Mahdirakib
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In Search of Incredible
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September 21, 2023, 05:38:21 PM |
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Checking the betting section, France will play against Namibia in Rugby world cup today. The prize pool of this event has already reached above 14 BTC. People are still placing bets on France, and the outcome odds is 1× for France. 100% of the betting amount have been placed on France. I'm wondering how the house of Freebitco will make profits if they give the full amount (almost 100%) back to the bettors based on the 1× odds.
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hosseinimr93
Legendary
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Activity: 2506
Merit: 5561
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September 21, 2023, 05:59:47 PM |
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I'm wondering how the house of Freebitco will make profits if they give the full amount (almost 100%) back to the bettors based on the 1× odds.
Those who have bet on France winning will get back their own fund and the house profit will come from the fund some people have bet on Namibia winning or draw. Not all people have bet on France winning. Till now, there have been 1,434 bets on Namibia winning and 1,053 bets on draw. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F21%2F6OC8T.jpeg&t=665&c=j7ewvJvdTvWhVQ)
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iv4n
Legendary
Online
Activity: 3234
Merit: 1178
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September 21, 2023, 07:28:32 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F21%2F6WLmC.png&t=665&c=ikXIl6Yuzu9QBw) That one Golden Ticket has a chance to bring Lambo! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not all people have bet on France winning. Till now, there have been 1,434 bets on Namibia winning and 1,053 bets on draw.
It will be interesting if Namibia wins. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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STT
Legendary
Online
Activity: 4004
Merit: 1435
☠ ☠ ☠ メメ
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September 21, 2023, 11:59:30 PM |
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Ironic, makes no sense to bet the odds on France only take a small chance of draw perhaps or underdog win. I would balance those nice odds with a little bet, doesnt take much to win a decent amount. Consider it a fun bet, anything can happen. The other factor not shown is time correction, some bets will add something for betting early isnt that right so in this case will some people gain from early on going for France ? Its not a type of profit shown outright but I often get that bonus on the BTC monthly bet for example. Workings not shown, from what I remember its worth having but I dont know when this bet opened. I used up lots of spins recently also, but by accident. Think I was looking elsewhere for a second misclicked, not in the thousands like you have. Took some time to use up which I like :p no golden ticket for me but it was a clear 'profit' of sorts as I got several of the thousands tier reward which usually makes it a good roll comparatively. Price was ascending nicely for some days, its taking a sit down for the moment we'll see if it gets back up or falls off the chair ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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babygun
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September 22, 2023, 02:15:50 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F21%2F6WLmC.png&t=665&c=ikXIl6Yuzu9QBw) That one Golden Ticket has a chance to bring Lambo! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Thanks for sharing the results iv4n and not a bad end result at all. You won 1 golden ticket and more satoshis and RP than lottery tickets! You must be closr to the 100k also for RP? Do you exchange it immediately when you reach it?
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danadc
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September 22, 2023, 02:26:24 AM |
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Ironic, makes no sense to bet the odds on France only take a small chance of draw perhaps or underdog win. I would balance those nice odds with a little bet, doesnt take much to win a decent amount. Consider it a fun bet, anything can happen. The other factor not shown is time correction, some bets will add something for betting early isnt that right so in this case will some people gain from early on going for France ? Its not a type of profit shown outright but I often get that bonus on the BTC monthly bet for example. Workings not shown, from what I remember its worth having but I dont know when this bet opened. I used up lots of spins recently also, but by accident. Think I was looking elsewhere for a second misclicked, not in the thousands like you have. Took some time to use up which I like :p no golden ticket for me but it was a clear 'profit' of sorts as I got several of the thousands tier reward which usually makes it a good roll comparatively. Price was ascending nicely for some days, its taking a sit down for the moment we'll see if it gets back up or falls off the chair ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Well, I'm seeing that the best option is France, I don't know much, but it's not like I'm an expert either, I like France and I think it may be a better option so far, and to take advantage of it, I have hardly made many bets on freebitcoin in the platform, there has always been a player in the normal mode of multiplying bitcoin lops, but it is a good opportunity, if I debut by making the first bet on sports here and win, then it would be very good, but it does not matter that I have my first experience, even though I have For many years on Freebitcon I have not made any bets on the platform, I feel that it is possible, although from what I have seen it is something that could be good.
