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[piebeyb]

I have not entered freebitcoin for a long time, but the bonuses that are given in freebitcoin are for winning, in the free-roll you always have good bonuses when you bet a lot of money, otherwise there is no other way to get it, now with the free spins, something that I have not been able to enjoy because I have not been active on the platform, for me before freebitcoin had everything well calculated, the bonuses now I do not know if they have requirements? because one of the things I like about freebitcoin is that, there are no requirements, but the normal thing, after 1000 thousand satoshis is that you can make withdrawals, right? As long as that is maintained, it seems perfect to me.

I don't really understand what you mean, but regarding withdrawal, the minimum withdrawal limit on free bitcoin is 30,000 Satoshi and you can choose the type of withdrawal, from auto which will be sent automatically to your account every weekend if you reach the minimum withdrawal limit, the slow option with a very cheap fee but the time for your funds to enter the wallet will be quite long while another one is instant with a fee that is bigger than slow but the time will be faster, indeed there is no requirement for funds from the faucet but it takes a long time if you only rely on it to reach the minimum withdrawal limit, because you will only get a few satoshis every hour, very different when the early days of freebitcoin appeared because the price of btc was still very cheap so you could get hundreds of satoshi every time you roll it per hour

Maybe he's an old user of freebitcoin so maybe at that time the price of bitcoin was still cheap and the withdrawal limit was still higher in terms of satoshi than at the moment what we see is 30k satoshi, maybe in the past the withdrawal limit was hundreds of thousands of satoshi or more because of the price of bitcoin which was still cheap at that time, because the current bitcoin price was high so to withdraw the minimum was 30k satoshi.

Withdrawal fees are indeed better using low but maybe it will take a long time especially automatically which is also good if you don't want to bother withdrawing withdrawals, transaction fees for instant are also not really instant sometimes waiting for more than 12 hours to process, in my opinion it's just an option anyway Of course, the process will take some time too, but I've been thinking whether one day FreeBitcoin will use the lightning network for bitcoin withdrawals.

[Fivestar4everMVP]

I have not entered freebitcoin for a long time, but the bonuses that are given in freebitcoin are for winning, in the free-roll you always have good bonuses when you bet a lot of money, otherwise there is no other way to get it, now with the free spins, something that I have not been able to enjoy because I have not been active on the platform, for me before freebitcoin had everything well calculated, the bonuses now I do not know if they have requirements? because one of the things I like about freebitcoin is that, there are no requirements, but the normal thing, after 1000 thousand satoshis is that you can make withdrawals, right? As long as that is maintained, it seems perfect to me.

I don't really understand what you mean, but regarding withdrawal, the minimum withdrawal limit on free bitcoin is 30,000 Satoshi and you can choose the type of withdrawal, from auto which will be sent automatically to your account every weekend if you reach the minimum withdrawal limit, the slow option with a very cheap fee but the time for your funds to enter the wallet will be quite long while another one is instant with a fee that is bigger than slow but the time will be faster, indeed there is no requirement for funds from the faucet but it takes a long time if you only rely on it to reach the minimum withdrawal limit, because you will only get a few satoshis every hour, very different when the early days of freebitcoin appeared because the price of btc was still very cheap so you could get hundreds of satoshi every time you roll it per hour

Based on my own personal experience, Ive come to the conclusion that relying on the bitcoin faucet to reach the minimum amount of bitcoin that could be withdrawn is practically, and even technically impossible..
Except the user is lucky enough to roll 9994 and up multiple times, or the user rolls 10,000 which comes with the highest reward.

But like I said, if it's just a regular user is roll 2 Satoshis each hour, it will take several years before the user ever arrive that the minimum withdrawable amount - something I consider impossible, like I've said before.

[TheQuin]

Maybe he's an old user of freebitcoin so maybe at that time the price of bitcoin was still cheap and the withdrawal limit was still higher in terms of satoshi than at the moment what we see is 30k satoshi, maybe in the past the withdrawal limit was hundreds of thousands of satoshi or more because of the price of bitcoin which was still cheap at that time, because the current bitcoin price was high so to withdraw the minimum was 30k satoshi.

The minimum withdrawal has been 30000 sats since the day the site launched. Obviously, it was a lot quicker to get to when the base prize for free rolls was 2000 sats.

