darewaller
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March 31, 2022, 08:50:14 PM |
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I do not understand idea of Time Weight Multiplier - the value from the moment when you place your bet is 'lost', as it is not displayed anywhere; it makes verification much more difficult. The same with odds which may change in time - you cannot verify what were the odds yesterday. Too much kung-fu!
People who do not understand the time weight multiplier may not like that idea. However, this also gives you a bonus for being early, meaning there will be profits for people who gambled before anyone else, this allows freebitco.in to have a lot more people trying to be first, obviously there will still be a lot of people who will invest at the last second, that is probably the heaviest weight when you calculate, but you need to offer some people something bigger so that it wouldn't look zero because if it does look zero then nobody would invest even in later periods. So, do not look at things just as benefits to gamblers, look at it from casinos perspective as well.
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Lucky444
Newbie
Offline
Activity: 72
Merit: 0
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April 01, 2022, 03:02:49 AM |
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I save up my spins and try to time it when btc is in a downtrend to maximize the winnings. Anyone else do that ?
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Strongkored
Legendary
Offline
Activity: 2828
Merit: 1112
Axioma Holding - Axioma Pay Crypto Card
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April 01, 2022, 04:00:45 AM |
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Today is the last day of month, so I executed my WOFs:
Results are disappointing for me. BTC price is high so base amount is 35 RP/sat, but still I expected more. I do not think lottery tickets will make any difference for me, only 1890 pure sats... I planned to buy some FUN for rewards from WOFs + gains after BTC price betting, but it will not be a bug amount.
Maybe you have to change the strategy, will only spin all WoF from premium membership when BTC down because the basic result obtained will be greater, if I am not wrong the basic result when you do this is 35 Sat, RP and Lottery, there will be a difference in results although not too significant. I still keep collecting WoF for spin at one time when the base result is higher than now above 40 satoshis.
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dwyane36
Legendary
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Activity: 2912
Merit: 2072
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April 01, 2022, 04:03:06 AM |
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Today is the last day of month, so I executed my WOFs:
Results are disappointing for me. BTC price is high so base amount is 35 RP/sat, but still I expected more. I do not think lottery tickets will make any difference for me, only 1890 pure sats... I planned to buy some FUN for rewards from WOFs + gains after BTC price betting, but it will not be a bug amount.
Yeah, you're out of luck this time. I would even say that this result might have a demotivating effect on other gamblers because 1890 sats and 2485 RP for 170 spins are too few. It seems that winning the maximum number of sats, lottery tickets, or RP per one spin of the WoF has become as rare as winning golden tickets.
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swogerino
Legendary
Offline
Activity: 3206
Merit: 1240
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April 01, 2022, 06:07:59 AM |
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I think many were disappointed in the betting price of Bitcoin as European Parliament just voted for a law to ban anonymous transactions to all Europe and exchanges are now required to even verify the out wallet where the money is going,not the smartest move to try and stop people as there is always the P2P which can be done,but overall I am sorry for the people who lost their bets just because of this.
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. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
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PawGo
Legendary
Offline
Activity: 952
Merit: 1369
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April 01, 2022, 06:30:26 AM |
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I think many were disappointed in the betting price of Bitcoin as European Parliament just voted for a law to ban anonymous transactions to all Europe and exchanges are now required to even verify the out wallet where the money is going,not the smartest move to try and stop people as there is always the P2P which can be done,but overall I am sorry for the people who lost their bets just because of this.
Why do you think anyone lost his bets? The price was going down, but the final price was above 45k, so there was not a instant change. Anyway, who decided to bet on >45k, made a good decision, odds 6.51, Wow! Just a few more hours and it would be again the "cheap" range 40-45.
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babygun
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April 01, 2022, 12:21:41 PM |
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Yeah, you're out of luck this time. I would even say that this result might have a demotivating effect on other gamblers because 1890 sats and 2485 RP for 170 spins are too few. It seems that winning the maximum number of sats, lottery tickets, or RP per one spin of the WoF has become as rare as winning golden tickets. It doesn't have that effect on me. I currently have 356 WOF spins and will wait a little bit in the hopes the BTC prize will drop a bit. It all depends on luck but since the update they made, it is a lot more rare to win some bigger than the base prizes. In the mean time, I still get my cashback and the increased interest also so I am still happy with my premium membership.
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freebitco.in PR
Copper Member
Member
Offline
Activity: 1476
Merit: 23
freebitco.in Official PR Account
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April 01, 2022, 03:20:33 PM |
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FUNToken - XFUN Wallet With FUN-XFUN Swapping Released!After the launch of Wallet v1.0 and XFUN, the FUNToken team has released an update: on the Apple App Store, you can now download the latest version of the XFUN Wallet app. This version includes the FUN/XFUN bridge and swapping capabilities! For Android, the upgraded version is available but there has been a delay with the final approval from Google. In the interim, you can access it by joining the Beta. Also, XFUN is now supported on dPlay.casino via Wallet Connect! The FUNToken team will also be rolling out support for the token at FreeBitco.in over the next quarter. There's a lot more to come in the coming weeks; hang tight and keep playing!
