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

[docthusinh]

Free tickets for stuff like this is a bit of a tricky situation. Now we have people who have bought tickets directly and thats great, that money goes directly to the lambo purchasing part (they probably already have that much money anyway) however for people who get deposit bonus tickets, people who earned from affiliates and got it, people who wagered and go it, they are all basically getting a ticket for free without spending their money. This is why casino is actually not profiting as much as people think, just calculating how much tickets where bought times the ticket price doesn't make it justice. Are they making ANY profit?

Well maybe, only wetsuit can answer that (maybe thequin as well) but I doubt the number is that high, I would bet on not making any profit so far.

You might be true, their profit might already drop after 1 or 2 months and the deposit to get free ticket bonus come out right away. They might bet themself on BTC price by 31 Dec 2019 and hope for it new high (to pay less in BTC), just watch in the next 1, 2 months especially in the last month if the BTC price drop near 5000 USD mark you might see bigger promotion. i.e: BTC price at prize payout is 5000, they will need to payout 40 BTC which require their monthly cost of 40/6 = 6.67 BTC.

[1714863472]

1714863472

[TheQuin]

However, it appears they may have removed football from their betting activities altogether as its no longer a category to select and there are no football matches whatsoever to bet on.

The categories are only listed when there is an active event in them. I was just a bit slow getting next weekends games up. I also missed that the Champions League starts this week but I will get them up starting in the next round of games.

You might be true, their profit might already drop after 1 or 2 months and the deposit to get free ticket bonus come out right away. They might bet themself on BTC price by 31 Dec 2019 and hope for it new high (to pay less in BTC), just watch in the next 1, 2 months especially in the last month if the BTC price drop near 5000 USD mark you might see bigger promotion. i.e: BTC price at prize payout is 5000, they will need to payout 40 BTC which require their monthly cost of 40/6 = 6.67 BTC.

We're not hedging the cost of the Lambo and we're happy that we'll be able to cover it whatever happens to the price of Bitcoin.

[adaseb]

I think some people on here misunderstood my post about earning from faucets and then leaving it on FreeBitcoin to earn from the 4% interest. Yes I have earned 0.005 from faucets over the past few weeks however it wasn't just from FreeBitcoin but from many different faucets including Altcoin faucets which can pay off if that coin happens to go up like they sometimes do. I then sell them for BTC and deposit that into FreeBitcoin for the 4% interest so it can be done, it just takes time.

WOW 4%?  What site gives that!  Because it sure as shit isnt this one lol.  It's 0.04% NOT 4% hahahaha.  The day this shithole gives 4% is the day I retire and finally achieve my goal of having referral income be enough to reitre on.  All the "extra" crap should be removed and the referral income increased as a result.

Lending BTC in general never really gave huge returns compared to say lending USD on Bitfinex margin loans. The only time I can remember when lending BTC was profitable was maybe in the short period when alts were rallying and people were selling BTC in exchange for alts. Then people lent out their BTC on interest and those were used to buy an alt ratio.

Most people who frequent a gambling site are not interested in 4% gains, you can get that with a stock or with a savings account. People who go on gambling sites want 100-1000% profits instead and its one of the reason why gambling is considered very high risk and very high reward if done correctly.

However most people get emotional and bet too much and they end up getting cleaned out due to greed and fear.

[Lakai01]

Lending BTC in general never really gave huge returns compared to say lending USD on Bitfinex margin loans. The only time I can remember when lending BTC was profitable was maybe in the short period when alts were rallying and people were selling BTC in exchange for alts. Then people lent out their BTC on interest and those were used to buy an alt ratio.

It depends on what you mean with "huge returns" Back in late 2017 I lent a bunch of my BTC at Bitfinex for >20% interest rates, I was pretty impressed by the interests earned back then. Nowadays, lending isn't that profitable, that's true.

[Kakmakr]

Free tickets for stuff like this is a bit of a tricky situation. Now we have people who have bought tickets directly and thats great, that money goes directly to the lambo purchasing part (they probably already have that much money anyway) however for people who get deposit bonus tickets, people who earned from affiliates and got it, people who wagered and go it, they are all basically getting a ticket for free without spending their money. This is why casino is actually not profiting as much as people think, just calculating how much tickets where bought times the ticket price doesn't make it justice. Are they making ANY profit?

Well maybe, only wetsuit can answer that (maybe thequin as well) but I doubt the number is that high, I would bet on not making any profit so far.

