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

[icopress]

Spoken about Martingale, I found a website that wrote in their terms they would confiscate your funds and close your funds if you use systems like Martingale.

Using the Martingale system is not prohibited, (the bookmaker can only limit the maximum one-time win or bet) it is everyone's right, and I suspect the site you are talking about is full of shit even without this silly restriction. In addition, as far as I know, the use of the Martingale system in the long term is too unprofitable.

[DarkStar_]

[...]

Well, first of all, I hear this saying for the first time .. (probably because I have not read the biography of Mark Twain, which contains this expression).
Secondly, I believe that I did not take into account one of the important variables, given that in addition to the 47% chance there is also the value "HI" "Lo" and the fact that I did not use an auto rate. I have no other explanation, because with the usual 47% chance there cannot be 10-15 losses in a row.

This is a super useful calculator for finding the odds of loss streaks. If you make 2000 bets, the chance of 10 losses in a row (with a 52.5% chance of losing) occurring at some point in your bets is 78%!

[babygun]

Not too bad! A lot of RP and some extra satoshi are always welcome! How far are you from the 100,000 RP points?

FUN token price stays to be volatile, we saw another nice price jump 1-2 days ago but now it is again going down.

I'm barely past half of the threshold, so it's still a loooooooong way to go. How about you?

For them tokens, I'm looking to re-enter after selling them for some profit. But yup, it's crazy they almost reached 5 cents that time.

Also still a long way to go; I am at 42 %  . Bought some tokens when they were 60 satoshi and sold these with a profit of 3000 satoshis  .
Not a major profit offcourse, but happy with it.

Anybody already placed some bets on BTC/ETH price for May?

[goshko_hubaveca]

Query: Can I withdraw my funds in Freebitco.in to a native Segwit Address using Slow Withdraw option?

PS: I'm not the lucky winner who won the lottery I'm just another user

Yes, you can. Bech32 addresses can be entered on the withdraw page but you can't set the default withdrawal address on the profile page. Adding that requires a major database reorganisation that would require a lot of downtime.

If that winner didn't respond or claim the prize, can it be split among us here?

I don't think so,
The prize must be there whenever the user log into his account

Yeah.  

i dont know if i am doing this right . is this a native segwit adress bc1qp59sht2cej4eeczm6mvsvnqc2ck89nfjs6jqrf  ?can i use this safely in the withrow tab? otherwise i will use the segwit one. i know i have done transactions on that one. i am only asking couse supposedly transactions are cheaper on the native segwit

[jaberwock]

Is it just me or the bets are just 3?
Personally I would love to have F1 as quickly as possible

Not just you.

Looking forward to more F1 betting too.

I wonder if it would be too much to open a "Request a next bet" type of thing where we can enter our vote in a poll, and if the poll counts the most popular vote, that becomes the next bet? Maybe something done every 24 hours automatically, would that be too hard to do in a script?

I mean it could be any reason, maybe they decided that they do not want to deal with the outside stuff anymore, they just keep it at btc/eth/fun from now on and stuff that are similar to that instead of keep dealing with the sports part of it. However they may not be doing that neither, maybe I am overreacting, after all they might be just a bit of late to add them and that’s all.

However last night had Manchester city and PSG game which is a HUGE game if you ask me and it wasn't there, that didn't really make sense to me. What are you going to list as a bettable thing if not for champions league semi finals? We know they added a lot less important games before, so this should have been there as well. I gambled it somewhere else so it is not a problem for me but I just wanted to know if the plans for sports betting will continue or not?

[FinneysTrueVision]

i dont know if i am doing this right . is this a native segwit adress bc1qp59sht2cej4eeczm6mvsvnqc2ck89nfjs6jqrf  ?can i use this safely in the withrow tab? otherwise i will use the segwit one. i know i have done transactions on that one. i am only asking couse supposedly transactions are cheaper on the native segwit

Yes, it's a native sewgit address. You can use it for slow and instant withdrawals.

Also still a long way to go; I am at 42 %  . Bought some tokens when they were 60 satoshi and sold these with a profit of 3000 satoshis  .
Not a major profit offcourse, but happy with it.

