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[PawGo]

Exactly, I do the same for the golden ticket lottery. If I don't win one with the WOF spins, I always buy one.

Last time there were 1,151,098 Golden Tickets and the main prize was 4.910 BTC.
In the last lottery (#377) there were 188,863,611 tickets and the main prize was 0.128 BTC. Which means that because chance was 164 times smaller, the prize to be "attractive in a similar way" should be 21BTC.
It clearly shows that GT is more attractive as potential reward per ticket is bigger.

[hosseinimr93]

It clearly shows that GT is more attractive as potential reward per ticket is bigger.

You should consider the big difference between golden ticket price and weekly lottery ticket price as well.
Each golden ticket costs 25000 satoshi while each weekly lottery tickets costs only 1 satoshi.

In the last round of lambo lottery, you could have around 0.000087% chance to win 4.910 BTC with paying 25,000 satoshi.
In the last round of weekly lottery, you could have around 0.013% chance to win 0.128 BTC with paying the same amount.

The prize in the last round of lambo lottery was 38 times bigger than the main prize of the last round of the weekly lottery. But If I had put the same amount of money in each of them, my chance to win the main prize of weekly lottery was 162 times bigger than winning the lambo.

This means that participating in the weekly lottery is more reasonable than lambo lottery.
Note that I only considered the main prize of the weekly lottery. Apparently, the chance to be among winners in the weekly lottery is even bigger than what calculated above.

[swogerino]

It clearly shows that GT is more attractive as potential reward per ticket is bigger.

You should consider the big difference between golden ticket price and weekly lottery ticket price as well.
Each golden ticket costs 25000 satoshi while each weekly lottery tickets costs only 1 satoshi.

In the last round of lambo lottery, you could have around 0.000087% chance to win 4.910 BTC with paying 25,000 satoshi.
In the last round of weekly lottery, you could have around 0.013% chance to win 0.128 BTC with paying the same amount.

The prize in the last round of lambo lottery was 38 times bigger than the main prize of the last round of the weekly lottery. But If I had put the same amount of money in each of them, my chance to win the main prize of weekly lottery was 162 times bigger than winning the lambo.

This means that participating in the weekly lottery is more reasonable than lambo lottery.
Note that I only considered the main prize of the weekly lottery. Apparently, the chance to be among winners in the weekly lottery is even bigger than what calculated above.

You do well to calculate or consider the main prize of the weekly lottery as that is a nice amount.I never thought as deep for the weekly lottery,that spending 25.000 Satoshi each week on lottery tickets instead of a single GT ticket every week my chances would be 162 times higher,this is making me rethink.I never bought these last couple of weeks a single lottery ticket thinking that who am I to be in the top ten out of near 50 million users and this kept me without buying.I will make sure this week to spend maybe 12.500 Satoshis in tickets although I don't expect anything,chances in both lotteries are extremely slim as you are against near 50 million other people and to win in such scenario you need a huge amount of luck above all.

[PawGo]

It clearly shows that GT is more attractive as potential reward per ticket is bigger.

You should consider the big difference between golden ticket price and weekly lottery ticket price as well.
(...)

Very good calculations, interesting point of view. You are right, I completely ignored ticket price (as I do not plan to buy any). But what you shown, the chances in weekly lottery you "buy" for the cost of single GT, that's a very good remark...
I think GT main prize makes the game more demanding, while weekly lottery is a very "secondary" kind of event. Maybe as swogerino wrote, that's where the chance is.

[Timelord2067]

*Sigh*

...

maybe next time...

[PawGo]

Any plans for Spa F1 GP betting?
Now we have Verstappen (1.35), Leclerc (4.89) and Hamilton (9.34). I am not sure if Verstappen's odds and the way how he leads betting really corresponds to chances in the race. 4.89 seems to be a little too big, as for the second option, no?
Last year race was a (sad) parody, this year it seems it will not rains and we will see a "normal" race. Spa is a fast track, I think Ferrari are underestimated.
Ah, and last thing - Spa in 2019 was a race where Leclerc had his first victory, maybe he would like to repeat that result.

[buwaytress]

*Sigh*
maybe next time...

Welcome to the 0000 club Think I've hit it at least twice, also 7777... and yet, can't recall hitting a 4-of-a-kind on any other number. It's like achieving something that no one will ever recognise huh!

