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

[mindrust]

Most guys you see there with thousands of tickets get them from their referrals. Wake up. Some do get them either from wagering on multiply btc and some buy them directly but i believe not many do it like that.

[1713532890]

1713532890

[Herbert2020]

Many of us, users of freebitco.in, talked about its huge house edge on Multiply BTC game, at least once. Indeed it is greater than, probably, on any other dice site. I don't remember about playing dice with 5% house edge anywhere except freebitco.in.

something interesting about the house edge that i was thinking about the other day is that in order to see if it is actually affecting you is to look how many of your bets would have been a winning bet if the house edge was something else.
i haven't tested this yet since i am trying to avoid gambling for a while but i remember when i lost a 2x game where i had to roll above 5250 for example it wasn't a loss for rolling 5249 but it was a loss because i rolled something like 1000 which is way below the mark. so it wouldn't have mattered if house edge was something else.

i do realize that mathematically you have less chance of winning but it is still interesting to see how it affected you in reality.

[hosseinimr93]

We need to really consider what is considered a "house edge" at freebitcoin.
In any other place when you gamble there is only winning and losing, so on average if you lose 1% then that is fine because that is the house edge and you are done with the casino when you stop betting. Now we all know freebitcoin has a HUGE looking house edge and people think that you will lose that much and all but people are forgetting one eternal truth that you do not only gamble here. That is not what you do when you just bet, when you place a bet, you can win or lose you will still get ; lottery tickets + lambo tickets + reward points + if you came here from an affiliate someone making profits thanks to you.

Freebitco have provided many opportunities for their users and that's why Freebitco is very popular among the cryptocurrency community.
When you place a bet in dice game, the chance of freebitco is 5% bigger than the chance of player to win the wager. But it doesn't mean that freebitco is making 5% profit from the money deposited to their website. Their profit is lower. As you mentioned they give reward points which can be easily exchanged to bitcoin. Soon they will give a prize worth 200,000 dollars. They are giving faucets and daily interest too.

i haven't tested this yet since i am trying to avoid gambling for a while but i remember when i lost a 2x game where i had to roll above 5250 for example it wasn't a loss for rolling 5249 but it was a loss because i rolled something like 1000 which is way below the mark. so it wouldn't have mattered if house edge was something else.

According to what you say, it doesn't matter even if the house edge is 80%,
No, when you play for long term, the house edge  does matter.

[UserU]

Honestly I don't really care much about their 5% HE, after all the site's pretty lenient in deposits and withdrawals as long as you don't break the rules.

Since the house wins in the long run anyway.

[jostorres]

There are no requirement for people to make deposits for them not to be flagged as a faucet abuser. TheQuin just mentioned that the specific abuser tried to hide his actions by doing a quick deposit to try and fool the admin into believing that they were a actual legitimate user of the site.

You can make small deposits, but your actions and the way you handle your account would flag certain commonly used behavior that most bots and faucet abusers use to abuse the site.  

The abuse is not the not-depositing money, the abuse is the automatic faucet usage. Hell I am quite certain if you did automatic script that claims faucet for you just for your one account even that wouldn't have been a huge problem.

However, if you open 100 accounts and use VPN and then even affiliate yourself and just claim faucet all day every day constantly then you will eventually get banned because the illegal part here is not the usage of faucets with script as you can see, it is the 100 accounts with VPN. How could anyone even think that having multiple accounts trying to abuse the website could be somehow forgiven by just depositing money? You could literally withdraw it back with the winnings. Remember, you do not earn this money, you are given it for free.

[Lakai01]

You could literally withdraw it back with the winnings. Remember, you do not earn this money, you are given it for free.

Thanks for stressing this out, most of the people discussing if this is an abuse or not forget about the fact, that freebitco.in gives you the money for free. They do this to keep a single user at their site and make him log in a few times per day. Chances are very high that the user instantly gambles with his free money and loses it, leading to the fact that freebitco.in doesn't really lose a significant amount of money with those free rolls. As soon as someone sees the free rolls as income and uses it in a way it wasn't meant to be its an abuse.

