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[Juggy777]

As it was written earlier, there is a rule point in which it is clearly written that it is not allowed to use the site for money laundering. However, it seems that Freebitcoin is too loyal in this regard, as the site actually has no restrictions for such things. Correct me if I'm wrong, but many other gambling sites freeze funds and require wagering a portion of the deposit to protect themselves from "dirty" money.

I think that Freebitco.in is a bit user friendly in here but most of the people who deposit money in the site use them in the site,they buy FUN tokens or wager some money and that is why Freebitco.in so far is a bit careless in this regard.

I also suggest that they put some wagering requirements in place in order to better protect themselves from the possibility of money laundering through this site,however that would not change anything as people with patience can still do that,they can buy FUN tokens and sell them later for a much higher price then withdraw the money.

Wagering requirements would be fine as long as it is not a huge amount, not all of us could gamble a lot of money, something as small as maybe 100 dollars would be fine, anything more than that and it becomes something of an issue. However, if you are a person who wants to launder money, you would be willing to risk that much as well, it is not even "losing" 100 dollars, it is just wagering it, they could just find a way to limit the losses they could have as well.

So when you look at it, the options there would be either making the people who are fairly using this place be upset that it is too high, or make it low enough that money laundering people do not even care about it. There is no win in that regard and would not work at all. I suggest keeping it like this and just checking people who deposit a ton of money, that would mean if someone deposits a ton and wants to withdraw without doing anything at all, like withdraw instantly, that could be a red flag to check out and they could see who tries to do that.

@tygeade I don’t think that they’ll ever implement this as it’ll upset their core user’s but I’m also certain that they would have thought about this issue and would have certain mechanisms that deal with money laundering. Furthermore in a hypothetical scenario even if they wished to keep minimum wager of $100 I strongly feel that many people would object to it and for those who launder big money wagering $100 would not be a big deal hence this strategy is not full proof at all.

[Synchronice]

As it was written earlier, there is a rule point in which it is clearly written that it is not allowed to use the site for money laundering. However, it seems that Freebitcoin is too loyal in this regard, as the site actually has no restrictions for such things. Correct me if I'm wrong, but many other gambling sites freeze funds and require wagering a portion of the deposit to protect themselves from "dirty" money.

I don't know what motivates you to post this. Many gambling websites probably require wagering to withdraw in order to make it difficult for gamblers to withdraw their money and not because to get rid of money laundering. Please, can you explain, how can wagering decrease the chance of money laundering? Oh, they won't deposit money because they'll be afraid to lose? What if money launderer is an active gambler too? Sounds funny? And what about people who deposited money but realized that they aren't winning and it's better to stop and withdraw immediately? No? Should we help them to develop gambling addiction? Wagering doesn't make money cleaner and casinos can ask for KYC in case they suspect something. I hope that Freebitco will never ask for wagering to let you withdraw deposited money.

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[Fivestar4everMVP]

As it was written earlier, there is a rule point in which it is clearly written that it is not allowed to use the site for money laundering. However, it seems that Freebitcoin is too loyal in this regard, as the site actually has no restrictions for such things. Correct me if I'm wrong, but many other gambling sites freeze funds and require wagering a portion of the deposit to protect themselves from "dirty" money.

I don't know what motivates you to post this. Many gambling websites probably require wagering to withdraw in order to make it difficult for gamblers to withdraw their money and not because to get rid of money laundering. Please, can you explain, how can wagering decrease the chance of money laundering? Oh, they won't deposit money because they'll be afraid to lose? What if money launderer is an active gambler too? Sounds funny? And what about people who deposited money but realized that they aren't winning and it's better to stop and withdraw immediately? No? Should we help them to develop gambling addiction? Wagering doesn't make money cleaner and casinos can ask for KYC in case they suspect something. I hope that Freebitco will never ask for wagering to let you withdraw deposited money.

Lets just say that freebitco have always taken a different approach, an approach to the gambling casino business that is quite different from the approach that other gambling casinos are or have taken. first thing i must mention here is that, freebitco is not a full fledged gambling casino like other casinos we have around. i would personally say that main focus of freebitco is giving free bitcoin to bitcoiners, that is the faucet, every other features like the games and lotteries they made available to their users is just their way of keeping their users engaged in something, some thing to make users visit the site more often and also to spend more time on the site.

So if it is possible for gamblers to deposit huge amount of money to freebitco and withdraw easily without them asking the user to play some games before he or she withdraws, its very understandable since like i said before that freebitco is not a full fledged casino.