The hidden advantage of a draw like this is what I call the "Big Carrot" scenario. Every big casino must have a "Big Carrot" to draw people to their establishment. This is why you would frequently see fancy motor vehicle draws being done in Brick n Mortar casinos. You walk past the casino and these cars are parked at the entrance, because people walking past will see that there are nice prizes on offer and they will be drawn into the establishment.

Just look at all the free advertisement that Freebitco.in received on this forum when they launched this Lambo draw. I frequently visit this thread and other Freebitco.in threads, because I love this site and I saw a increase in "newbie" activity, since the launch of this draw.

Freebitco.in might break even or they might even lose money on this Lambo draw, but they can write that off as advertising cost, because they would get new users and also inactive users coming back to the site. 

[UserU]

The hidden advantage of a draw like this is what I call the "Big Carrot" scenario. Every big casino must have a "Big Carrot" to draw people to their establishment. This is why you would frequently see fancy motor vehicle draws being done in Brick n Mortar casinos. You walk past the casino and these cars are parked at the entrance, because people walking past will see that there are nice prizes on offer and they will be drawn into the establishment.

Just look at all the free advertisement that Freebitco.in received on this forum when they launched this Lambo draw. I frequently visit this thread and other Freebitco.in threads, because I love this site and I saw a increase in "newbie" activity, since the launch of this draw.

Freebitco.in might break even or they might even lose money on this Lambo draw, but they can write that off as advertising cost, because they would get new users and also inactive users coming back to the site. 

Even if they lose some, it's the first BTC faucet to give the symbol of wealth. So more or less an achievement

[JP Esq]

However, it appears they may have removed football from their betting activities altogether as its no longer a category to select and there are no football matches whatsoever to bet on.

The categories are only listed when there is an active event in them. I was just a bit slow getting next weekends games up. I also missed that the Champions League starts this week but I will get them up starting in the next round of games.


Ah, no worries. I should have thought of that possibility. Great news about the football betting continuing.

[Muttley]

I think some people on here misunderstood my post about earning from faucets and then leaving it on FreeBitcoin to earn from the 4% interest. Yes I have earned 0.005 from faucets over the past few weeks however it wasn't just from FreeBitcoin but from many different faucets including Altcoin faucets which can pay off if that coin happens to go up like they sometimes do. I then sell them for BTC and deposit that into FreeBitcoin for the 4% interest so it can be done, it just takes time.

WOW 4%?  What site gives that!  Because it sure as shit isnt this one lol.  It's 0.04% NOT 4% hahahaha.  The day this shithole gives 4% is the day I retire and finally achieve my goal of having referral income be enough to reitre on.  All the "extra" crap should be removed and the referral income increased as a result.

It is 4.08% (ANNUAL INTEREST RATE), not per day.

[fullhdpixel]

I doubt freebitcoin got enough advertisement out of this. I mean they were already one of the most known casinos in the whole crypto world and certainly the biggest faucet out there by a large margin, how much new user could they actually get from something like this. Sure they got some but is it enough to justify a 200k giveaway? I doubt so, they probably bet on the fact that people who came in here for this will stay a lot longer when it ends as well, that would help, plus casinos have to keep doing promotions so that they don't lose customers and that is another positive of this as well.

Freebitcoin already gives out so much, having lambo on top of that must have created some financial issues like not earning enough for a long time but at the same time it definitely prolonged websites life for sure.

[hosseinimr93]

Free tickets for stuff like this is a bit of a tricky situation. Now we have people who have bought tickets directly and thats great, that money goes directly to the lambo purchasing part (they probably already have that much money anyway) however for people who get deposit bonus tickets, people who earned from affiliates and got it, people who wagered and go it, they are all basically getting a ticket for free without spending their money.

I am not sure if you can get free tickets for the games referrals play. As far as I know the free tickets are only given for the games you yourself play.
However the users don't spend money directly for these tickets, but the website benefits from the wagers users make. The Lambo encourage the users to play more and the website earn more.

[mindrust]

Free tickets for stuff like this is a bit of a tricky situation. Now we have people who have bought tickets directly and thats great, that money goes directly to the lambo purchasing part (they probably already have that much money anyway) however for people who get deposit bonus tickets, people who earned from affiliates and got it, people who wagered and go it, they are all basically getting a ticket for free without spending their money.