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dwyane36
Legendary
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Activity: 2968
Merit: 2117
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 22, 2023, 08:06:26 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F21%2F6WLmC.png&t=665&c=ikXIl6Yuzu9QBw) That one Golden Ticket has a chance to bring Lambo! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you consider the probability of winning these prizes from the Wheel of Fortune, then on average, you could expect about three golden tickets for that number of spins. However, the result you got also looks good because the lack of gold tickets was compensated by winning a sufficient number of sats, RP, as well as tickets for the weekly lottery.
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iv4n
Legendary
Online
Activity: 3234
Merit: 1178
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September 22, 2023, 08:15:46 AM |
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...
Thanks for sharing the results iv4n and not a bad end result at all. You won 1 golden ticket and more satoshis and RP than lottery tickets! You must be closr to the 100k also for RP? Do you exchange it immediately when you reach it? I cashed out 140k RPs: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F22%2F6qwRz.png&t=665&c=99oGdeeatiGKzQ) I didn't want to start from zero again, so I left this... Usually, I get to +100k after spinning a few thousand WoF's. It's better to cash it out and gamble with it, or get interest on BTC. We can't do much with RPs, I don't like to exchange them for WoF spins. I guess I will need months before the next cashing out.
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piebeyb
Legendary
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Activity: 2380
Merit: 1038
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September 22, 2023, 10:42:10 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F21%2F6WLmC.png&t=665&c=ikXIl6Yuzu9QBw) That one Golden Ticket has a chance to bring Lambo! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) No one knows about luck, the lottery is just a game of luck, even if you only have one ticket, you can definitely get a chance to win a Lambo, even though the chance is very small, that doesn't mean you don't have a chance, at least we have the chance to have one ticket which is more than enough. sometimes having a lot of tickets doesn't necessarily mean you'll get that win. I think maybe being able to get more than one gold ticket would also be even better to increase your chances of winning Lambo, Btw the WOF collection is good and that's a large amount of RP. It seems like you often get RP too, that's good for adding other benefits, but unfortunately for RP exchange to BTC at least 100k RP, hoping that 10k RP can be exchanged for BTC in the future
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freebitco.in PR
Copper Member
Member
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Offline
Activity: 1484
Merit: 23
freebitco.in Official PR Account
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September 22, 2023, 11:01:58 AM |
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5X Reward Points (RP) promotion is LIVE!Head to our Rewards page and explore a treasure of options like iPhones, Hardware Wallets, Gift Cards, Free BTC, and much more... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fsirv.freebitco.in%2F1695380364_Lsgdeqmf.png&t=665&c=qUSOteJo4x2q5g)
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slaman29
Legendary
Offline
Activity: 2744
Merit: 1250
Livecasino, 20% cashback, no fuss payouts.
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September 22, 2023, 11:16:12 AM |
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iv4n nice share, very comparable results to me when I rolled all of my WoF spins. Good luck with the lottery at least, and yes you never know about that GT luck too ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Just saw the notification about 6 hours of flash promo is underway. I quickly used my eligible bonus amount and hard-earned money to wager around 0.00766500 Bitcoin and reserved a slot in TIER 2.
I miss this flash promo man. I received it many times in the past but most of them came when I slept so all in all I only managed to take twice (maybe 3 times max). I always go for max rewards though, feels a waste to not get all those tickets ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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so98nn
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 22, 2023, 12:18:07 PM |
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I'm wondering how the house of Freebitco will make profits if they give the full amount (almost 100%) back to the bettors based on the 1× odds.