[STT]

The deposit allows them to skip the captcha which I presume would cause them hassle or slow down their bot, so their motivation would be purely easing the use of multiple accounts.   Seems very risky to me as surely the faucet amounts is tiny vs the deposit required and so they are taking a fairly large risk for little reward.   The worst kind of gambler gets the risks of what their doing very wrong and blames others for it.    The house % is a margin not their profit, they have to get costs out of that.   Any casino has to win to cover costs at the least or they wont continue to operate, I've no idea what their final take would be after all the fake accounts are accounted for but its an ongoing war in basic AI I guess.

[adaseb]

Sometimes some common sense can be applied to what is faucet abuse or not.

If you are a high net worth individual or a high roller many casinos in Las Vegas will offer you free hotel stays, free meals, free excursion packages in hopes that you gamble at their casino. Most likely most of those individuals lose more money gambling than they saved with the free hotel and free meals.

Now say there is some high net worth individual who keeps taking advantage of these free hotel rooms and the casino notices that this individual on every stay never actually gambles. What will they do? Eventually they will stop giving him the free perks. They are in the business of making money and not keeping people happy for free.

This is similar to what is happening with bitcoin faucets pretty much.

[hosseinimr93]

Now say there is some high net worth individual who keeps taking advantage of these free hotel rooms and the casino notices that this individual on every stay never actually gambles. What will they do? Eventually they will stop giving him the free perks. They are in the business of making money and not keeping people happy for free.

This is similar to what is happening with bitcoin faucets pretty much.

Yes, Online casinos are created for benefit of their owners. They are not created to give people free money. But I don't think freebitco bans someone who registered 1 account in freebitco and claim faucet every hour and didn't have any benefit for freebitco. As long as people don't abuse the faucets they are safe.
Now freebitco is giving 24 Satoshi for every claim. As the minimum withdrawal amount is 0.0003 BTC, so it is needed to claim the faucet at least 1250 times. Even if the person never sleeps and  claim the faucet regularly every hour, it takes 52 days to become able to withdraw your free Satoshis (Actually it takes longer time). I am sure there are many few people to do this and freebitco give them these free Satoshis as long as they don't try to cheat freebitco with creating multiple accounts.

[Betwrong]

~
i haven't tested this yet since i am trying to avoid gambling for a while but i remember when i lost a 2x game where i had to roll above 5250 for example it wasn't a loss for rolling 5249 but it was a loss because i rolled something like 1000 which is way below the mark. so it wouldn't have mattered if house edge was something else.

i do realize that mathematically you have less chance of winning but it is still interesting to see how it affected you in reality.

Indeed, if you make 20-30 rolls the situation in most cases is as you described it. But if you make thousands of rolls, you are very likely to roll some numbers in the range 50.50-52.50, like this one, for example:



which would be a winning roll on a site with 1% house edge.

[darewaller]

Common sense also says that there will always be people who will do such things, people who try to take advantage of all the free things they can get, casinos unfortunately will always have to be on defense against those people. Even in real life example there are smaller gamblers who get free perks, for example if they see you gambling on something they might give you free beer, that is not only to reward you playing but also get you drunk and make you gamble more.

Well, there are people who use this and gamble very tiny amounts and get the free drinks and get out, now that is not a huge loss on casinos end but there are people who do this for just free beers, so it is not a shock that there would be people who abuse the faucet here as well, it is just how it is, freebitcoin has to fight against them no matter how many times they come back.

[ChrisPop]

I've just got two tickets for myself. I know my chances are pretty low, but it is better to have a chance than none right? I've checked and there are over 5,5 million tickets in the Lamborghini Huracan lottery pool at the moment. That means my chances are much higher than to be born as a human which are 1 trillion to 1.

Wondering what the winner of the Lamborghini will do. Take the lambo or cash in those $200k worth of BTC. It would be nice if the organisers will make a wrap job on the lambo with the freebitco.in brand and post it here on the thread haha

[hosseinimr93]

Well, there are people who use this and gamble very tiny amounts and get the free drinks and get out, now that is not a huge loss on casinos end but there are people who do this for just free beers, so it is not a shock that there would be people who abuse the faucet here as well, it is just how it is, freebitcoin has to fight against them no matter how many times they come back.