Not counting all the millions of autobets of course.

P.S. Are you by chance on the BBC Worlds Apart game?

[el kaka22]

I do not think that I have ever bought lottery tickets before. Maybe I did it for fun back in the day, I am not entirely sure about it, but I usually never buy it at all. You get it by gambling anyway, so I gamble anyway and I get it. This isn't just regular weekly neither, you get golden tickets as well which goes for lambo which is of course a small chance but it is good to have. What people do not realize that if you combined the weekly lotteries and the 10 prizes they give away, that is usually nearly as much as the lambo when you combine it all.

I mean over a quarter bitcoin per week, 1 bitcoin per month, which is about 6 months per 6 months which is lambo time. Right now that is 120k, but there were times when it was more. So, I assume it is not really that far off.

[PawGo]

I mean over a quarter bitcoin per week, 1 bitcoin per month, which is about 6 months per 6 months which is lambo time. Right now that is 120k, but there were times when it was more. So, I assume it is not really that far off.

Yes, but it not not as spectacular as Lambo thing ;-)
The same you may say that betting may give you bigger income than lottery or even GT.


FUN price stays at 37sat, I think I will buy some more at the end of month, in my way to 50k. Unfortunately 500 tokens is minimum you may hold...

[freebitco.in PR]

Rugby Betting - Championship Round 3

Competition is tight - Argentina and Australia have 5 points each while South Africa and New Zealand have 4 each.

The Wallabies face the Springboks for the next two rounds - which team will come out on top?

Meanwhile, the All Blacks battle Los Pumas in a fiery battle - who'll win?

Predict the outcomes of the Rugby Championship at FreeBitco.in and win BTC if you're right!

Betting expires tomorrow.

[dwyane36]

I mean over a quarter bitcoin per week, 1 bitcoin per month, which is about 6 months per 6 months which is lambo time. Right now that is 120k, but there were times when it was more. So, I assume it is not really that far off.

Yes, but it not not as spectacular as Lambo thing ;-)
The same you may say that betting may give you bigger income than lottery or even GT.

Yeah, even if the total amount of weekly lottery prizes for 6 months is equivalent to the prize for the Lambo lottery, then these are still different things. I mean, the expectation and impression of the Lambo lottery are completely different as only 1 lucky person can win a few bitcoins, while the weekly lottery will have approximately 240 winners who will win relatively small prizes during the same six months.

[swogerino]

Rugby Betting - Championship Round 3

Competition is tight - Argentina and Australia have 5 points each while South Africa and New Zealand have 4 each.

The Wallabies face the Springboks for the next two rounds - which team will come out on top?

Meanwhile, the All Blacks battle Los Pumas in a fiery battle - who'll win?

Predict the outcomes of the Rugby Championship at FreeBitco.in and win BTC if you're right!

Betting expires tomorrow.

I guess not many people here care much about Rugby compared to the Premier League and F1 betting,these are the two main events of the weekend and I am sure most people would like to bet on either F1 or Premier League compared to the Rugby sport.

I just checked now and both categories are available to bet so in the end it is a nice addition to have more options of betting,maybe the Rugby would have their fan base to because I don't think you have put it in the betting for nothing.Let me now make a bet on the Manchester United vs Southampton game for tomorrow.

[pawanjain]

I do not think that I have ever bought lottery tickets before. Maybe I did it for fun back in the day, I am not entirely sure about it, but I usually never buy it at all. You get it by gambling anyway, so I gamble anyway and I get it. This isn't just regular weekly neither, you get golden tickets as well which goes for lambo which is of course a small chance but it is good to have. What people do not realize that if you combined the weekly lotteries and the 10 prizes they give away, that is usually nearly as much as the lambo when you combine it all.

I mean over a quarter bitcoin per week, 1 bitcoin per month, which is about 6 months per 6 months which is lambo time. Right now that is 120k, but there were times when it was more. So, I assume it is not really that far off.

I have the same logic in my mind because for me it doesn't make any sense to buy lottery tickets when you are getting it free of cost.
People have won lottery with just a single digit number and people haven't won't anything despite holding more than 50k lottery tickets.
So it doesn't really make any sense to buy lottery tickets unless you have some spare load of money which you can spend lavishly.