Withdrawal fees are indeed better using low but maybe it will take a long time especially automatically which is also good if you don't want to bother withdrawing withdrawals, transaction fees

Withdrawal fees are based on the current network fees that we have to use to get the transactions confirmed. The weekly autowithdraw fee is capped at 300 Sats so you can save money using that when fees are high.

for instant are also not really instant sometimes waiting for more than 12 hours to process, in my opinion it's just an option anyway Of course, the process will take some time too,

Instant withdrawals are sent within 15 minutes unless the account has been flagged as suspicious by our anti-fraud system and I need to manually review it them to see if they are been using a bot/automation or multi-accounting.

but I've been thinking whether one day FreeBitcoin will use the lightning network for bitcoin withdrawals.

It's something I'd like to do but it would be very complex on a large site like this to ensure that channels are always funded and to balance how much of the hot wallet is required on both networks.

[piebeyb]

Maybe he's an old user of freebitcoin so maybe at that time the price of bitcoin was still cheap and the withdrawal limit was still higher in terms of satoshi than at the moment what we see is 30k satoshi, maybe in the past the withdrawal limit was hundreds of thousands of satoshi or more because of the price of bitcoin which was still cheap at that time, because the current bitcoin price was high so to withdraw the minimum was 30k satoshi.

The minimum withdrawal has been 30000 sats since the day the site launched. Obviously, it was a lot quicker to get to when the base prize for free rolls was 2000 sats.

Withdrawal fees are indeed better using low but maybe it will take a long time especially automatically which is also good if you don't want to bother withdrawing withdrawals, transaction fees

Withdrawal fees are based on the current network fees that we have to use to get the transactions confirmed. The weekly autowithdraw fee is capped at 300 Sats so you can save money using that when fees are high.

for instant are also not really instant sometimes waiting for more than 12 hours to process, in my opinion it's just an option anyway Of course, the process will take some time too,

Instant withdrawals are sent within 15 minutes unless the account has been flagged as suspicious by our anti-fraud system and I need to manually review it them to see if they are been using a bot/automation or multi-accounting.

but I've been thinking whether one day FreeBitcoin will use the lightning network for bitcoin withdrawals.

It's something I'd like to do but it would be very complex on a large site like this to ensure that channels are always funded and to balance how much of the hot wallet is required on both networks.

At least I understood and got answers to some of my doubts and almost all of them have been answered by you @TheQuin, thanks for that, I wasn't really worried about withdrawals taking several hours on the instant option, that's because I thought it might need a review manually from the team so I have to wait for that, but at least the withdrawal process doesn't take days and I'm happy with that, I prefer automatic withdrawals with cheaper fees for weekly.

I recently accessed and reactivated on freebitcoin and have only withdrawn bitcoin from there since 2022 even though my account was registered a few years ago so I didn't really see the previous year's minimum withdrawal, but whatever it is, it's nice to hear your answer. 

[babygun]

Based on my own personal experience, Ive come to the conclusion that relying on the bitcoin faucet to reach the minimum amount of bitcoin that could be withdrawn is practically, and even technically impossible..
Except the user is lucky enough to roll 9994 and up multiple times, or the user rolls 10,000 which comes with the highest reward.

But like I said, if it's just a regular user is roll 2 Satoshis each hour, it will take several years before the user ever arrive that the minimum withdrawable amount - something I consider impossible, like I've said before.

Nothing is impossible offcourse but it will take a long while. My minimum free roll is 7 satoshis/hour and if you would not skip any roll, it would take around 178 days to reach the minimum. Nobody is on line every day, but with some luck you roll one of the higher numbers and you have daily a WOF spîn where you can also win some extra satoshis (or RP). The good old days where you would get 100 satoshi or more per free roll are over.

[buwaytress]

Now I don't really bet much on Freebitcoin, but I did want to get a Lambo ticket just before one of the price bets expired. So I dumped 500k sats on the FUN price option. I saw that odds were extremely low at 1.01 but I also saw that there were actually quite a number of other bets on all other options, so I thought, nah you know what, I want that Lambo ticket.

Bet settled today and not even 1 sat profit haha.

I know, I know, commissions and all that but the system "estimate" probably needs to be a lot more accurate than showing 1.01 if it's not even 1.00001, don't you think? Just my heartfelt feedback

[babygun]

Now I don't really bet much on Freebitcoin, but I did want to get a Lambo ticket just before one of the price bets expired. So I dumped 500k sats on the FUN price option. I saw that odds were extremely low at 1.01 but I also saw that there were actually quite a number of other bets on all other options, so I thought, nah you know what, I want that Lambo ticket.