I am not sure if you can get free tickets for the games referrals play. As far as I know the free tickets are only given for the games you yourself play.
However the users don't spend money directly for these tickets, but the website benefits from the wagers users make. The Lambo encourage the users to play more and the website earn more.

You get lottery tickets from your referrals.

This is directly from freebitco.in:

Receive 2 free lottery tickets for every FREE BTC roll you play, 1 ticket for every roll your referrals play and 1 ticket for every 0.00000500 BTC that you wager in the MULTIPLY BTC game!

You don't get the lambo tickets if that's what you mean. You either buy them or wait for the deposit bonus.

[STT]

The Lambo ticket is the golden ticket, lottery tickets being something else.

The interest would be dramatic if it were 4% per day and 0.04 is a correct way to state a percentage but it might vary by country how its stated but to me 1 is 100% return and 0.50 is 50% and so on and that works on a calculator so I take it as correctly stated..    The thing that might upset some is that is the daily interest is far less because of compound interest, this is just plain maths now and some people do these calculations every day because its their bread and butter.
   Its quite simple to work out and imo its a useful thing to remember because all of us are paying interest in some shape or form somewhere.    So if we really got 4% back every day it would be silly good, I wouldnt believe it personally.   This can happen in stocks because (its not cumulative or compounding) you can always lose 100% of the capital amount, here the return is modest because its not especially a capital risk.  A royalty share can return 12% per year,   BTC can and does move 4% in a day, its an avant garde part of the finance market and you are dancing on a razor blade in terms of cutting edge technology really even if its 10 years old BTC still is very much an unknown phenomena and its never occured before in history so 4% moves are correct and in line.   4% interest is a conventional return but ECB just moved to make interest rates negative across Europe so its all relative.


4% every day would mean 1.1 BTC deposited would turn into nearly 2 million BTC in a years time from now.    Thats clearly not realistic      (1.04^365)1.1

The actual daily rate equating to APR of annual interest rate would be 0.0110% or entered on the calculator thats 0.00011
Appears to be tiny but its compounding, credit cards use the same deal afaik but obviously it adds up.
  So same as above we add 1 for the capital returned 1.00011 and then to the power of 365 for each day (1.00011^365)1.1 gives the actual return of 1.145 BTC for a 1.1 BTC deposit over a year aprox.
1.145/1.1~4%

https://www.free-online-calculator-use.com/daily-interest-calculator.html    [I just check the website and it literally does say the daily rate and its more accurate then the rough calc I made above]

  

[BTCevo]

The Lambo ticket is the golden ticket, lottery tickets being something else.

The interest would be dramatic if it were 4% per day and 0.04 is a correct way to state a percentage but it might vary by country how its stated but to me 1 is 100% return and 0.50 is 50% and so on and that works on a calculator so I take it as correctly stated..    The thing that might upset some is that is the daily interest is far less because of compound interest, this is just plain maths now and some people do these calculations every day because its their bread and butter.
   Its quite simple to work out and imo its a useful thing to remember because all of us are paying interest in some shape or form somewhere.    So if we really got 4% back every day it would be silly good, I wouldnt believe it personally.   This can happen in stocks because (its not cumulative or compounding) you can always lose 100% of the capital amount, here the return is modest because its not especially a capital risk.  A royalty share can return 12% per year,   BTC can and does move 4% in a day, its an avant garde part of the finance market and you are dancing on a razor blade in terms of cutting edge technology really even if its 10 years old BTC still is very much an unknown phenomena and its never occured before in history so 4% moves are correct and in line.   4% interest is a conventional return but ECB just moved to make interest rates negative across Europe so its all relative.


4% every day would mean 1.1 BTC deposited would turn into nearly 2 million BTC in a years time from now.    Thats clearly not realistic      (1.04^365)1.1

The actual daily rate equating to APR of annual interest rate would be 0.0110% or entered on the calculator thats 0.00011
Appears to be tiny but its compounding, credit cards use the same deal afaik but obviously it adds up.
  So same as above we add 1 for the capital returned 1.00011 and then to the power of 365 for each day (1.00011^365)1.1 gives the actual return of 1.145 BTC for a 1.1 BTC deposit over a year aprox.
1.145/1.1~4%

https://www.free-online-calculator-use.com/daily-interest-calculator.html    [I just check the website and it literally does say the daily rate and its more accurate then the rough calc I made above]

  

I believe we can approximately get our numbers of compund on the site directly, just put the numbers that you want to compound  and it will give you the number that you can get with the 4% interest. I still do not get an exact percentage on how much we can get towards price surge or down but 1-4% range is a little bit too much or not even close to the actual profit that we can get

[TheQuin]

I doubt freebitcoin got enough advertisement out of this.