Those who have bet on France winning will get back their own fund and the house profit will come from the fund some people have bet on Namibia winning or draw. Not all people have bet on France winning. Till now, there have been 1,434 bets on Namibia winning and 1,053 bets on draw. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F21%2F6OC8T.jpeg&t=665&c=j7ewvJvdTvWhVQ) They are done. What a terrific results. France-96 and Namibia-0 Makes sense why the odds were crazy like that. Lolz. I believe most of the gamblers who bet on France might have bet in the hope of getting more RP and LT or maybe GT if that's also given when placing the bets. The base prize also increases so that is another freebie that these users are going to get. The prize pool went up to 16 BTC by the end of the bet timer. That is one of the greatest pools we might have seen by now. So next time these two teams are playing, just close eyes and bet on France to increase other freebie rewards. Lolz.
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FanEagle
Legendary
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Activity: 2954
Merit: 1123
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September 22, 2023, 01:08:29 PM |
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I might be tempted to get 1k tickets before round end but let's see ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I do wish to get that many golden tickets myself one day, but I do not gamble that much and I wouldn't be able to afford getting that many tickets by purchasing them, I mean I could but that would mean that all of my money would have to go to golden tickets that I made from affiliate income and I rather keep them for now lol. I do gamble a bit with my money, but usually I do not end up with a lot, at most something like 18 tickets if I remember correctly, that was my highest ever when gambling. Hopefully, one day I will get some big return so that I can gamble much larger and keep on losing more and more but that doesn't mean that I am going to end up with something that would be a lot more troublesome in the future.
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Mahdirakib
Legendary
Offline
Activity: 2016
Merit: 1036
In Search of Incredible
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September 22, 2023, 05:38:02 PM |
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~ and the house profit will come from the fund some people have bet on Namibia winning or draw. Not all people have bet on France winning. Till now, there have been 1,434 bets on Namibia winning and 1,053 bets on draw.
The number of bets on the draw and Namibia was noticeable, but the amount was less than 1%, which was used by the bettors on those two outcomes. The house wasn't able to generate profit if we consider the given reward points and golden tickets value for the total betting amount. The time weight multiplier has no impact in the event if the both early bettors and late bettors have received the payout on 1× multiplier, isn't it?
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hosseinimr93
Legendary
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Activity: 2506
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September 22, 2023, 07:10:00 PM Last edit: September 22, 2023, 09:21:26 PM by hosseinimr93 |
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The time weight multiplier has no impact in the event if the both early bettors and late bettors have received the payout on 1× multiplier, isn't it?
If a user has bet very early when the time weight multiplier was at 100, his/her bet should have a weight of 200% and should get twice the a user who bet the same amount of money on France very late when the time weight multiplier was at 0. This means that the users who bet early should make profit and the users who bet late should lose some money even if they have bet on France, since those who have bet early should get a bigger share from the prize pool. Please correct me, if you think I am wrong. It's not fair to lose money despite betting on the winning side.
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Saint-loup
Legendary
Offline
Activity: 2716
Merit: 2408
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September 22, 2023, 08:47:37 PM |
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The time weight multiplier has no impact in the event if the both early bettors and late bettors have received the payout on 1× multiplier, isn't it?
If a user has bet very early when the time weight multiplier was at 100, his/her bet should have a weight of 200% and should get twice the a user who bet the same amount of money on France very late when the time weight multiplier was at 0. This means that the users who bet early should make profit and the users who bet late should lose some money even if they have bet on France, since those who have bet early should get a bigger share from the prize pool. Please correct me, if you think I am wrong. It's not fair to lose money even if you have bet on the winning side. Usually, even when odds are 1.00 you still get winnings because it's rounded and the other outcomes have never 0 sats on their side. Even if you bet lately. Here the pool is exceptionally very unbalanced, it must be one of the first time we see such amount on one outcome. A high roller has obviously decided to bet 15 BTC+ on this outcome, so maybe what you say will happen (to be verified), but personally I've never got less money than what I bet on a winning outcome even for late 1.00 bets.
