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

[nycaltpac]

1 in 1 billion for the rolex, wow.

There is a better chance I find 10 rolexes on the street until the end of the year.   

Yes, the odds of winning the rolex is close to zero and it's worse odds than on a typical mega millions jackpot.

If dreams of winning a rolex is why somebody spins, then they should probably find another dream.

I know the odds for all of the prizes before I enter into anything, and I'm happy to win thousands of RP or BTC for example. I don't actually believe that I would ever win an iPhone or Rolex and that's ok.

[1714000416]

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[broke_tradah]

I don't actually believe that I would ever win an iPhone or Rolex and that's ok.

Well,  as the saying goes,  theres a sucker born every minute  The India scammers running refund scams can attest to that one lol.

[tippytoes]

1 in 1 billion for the rolex, wow.

There is a better chance I find 10 rolexes on the street until the end of the year.  

Yes, the odds of winning the rolex is close to zero and it's worse odds than on a typical mega millions jackpot.

If dreams of winning a rolex is why somebody spins, then they should probably find another dream.

I know the odds for all of the prizes before I enter into anything, and I'm happy to win thousands of RP or BTC for example. I don't actually believe that I would ever win an iPhone or Rolex and that's ok.

Take note that this WOF is somewhat free to get so don't expect too much from it. Just enjoy spinning and be grateful for what you can get. Never read here that someone already got 1 rolex or the high-price rewards. Only like 5k sats or 5k RPs. Take it as a good incentive from the gambling site you are playing with. I think, this feature is also one of the things that keep the interest of players here. So nice job from freebitco.

[FinneysTrueVision]

After seeing this i decided to do a little research as to why the rewards from wof spins have mainly been base rewards.

So i did a little digging up and i stumbled across this on the fun token telegram
https://i.imgur.com/xS6uv81.jpg

now i cant verify with 100% certainty the validity of this but based on the above picture the wof would award the base reward 99% of the time.

As such i looked at the recent results of other users and i saw this as well

https://i.imgur.com/HcNxgIn.jpg        https://i.imgur.com/vn0IVBg.jpg



As can be seen above, for the most part the rolls will give the base reward of around 30 rp/sats/lt with respect to bitcoins price

From the buisness standpoint i understand the reason why the owners would do this, but from the users standpoint we are spending reward points and holding fun tokens for a completely different product than what was marketed originally as can be seen below..

https://i.ibb.co/RYgSRBM/freebtc-prize-table.png



imagine the time, effort and risk it takes to gamble and obtain reward points only to spend it on a  bonus where u could lose up to 70% of the rp spent because you are not aware that the rules of the game have changed.
Personally, i believe increasing the cost of the wof bonus would be better than changing the game and reducing the winnings to such extent. after all now we are willing to pay for this bonus either via premium membership or reward points and time.

I am not posting this to throw shades at the devs, i simply would like a clarification as to whether there is some level of truth in this or if it is just mere banter

It does indeed appear like they have pulled a bait and switch. Here is the new prize chart:



With the new odds it becomes virtually impossible to break even unless you actually end up winning the lottery or a lambo with your tickets. If you somehow manage to make 24 claims in a day to get 120 spins you will only be expected to earn a combined 3342 RP & sats while the cost to activate the bonus is 3600 RP.

With these adjustments it also makes it much less appealing to become a premium member. With FUN token hitting new lows against BTC since it was introduced to the site and the WOF prizes constantly decreasing, the vast majority of long term investors might end up losing more BTC than they earn.

[babygun]

It does indeed appear like they have pulled a bait and switch. Here is the new prize chart:



With the new odds it becomes virtually impossible to break even unless you actually end up winning the lottery or a lambo with your tickets. If you somehow manage to make 24 claims in a day to get 120 spins you will only be expected to earn a combined 3342 RP & sats while the cost to activate the bonus is 3600 RP.