We think it has been worthwhile. We got a lot of coverage on the crypto news sites and a healthy increase in volume.

[adaseb]

Lending BTC in general never really gave huge returns compared to say lending USD on Bitfinex margin loans. The only time I can remember when lending BTC was profitable was maybe in the short period when alts were rallying and people were selling BTC in exchange for alts. Then people lent out their BTC on interest and those were used to buy an alt ratio.

It depends on what you mean with "huge returns" Back in late 2017 I lent a bunch of my BTC at Bitfinex for >20% interest rates, I was pretty impressed by the interests earned back then. Nowadays, lending isn't that profitable, that's true.

Yes it was high back then because everybody wanted to buy more ETH,XRP, LTC, etc. Pretty much any known alt-coin. And many bought the ratio because they wanted to stay in Crypto and not in fiat. So what happened was people were borrowing BTC, paying crazy interest rates and selling that BTC for ETH, XRP and LTC.

These days look at the markets and see how badly alts are performing. Its performing bad because nobody is buying them because they all seem overpriced on the ratio scale. Everybody wants the dominance to hit 80% or so. So there is not much interest to short BTC, hence the lending rate is low.

As far as I know FreeBitco.in is the only gambling site currently which pays for lending BTC. There are a few which do bankroll investment but that carries a slight risk and lending never does.

[Lakai01]

I doubt freebitcoin got enough advertisement out of this. I mean they were already one of the most known casinos in the whole crypto world and certainly the biggest faucet out there by a large margin, how much new user could they actually get from something like this.

I think it will definitely pay out. Freebitco.in and its contest is literally covered in every larger crypto-blog or news site. I read even an article in a well known newspaper about the giveaway (can't find the link unfortunately). The amount someone needs to deposit isn't that much, so it's very appealing for users to deposit BTC to get golden tickets, additionally, they even earn interest for depositing funds.

The need to deposit funds is the most inhibiting threshold for new customers in my opinion. Once they have the funds at the site, it's very likely that they wager at least a small amount at games or bets.

[docthusinh]

I doubt freebitcoin got enough advertisement out of this.

We think it has been worthwhile. We got a lot of coverage on the crypto news sites and a healthy increase in volume.

Healthy increase in volume, but lower lottery prize, ignore the period that the first prize skyrocket to 1.8-2.0btc (mass multi accounts bot), it's prize now is lesser than 0.5 BTC (which was before that event is 0.5 -> 0.6 btc) but the wager volume right now is much more than before so either it's not really healthy or the prizes have been offset for weeks to pay the Lambo.

[imstillthebest]

As far as I know FreeBitco.in is the only gambling site currently which pays for lending BTC.

they dont do lending business and we dont lend our btc to them but it was only like an investment afaik , that when you have a balance higher than their said minimum , you can earn some interest or profits  but this site isnt alone to offer this kind of idea because other gambling sites or faucet sites that i visited they also have it  .

this is cool and useful aside from storing or hodling our cryptos alone on our wallet and not earning succesive profit due to fluctuations  .

[epidemia]

I'm curious if the project plans to add new games to its site? I have been playing freebitco.in for over a year now, sometimes the hi-lo game is annoying and I want to play something else. But I trust only a few similar sites, freebitco.in is included in this number. Now a lot of such fraudulent sites, I do not want to just lose money...but I want variety

[JohnBitCo]

I doubt freebitcoin got enough advertisement out of this.

We think it has been worthwhile. We got a lot of coverage on the crypto news sites and a healthy increase in volume.

Healthy increase in volume, but lower lottery prize, ignore the period that the first prize skyrocket to 1.8-2.0btc (mass multi accounts bot), it's prize now is lesser than 0.5 BTC (which was before that event is 0.5 -> 0.6 btc) but the wager volume right now is much more than before so either it's not really healthy or the prizes have been offset for weeks to pay the Lambo.

Have anyone won a lottery at Freebitco ? I have tried my luck many times in this lottery but never won it. Even I used to solve the captcha at this site every hour but never got a big reward. Maybe I am not that lucky to go for a Lamborghini