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slaman29
Legendary
Offline
Activity: 2744
Merit: 1250
Livecasino, 20% cashback, no fuss payouts.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 23, 2023, 09:23:59 AM |
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You know what's strange yesterday? I posted about how Flash promos come late my time, and right after that FBC gods listened because one fell into my account rightaway! Now I officially have over 1k GTs hehe ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fdf487RK%2Fimage.png&t=665&c=qy00YxSjeSqWzw) I might be tempted to get 1k tickets before round end but let's see ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I do wish to get that many golden tickets myself one day, but I do not gamble that much and I wouldn't be able to afford getting that many tickets by purchasing them, I mean I could but that would mean that all of my money would have to go to golden tickets that I made from affiliate income and I rather keep them for now lol. I do gamble a bit with my money, but usually I do not end up with a lot, at most something like 18 tickets if I remember correctly, that was my highest ever when gambling. Hopefully, one day I will get some big return so that I can gamble much larger and keep on losing more and more but that doesn't mean that I am going to end up with something that would be a lot more troublesome in the future. So how do you wish for something that you can't get for not doing enough? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Like if you buy lottery you can wish to win it, but if you gamble just a bit, then you know you can't get 1k GTs:P But JK I know how it feels. 18 tickets is great too. Might as well go for one ticket and wish it wins OR wait patiently for Flash Promo. GL, you never know right?
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Synchronice
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 23, 2023, 10:58:27 AM |
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I cashed out 140k RPs: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F22%2F6qwRz.png&t=665&c=99oGdeeatiGKzQ) I didn't want to start from zero again, so I left this... Usually, I get to +100k after spinning a few thousand WoF's. It's better to cash it out and gamble with it, or get interest on BTC. We can't do much with RPs, I don't like to exchange them for WoF spins. I guess I will need months before the next cashing out. Reward points are only beneficial if you are a person who dedicated 24 hours to freebitco free rolls. How long did it took you to collect 140K Reward Points? If I were you, I would collect up to 442K to redeem $100 amazon gift card but if you don't have a lot of active referrals, it's really boring. You know what's strange yesterday? I posted about how Flash promos come late my time, and right after that FBC gods listened because one fell into my account rightaway! Now I officially have over 1k GTs hehe ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fdf487RK%2Fimage.png&t=665&c=qy00YxSjeSqWzw) Where did you see this banner? I mean 6 hour flash promo, I can't see that anywhere. Is that personal promotion? I don't really know much about freebitco, I just registered here some days ago and deposited some coins but yesterday I already got multiply btc bonus which is a good amount to be honest.
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UserU
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September 23, 2023, 03:15:27 PM |
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100 Golden tickets? Damn, that's so nice.
Sadly I missed out on the promo, had no idea it happened.
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Juggy777
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 23, 2023, 03:31:42 PM |
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I cashed out 140k RPs: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F22%2F6qwRz.png&t=665&c=99oGdeeatiGKzQ) I didn't want to start from zero again, so I left this... Usually, I get to +100k after spinning a few thousand WoF's. It's better to cash it out and gamble with it, or get interest on BTC. We can't do much with RPs, I don't like to exchange them for WoF spins. I guess I will need months before the next cashing out. Reward points are only beneficial if you are a person who dedicated 24 hours to freebitco free rolls. How long did it took you to collect 140K Reward Points? If I were you, I would collect up to 442K to redeem $100 amazon gift card but if you don't have a lot of active referrals, it's really boring. You know what's strange yesterday? I posted about how Flash promos come late my time, and right after that FBC gods listened because one fell into my account rightaway! Now I officially have over 1k GTs hehe ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fdf487RK%2Fimage.png&t=665&c=qy00YxSjeSqWzw) Where did you see this banner? I mean 6 hour flash promo, I can't see that anywhere. Is that personal promotion? I don't really know much about freebitco, I just registered here some days ago and deposited some coins but yesterday I already got multiply btc bonus which is a good amount to be honest. @Synchronice I don’t think that anyone collects RPs 24*7 now because one has better chances of earning them with WoF hence I feel that it’s a smart strategy of cashing them out as soon as possible. @slaman29 where was this banner posted and is it available for all members or does one need to wager big to qualify for this because I have not see this before so can you share all relevant details about this?
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