If I sold all my tokens today I would make a profit of 61k sats. It would be a nice ROI but I still want to hold them to see if the premium benefits are worth it. I'm getting close to being able to exchange my reward points so it would be better for me to hold FUN and get more RP's from the WOF.

[STT]

Decided to try my luck with the free spins, not too shabby although I'd rather have BTC in place of RP

Off of the newsletter 1x wheel spin entry just before I got the 3700 SAT prize which is pretty amazing by the standards of my luck in life generally :p      I just need to find myself a good ten to one odds bet I can put it on and win and Iam really on my way.

Martingale has no merit to it, the appeal is the simplicity but no advantage is gained so its unfortunate fallacy sadly.   I first heard that one drinking in a casino bar twenty years ago and it did seem worth a go but thats it, its like an urban myth a good story to tell is the best thing about it.

Doge is into the 70's cent per Doge.  It was 1 satoshi price long time ago

[TheQuin]

You've explained it well, I only disagree with your last sentence. I think the chance of winning is absolutely the same either with martingale or betting with 1.1x multiplier. With this particular multiplier you have 10%+ chances of losing your whole balance right away, with the very first bet, even on a site with the smallest house edge.

You are right. I calculated the chance of winning in both cases.
Let's say I have 1 BTC and I want to convert it to 1.1 BTC.

If I put the whole 1 BTC is a single bet with multiplier of 1.1, my chance of winning would be 86.36%.

If I use martingale method and set the base bet to 0.001 mBTC, the chance of converting the 1 BTC to 1.1 BTC would be:

(1 - 0.525¹⁰)¹⁰⁰ = 0.852 = 85.3%

That's why Martingale is sometimes known as "the extra house edge".

What Martingale is really meant for is allowing you to bet on outcomes that are less than the minimum bet odds. Your example shows a 1.1x and you could reduce that to 1.01x. But if you wanted to reduce it to 1.001x then Martingale is the only way you can do it. 

[freebitco.in PR]

Is it just me or the bets are just 3?
Personally I would love to have F1 as quickly as possible

Not just you.

Looking forward to more F1 betting too.

We've added the Spanish Grand Prix bet. It ends in 2 days just before qualifying on Saturday. More F1 and Football bets incoming.

[Xaos_88]

1oXb1xnDtAFFmgNEWvzD7KxYZMKdXDXkG
 

[StelioKontos]

Let's say I have 1 BTC and I want to convert it to 1.1 BTC.

Reading the verb convert used in the context of betting makes my eyes bleed  

[freebitco.in PR]

Formula 1 Betting - Can Hamilton Win His 6th Spanish GP?

Hamilton took an 8-point lead over Verstappen in the Drivers' Championship with a win in Portugal last weekend.

With tight battles between the pair making every race exciting, it's a toss up between Hamilton and Verstappen this weekend. Hamilton has won the Spanish Grand Prix 5 times while Verstappen took it once in 2016. Can Max put pressure on the top spot again?

Meanwhile, their teammates Bottas and Perez come in with incredible odds and could be the wild cards.

Notable Odds: 2.13 on Lewis Hamilton, 2.45 on Max Verstappen, 13.39 on Valtteri Bottas, 22.12 on Sergio Perez

Predict the outcome of the Spanish Grand Prix at FreeBitco.in and win BTC. Betting expires before qualification on 8th May.

[BrewMaster]

Martingale has no merit to it, the appeal is the simplicity but no advantage is gained so its unfortunate fallacy sadly.   I first heard that one drinking in a casino bar twenty years ago and it did seem worth a go but thats it, its like an urban myth a good story to tell is the best thing about it.

the merit to Martingale strategy is that it is guaranteeing profit but there is a condition that cannot be fulfilled which is to have a an endless pocket so that when you go on a very long losing streak you can increase the bet amount until you end up winning all you've lost plus make some profit.

the problem is that not only you can't have an endless pocket most people using Martingale strategy do it with small amount of money or start the bet relatively close to their max balance because of the profit they wish to make on each bet.

