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

[dabbur]

It is a lot of better than on a bank account for sure; the 4.08% (or up to 5.1%) is sustainable but it is also not the highest in the market. I have put around 0.1 BTC in freebitco.in a couple of years ago to profit from the interest and I will keep it in there until I really need it.

Could you tell what alternatives are? I know freebitco is not a bank nor place to treat as a saving account, but it interesting feature.
And as FUN token price becomes quite stable last months (a few % change, not hundreds of %), locking is also an option.

If you have some spare btc and you are willing to store them at sites where you dont own the private keys (like at freebitco, remember if you dont own the private keys its not really your money) than there are better sites with higher interests. At stakecube I get 7.572% yearly for btc, ltc and dash. They are also paying this for years and never had trouble with deposit or withdraws.

[dabbur]

To roll the 10000 the chance is surely not one in 10k. I have free rools played 21,411 so far. To roll 9994 or above the chance is 0.07%, so by chance I should have hit 9994 or above ca. 15 times. As far as I remember it occurred 1 or 2 times so far.
With this "provably fair" thingy I can only check the number I rolled but not the likelihood of its occurrence and so this is completely nonsense.
The only site I rolled the 10k 2 times is from dutchycorp and I can tell you why this happened, becourse the winning is 25 cents. This is affordable for the site owner - right?
If every 10000th roll would win 200$ than freebitco would be bankrupt within one day I guess.

The odds of rolling the highest number are only one in 20k. Wheel of fortune spins count as free rolls and that will inflate your stats and make it seem like you’ve made a lot more faucet claims.  

I did not use that many wof spins maybe 400 or 500 so not much inflation there so far, but where did you get that information with that one in 20k chance? Is it given on the site anywhere?

Indeed, it is not easy to find that information. You must click on "i" in upper right corner of single WOF page, than you will see:


So it seems it is really not easy to win any item like Card/Phone/Watch

I did some excel and calculated the probabilities for winning those items:

50 Reward Points   32,93 %
500 Reward Points   0,2 %
5000 Reward Points   0,1 %
50 Lottery Tickets   32,93 %
500 Lottery Tickets   0,3 %
5000 Lottery Tickets   0,2 %
1 Golden Ticket   0,1 %
5 Golden Tickets   0,005 %
50 Golden Tickets   0,0025 %
50 Satoshi   32,93 %
500 Satoshi   0,2 %
5000 Satoshi   0,1 %
$500 Amazon Gift Card   0,000003 %
$1500 iPhone   0,0000011 %
$15000 Rolex   0,0000001 %

I think the results seem to be reasonable.

But I also did some statistics with my free btc rolls data:

I did 426 rolls within 1 month.
rolls from
886 to 1000 occured 4 times
1886 to 2000 occured 4 times
2886 to 3000 occured 3 times
3886 to 4000 occured 4 times
4886 to 5000 occured 4 times
5886 to 6000 occured 5 times
6886 to 7000 occured 3 times
7886 to 8000 occured 6 times
8886 to 9000 occured 4 times
9886 to 10000 occured 0 times

So numbers from 9886 to 10000 do not have the same probability of occurance than all the others.
This is no surprise for me but it shows how easy it is to manipulate those outcomes.
This is definitively not provably fair. Would be only if one did know the probability for the numbers 9886 to 10000.

[Lucky444]

For the champions league match yesterday I see Real Madrid was settled as the winner. I thought it was the result at the end of the 2nd match but before extra time ??

Otherwise, how else can draw possibly win ?

I don't understand why draw is included as a possibility if it can't seemingly win

[swogerino]

I have started to wager little by little as I have noticed that if you gamble 10.000 Satoshis usually this in wagering amount is 17x to 20x of the total value,so I imagine like gambling 100.000 Satoshis and getting at least 3-4 Golden tickets this way plus the Reward points and the Lottery tickets by doing so,if I do this when a bonus is ongoing then the Reward Points are multiplied by the number of the bonus given.Is this a good strategy or is better to buy FUN with these amounts,I used to buy FUN before but now I am liking more this approach.What do you guys say?

You need to wager at least 500 000 satoshi before you get a golden ticket (you could buy one ticket for 25000 satoshi). For every 500 satoshi you wager, you get 1 RP and 1 lottery ticket. Difficult to tell which is really the best approach, I would try to do some calculations to see which gives you the most benefit.