With these adjustments it also makes it much less appealing to become a premium member. With FUN token hitting new lows against BTC since it was introduced to the site and the WOF prizes constantly decreasing, the vast majority of long term investors might end up losing more BTC than they earn.

Hmm, so it seems that the chances you can win a nice amount of satoshis or rewards has dropped with a factor 10, which is quite a lot. You are right that it is not interesting to buy the bonus (extra WOF spins per extra free roll) with your RP as the maximum a normal person will be able to claim is 12-14 times.

[TheQuin]

It does indeed appear like they have pulled a bait and switch. Here is the new prize chart:

When we first introduced WoF we left the payouts at 50/500/5000 for a long time while BTCUSD was increasing before we linked the rewards to price. The effect of these changes actually brings the expected value of WoF spins exactly back to where it started.

With the new odds it becomes virtually impossible to break even unless you actually end up winning the lottery or a lambo with your tickets. If you somehow manage to make 24 claims in a day to get 120 spins you will only be expected to earn a combined 3342 RP & sats while the cost to activate the bonus is 3600 RP.

The breakeven point on the reward Points we gave you for free is 0.

With these adjustments it also makes it much less appealing to become a premium member. With FUN token hitting new lows against BTC since it was introduced to the site and the WOF prizes constantly decreasing, the vast majority of long term investors might end up losing more BTC than they earn.

We do have one overriding rule that we have no choice but to obey. The amount we give away in free rolls, lottery tickets, reward points and WoF spins can't exceed the income from gambling. When it starts to consistently do that we have to make adjustments. Would you prefer we just left payouts where they are until we go bankrupt and all our customers lose everything?

[UserU]

Exactly. If each casino site were to be extremely generous or improve the winning chances of all players, they'd be unable to pay what's due or worse, go bankrupt sooner than you think.

Also remember that are over half of the userbase that just claim the free Sats and not actively gamble.

[Generalzod580]

We do have one overriding rule that we have no choice but to obey. The amount we give away in free rolls, lottery tickets, reward points and WoF spins can't exceed the income from gambling. When it starts to consistently do that we have to make adjustments. Would you prefer we just left payouts where they are until we go bankrupt and all our customers lose everything?

We wouldn't want you guys to lose money, but remember the wof spins is one of the major reason why a lot of us became premium members. If you change the rules of the game without any prior announcement then we are hodling for a different product entirely.

You set the initial wof table and tagged it "provably fair" but how is it fair when u reduce the odds of us winning anything close to about 99%, without us knowing that the calculation we are verifying has changed.

There are better ways to be more cost effective.
1. Increase the cost of the bonuses
2. Inform the premium members via email about the situation then make changes.
3. Changes should involve reducing the winnings but not virtually removing them
4. Add a gambling incentive to the rp bonuses like higher cashback to entice users to gamble more.

I say this because as it stands now the new rp bonuses only lead users to free rolls not betting or multiply btc. I don't know if u get what I'm saying.

[broke_tradah]

Why would a dishonest outfit inform it's users of it's own dishonest behavior?  I dont see the logic there.

[LUCKMCFLY]

I pretend to continue holding FUN tokens and lock them for another 365 days time period if Freebitco.in keeps the currently benefits bonus program for holders. I'm not too worried about FUN's price because what has been worthing so far are the advantages we have inside the site by holding these coins and not their value specifically. Since it remains like this it will be fine.

At least in my case the strategy they used to incentivize people to hold instead of selling worked. Now let's see if another investors will have the same mindset.

Most of mine are also locked for 365 days as I want to keep the premium benefits but with the rest I try to trade more often. Price is going downwards but hopefully with some new features/competition, we can see another price jump.

I had considered that option, but it is good that there are already several people who tell me that blocking the tokens for 365 days turns out to be a good business, of course I have my mentality more focused on what trading is, and not much towards investment, and I see this as an investment plan that maintains many benefits on the platform and this is something that generates comfort and at the end of it all ends up being profit.