Do you mean that someone who has only 1 account and claim faucets regularly and never gamble is abusing the system? I don't think this is abusing the system.
Abusers are those who have multiple accounts and claim faucets. These people must be banned.
Having multiple accounts and claiming faucet is abusing the system even if the user deposit and gamble. But as long as someone has only 1 account cannot be called abuser even if he never gamble and just claim faucet.

[STT]

It would be nice if the organisers will make a wrap job on the lambo with the freebitco.in brand and post it here on the thread haha

It'd be good publicity I think, I dont think wrap covers are that cheap to do though, maybe just the hood perhaps and its a wear item I often see people cover the paint on a low suspension car especially.
   To guess who might take the car over the 200k I think would depend on the country of the winner, its possible the car could be worth more if somehow the tax system gave a bias to receiving that as an item over the winnings in cash.     I think the vast majority of countries its going to favor the 200k choice though, Dollar still has a high value at present also and has not especially fallen this year.

[mindrust]

I have a bright idea.

TheQuin should create a bet:

"What will the lambo lottery winner choose? The lambo or the btc?"

I'd bet 10k sats on that he'll go with the btc.

[UserU]

I have a bright idea.

TheQuin should create a bet:

"What will the lambo lottery winner choose? The lambo or the btc?"

I'd bet 10k sats on that he'll go with the btc.

That's one ez bet for sure

[hosseinimr93]

I have a bright idea.

TheQuin should create a bet:

"What will the lambo lottery winner choose? The lambo or the btc?"

I'd bet 10k sats on that he'll go with the btc.

If the bet you mentioned is created, I guess outcome odds would be like this:
BTC: 9.5 1.05
Lambo: 1.05 9.5
So, you will likely earn 500 Satoshis
I think the winner will prefer to receive the reward at btc to avoid the trouble of car shipping.

[mindrust]

I have a bright idea.

TheQuin should create a bet:

"What will the lambo lottery winner choose? The lambo or the btc?"

I'd bet 10k sats on that he'll go with the btc.

If the bet you mentioned is created, I guess outcome odds would be like this:
BTC: 9.5
Lambo: 1.05
So, you will likely earn 500 Satoshis
I think the winner will prefer to receive the reward at btc to avoid the trouble of car shipping.

Anybody in the right mind would get the BTC unless he is already rich, and if the winner was already rich, he will be probably one of those guys with 40-50million tickets camping the lottery section every week.

10-15 of those guys probably have the majority of the lambo tickets already. So... I think "get the lambo"'s chances are a bit higher I believe.

[Juggy777]

It would be nice if the organisers will make a wrap job on the lambo with the freebitco.in brand and post it here on the thread haha

It'd be good publicity I think, I dont think wrap covers are that cheap to do though, maybe just the hood perhaps and its a wear item I often see people cover the paint on a low suspension car especially.
   To guess who might take the car over the 200k I think would depend on the country of the winner, its possible the car could be worth more if somehow the tax system gave a bias to receiving that as an item over the winnings in cash.     I think the vast majority of countries its going to favor the 200k choice though, Dollar still has a high value at present also and has not especially fallen this year.

I don’t think Freebitco will do it because they’ll need permission from the winner, and most likely the winner will deny their request as he’ll have other ideas to modify his car. @STT the winner should choose bitcoins only because if he holds them, and bitcoins price rises then he can buy a Lamborghini and yet have extra funds to spend.

I have a bright idea.

TheQuin should create a bet:

"What will the lambo lottery winner choose? The lambo or the btc?"

I'd bet 10k sats on that he'll go with the btc.

If the bet you mentioned is created, I guess outcome odds would be like this:
BTC: 9.5
Lambo: 1.05
So, you will likely earn 500 Satoshis
I think the winner will prefer to receive the reward at btc to avoid the trouble of car shipping.

@mindrust there’s no way Freebitco will consider this kind of bet, as they’re already spending so much on the promotions hence they won’t spend more to promote their site.

[hosseinimr93]

@mindrust there’s no way Freebitco will consider this kind of bet, as they’re already spending so much on the promotions hence they won’t spend more to promote their site.

Why should they spend money for creating a bet?
Creating the bet which mindrust talk about not only does not cost them but also is profitable for them.