[LUCKMCFLY]

Martingale has no merit to it, the appeal is the simplicity but no advantage is gained so its unfortunate fallacy sadly.   I first heard that one drinking in a casino bar twenty years ago and it did seem worth a go but thats it, its like an urban myth a good story to tell is the best thing about it.

the merit to Martingale strategy is that it is guaranteeing profit but there is a condition that cannot be fulfilled which is to have a an endless pocket so that when you go on a very long losing streak you can increase the bet amount until you end up winning all you've lost plus make some profit.

the problem is that not only you can't have an endless pocket most people using Martingale strategy do it with small amount of money or start the bet relatively close to their max balance because of the profit they wish to make on each bet.

You are absolutely right, in fact I have applied the martingale technique many times, and although my balance is not infinite as I always wanted, sometimes I have made profits and others mostly losses.

But the bad thing about making very small bets is that you quickly reach a large balance to recover little, and although in a bet by pure nature one tends to go to martingale, it is difficult when you risk a considerable balance because you simply want to recover that, it is As an instinct, at that moment adrenaline comes into play instead of reason, reason has a very small voice in the face of the emotions that the game triggers.

[Mahdirakib]

the merit to Martingale strategy is that it is guaranteeing profit but there is a condition that cannot be fulfilled which is to have a an endless pocket so that when you go on a very long losing streak you can increase the bet amount until you end up winning all you've lost plus make some profit.

the problem is that not only you can't have an endless pocket most people using Martingale strategy do it with small amount of money or start the bet relatively close to their max balance because of the profit they wish to make on each bet.

Even the endless pocket/bankroll can't guarantee profit to anyone. Because every casino have max bet or max profit limit. So, at one point you won't be able to increase your bet amount inorder overcome your previous losses. Finally you have to accept your losses at that point. Casino always stay ahead. The profit is guaranteed for the casino not for the gambler.

Maximum profit limit is 20 BTC at freebitco. If anyone starts with 1 satoshi base bet at 2× payout and use 100% increase on each loss then he/she can face upto 31 losing streak at freebitco. Cause, after 31 loss the bet amount would be 21.47483648 BTC. At 2× payout it will overtake maximum profit limit there. As a result the user won't be able to place more bigger bets.

[SquallLeonhart]

What Martingale is really meant for is allowing you to bet on outcomes that are less than the minimum bet odds. Your example shows a 1.1x and you could reduce that to 1.01x. But if you wanted to reduce it to 1.001x then Martingale is the only way you can do it. 

Plus on top of that martingale creates this fallacy amongst many newbie gamblers that "how is it possible to lose 20 times in a row! I will definitely win!" and they make strategies based around that "fact" and when they end up losing, they feel like you scammed them.

I have seen plenty of people in this 830+ pages when people did martingale, lost many many times in a row and then came here and blame you for having a "rigged" setup as well. Why? Because they believe they "can't" lose 10+ times in a row in martingale with 50% win chance or 2x win whatever, because in their idea that odd is now lower because they lost that many times, the chances of losing 15 times in a row is same as 1, on that 15th one it is still 50% and yet they do not see that. Which gives house a psychological advantage as well, it makes them lose a lot more frequently because of that, and makes you win a lot more because they do not realize this.

[uneng]

What Martingale is really meant for is allowing you to bet on outcomes that are less than the minimum bet odds. Your example shows a 1.1x and you could reduce that to 1.01x. But if you wanted to reduce it to 1.001x then Martingale is the only way you can do it.  

Plus on top of that martingale creates this fallacy amongst many newbie gamblers that "how is it possible to lose 20 times in a row! I will definitely win!" and they make strategies based around that "fact" and when they end up losing, they feel like you scammed them.

I have seen plenty of people in this 830+ pages when people did martingale, lost many many times in a row and then came here and blame you for having a "rigged" setup as well. Why? Because they believe they "can't" lose 10+ times in a row in martingale with 50% win chance or 2x win whatever, because in their idea that odd is now lower because they lost that many times, the chances of losing 15 times in a row is same as 1, on that 15th one it is still 50% and yet they do not see that. Which gives house a psychological advantage as well, it makes them lose a lot more frequently because of that, and makes you win a lot more because they do not realize this.