[freebitco.in PR]

Collect as many tickets as you can by wagering and free spins to increase your chance of winning up to $7,500 in BTC on the coming Sunday.

Congratulations to the 10 Lucky Winners of Lottery Round 333.

[swogerino]

After many good days for me yesterday was the first dark one,I am not mad or sad at all as I know in gambling anything is possible.Just like I shared that within 64-84 spins daily I always used to get at least one 3200 RP (3150 now) I did spin for 99 times yesterday night and all the 99 spins were one of the small three prizes,either 31 Satoshis,31 RP or 31 Lottery tickets.Nevertheless I continue with my experiment and exchange daily my 3600 RP for 24 hour WoF bonus.I know better days will be ahead.

[TheQuin]

We wouldn't want you guys to lose money, but remember the wof spins is one of the major reason why a lot of us became premium members. If you change the rules of the game without any prior announcement then we are hodling for a different product entirely.

You set the initial wof table and tagged it "provably fair" but how is it fair when u reduce the odds of us winning anything close to about 99%, without us knowing that the calculation we are verifying has changed.

Provably fair means you can verify the results of your spins. We never said that free payouts are of a fixed value. As I have already pointed out we actually have been paying out far higher than the original costs of WoF spins for many months and this adjustment only brings them back to where they started.

There are better ways to be more cost effective.
1. Increase the cost of the bonuses

That only deals with part of the issue. All WoF spins have been heavily overpaying for many months, not just the new RP Bonus WoF spins.

2. Inform the premium members via email about the situation then make changes.

Point taken and I'll pass that feedback on to wetsuit.

3. Changes should involve reducing the winnings but not virtually removing them

That was the other option wetsuit and I discussed but we decided that a severe reduction in the value of all the prizes would be more unpopular than just making the bigger prizes harder to win. That's just an opinion that we formed, some will agree and some will not.

4. Add a gambling incentive to the rp bonuses like higher cashback to entice users to gamble more.

I say this because as it stands now the new rp bonuses only lead users to free rolls not betting or multiply btc. I don't know if u get what I'm saying.

I don't really get what you are saying. We give a kickback of 1 RP for every 500 Sats you wager. The ability to encash 100,000 RP for Bitcoin was always intended to be for gamblers and people who introduce a large number of referrals. The other RP bonuses are intended as a way that everyone else can convert their RP into Bitcoin.

[francomat]

RIP freebitco.in  2013-2021

[Generalzod580]

We wouldn't want you guys to lose money, but remember the wof spins is one of the major reason why a lot of us became premium members. If you change the rules of the game without any prior announcement then we are hodling for a different product entirely.

You set the initial wof table and tagged it "provably fair" but how is it fair when u reduce the odds of us winning anything close to about 99%, without us knowing that the calculation we are verifying has changed.

Provably fair means you can verify the results of your spins. We never said that free payouts are of a fixed value. As I have already pointed out we actually have been paying out far higher than the original costs of WoF spins for many months and this adjustment only brings them back to where they started.

There are better ways to be more cost effective.
1. Increase the cost of the bonuses

That only deals with part of the issue. All WoF spins have been heavily overpaying for many months, not just the new RP Bonus WoF spins.

2. Inform the premium members via email about the situation then make changes.

Point taken and I'll pass that feedback on to wetsuit.

3. Changes should involve reducing the winnings but not virtually removing them

That was the other option wetsuit and I discussed but we decided that a severe reduction in the value of all the prizes would be more unpopular than just making the bigger prizes harder to win. That's just an opinion that we formed, some will agree and some will not.

4. Add a gambling incentive to the rp bonuses like higher cashback to entice users to gamble more.

I say this because as it stands now the new rp bonuses only lead users to free rolls not betting or multiply btc. I don't know if u get what I'm saying.

