw's fee is limited to 3k sats. That's good but I don't know how long you can sustain it especially when btc hits $50k.




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May 28, 2019, 08:54:38 PM
 #9048

And do I get to pick my Lamborghini's colour?  Cool
Probably yes. Freebitco.in haven't bought Lambo so far in case if winner will want to take money instead of car. So, I think that they will let to choose color of car.




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May 29, 2019, 01:21:57 AM
 #9049

And do I get to pick my Lamborghini's colour?  Cool
Probably yes. Freebitco.in haven't bought Lambo so far in case if winner will want to take money instead of car. So, I think that they will let to choose color of car.

Any colour you like (if Lambo do it).



edit: I see Auto Withdraw's fee is limited to 3k sats. That's good but I don't know how long you can sustain it especially when btc hits $50k.

It was only during the last bull run when fees were extremely high that we introduced any fee at all on auto-withdraw. We will only increase that fee if costs increase to force us to.



This way is also not fair enough,

I think you are confusing your likes and dislikes with fairness.

Nope, I really do like it but somehow it does not make any sense to me when you do in that way. It will be just the same as the first time you set it in the end of month. 23th and 30th will be just one week difference so it does not make any huge difference unless there is some pump and dump like what I said before

What has that got to do with fairness?

I just explained and gave examples. Bitcoin can and has moved by large amounts in less than a week many times. There is an obvious advantage to closing betting when the market still has time to change the outcome rather than letting people pile in with huge bets at 23:59 on the day it is decided. No, it isn't the same.


So you are saying that if we bet the first time, that odds from my first bet will be locked? So any changes later on near end of the time limit will never affect on my bet?

NO!!!!! That is clearly not what I said. I said that you get a bigger time weight multiplier and that is not pointless.


I will win the current odds 2.67x?

NO!!!!!! You will win your share of all the bets placed on other outcomes at the end with the time weight multiplier at the time you bet applied.

freebitcoin.TO WIN A  LAMBORGHINI!..

.
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May 29, 2019, 06:06:25 AM
 #9050

I'm pleased to announce that you can now make instant and slow withdrawals to bech32 addresses.


Just a pity I signed up here with a service that does not allow me to sign my Bitcoin address or I would have changed my Bitcoin address in the blink of an eye. Luckily for me, I do not withdraw bitcoins frequently from this site, so the higher fees that I have to pay for the withdrawals will not matter to me.

The service I am using has no plans to implement bech32 addresses, so I am stuck with them for now.  Roll Eyes  Bitcoin has their fair share of politics and this is just one example of that.  Tongue




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May 29, 2019, 06:25:09 AM
 #9051

I have done some betting for testing in past but i am not finding any betting history i think they have to show the betting history . Usually how long it will take to credit betting winnings.
What history are you talking about? Placed bets and the outcome?
You can see some statistics under "Stats -> Personal Stats" but they are very general like how many free rolls you have played, how many btc you wagered and how many btc you won/lost in games.

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fullhdpixel
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May 29, 2019, 07:46:48 AM
 #9052

Putting your money into the interest is by far the most logical thing you can do no matter when you do it. When bitcoin is going down you are making more bitcoin so you are losing less than others, when bitcoin is going up you are making more profit then others.

I think while we are on this bull run I wish we had like a locking mechanism as well, I know it doesn't feel safe and what would happen if you suddenly needed money so it makes absolutely no sense and nobody would want it but if we had locking mechanism in the website I would put all of my money into interest and lock it for 30 days straight so I wouldn't touch it.

Whenever bitcoin goes up I tend to cash out a bit from my profits to get something I have been wanting for a while (this time it was a laptop bag for my alienware) and I need to stop doing that so I would totally use that locking mechanism even though it makes no sense to build something like that.

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May 29, 2019, 08:08:05 AM
 #9053

Forgive me if this has been answered before, didn't find anything relevant via the Search bar + Google searches of this particular thread though it seems like others have SOME of the same questions I do.

It's been intriguing to see the growth of freebitco.in over this past year, especially adding their sportsbook/betting platform in recent months. I actually bet a lot on different platforms (fiat books like BetOnline, Bookmaker, Bovada + crypto books like Nitrogen Sports). I've stored a good amount of my BTC with freebitco.in and use it as my personal wallet for the 4.08% interest and intermediary between sportsbooks (like the ones mentioned earlier in my post) and exchanges (Coinbase, etc) as it is common knowledge amongst bettors that exchanges will often shut down your account permanently if you directly withdrawal from a sportsbook to their exchange (as they don't want to associate themselves with gambling and/or potentially illicit coins).

Questions:

1) Given freebitco.in added their sportsbook/betting platform making them not just a faucet/wallet but now also a sportsbook, is it safe to withdraw BTC from freebitco.in directly to an exchange? I'm starting to think no, it's not...

2) The betting seems to be parimutuel (like horse racing) in that odds are not decided until the betting period is closed, is that correct? And I saw the formula for the time weight multiplier in the website and understand the GENERAL concept (earlier wagers are paid out more with a higher weight of the prize pool), but I am still unable to have a good sense of what my wager and therefore payout is potentially worth. I feel some betters like myself really value being able to detect whether or not we have an edge in regards to a specific wager, so if it's unknown to us (because we don't know what odds we are getting or what the ultimate payout will be for our bet), many people will simply not bet to be safe.

Have talked with numerous other bettors I know on various platforms and forums (not bitcointalk specifically) and I know they are also confused in regards to these two (2) questions, so any clarification here (and especially added to the website itself) would be greatly appreciated. Several year fan of freebitco.in and hope to see you guys and gals continue to grow.