The many consecutive losses may look unrealistic at first impression, but it becomes quite often because gamblers need hundreds or thousands of bets to make some decent profit with a low base bet as many faucets/free bitcoin sites' users are used to play. The less money the person has, the more greedy he becomes to double this amount through low bets, but really frequently. Then it becomes a dangerous journey and high loss streaks are hit often.

[soslex]

Looks like our favorite whale is back to multiply his golden ticket winnings:

https://imgur.com/a/izUusdi

This was a pretty tame day based on his crazy bets a few weeks ago. I wonder how long this streak will last.

[freebitco.in PR]

FUN Token Is Changing the World of iGaming. Join the Revolution.

2021 has been an amazing year for FUN Token and FreeBitco.in.

We acquired FUN and launched the Premium Membership Program powered by the token. Subsequently, FUN Token gained over 125,000 new users this year; this renewed activity even helped FUN hit a three-year high of $0.068.

And we want to go even further.

Our vision for FUN Token involves developing it into a token that would help bring decentralized gaming to the mainstream. We’ve developed a roadmap of our plans for FUN Token over the coming year, and we’d like you to take a look:


Q2 2021:

CUSTODIAL CASINO ON ETHEREUM MAINNET
We'll create a custodial casino for FUN Tokens on the Ethereum blockchain. Transactions will be limited to deposits and withdrawals to reduce the impact of high gas fees.

TOKEN BURNING PROGRAM
Announcing the details of a token burning strategy that would use the profits gained from the FUN Token-based gaming operations we launch.




Q3 2021:

INTRODUCING A NEW SUPER-FAST TOKEN
Creating a new token on an alternate blockchain that would form the foundation of a super-fast, low/zero cost gaming infrastructure. This token will include escrow, state channels, and transfer with memo.

OFFICIAL TOKEN LAUNCH
The new token will be pegged 1:1 with FUN. A new wallet will be launched to allow transparent and user-friendly swaps between FUN and the new token.

CUSTODIAL CASINO PORT
The custodial casino will be discontinued on the Ethereum mainnet and ported to the alternate blockchain for the new token. Lay Staking will be introduced.




Q4 2021:

DECENTRALIZED P2P SPORTSBOOK
Proprietary Sportsbook tech developed by BETR will be ported to the new blockchain and relaunched. This Sportsbook will include all major sports and esports.

CASHIER API, THIRD PARTY WALLET INTEGRATION
The new token platform will be opened up to third party providers that can use it as a payments mechanism or to power their own decentralized gaming projects.

DECENTRALIZED POKER
A fully decentralized poker game will be launched for users.




Q1 2022:

FULLY DECENTRALIZED CASINO GAMES
Decentralized casino games with dedicated staking pools and on-chain gameplay will be launched for users.

P2P SOCIAL GAMES
The ecosystem will be extended to include P2P multiplayer social games like Mahjong, Big Two, and more. This will help cater to regional demand all around the world.

TRADING
Options and CFD trading will be introduced for the token.

We’re revolutionizing iGaming and FUN Token is at the center of it. The days of lax security, scams, and unfair gaming protocols are behind us. Your support can make this a possibility.



Invest in a fast, transparent, and truly fair way to play and win. Invest in FUN Token.

[FinneysTrueVision]

FUN Token Is Changing the World of iGaming. Join the Revolution.

2021 has been an amazing year for FUN Token and FreeBitco.in.

We acquired FUN and launched the Premium Membership Program powered by the token. Subsequently, FUN Token gained over 125,000 new users this year; this renewed activity even helped FUN hit a three-year high of $0.068.

And we want to go even further.

Our vision for FUN Token involves developing it into a token that would help bring decentralized gaming to the mainstream. We’ve developed a roadmap of our plans for FUN Token over the coming year, and we’d like you to take a look:

~snip

This is a very interesting roadmap. Now we are seeing FUN pumping again because of this. My tokens are now worth almost a million sats.

I hope these are not just empty promises. We have seen other casinos which were supposedly decentralized but then they started implementing KYC and blocking people based on country of residence.