I don't really get what you are saying. We give a kickback of 1 RP for every 500 Sats you wager. The ability to encash 100,000 RP for Bitcoin was always intended to be for gamblers and people who introduce a large number of referrals. The other RP bonuses are intended as a way that everyone else can convert their RP into Bitcoin.

Thanks so much for this heartfelt feedback the Quinn I understand much better now.

What I meant by the last point was maybe something like
an rp bonus that is available for a day that is specifically to make people gamble more take for instance an rp bonus that awards 1 rp for gambling 200 sats instead and it costs 1400 to to activate for a day.

[nycaltpac]

After many good days for me yesterday was the first dark one,I am not mad or sad at all as I know in gambling anything is possible.Just like I shared that within 64-84 spins daily I always used to get at least one 3200 RP (3150 now) I did spin for 99 times yesterday night and all the 99 spins were one of the small three prizes,either 31 Satoshis,31 RP or 31 Lottery tickets.Nevertheless I continue with my experiment and exchange daily my 3600 RP for 24 hour WoF bonus.I know better days will be ahead.

That's because the change had just happened I think. You will no longer win what you may have won before on average.

I noticed it today also, when I did a little more than a 100 spins and every single prize was one of the lowest prizes.

[Strongkored]

After many good days for me yesterday was the first dark one,I am not mad or sad at all as I know in gambling anything is possible.Just like I shared that within 64-84 spins daily I always used to get at least one 3200 RP (3150 now) I did spin for 99 times yesterday night and all the 99 spins were one of the small three prizes,either 31 Satoshis,31 RP or 31 Lottery tickets.Nevertheless I continue with my experiment and exchange daily my 3600 RP for 24 hour WoF bonus.I know better days will be ahead.

Just like you, and I think this is a natural thing because a business would expect returns to cover all their business expenses and to keep them a live, I decided to stop to activate the RP Bonus, because according to my calculations will only get good returns if able to spin more than 20x that means it will reduce our sleep time so it really doesn't make sense.
Currently, I Just do dice and betting in sport event.

[ratas]

I think ,nothing like "the old school"

100k rewards = btc in pocket .

[Kakmakr]

RIP freebitco.in  2013-2021

Why will Freebitco.in go "RIP" over a simple adjustment in the probability that you will win a specific prize? Casinos make adjustments like this all the time. Let's take Stake.com as an example... they had VIP hosts for all Platinum I players and higher ...but the amount of people that reached Platinum I increased so fast.. that they decided to stop offering VIP hosts to Platinum I players... and only for Platinum II players and higher. (I think they changed it again ...now it is Platinum III and higher)

Casinos have to constantly balance the expenses to be less than their income... other wise they have to close their doors. (They are doing this to make a profit... not to function as a charity) 

[TheQuin]

Just like you, and I think this is a natural thing because a business would expect returns to cover all their business expenses and to keep them a live, I decided to stop to activate the RP Bonus, because according to my calculations will only get good returns if able to spin more than 20x that means it will reduce our sleep time so it really doesn't make sense.
Currently, I Just do dice and betting in sport event.

That kind of agrees with what I said above. If you play dice and bet on events you'll probably get to encash 100,000 RP. The RP bonuses are meant for people who would take a very long time to get there.

RIP freebitco.in  2013-2021

Why will Freebitco.in go "RIP" over a simple adjustment in the probability that you will win a specific prize? Casinos make adjustments like this all the time. Let's take Stake.com as an example... they had VIP hosts for all Platinum I players and higher ...but the amount of people that reached Platinum I increased so fast.. that they decided to stop offering VIP hosts to Platinum I players... and only for Platinum II players and higher. (I think they changed it again ...now it is Platinum III and higher)

Casinos have to constantly balance the expenses to be less than their income... other wise they have to close their doors. (They are doing this to make a profit... not to function as a charity) 

It gave me a bit of a chuckle to see they inadvertently pointed out that we're coming up to our 8th anniversary. We wouldn't have survived this long if we didn't make the tough decisions required to balance what we give for against the income that pays for it.