Thanks in advance.
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May 29, 2019, 08:17:43 AM
 #9054

1) Given freebitco.in added their sportsbook/betting platform making them not just a faucet/wallet but now also a sportsbook, is it safe to withdraw BTC from freebitco.in directly to an exchange? I'm starting to think no, it's not...

We have been a gambling site since 2013 so nothing changed. Check the terms of service of any exchange you use.

2) The betting seems to be parimutuel (like horse racing) in that odds are not decided until the betting period is closed, is that correct?

Yes.

And I saw the formula for the time weight multiplier in the website and understand the GENERAL concept (earlier wagers are paid out more with a higher weight of the prize pool), but I am still unable to have a good sense of what my wager and therefore payout is potentially worth. I feel some betters like myself really value being able to detect whether or not we have an edge in regards to a specific wager, so if it's unknown to us (because we don't know what odds we are getting or what the ultimate payout will be for our bet), many people will simply not bet to be safe.

It is player versus player betting so you can't know in advance what the other players will do after you place your bet. That does make it difficult to know if you have an 'edge' but it can also add to the game.

Have talked with numerous other bettors I know on various platforms and forums (not bitcointalk specifically) and I know they are also confused in regards to these two (2) questions, so any clarification here (and especially added to the website itself) would be greatly appreciated. Several year fan of freebitco.in and hope to see you guys and gals continue to grow.

Thanks in advance.

I'll see if we can put more information up.

freebitcoin.TO WIN A  LAMBORGHINI!..

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May 29, 2019, 08:23:37 AM
 #9055



2) The betting seems to be parimutuel (like horse racing) in that odds are not decided until the betting period is closed, is that correct? And I saw the formula for the time weight multiplier in the website and understand the GENERAL concept (earlier wagers are paid out more with a higher weight of the prize pool), but I am still unable to have a good sense of what my wager and therefore payout is potentially worth. I feel some betters like myself really value being able to detect whether or not we have an edge in regards to a specific wager, so if it's unknown to us (because we don't know what odds we are getting or what the ultimate payout will be for our bet), many people will simply not bet to be safe.



I just made a bet on Liverpool to win the champions league final and here the so-called OUTCOME ODDS is 1.64 but it seems like that odds will be adjusted after the event ends.
and when 61% has Liverpool as the favorite, then the odds will probably fall to 1.39% or below

From FreeBitco
Quote
Estimated odds for this outcome. Actual odds will be calculated after betting ends for this event.
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May 29, 2019, 08:35:18 AM
 #9056

This is really a good bitcoin faucet though for now they only give few cents in BTC compared before as it seems that they adjusted it due to the fact that bitcoin market price before has a huge difference to which now BTC has gone expensive reaching to 8.7K USD per BTC. So, it is expected for the gambling site to adjust the free BTC giveaways.

There are other bitcoin faucets that could also be used for gambling but there is no better than this gambling site as a bitcoin faucet knowing that this site is one of the oldest site for BTC faucets. Good job on the team manages this project.
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May 29, 2019, 08:36:34 AM
 #9057


Have talked with numerous other bettors I know on various platforms and forums (not bitcointalk specifically) and I know they are also confused in regards to these two (2) questions, so any clarification here (and especially added to the website itself) would be greatly appreciated. Several year fan of freebitco.in and hope to see you guys and gals continue to grow.

Thanks in advance.

I'll see if we can put more information up.


Thanks for the quick response to my questions, @TheQuin. Much appreciated. Will relay the information to others I know.
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May 29, 2019, 08:49:56 AM
 #9058

~as it is common knowledge amongst bettors that exchanges will often shut down your account permanently if you directly withdrawal from a sportsbook to their exchange (as they don't want to associate themselves with gambling and/or potentially illicit coins).
~

From what I know it only concerns US based exchanges, Coinbase in particular. But, in fact, I doubt that even Coinbase will confiscate your funds in case you you've made a withdrawal from a sportsbook. Yes, I've read stories about "Coinbase blocking accounts that withdraw from gambling sites", but what "blocking" actually means here? They can block you from using their site, but I think they don't have the right to take your coins.

Also, are there other sites like that actually? Because I've managed to find only Coinbase-related stories. Maybe it's better just to not use Coinbase then?

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TheQuin
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May 29, 2019, 08:57:58 AM
 #9059

Maybe it's better just to not use Coinbase?

That is very sound advice.

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May 29, 2019, 09:00:09 AM
 #9060

~as it is common knowledge amongst bettors that exchanges will often shut down your account permanently if you directly withdrawal from a sportsbook to their exchange (as they don't want to associate themselves with gambling and/or potentially illicit coins).
~

From what I know it only concerns US based exchanges, Coinbase in particular. But, in fact, I doubt that even Coinbase will confiscate your funds in case you you've made a withdrawal from a sportsbook. Yes, I've read stories about "Coinbase blocking accounts that withdraw from gambling sites", but what "blocking" actually means here? They can block you from using their site, but I think they don't have the right to take your coins.

Also, are there other sites like that actually? Because I've managed to find only Coinbase-related stories. Maybe it's better just to not use Coinbase?

Per people I know and other forums (Reddit, SBR, etc), yes, exchanges can and will shut down your account. They will return your funds (I never stated they took/kept your money), but you are not able to use their services again. There are also rumors that this hinders your ability to utilize other exchanges since information like this may be shared between them.

Coinbase is the most often cited one, but it's not the only one. And there seem to be triggers for them or any exchange to even do this, as not all bettors who withdraw directly from a sportsbook to an exchange directly are flagged.
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