Bet settled today and not even 1 sat profit haha.

I know, I know, commissions and all that but the system "estimate" probably needs to be a lot more accurate than showing 1.01 if it's not even 1.00001, don't you think? Just my heartfelt feedback

That's a massive bet for 0 return lol. But if the odds are advertised at 1.01, you normally would get 5,000 satoshis extra in return. I can understand the bet to get the lambo ticket and the risk was very low, but I still would never bet anymore on these low odds but that's another discussion  .

[wiss19]

I always use the bonus on the RP promo periods, so like on the last weekend it was 5RP promo, I usually just like to do portions. This time I didn't have much time so I only claimed 50k sats.

I see it as more like x50 wager though (because it is x25 of bonus claimed + your equal amount). so if I claim 50k sats I have to wager 2.5m sats or 25 mbtc.

Usually I do more like 100 mbtc wager (claiming 200k sats).

Now I still have almost 6 mbtc in bonus waiting to be claimed. Slowly but surely

That is a good strategy to play only on promo periods and using only the last 2 top prize x4 and x5 RP for every 500 satoshi wagered,the more the amount we wager the better the amount of side benefits as it is a sure thing that with that house edge we will lose all of our balance sooner or later depending on the amount of our bet.

0.006 Bitcoin to be played here in the multiply game at x4 or x5 RP means you are going to get at least x10-x20 that amount wagered and that is 0.06 to 0.12 Bitcoin in wagered amount which gives you great great benefits.

I mean if you are after a "strategy" then I agree that it is a good strategy, but at the same time if we are talking about having fun, then this sucks the fun right out of everything and I honestly hope that it doesn't get there.

I believe that you should always gamble the way you want to gamble and can have the most fun, if this is the way you will have the most fun then you should do that, but that doesn't mean that you should do it because it would be efficient and you would not have fun but you would have the highest chance of making money. That means you are doing something you do not want to do, not having fun, and probably still not making any profit as well, none of those makes any sense to me at all and should be avoided. Only valid advice if it is fun for you.

[Juggy777]

Now I don't really bet much on Freebitcoin, but I did want to get a Lambo ticket just before one of the price bets expired. So I dumped 500k sats on the FUN price option. I saw that odds were extremely low at 1.01 but I also saw that there were actually quite a number of other bets on all other options, so I thought, nah you know what, I want that Lambo ticket.

Bet settled today and not even 1 sat profit haha.

I know, I know, commissions and all that but the system "estimate" probably needs to be a lot more accurate than showing 1.01 if it's not even 1.00001, don't you think? Just my heartfelt feedback

@buwaytress if my assumption is correct then you wagered at the very end and that’s where Freebitco differs from other gambling sites i.e. their time weight multiplier is kinda complicated because once I had wagered a small amount and the calculator showed me a higher amount  but after winning the amount was very less and that’s when I understood it’s a totally different concept. Furthermore I’m not complaining because it’s yet a fun way to gamble and the more early start you have the better and for next time try wagering early for higher returns.

[LUCKMCFLY]

Things at freebitco.in have changed a lot, it could be said that now Freebitco.in shines much more for not having the ZERO KYC requirement, and that is something that gives it an advantage over any casino, because the acceptance it has the platform is beastly.

This is the most superior thing about freebitcoin ZERO KYC, after running yearly whether freebitcoin has reached a decade, freebitcoin has never changed to become a casino that requires KYC, we see many casinos change and require their players to do KYC and often players are forced to do it because there are funds stored there, but because freebitcoin only has one casino game so only those who like dice will remain loyal to play here, but freebitcoin is the most consistent gambling site with its faucets because many gambling sites have finally stopped their faucet services but freebitcoin has never do it.

This is what many people have been on this Site , and they have not lost their North, After they Placed the sports bets I Thought that they were going to change everything to put Kyc, but it's great, they have always been Loyal to what They have always had, usually when we see that a casino who has a good reputation and does not demand KYC is like that treasure that is rarely there , However when in 2017 I began in the world of casinos Offered us the annual Profitability , and even in Freeebitco.In if a good Balance gives Rentable, these things + Faucet are what Make all Users a love to this casino.

Now, when we Compare with other casinos that have more games, I think that is the reason which has no requirement of KYC, the more games, the more game suppliers because the demand is greater.