I think it is better to wager as I played in Multiply Btc yesterday 10.000 Satoshi and as a wagered amount it was 215.000 Satoshis,so near x22 multiplier.If I play another 10.000 with this same multiplier it goes to 430.000 and then if I play another 5000 it goes to more than 500.000 which give me a golden ticket just like I can buy it for such amount,but by wagering I got a lot of normal lottery tickets and a lot of RP during such time.If I play Multiply Btc when some bonus for RP is going on then RP-s are multiplied by that number so wagering I conclude is better.I bet with the minimum amount and it takes time but I am patient,if I play with a higher bet then x22 multiplier in wagering may not happen and we may get a maximum of x11 to x13.

[dabbur]

For the champions league match yesterday I see Real Madrid was settled as the winner. I thought it was the result at the end of the 2nd match but before extra time ??

Otherwise, how else can draw possibly win ?

I don't understand why draw is included as a possibility if it can't seemingly win

This whole betting thing there is extremely unprofessional. Starting with the fact that the home teams seem to be named in first or last position randomly. The site layout and handling is horrible. Informations on your initial and outcome quotes - nothing. They should update this urgently or cut it out.

[ipanks]

snip

Those calculations can be different than what the site uses because they have their own formula that we do not even know. As an old gambling website, Freebitco.in still have many members who still play gambling on their site and get many benefits. But if you want to win in the prizes, I guess you will need to have many tickets because you need to compete with the other player.

[PawGo]

50 Reward Points   32,93 %
500 Reward Points   0,2 %
5000 Reward Points   0,1 %
50 Lottery Tickets   32,93 %
500 Lottery Tickets   0,3 %
5000 Lottery Tickets   0,2 %
1 Golden Ticket   0,1 %
5 Golden Tickets   0,005 %
50 Golden Tickets   0,0025 %
50 Satoshi   32,93 %
500 Satoshi   0,2 %
5000 Satoshi   0,1 %
$500 Amazon Gift Card   0,000003 %
$1500 iPhone   0,0000011 %
$15000 Rolex   0,0000001 %

I think the results seem to be reasonable.

But I also did some statistics with my free btc rolls data:

I did 426 rolls within 1 month.
rolls from
886 to 1000 occured 4 times
1886 to 2000 occured 4 times
2886 to 3000 occured 3 times
3886 to 4000 occured 4 times
4886 to 5000 occured 4 times
5886 to 6000 occured 5 times
6886 to 7000 occured 3 times
7886 to 8000 occured 6 times
8886 to 9000 occured 4 times
9886 to 10000 occured 0 times

Are you sure you do not make a mistake in ranges definition? Shouldn't it be:
886 to 1885 occured 4 times
1886 to 2885 occured 4 times
2886 to 3885 occured 3 times

etc..?

It would be clearer, and results do not seem to be unfair, as the first ranges are 1000 points wide, while the last one is 114 points wide.

[dabbur]

50 Reward Points   32,93 %
500 Reward Points   0,2 %
5000 Reward Points   0,1 %
50 Lottery Tickets   32,93 %
500 Lottery Tickets   0,3 %
5000 Lottery Tickets   0,2 %
1 Golden Ticket   0,1 %
5 Golden Tickets   0,005 %
50 Golden Tickets   0,0025 %
50 Satoshi   32,93 %
500 Satoshi   0,2 %
5000 Satoshi   0,1 %
$500 Amazon Gift Card   0,000003 %
$1500 iPhone   0,0000011 %
$15000 Rolex   0,0000001 %

I think the results seem to be reasonable.

But I also did some statistics with my free btc rolls data:

I did 426 rolls within 1 month.
rolls from
886 to 1000 occured 4 times
1886 to 2000 occured 4 times
2886 to 3000 occured 3 times
3886 to 4000 occured 4 times
4886 to 5000 occured 4 times
5886 to 6000 occured 5 times
6886 to 7000 occured 3 times
7886 to 8000 occured 6 times
8886 to 9000 occured 4 times
9886 to 10000 occured 0 times

Are you sure you do not make a mistake in ranges definition? Shouldn't it be:
886 to 1885 occured 4 times
1886 to 2885 occured 4 times
2886 to 3885 occured 3 times

etc..?

It would be clearer, and results do not seem to be unfair, as the first ranges are 1000 points wide, while the last one is 114 points wide.

each range contains 115 numbers cos you can only win higher amounts with the 115 numbers 9886 to 10000, so you can directely compare this results.
The probability to roll 9886 to 10000 is 1.15 % if each number would be equivalent --> 426 * 1.15 % = 4.9 so by chance I should have rolled ca. 5 times 9886 to 10000.

[PawGo]

each range contains 115 numbers cos you can only win higher amounts with the 115 numbers 9886 to 10000, so you can directely compare this results.
The probability to roll 9886 to 10000 is 1.15 % if each number would be equivalent --> 426 * 1.15 % = 4.9 so by chance I should have rolled ca. 5 times 9886 to 10000.

