Mahdirakib
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Activity: 1918
Merit: 1010
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: 2380
Merit: 5235
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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
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Activity: 2604
Merit: 2352
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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
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Activity: 2632
Merit: 1212
Livecasino, 20% cashback, no fuss payouts.
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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 I might be tempted to get 1k tickets before round end but let's see 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? 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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September 23, 2023, 10:58:27 AM |
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I cashed out 140k RPs: 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 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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September 23, 2023, 03:31:42 PM |
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I cashed out 140k RPs: 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 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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Mahdirakib
Legendary
Offline
Activity: 1918
Merit: 1010
In Search of Incredible
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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
Generally, it should work like that as the way you have described above. I had some confusions about the time weight multiplier shared prize pool system too. But it is clear now after finding out one of the old replies of TheQuin. So with this system, there's a chance you will lose some of your wager and make a loss even if you won the bet due to the cut being taken?
No. The stake is returned to all winners first and then the amount bet on the other outcomes minus the rake is the prize pool that is shared. In the event that almost all the bets are on the same outcome, we just reduce the rake to ensure everyone still wins something. This is the reason we don't receive less than the amount which we stake, even the bet with 0× time weight multiplier return the staked amount if the outcome odds is 1×. It means Freebitco sacrifice the house profit when betting events like France and Namibia happens.
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LTU_btc
Legendary
Offline
Activity: 3052
Merit: 1330
Slava Ukraini!
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September 23, 2023, 05:36:03 PM |
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It's been a while since I won something big from WoF spins and now it finally happened: Offcourse, BTC or lottery tickets would be better, but anyway, not bad . 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.
I'm not aware about this promo too, though I'm old time member here. Checked email and didn't found anything. Sad that I missed it.
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STT
Legendary
Online
Activity: 3906
Merit: 1413
Leading Crypto Sports Betting & Casino Platform
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September 23, 2023, 07:50:08 PM |
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I didnt see any 6 hour flash promo. If you have recently been betting on the site sometimes it will choose to send out a promotion especially. I got the thousands reward in BTC recently and also the email free spin got me RP in hundreds, wish it was a bit more often but Ive been fairly lucky recently. BTC isnt really trending up at present, it was doing ok for a while above weekly average, now its sideways or taking a breather till next week perhaps. I'll wait and see on that one basically, obviously 30k would be ok too.
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FinneysTrueVision
Sr. Member
Online
Activity: 1652
Merit: 363
Top Crypto Casino
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September 23, 2023, 08:54:19 PM |
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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://i.ibb.co/df487RK/image.pngWhere 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. Reaching 442k reward points could take years for average users. Even when it was easier to get bigger rewards it would take me several months to reach 100k. Now I just trade my RP for the FUN token bonus which isn't the most cost efficient way to spend them but it helps a bit toward reaching the next premium tier. I've gotten the flash promo offer a few times sent to my email. It's been many months since I last received it so I don't remember what triggered it but I'm certain it has to do with wagering.
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Saint-loup
Legendary
Offline
Activity: 2604
Merit: 2352
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September 23, 2023, 09:50:51 PM Last edit: September 24, 2023, 05:35:31 PM by Saint-loup |
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So with this system, there's a chance you will lose some of your wager and make a loss even if you won the bet due to the cut being taken?
No. The stake is returned to all winners first and then the amount bet on the other outcomes minus the rake is the prize pool that is shared. In the event that almost all the bets are on the same outcome, we just reduce the rake to ensure everyone still wins something. This is the reason we don't receive less than the amount which we stake, even the bet with 0× time weight multiplier return the staked amount if the outcome odds is 1×. It means Freebitco sacrifice the house profit when betting events like France and Namibia happens. I wonder what they've done with the rake for this case, because the stake was huge, if the guy had the cash back from the FUN token premium membership program, with the RPs and lottery tickets, along with the daily jackpot, in addition to the winnings he got, it could have been a rather good investment for him at the end, if he could afford an unexpected loss though.
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babygun
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September 23, 2023, 10:12:29 PM |
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I cashed out 140k RPs: 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. Thanks iv4n! I do the same, every time I hit the 100k mark (I think maybe pne year purely thanks to the WOF spins), I always cash them out to get some more interest. Before, I would sometimes exchange them for a free roll bonus but nowadays to busy with work so not a lot of time to really be active.
