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[adaseb]

I'm having the worst of luck with the hi-lo game today.
Yesterday i felt invincible, made $20 in about 1 hour.
Today i can't even break even. The system hates me

That is just how provably fair gambling sites should work.    If it was a simple as having a good day, every day.. these sites would not have existed. In the back of your mind, you might think the system is rigged and it takes back what it gives, but that is not true at all. I have had days where I have had bad luck days for weeks and then I had 1 excellent day, where I made huge profits.  

Unfortunately with this site, you will win a little less, because they have a slightly higher house edge that most other gambling sites. I still enjoy playing here, because I generate passive income at 4%+ on my deposit balance and that funds some of my gambling needs. In other gambling sites, I get ZERO interest on my balance.  

I know, but the day before i was doing so good, I had even thought of putting in some serious money.
Thank god i didn'tm it was only $5 investment, and in the end $20 lost

This is actually how most people end up going bust in dice or any type of gambling really. When someone is new to dice they usually don't risk it big, they usually bet pennies and some have more winners than losers and some do not. The false confidence of the winners is what gets most people. Same with people who go to a casino or play the lotto for the first time. They bet a little, win and it's what gets them hooked.

I remember years ago at school there was an addiction seminar and talked about drugs, smoking, gambling ,etc. And they said what creates most gambling addicts is people who won at the beginning. The ones that lost usually just give up and move on to something else.

[1715049968]

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[1715049968]

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[ChuckBuck]

Every gambling website has a mathematical advantage against users. So, it's not possible to always win even if your purpose is to win only 1% per day.

Not really, I've done it, I know I've been successful there. I even know some people who are only betting to make money, and they have greater profit rates than losses. Basically, the casino's algorithm is fair, it doesn't work the way you think

Do you mean you can earn 4% profit every day?
That's not possible to always win.

It is not 4% profit per day, it is 4% of the deposit amount, it is also fixed, because the minimum and maximum deposit you should send for betting will be limited, therefore, 4% is not much

[Betwrong]

Its below5K now, so you can get the 2sats / point now  
~

I missed it, but, you know, I'm kind of glad it's gone. I'd prefer the exchange rate was 1 sat/2 points, tbh.

Btw, was it ever like that, I mean, when BTC was $15k+ ?

do you actually sell those rewards? i always end up using them to get bonuses such as the Free BTC one or the extra lottery ticket one to boost up my earning and chances of winning, not that i have won anything so far.
~

Well, let's do some simple math, I guess.

By redeeming 3,200 RP you can get 1000% increase on your minimum free FREE BTC reward for the next 24 hours.



Right now, for example, it would mean that I'd have, roughly, 370 additional sats to my minimum reward each time I claimed the faucet. I don't know about others, but, in reality, I never manage to claim more than 10 times per day, so, I'd earn 3,700 sats max. But if I could encash my RPs for the price 2 sats each, I'd get 6,400 sats for 3,200 RP, right?

BUT, when making that post I forgot about one important thing. According to the site rules: "Minimum 100,000 RP have to be exchanged at one time". Since the number of my RPs is never even close to 100k, I, just like you, use them to get Free BTC bonuses, mostly.

[redsun114]

Everyone probably forgets one good thing about freebitcoin during these times. We can literally make money from home with this, I know it is peanuts for first world country people but there are tons of other ways to make money as well that could increase it and not just faucet. When you do simply just faucet and not even spend any money (which you should, when you deposit you can get interest from them) you still get lottery and reward points as well, that is really big because lottery could mean thousands and reward points could be used for further income.

Basically, when  you cross check corona and crypto, this place offers the most guaranteed amount of money, maybe some other places could offer you a lot more, but we don't know if they are scam or true, this place does offer you the highest guaranteed one.

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[SquallLeonhart]

I don't think we should see any gambling platform as a chance to make money. I think I've been at this site for a really long time and invested a lot of time and bitcoin into it. I won't need to say if I made money or not, the point is, I came here to enjoy myself and despite having some bad stuff happen to my account and balance, I've gotten over it.