OK, now I understand what you wrote. Indeed interesting.
But I am not sure if 420 rolls is enough to make any conclusions. Could you for example confirm that you have on average +-42 rolls in each 1000 wide range?

[dabbur]

each range contains 115 numbers cos you can only win higher amounts with the 115 numbers 9886 to 10000, so you can directely compare this results.
The probability to roll 9886 to 10000 is 1.15 % if each number would be equivalent --> 426 * 1.15 % = 4.9 so by chance I should have rolled ca. 5 times 9886 to 10000.

OK, now I understand what you wrote. Indeed interesting.
But I am not sure if 420 rolls is enough to make any conclusions. Could you for example confirm that you have on average +-42 rolls in each 1000 wide range?

0 - 1000 33 hits
-2000 41 hits
-3000 49 hits
-4000 51 hits
-5000 34 hits
-6000 42 hits
-7000 41 hits
-8000 50 hits
-9000 42 hits
-10000 43 hits


well 426 rolls is not that much but I always had the feeling that I should hit bigger rewards more often. In my case ca. 1 per week - but its not. So I wanted to check this statistically and I will go on with analyzing my data (history rolls go only back 1 month)

[pawanjain]

The further greater thing is that, by logic, if they keep doing this, they have to give all 21 million to their users eventually. That is exactly what this means, obviously, the users withdraw, but if nobody ever withdrew, then the amount they have ot pay keeps growing more and more and more eventually reaching 21 million, obviously, this is the technical approach. We all know that between all the people who are gambling, and the withdrawing, we are not going to have anything remotely close to that, this is just the math behind it to make sure that people realize how amazing what they are doing is.

I don't think that's how it works. Freebitco.in will only pay the users until their bankroll is not completely empty.
Obviously they would have thought this through already and will have a threshold limit after which they would announce that freebitco.in is going bankrupt.
May be after that announcement they will stop the operations for the time being and pay all the users their money.
May be once all of that is over they will raise funds and start their operations again but certainly they won't be so dumb to keep putting BTC in user's accounts until 21 million BTC lol. That sounds absurd

Or they might just cancel (or at least reduce) the bonuses associated with bitcoin staking. Obviously, they are not obliged to do so indefinitely. It's a business decision. As long as they can see a way to maintain profitability, they will be good with it. But sooner or later it will be to their advantage to eliminate or reduce these bonuses because it is not the core of their business model. They will have to find new ways to attract more new people to their system.

Ofcourse it's gonna be a collective decision in that case. But looking at current stats I think freebitco.in is doing pretty good.
The FUN token partnership and also the sibling gambling sites must be giving additional profits to freebitco.in
It has been doing great for all this years and so I think it won't be going bankrupt any time soon.

[darewaller]

I have started to wager little by little as I have noticed that if you gamble 10.000 Satoshis usually this in wagering amount is 17x to 20x of the total value,so I imagine like gambling 100.000 Satoshis and getting at least 3-4 Golden tickets this way plus the Reward points and the Lottery tickets by doing so,if I do this when a bonus is ongoing then the Reward Points are multiplied by the number of the bonus given.Is this a good strategy or is better to buy FUN with these amounts,I used to buy FUN before but now I am liking more this approach.What do you guys say?

Wagering here is great because of this exact reason. Why do you think they are getting so many wagering amounts and people wager here more than probably any other place or at least one of the top ones when they have such a huge house edge?

I mean in any other place if you say %5 house edge then people would run away but this place keeps getting more and more people wagering here, must be a reason. That reason is literally the free things and the possibilities. Between reward points, the tokens, the investment returns when you are not wagering, the golden ticket, the regular weekly ticket they are basically showering you with extra stuff at all times.

[STT]

Payback and the guy who got the free Lambo wont complain :p

ATTENTION!!!

YOU MAY HAVE UNCLAIMED FREE SPINS

As a Premium Member, you earn Wheel of Fortune Free Spins every day. You may have Free Spins waiting to be claimed. Redeem them to get guaranteed wins on every spin!

I got a reminder of free spins via email which is nice but I would for the moment speculate we are entering into some weakness.   I mentioned this previously, I had wanted this to appear month end so I got my wider volatility and bigger bet payoff in the monthly price bet but nope it occurs now, a few days after.   Of course this is the way :p
  I'll probably save my spins a little bit, the singular shard of light piercing the gloomy mists shrouding the globe being rewards go back to the default full figure when prices drops.   So a little side speculation we do appear to have some weakness for now, there is the idea the trend of some months has just shattered into a million pieces but I might be a little too dramatic on that and it doesnt matter, not sure yet.

[babygun]

Wagering here is great because of this exact reason. Why do you think they are getting so many wagering amounts and people wager here more than probably any other place or at least one of the top ones when they have such a huge house edge?