I will always have a good idea of freebitco.in, since now many players have options to have enough chances to win, personally I can say that I know many strategies to multiply, but I would like to have a lot of balance to be able to apply them, when there are a very small balance is easy for it to go away, and it has nothing to do with the martingale strategy that is so well known but it is a reckless strategy, my strategies consist of using multipliers up to 7x and not stopping until I see a profit, of course I put a multiplier of 7x, I would bet 1 sats at least 10 times and there I start to increase it, it is similar to a martingale but not completely, that is why I need to apply it with a very good balance, it is dangerous, yes, but I think that these cases The risks must be taken with great measure.

[STT]

Crypto has no official worth, there is no backing especially no guaranteed price just free market determination so its just highly informal personal attribution to a price.   It happens to be fungible so it resembles many other markets but we could be sitting here swapping marbles in theory and nobody would be arguing well we really need more paperwork on this or its not right.  

I always liked the long odds, a certain thing is boring and to me as said its not profitable.  I think if you bet a high amount maybe the site gives cashback or you might get a bonus of some kind for placing high bets ?    That might be the less obvious reason that participants have decided on those odds which dont exactly appeal on the face of it.
   I know one thing, free market determined prices and just general evolution of a product is way more exciting and fluid then the government nonsense that occurs, fixed prices, political agendas really promotes failure over enterprise and its mistakes which have been repeated decades even over centuries yet we keep doing it.  I hope BTC never gets twisted into that system, it would be a sad day.

[buwaytress]

That's a massive bet for 0 return lol. But if the odds are advertised at 1.01, you normally would get 50,000 satoshis extra in return. I can understand the bet to get the lambo ticket and the risk was very low, but I still would never bet anymore on these low odds but that's another discussion  .

I knew the risk. The sats I have on this site are what I'd call "free money". Just sitting there for fun and to try get that GT just putting in a ticket or so every draw.

That's not why I made that post. My point is, the estimate is a wee bit misleading

@buwaytress if my assumption is correct then you wagered at the very end and that’s where Freebitco differs from other gambling sites i.e. their time weight multiplier is kinda complicated because once I had wagered a small amount and the calculator showed me a higher amount  but after winning the amount was very less and that’s when I understood it’s a totally different concept. Furthermore I’m not complaining because it’s yet a fun way to gamble and the more early start you have the better and for next time try wagering early for higher returns.

I get it. I think I put my bet in with 6+ days to go. Even with the estimate and the time/weight multiplier (which was positive), I expected a large margin of error in the calculation. But zero sats from an estimated 5,000 sats is not even 0.02% of the estimate -- that, really, is all I'm pointing out

I'm not complaining, consider this goodwill feedback.

[Saint-loup]

Now I don't really bet much on Freebitcoin, but I did want to get a Lambo ticket just before one of the price bets expired. So I dumped 500k sats on the FUN price option. I saw that odds were extremely low at 1.01 but I also saw that there were actually quite a number of other bets on all other options, so I thought, nah you know what, I want that Lambo ticket.

Bet settled today and not even 1 sat profit haha.

I know, I know, commissions and all that but the system "estimate" probably needs to be a lot more accurate than showing 1.01 if it's not even 1.00001, don't you think? Just my heartfelt feedback

@buwaytress if my assumption is correct then you wagered at the very end and that’s where Freebitco differs from other gambling sites i.e. their time weight multiplier is kinda complicated because once I had wagered a small amount and the calculator showed me a higher amount  but after winning the amount was very less and that’s when I understood it’s a totally different concept. Furthermore I’m not complaining because it’s yet a fun way to gamble and the more early start you have the better and for next time try wagering early for higher returns.

It could also be because they haven't sent winnings to his account yet when he looked at it this morning. I've placed a bet on this range too and I got few winnings. Unfortunately I bet on other ranges too, so it's a losing bet on overall for me, but I didn't get 0 winnings for this range.

[arallmuus]

I've placed a bet on this range too and I got few winnings. Unfortunately I bet on other ranges too, so it's a losing bet on overall for me, but I didn't get 0 winnings for this range.