Now referring people to make money is something else;)

When there is someone who tells you it is possible to make money on something that is mathematically impossible to make money, you know it is either a great scam or it is just lucky for some people. Right now we have provably fair, that means that casino is not stealing from you, it also means that they are true to their word and make 1% profit as well. What does that tell you? Gamblers has to lose so others can win. Here the house edge is even bigger, it is 5%.

Yes, you can make a profit in the shorter term, it is actually possible to wager 1000 dollars on 2x and win another 1000 and stop and be in profit, that is true. However the longer you play, the bigger chance of losing because eventually that house edge will eat up all your profits and make you lose money.

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[FinneysTrueVision]

I don't think we should see any gambling platform as a chance to make money. I think I've been at this site for a really long time and invested a lot of time and bitcoin into it. I won't need to say if I made money or not, the point is, I came here to enjoy myself and despite having some bad stuff happen to my account and balance, I've gotten over it.

Now referring people to make money is something else;)

When there is someone who tells you it is possible to make money on something that is mathematically impossible to make money, you know it is either a great scam or it is just lucky for some people. Right now we have provably fair, that means that casino is not stealing from you, it also means that they are true to their word and make 1% profit as well. What does that tell you? Gamblers has to lose so others can win. Here the house edge is even bigger, it is 5%.

Yes, you can make a profit in the shorter term, it is actually possible to wager 1000 dollars on 2x and win another 1000 and stop and be in profit, that is true. However the longer you play, the bigger chance of losing because eventually that house edge will eat up all your profits and make you lose money.

This is only true if you play with the default settings. An experienced gambler with a good strategy is certainly capable of making a profit.

[hosseinimr93]

-snip-

This is only true if you play with the default settings. An experienced gambler with a good strategy is certainly capable of making a profit.

No, what SquallLeonhart said is always true. No gambler can change the mathematics governing a dice game.
The house edge guarantees that the gambler will lose in long term. There's a simple mathematics. In a game with odds of 2, the chance of winning is always lower than chance of winning. In a game with 50% win chance, the odds are always lower than 2. More you play, closer you get to statistical distribution of outcomes and you will certainly lose.
Note that all bets are independent from each other. So, no strategy works. However you change the odds or chance win, the site has advantage against you.

PS:
I'm not saying the game is not fair. Freebitco dice game is provably fair.
The house edge is needed for every gambling site to survive.
The house edge in freebitco is 5%. But a big part of that goes to faucets, reward points, weekly lotteries, daily jackpot, monthly contest. There is also a Lamborghini lottery. So, the percentage of wagering volume goes to house is way lower than 5%.

[vella85]

I'm having the worst of luck with the hi-lo game today.
Yesterday i felt invincible, made $20 in about 1 hour.
Today i can't even break even. The system hates me

That is just how provably fair gambling sites should work.    If it was a simple as having a good day, every day.. these sites would not have existed. In the back of your mind, you might think the system is rigged and it takes back what it gives, but that is not true at all. I have had days where I have had bad luck days for weeks and then I had 1 excellent day, where I made huge profits.  

Unfortunately with this site, you will win a little less, because they have a slightly higher house edge that most other gambling sites. I still enjoy playing here, because I generate passive income at 4%+ on my deposit balance and that funds some of my gambling needs. In other gambling sites, I get ZERO interest on my balance.  

I know, but the day before i was doing so good, I had even thought of putting in some serious money.
Thank god i didn'tm it was only $5 investment, and in the end $20 lost

I've had good days and bad days but on the bad days it does feel like it is rigged however I know that it isn't because there is no guaranteed way to win at gambling sites like this one. All the videos we see on YT are just there for referrals and trick people into thinking they can always win which isn't the case because if it was we would all be rich. I just bet on sports when a sports comes up that I like and try and win that way so I just leave btc in there ready for a sport to pop up that I like and place my bets and in the mean time my btc sitting in here is earning the 4% interest and growing my stack.