I mean in any other place if you say %5 house edge then people would run away but this place keeps getting more and more people wagering here, must be a reason. That reason is literally the free things and the possibilities. Between reward points, the tokens, the investment returns when you are not wagering, the golden ticket, the regular weekly ticket they are basically showering you with extra stuff at all times.

You get some nice benefits for wagering here (the extra RP help) but for the house edge is a lot higher than on other sites. In other casinos, you get also cashback and rakeback so not sure if freebitco.in is the best place to wager high amounts of BTC. But everybody needs to do his own calculations to find out which is the most interesting.

[uneng]

Payback and the guy who got the free Lambo wont complain :p

ATTENTION!!!

YOU MAY HAVE UNCLAIMED FREE SPINS

As a Premium Member, you earn Wheel of Fortune Free Spins every day. You may have Free Spins waiting to be claimed. Redeem them to get guaranteed wins on every spin!

I got a reminder of free spins via email which is nice but I would for the moment speculate we are entering into some weakness.   I mentioned this previously, I had wanted this to appear month end so I got my wider volatility and bigger bet payoff in the monthly price bet but nope it occurs now, a few days after.   Of course this is the way :p
  I'll probably save my spins a little bit, the singular shard of light piercing the gloomy mists shrouding the globe being rewards go back to the default full figure when prices drops.   So a little side speculation we do appear to have some weakness for now, there is the idea the trend of some months has just shattered into a million pieces but I might be a little too dramatic on that and it doesnt matter, not sure yet.

I think the best time to roll the wheel's spins is coming... That is, if bitcoin keeps crashing like today. I won't be too greedy to wait until base rewards are set in 50 satoshis/RPs/tickets (not possible to get more than this anyway), but I hope to to roll once base rewards are around 46-47 satoshis... Otherwise, if bitcoin reverts the tendency and remains stable I won't wait anymore, rolling everything once I collect 1000 spins.

[swogerino]

Wagering here is great because of this exact reason. Why do you think they are getting so many wagering amounts and people wager here more than probably any other place or at least one of the top ones when they have such a huge house edge?

I mean in any other place if you say %5 house edge then people would run away but this place keeps getting more and more people wagering here, must be a reason. That reason is literally the free things and the possibilities. Between reward points, the tokens, the investment returns when you are not wagering, the golden ticket, the regular weekly ticket they are basically showering you with extra stuff at all times.

You get some nice benefits for wagering here (the extra RP help) but for the house edge is a lot higher than on other sites. In other casinos, you get also cashback and rakeback so not sure if freebitco.in is the best place to wager high amounts of BTC. But everybody needs to do his own calculations to find out which is the most interesting.

I think this depends on what your final goal is.If you intend to collect as many golden tickets as possible then wagering is your best option as once you are chasing them,together the way you get many reward points and many lottery tickets,the downside is that house edge which I never in the long run have been able to see greens and only reds,this is where you need to decide how you will chase whatever you are chasing.

[ipanks]

snip

It won't be easy to collect as many golden tickets as possible and if he bets then it's also not a good way out because we don't know how much we need to bet to be able to collect his golden tickets. I think it's better to bet moderately and invest some money in FUN tokens to get some WoF every day because that is one way to collect gold tickets. It is better not to be too eager to collect or pursue something because the results can be far from our expectations.

[PawGo]

Last month I was executing my free WOFs every day, for May I have decided to again collect them and launch once, at the end of month. Now with the BTC price decreasing WOFs becomes worth more and more... And yesterday's dip... oh.

It makes me think, maybe apart of betting on sport events and BTC/ETH price, freebitco should add betting on stocks indexes, like NYSE or NASDAQ? "What would be the NASDAQ at the end of week?".

[swogerino]

snip

It won't be easy to collect as many golden tickets as possible and if he bets then it's also not a good way out because we don't know how much we need to bet to be able to collect his golden tickets. I think it's better to bet moderately and invest some money in FUN tokens to get some WoF every day because that is one way to collect gold tickets. It is better not to be too eager to collect or pursue something because the results can be far from our expectations.

We already know that to get a golden ticket you need to wager 500.000 Satoshi or 0.005 Bitcoin and that is easy achievable with a medium x17 to x20 multiplier for example if you play 25.000 Satoshi chances are high that you can wager 500.000 Satoshi with such amount of course playing with minimal bet.

As for the FUN tokens I already own lots of them which I lock them monthly and get interest out of them so now I am only thinking,better to say I am becoming obsessed to get as many golden tickets as possible by wagering a minimum of 200.000 Satoshi to win some golden tickets this way.

[freebitco.in PR]

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