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TheQuin
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September 24, 2023, 03:12:43 AM |
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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. We don't make any profit in this case unless there is an upset and the longshot wins. Ironic, makes no sense to bet the odds on France~
I think someone was just trying to buy the daily jackpot. However unlikely an upset was that was still a huge risk to take for a small gain.
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piebeyb
Legendary
Offline
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
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September 24, 2023, 06:50:56 AM |
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It's been a while since I won something big from WoF spins and now it finally happened: Offcourse, BTC or lottery tickets would be better, but anyway, not bad . Congrats, not long ago I also got that prize, collecting more RP is also quite good, especially if the RP is collected up to 100k and exchanged for 100k satoshi it would be more fun, but I don't do that because I often exchange RP for a 1000% free spin bonus every time hours so it is more beneficial for me to get BTC faster from this site or buy a lot of FUN for stock. Forget the WOF main prize and of course no one is expecting the main prize because it is difficult to get the main prize even though we have lots of WOF to spin, some people may have spun all their WOF and there is not a single main prize there, I think it's better to spin it every day instead of collecting them so that when I get RP rewards I can exchange them for free spin bonuses every hour to collect BTC faster.
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Generalzod580
Member
Offline
Activity: 96
Merit: 12
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September 24, 2023, 11:22:28 AM |
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Hey Quinn is there a way to know if my account doesn't have any flags like up issues with freebitco because i'm really enjoying locking up my funtokens and I want to be sure my account is on good terms with freebitco cuz in the past I used the same wifi with others for freebitco.
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slaman29
Legendary
Offline
Activity: 2632
Merit: 1212
Livecasino, 20% cashback, no fuss payouts.
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September 24, 2023, 12:11:59 PM |
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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.
I've gotten the flash promo offer a few times sent to my email. It's been many months since I last received it so I don't remember what triggered it but I'm certain it has to do with wagering. I was replying to someone who got that flash promo, and it's been talked about before. Random. I've got it several times in a row, and then not for 6-9 months, and yesterday again. I don't really change habits. Wager randomly. @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?
Wait, I'm surprised you've been around for years and never saw this? I've spoken about it several times. It's random, only last for 6 hours so if you see it in email or on top of your FBC page, finish the wager before timer runs out and get the rewards. 50k sats for Tier 1. Easy.
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so98nn
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September 24, 2023, 12:22:53 PM |
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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.
I've gotten the flash promo offer a few times sent to my email. It's been many months since I last received it so I don't remember what triggered it but I'm certain it has to do with wagering. I was replying to someone who got that flash promo, and it's been talked about before. Random. I've got it several times in a row, and then not for 6-9 months, and yesterday again. I don't really change habits. Wager randomly. @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?
Wait, I'm surprised you've been around for years and never saw this? I've spoken about it several times. It's random, only last for 6 hours so if you see it in email or on top of your FBC page, finish the wager before timer runs out and get the rewards. 50k sats for Tier 1. Easy. It’s random? So you mean it’s not available to every user registered on the freebitcoin? If that’s true then I was one of the luckiest to receive this promo. I have also published my results on the same day I played the flash promo and went upto Tier 2 wagering requirement. Makes sense why nobody was not about it much because it was easy and the rewards were really really high. I grabbed 12 GT in the process and 250 LT plus RP. I think it was amazing promo for the cost involved. However, I am still wondering that it’s just temporary and not available for everyone. I also have no idea what might have triggered it for my account. May be everyday loyal visits? :-p
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Synchronice
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September 24, 2023, 02:18:50 PM |
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As I see, there is a big bonus on free rolls that declines after each role. There is a percentage bar that says 70.69% achieved towards the next +0.00000008 BTC bonus!. There are two ways to increase this but my focus is on play jackpots with Multiply BTC. There are five cost options to win jackpot, that starts from 2 satoshi and goes up to 12,500 satoshi for each roll. In order to increase my free roll reward, does the quantity of multiply btc with jackpot matter or does cost for jackpot increases my percentage more for increased free rolls?
By the way, I have been rolling lots of coins with multiply BTC + jackpot but this bar increases so slowly that there is no hope for it to reach 100 ever. Each free roll also dramatically decreases this percentage.
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UserU
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September 24, 2023, 03:28:22 PM |
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In order to increase my free roll reward, does the quantity of multiply btc with jackpot matter or does cost for jackpot increases my percentage more for increased free rolls?
Jackpot costs remain the same. You just have to bet on the multiplier and matches
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