Well its around 2% of winnings for your bet there so that should be around 1.02 odds. Totally a bad bet if you ask me but considering all that lambo tickets that you got from this, its kinda worth it at some point but meh I wouldnt be betting $1800+ on 1.02 ever I guess

Kinda wondering if you actually got all that from freebitco.in?I mean if I got all that from this site then I guess losing it somehow while wagering it here wouldnt really make me feel bad about myself later on

[Saint-loup]

Why do you think 1.02 or 1.01 were bad odds for this range? You were afraid to see the price going under $0 ?   If odds were so small it's because most of other bettors also thought it was a risk-free bet. And I think we were right since the winning outcome has been this one at the end. 2% or 1% in few weeks, which safe investment gives you that?
Unfortunately I had placed a bet on an upper range, with a smaller amount though, that's what I regret even if it would have covered me, not to have bet on this range with such odds.

[arallmuus]

Why do you think 1.02 or 1.01 were bad odds for this range? You were afraid to see the price going under $0 ?   If odds were so small it's because most of other bettors also thought it was a risk-free bet. And I think we were right since the winning outcome has been this one at the end. 2% or 1% in few weeks, which safe investment gives you that?

Well in this case since you get lambo tickets, then its just decent I guess but without it I think its bad. You need to win 50 times @1.02 odds to get double amount of the stake that you used to bet and you lose all of it if shit happens. Well in most case scenario, its pretty rare for shit to happens in 1.01 or 1.02 odds bet but its gambling though, shit always happens when you least expected it

[TheQuin]

Now I don't really bet much on Freebitcoin, but I did want to get a Lambo ticket just before one of the price bets expired. So I dumped 500k sats on the FUN price option. I saw that odds were extremely low at 1.01 but I also saw that there were actually quite a number of other bets on all other options, so I thought, nah you know what, I want that Lambo ticket.

Bet settled today and not even 1 sat profit haha.

I know, I know, commissions and all that but the system "estimate" probably needs to be a lot more accurate than showing 1.01 if it's not even 1.00001, don't you think? Just my heartfelt feedback

It takes some time for the payout script to run and then the cache needs to update again to show your winnings. I think you looked at that after it was marked as paid out but before your payout was reflected.

[piebeyb]

Why do you think 1.02 or 1.01 were bad odds for this range? You were afraid to see the price going under $0 ?   If odds were so small it's because most of other bettors also thought it was a risk-free bet. And I think we were right since the winning outcome has been this one at the end. 2% or 1% in few weeks, which safe investment gives you that?

Well in this case since you get lambo tickets, then its just decent I guess but without it I think its bad. You need to win 50 times @1.02 odds to get double amount of the stake that you used to bet and you lose all of it if shit happens. Well in most case scenario, its pretty rare for shit to happens in 1.01 or 1.02 odds bet but its gambling though, shit always happens when you least expected it

If you bet with little money, maybe 1.01 or 1.02, you won't get satisfactory results, that's why it should be with big money, you can get enough results, but with a high level of risk, although in the end you rarely find failure, but this has been discussed in this forum. also about betting Odss 1.01 or 1.02 where people bet for 1 million dollars on sports and then lose.

Broadly speaking, it is unlikely that there will be a drastic downward price movement on FUN tokens, but all possibilities can happen if in the end there is such a surprise. For me personally, of course, I will avoid this kind of bet with small odds because I am a small gambler who bets with small money but prefer higher Odds on betting predictions. Even if you lose, there's no problem because I understand part of the risk and let's just say I haven't been lucky.

[Saint-loup]

If you bet with little money, maybe 1.01 or 1.02, you won't get satisfactory results, that's why it should be with big money, you can get enough results, but with a high level of risk, although in the end you rarely find failure, but this has been discussed in this forum. also about betting Odss 1.01 or 1.02 where people bet for 1 million dollars on sports and then lose.

Broadly speaking, it is unlikely that there will be a drastic downward price movement on FUN tokens, but all possibilities can happen if in the end there is such a surprise. For me personally, of course, I will avoid this kind of bet with small odds because I am a small gambler who bets with small money but prefer higher Odds on betting predictions. Even if you lose, there's no problem because I understand part of the risk and let's just say I haven't been lucky.

I agree with you, betting on small odds without large amounts don't give interesting winnings usually, especially if you have to take into account external costs like transaction fees for sending the funds and withdrawal fees for withdrawing your winnings if your bet wins. And if you try to check what the Kelly criterion strategy would recommend for those odds, the amounts are usually so scary that even high rollers advise against following it for such bets. So usually, I avoid this kind of odds but this time I don't why, I was really confident in the result.