[merc1969]

YOU were not doing good. It was just that probability was in favor of you. You have no role to play in this other than clicking the 'BET' button. This is the dangerous thought that gets everyone ( including me ) into thinking that I have some role in influencing the outcome in the long run.

I know, but the day before i was doing so good, I had even thought of putting in some serious money.
Thank god i didn'tm it was only $5 investment, and in the end $20 lost

[FinneysTrueVision]

-snip-

This is only true if you play with the default settings. An experienced gambler with a good strategy is certainly capable of making a profit.

No, what SquallLeonhart said is always true. No gambler can change the mathematics governing a dice game.
The house edge guarantees that the gambler will lose in long term. There's a simple mathematics. In a game with odds of 2, the chance of winning is always lower than chance of winning. In a game with 50% win chance, the odds are always lower than 2. More you play, closer you get to statistical distribution of outcomes and you will certainly lose.
Note that all bets are independent from each other. So, no strategy works. However you change the odds or chance win, the site has advantage against you.

PS:
I'm not saying the game is not fair. Freebitco dice game is provably fair.
The house edge is needed for every gambling site to survive.
The house edge in freebitco is 5%. But a big part of that goes to faucets, reward points, weekly lotteries, daily jackpot, monthly contest. There is also a Lamborghini lottery. So, the percentage of wagering volume goes to house is way lower than 5%.

If you have a large enough balance and a good strategy you can go a very long time without going bust. The house edge tells you how likely you are to lose but if your balance is large enough you can make up for those losses before you run out of money.

[USBitcoinServices.Com]

Wondering why there are times when we earn more rewards, now it is slow even when I still have the same referrer holding a good amount of balance.

[merc1969]

No , You cant . Again - its a probability game .
Martingale system is your best bet and what you are talking about . If you read up a little about the simulations around martingale, you will find how it gives  you a sense of winning - while you are actually just going to make a huge loss.

If you have a large enough balance and a good strategy you can go a very long time without going bust. The house edge tells you how likely you are to lose but if your balance is large enough you can make up for those losses before you run out of money.

[merc1969]

The rewards are a direct function of the current BTC to USD rate . As teh BTC rate agains USD increases , your reward goes down.

Wondering why there are times when we earn more rewards, now it is slow even when I still have the same referrer holding a good amount of balance.

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With odds of 11.18 and 11.90, $6,001 - $6,500 and $6,501 - $7,000 respectively are great options to put your bets on.

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[merc1969]

With an average fluctuation / day of $1240 per BTC , ( 1240 = volatility for the last 10 days ). It will be a rather risky affair to predict the value 10 days ahead . Given the betting range between each odds $500. ( eg: 6000 - 6501  ).
Simple rule - if the average volatility is less than your betting range ( $500 ) , its worth considering to take a shot at betting. Currently NO.

After a drop to the low $5,000s last week, BTC has surged above $6,000 again.

With odds of 11.18 and 11.90, $6,001 - $6,500 and $6,501 - $7,000 respectively are great options to put your bets on.

Where will the Bitcoin Price end up at 23:59 UTC on March 31st? Only 3 days to go! Get your bets in and win a share of the 1.40 BTC prize pool!

[slaman29]

No , You cant . Again - its a probability game .
Martingale system is your best bet and what you are talking about . If you read up a little about the simulations around martingale, you will find how it gives  you a sense of winning - while you are actually just going to make a huge loss.

If you have a large enough balance and a good strategy you can go a very long time without going bust. The house edge tells you how likely you are to lose but if your balance is large enough you can make up for those losses before you run out of money.

It's a funny world when you have people claiming to be Satoshi and making a forkcoin of his true vision going off the rails.

And then you've got people using Finney in their nick not understanding how casinos work. You can never have a large enough balance if the casino has a max bet and max win limit. You can get away with 10 million rolls or even 100 million but in my lifetime I have bet billions of rolls. They all end up losing eventually. It's about having fun and not putting money that would get you in trouble if lost.

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