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

[BTCevo]

but we have 30days, everything can happen so is safer to wait the last day and set a little higher "safe bet" on the best range, that range on the last day will have probably a range near 1.1
So base on what you said If I bet now 1 BTC on bitcoin with odds 3.71 as 1st picture and I will win my bet is not locked with that odds but if I will win I will get something around 1.2?

I thought of that which is why I set betting to close on the 23rd of the Month.

This way is also not fair enough, 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. Dont you think it is best to wait them until last minutes to bet? The chance wont be drastically change, 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. Why dont you make more options to bet instead of the range spare. May be a prediction like in couple of hours or minutes, it is faster and have a better odds

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[TheQuin]

This way is also not fair enough,

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

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.

Dont you think it is best to wait them until last minutes to bet? The chance wont be drastically change,

The whole point is you have to make that trade-off between getting a high time weight multiplier and having more information to base your bet on. It is simply a choice.

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.

Why dont you make more options to bet instead of the range spare. May be a prediction like in couple of hours or minutes, it is faster and have a better odds

I did make more options. Have a loke a the options on the June bet.
When we put the May bet up Bitcoin price had been quite stable since December last year. I didn't see the bull run coming so soon so we were a little caught out and didn't have sufficient options on the May bet.

[STT]

Early bets have a higher weight and will get a bigger share of the prize pool!

Thats fair enough, a few people have noted about the time factor and it being advantageous to delay the bet otherwise but if early bird rule is in effect that counters it.     I used to see this with sports betting quite alot, people would swoop in last minute with a bet which causes some problems.  



Bitcoin is very unpredictable,   I was so sure it would hang around 6000 area for far longer.   This I dont understand.    I made a deposit to take advantage of the interest on the site which I dont often do.   When its this irrationally positive it makes sense to just save and take in the scenery as we rise , last time I decided this as a policy was Feb 2017 so hopefully Im similarly correct longer term.

[xvids]

Early bets have a higher weight and will get a bigger share of the prize pool!

Thats fair enough, a few people have noted about the time factor and it being advantageous to delay the bet otherwise but if early bird rule is in effect that counters it.     I used to see this with sports betting quite alot, people would swoop in last minute with a bet which causes some problems.  



Bitcoin is very unpredictable,   I was so sure it would hang around 6000 area for far longer.   This I dont understand.    I made a deposit to take advantage of the interest on the site which I dont often do.   When its this irrationally positive it makes sense to just save and take in the scenery as we rise , last time I decided this as a policy was Feb 2017 so hopefully Im similarly correct longer term.

Well that is how things go early bets should really have a bigger share compare to those last minute bets,
Because there are times that we could almost see the winning team .
If I am not mistaken you could put up a bet even when the game had started right?
So it would be much more easy to predict.

[slaman29]

Anyone care to share bets made at 99x weight and at 0 weight so we can compare what the differences would have been? Might get more interest and more people too! I think someone did make a suggestion to add some estimations calculator so yeah that could be something interesting as well. Guess a lot of us stood by the sidelines for a while, (although I made a bet just out of curiosity).

[TheQuin]

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

[niisarearning]

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.

[MICRO]

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

[BTCevo]

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?

[trilyuner]

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

[RivAngE]

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" !
Just screenshots from what appears to be a phone-orientation? And do I get to pick my Lamborghini's colour? 

[mindrust]

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.

[LTU_btc]

And do I get to pick my Lamborghini's colour? 

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.

[TheQuin]

And do I get to pick my Lamborghini's colour? 

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.

[Kakmakr]

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.    Bitcoin has their fair share of politics and this is just one example of that. 

[Lakai01]

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.

[fullhdpixel]

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.

[A Confused Shoe]

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.

[TheQuin]

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.

[cryptjh]

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

Estimated odds for this outcome. Actual odds will be calculated after betting ends for this event.