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RealMalatesta
Legendary
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Activity: 2338
Merit: 1124
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April 01, 2022, 03:34:00 PM |
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They have already clarified that - it is just an illusion. If you have captcha, then indeed, pressing 'spin' button causes roll. But if your session is established, you are logged in and you execute premium WOFs, spinning wheel is just an animation to present the result - the roll was executed long time before. So at the end I prefer to have instant result in the table, I do not need to look at spinning wheel, as the backside is exactly the same.
This has been established that’s true. They are putting the animation to make it look like it's a fun thing, but the reality is that they could have done that with just a "this is your reward" text and it would have been the same thing. However, half of casinos are made out of "fun" material, if you are not having fun then you will not enjoy it at all. This means that you need to focus on making sure that the people in your casinos are having fun. If they are not having fun then they are not going to come back since everyone else is focusing on fun. This is why we do not get just a text, and get an animation that is not required, but at least fun to see.
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mindrust
Legendary
Offline
Activity: 3304
Merit: 2456
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April 01, 2022, 05:29:21 PM |
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I think many were disappointed in the betting price of Bitcoin as European Parliament just voted for a law to ban anonymous transactions to all Europe and exchanges are now required to even verify the out wallet where the money is going,not the smartest move to try and stop people as there is always the P2P which can be done,but overall I am sorry for the people who lost their bets just because of this.
This is a little bit better than them outright banning bitcoin but it almost has the same effect. As you said people will always be able to do P2P trades however, they also know people will eventually want to cash out their crypto to buy some real stuff like houses, cars, food etc. If bitcoin adoption was high enough, then they would probably ban crypto completely instead of just enforcing KYC on people.
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el kaka22
Legendary
Offline
Activity: 3570
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
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April 02, 2022, 10:01:23 AM |
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I think many were disappointed in the betting price of Bitcoin as European Parliament just voted for a law to ban anonymous transactions to all Europe and exchanges are now required to even verify the out wallet where the money is going,not the smartest move to try and stop people as there is always the P2P which can be done,but overall I am sorry for the people who lost their bets just because of this.
Why do you think anyone lost his bets? The price was going down, but the final price was above 45k, so there was not a instant change. Anyway, who decided to bet on >45k, made a good decision, odds 6.51, Wow! Just a few more hours and it would be again the "cheap" range 40-45. Those type of odds are the proof that crypto is quite unpredictable. Everyone talks about speculation and how the price could be this or that and so forth but nobody realizes that crypto is not something you could really "know". This place is the proof of that, the odds of 6.51 shows that not many people expected for this to happen, it is not an odd that says "nobody" expected it, I mean not like 60k+ for example, of course you expected a "littl" bit. But, when you see odds of 6.50 on football bets for example, you know that the other team will win and the team with 6.50 odds will lose. So, it is quite clear that majority didn't think that it was possible.
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PawGo
Legendary
Offline
Activity: 952
Merit: 1369
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April 02, 2022, 11:11:15 AM |
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This means that you need to focus on making sure that the people in your casinos are having fun.
hehe, you are right. Especially on freebitco fun is important. So, not to lose my fun, yesterday I have locked my FUN for 360 days. I will see on March 27th '23 if it was a good decision. I hope so.
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shawon01
Member
Offline
Activity: 252
Merit: 10
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April 02, 2022, 01:12:35 PM |
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-snip
I guess this is just like how a common bookie would do. If more people bet on it, odds go down - nothing special. Yeah its pretty much the same though otherwise people would flock to parimutuel betting instead of going to the usual bookies It does not depend on the model if its better or not in this case, it depends on the payout percentage. I just checked the payout percentage for the Chelsea - Brentford event. With the actual odds at FreeBitco.in the payout would be ca. 90 percent. All 35 bookies listed at oddsportal have higher payouts. So FreeBitco.in is a lousy bookie. Good bookies have 97-98 percent payout.
Its because alot of people are betting on that pool thus making the odds significantly lower compared to other bookies. Well regarding the odds, you might be able to get better odds on some other pool such as Wolves vs Aston Villa, Wolves to win is currently @3.77 which is higher than common bookies @2.55 odds. Odds could be dropping before it closes but most likely could be higher than the common bookies odds It does only depand on how much the bookie is willing to pay out not how many people are betting. If the volume for all placed bets would be 1 btc and FreeBitco.in was paying out 0.9 btc to the winners than payout is 90 percent. Its not forbidden paying out 0,95 btc but profit for FreeBitco.in would be less than. "Odds could be dropping before it closes" yes thats the problem. You dont know your final odd when placing the bet. This makes it more like gambling instead of betting. With betting, if you are doing it smart, you can win in the long run but not with gambling. With gambling your money is gone when entering the casino - in the long run. The bitcoins that are being talked about here are different than other days because their systems are based entirely on the courts, so it really depends on how many people are cheating on it. It will not change if you are still calling here, it is not work, what you have done is prayer
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UserU
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April 02, 2022, 01:54:12 PM |
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Ahhhh, so close when the BTC price went up right before 1st April.