[Flexystar]

I mean over a quarter bitcoin per week, 1 bitcoin per month, which is about 6 months per 6 months which is lambo time. Right now that is 120k, but there were times when it was more. So, I assume it is not really that far off.

Yes, but it not not as spectacular as Lambo thing ;-)
The same you may say that betting may give you bigger income than lottery or even GT.

Yeah, even if the total amount of weekly lottery prizes for 6 months is equivalent to the prize for the Lambo lottery, then these are still different things. I mean, the expectation and impression of the Lambo lottery are completely different as only 1 lucky person can win a few bitcoins, while the weekly lottery will have approximately 240 winners who will win relatively small prizes during the same six months.

Interesting fact but again let’s not forget about the chances of winning. Lambo is hardest bet on freebitcoin while free roll is the risky free one. Plot the scale and you guys will find that lottery stands bottom second chance of winning on particular day while on the other hand betting on sports and coin prices is middle winning chance. If we look at it with the point of view where you have to balance out winning and losses then you should be engaged in all the activities available on the freebitcoin. Keeping more wages for the risk free bets high at all times.

GT is obviously biggest event and biggest reward given by freebitcoin. I really think that it’s gamble of “the richest”.

[uneng]

*Sigh*

...

maybe next time...

https://i.imgur.com/QeScvwJ.jpg

Is this roll from today? May I ask why base reward was 18 satoshis? It's around 56-60 satoshis here.

GT is obviously biggest event and biggest reward given by freebitcoin. I really think that it’s gamble of “the richest”.

Indeed it is for the whales, because big gamblers are going to own most golden tickets on the competition, with 1 GT being rewarded every 500,000 satoshis wagered on multiplier or events. The guys on top 10 daily wagered amount are going to have tons of GTs, against average users who have a dozen of tickets on best hypothesis.

In my opinion it's preferable to wager 500,000 satoshis to receive 1 GT than purchasing each of them for 25,000 satoshis, though.

[swogerino]

In my opinion it's preferable to wager 500,000 satoshis to receive 1 GT than purchasing each of them for 25,000 satoshis, though.

I agree.It is much better to wager 500.000 satoshi because you can get to increase your sideline chances and by sideline chances are the lottery tickets you win and RP that you win which can be exchanged for WoF spins to get other rewards,on top of these you also get a Golden Ticket each time you wager that specified amount.Just spending 25.000 satoshi to buy a single Golden Ticket without the above mentioned benefits it is not worthy,it is only worthy when you have referrals that have made you the 25.000 satoshis and you don't care spending them,every other scenario is much better to wager than to buy Golden Tickets.

[PawGo]

In my opinion it's preferable to wager 500,000 satoshis to receive 1 GT than purchasing each of them for 25,000 satoshis, though.

The point it that if you do "reasonable" decisions, you will end with more than 475k sat if you wager 500k. Which means that you not only received 1GT (additional benefit), but also you have a "base" profit. You just need to decide what to do with 500k sat, while many "small" players do not bet so much - anyway I think it is quite easy doable in a few months.

[babygun]

In my opinion it's preferable to wager 500,000 satoshis to receive 1 GT than purchasing each of them for 25,000 satoshis, though.

The point it that if you do "reasonable" decisions, you will end with more than 475k sat if you wager 500k. Which means that you not only received 1GT (additional benefit), but also you have a "base" profit. You just need to decide what to do with 500k sat, while many "small" players do not bet so much - anyway I think it is quite easy doable in a few months.

It also depends a lot on the amount of luck you have so it is possible to end up with a total of a lot lower than 475 k also. I know you also get a lot of RP if you would wager so much but don't forget that the house edge is also 5%.

[Strongkored]

I have the same logic in my mind because for me it doesn't make any sense to buy lottery tickets when you are getting it free of cost.
People have won lottery with just a single digit number and people haven't won't anything despite holding more than 50k lottery tickets.
So it doesn't really make any sense to buy lottery tickets unless you have some spare load of money which you can spend lavishly.

I'm sure every player on freebitcoin has their own strategy, one of which is to buy lottery tickets regularly to increase FREE BTC Rewards from every free roll because buying a lottery increases 20x faster than play jackpots and others, I sometimes buy it from wof results and this is not many just a few.