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pawanjain
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April 02, 2022, 02:03:44 PM |
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Yeah, you're out of luck this time. I would even say that this result might have a demotivating effect on other gamblers because 1890 sats and 2485 RP for 170 spins are too few. It seems that winning the maximum number of sats, lottery tickets, or RP per one spin of the WoF has become as rare as winning golden tickets. It doesn't have that effect on me. I currently have 356 WOF spins and will wait a little bit in the hopes the BTC prize will drop a bit. It all depends on luck but since the update they made, it is a lot more rare to win some bigger than the base prizes. In the mean time, I still get my cashback and the increased interest also so I am still happy with my premium membership. I still think that it was way better before they decided to decrease the chances of higher rewards in WoF spins and ofcourse who wouldn't like that. But there's nothing to complaint anyway because it's still a "benefit" of holding the FUN tokens and so shall we reap the benefits. At the same time I also wonder how many spins would it take to win one higher reward. I am not so good at the math but if somebody can calculate the probability of winning one higher reward then that would be awesome.
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STT
Legendary
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Activity: 3962
Merit: 1424
Leading Crypto Sports Betting & Casino Platform
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April 02, 2022, 02:23:58 PM |
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It doesn't have that effect on me. I currently have 356 WOF spins and will wait a little bit in the hopes the BTC prize will drop a bit.
Yea my estimate is BTC isnt dropping back substantially and meanwhile you dont get the spin reward or the interest after collecting it. Might as well bite the bullet and take it now, as you will have future spins anyway at that future BTC price. So I dropped the hammer and used up hundreds of spins but ironically I get the thousands reward with just that singular spin that comes with the newsletter every day. Ahhhh, so close when the BTC price went up right before 1st April.
Owch bad luck that was real close. I thought a multibet there would be required and only put in a long shot instead So, not to lose my fun, yesterday I have locked my FUN for 360 days. I will see on March 27th '23 if it was a good decision. I hope so.
I cant see much depreciation occurs when its in regular use, whether theres any gain is more of a guess but at least you get the lock bonus and benefits meanwhile. I cant see its a bad deal overall personally.
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UserU
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April 02, 2022, 04:44:10 PM |
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Owch bad luck that was real close. I thought a multibet there would be required and only put in a long shot instead
I did, but it went right above the 45K mark haha.
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savetheFORUM
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April 02, 2022, 04:52:25 PM |
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Those type of odds are the proof that crypto is quite unpredictable. Everyone talks about speculation and how the price could be this or that and so forth but nobody realizes that crypto is not something you could really "know". This place is the proof of that, the odds of 6.51 shows that not many people expected for this to happen, it is not an odd that says "nobody" expected it, I mean not like 60k+ for example, of course you expected a "littl" bit.
But, when you see odds of 6.50 on football bets for example, you know that the other team will win and the team with 6.50 odds will lose. So, it is quite clear that majority didn't think that it was possible.
Of course it is unpredictable, and of course it is not going to be known by many people. I always say that if it was such a simple thing to handle, then we would all be selling our houses, cars, even clothes and invest into crypto and do that with 100x to 150x leverages and then make insane amount of money. If you really "know" what is going to happen, why not do that? Which means that people either do not know and lose money, or they do not know and just get lucky and get a bit richer, but nobody really "knows". We just make predictions and just as you said, this is a great example of how little we know about bitcoin and what it will do.
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noormcs5
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April 02, 2022, 10:57:47 PM |
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This means that you need to focus on making sure that the people in your casinos are having fun.
hehe, you are right. Especially on freebitco fun is important. So, not to lose my fun, yesterday I have locked my FUN for 360 days. I will see on March 27th '23 if it was a good decision. I hope so. That is a brave decision for you to lock the FUN token for full one year. I don't know if it's a good decision or bad as we never know what will be the overall conditions of the market at that time. However, as most people say that holding is the best way to make money in crypto, i do hope that fun token increases its value over time and you can get a big return from your investment.
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uneng
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April 02, 2022, 11:29:55 PM |
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They have already clarified that - it is just an illusion. If you have captcha, then indeed, pressing 'spin' button causes roll. But if your session is established, you are logged in and you execute premium WOFs, spinning wheel is just an animation to present the result - the roll was executed long time before. So at the end I prefer to have instant result in the table, I do not need to look at spinning wheel, as the backside is exactly the same.
This has been established that’s true. They are putting the animation to make it look like it's a fun thing, but the reality is that they could have done that with just a "this is your reward" text and it would have been the same thing. However, half of casinos are made out of "fun" material, if you are not having fun then you will not enjoy it at all. This means that you need to focus on making sure that the people in your casinos are having fun. If they are not having fun then they are not going to come back since everyone else is focusing on fun. This is why we do not get just a text, and get an animation that is not required, but at least fun to see. Wheel's animation is particularly interesting for free users who use the daily ticket received by email, so it encourages and excites these users to invest in FUN to increase the number of spins they have access daily. And once this happens, to watch the animation stays in second plan for practical gamblers, because with so many wheel's tickets it takes too long to spin all of them manually, especially for users who prefer to accumulate a lot of them before using. On the other hand, wheel's aficionados won't bother spending their time spinning all their spins one by one.
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