Because for several casinos, it is mandatory for a gambler to wager some part of every big deposit before they withdraw, for aside kyc and every other security measures, this is also one of the security measures taken by some casinos to discourage money launders from using the casino as a gateway to launder money for what ever reason.

[piebeyb]

need freebitco.in to fasten their settlement sport betting

Yes, this seems very interesting to discuss, indeed sometimes it takes more than 24 hours or more to process sports betting payments on the freebitcoin site, maybe they process it manually or need time to check it, but if it is processed quickly of course it can be used to bet on other matches so you don't focus on just a few matches.

I think maybe this has been discussed in this thread, maybe you or I missed it again, but this is what I hope too when they process it quickly it will be even better even though we know sports betting here is not the main thing either but this can be used as an alternative For those of us who want to double our money there, I would be very happy if they could process all sports betting settlements quickly. today I just got a sports betting payout on the Manchester United match last Saturday

[swogerino]

need freebitco.in to fasten their settlement sport betting

Yes, this seems very interesting to discuss, indeed sometimes it takes more than 24 hours or more to process sports betting payments on the freebitcoin site, maybe they process it manually or need time to check it, but if it is processed quickly of course it can be used to bet on other matches so you don't focus on just a few matches.

I think maybe this has been discussed in this thread, maybe you or I missed it again, but this is what I hope too when they process it quickly it will be even better even though we know sports betting here is not the main thing either but this can be used as an alternative For those of us who want to double our money there, I would be very happy if they could process all sports betting settlements quickly. today I just got a sports betting payout on the Manchester United match last Saturday

That is normal that they take time to settle sport bets,they don't have automation for such events and they have not a big team of people working for them so asking to fasten their processing is I am afraid something that can't be done without an extra cost.

This is not a complete sport book like many other casinos which have teams in place to check the eligibility of every winning bet so this will continue to be like that for some time to come and we should not compare this site with a real casino,they have started as a faucet which has developed through the years a lot of other options where gambling ones are prevalent.

[Fivestar4everMVP]

main focus of freebitco is giving free bitcoin to bitcoiners, that is the faucet, every other features like the games and lotteries they made available to their users is just their way of keeping their users engaged in something, some thing to make users visit the site more often and also to spend more time on the site.

- Eventually better said,

"bitcoin gambling with faucet is a full-fledged service for making money and not just a casino"

and the point would be

"full fledged service", not "full fledged casino".


Maybe someone will explain it better.

Whether it be a full-fledged service or a full-fledged casino, the most important thing is that, I know what I said when I said what I said, and since you understood what i meant to say, i believe that other users understand it too, and the message is passed; which is what is most important.

And by the way, i personally do not even understand what you meant by "bitcoin gambling with faucet is a full-fledged service for making money and not just a casino", Do you mean to say that other gambling casinos that are not offering faucet services are not offering a full-fledged money making service?
Would really love some detailed explanation on this. and by the way, thanks for the correction.

[STT]

I have other accounts with gambling, casino and all that with also a faucet, I wouldnt state this is a unique situation exactly.  However FBC is one of the most established long term and as far as I can remember the only site where its not so defined by loyalty faucet but purely just turn up every hour and you can collect something.
   In addition there is a loyalty bonus element but probably its the backbone of every hour no matter what a free roll is given thats been a long term thing.  Thats more of a true faucet setup then most, we did used to have alot more faucets on an hourly basis like this but most of them did not last long term.
  I think last year it was I found another faucet site and it was advertised and discussed on this forum however he needed to add in so many adverts and capchta checks it was a terrible hassle for the little bit given.   I did use it for a while but obviously in the end I barely have any chance to ever utilise the faucet amounts and it'll sit on the site forever even if it did last long term its mired in hassle and forms to fill to check you arent a bot.  The most trouble I get on this site is a quick fashion week dress length appraisal or something funny, I think it was find the stairs recently.   Almost entertainment picture variety tbh

[OcTradism]

I have other accounts with gambling, casino and all that with also a faucet, I wouldnt state this is a unique situation exactly.  However FBC is one of the most established long term and as far as I can remember the only site where its not so defined by loyalty faucet but purely just turn up every hour and you can collect something.

Freebitco.in is one of oldest cryptocurrency gambling websites and they host one of oldest Bitcoin faucets too.

Many old Bitcoin faucets stopped their operations but Freebitco.in's faucet is still here.

it's the archive of First Bitcoin faucet runs by Gavin Andresen. Back in that time of Gavin Andresen's faucet, one person can claim 5 BTC each time.

The interesting thing is similarity in domain names of that faucet and this gambling platform.
http://freebitcoins.appspot.com/ is somewhat similar to freebitco.in

[beerlover]

Lets just say that freebitco have always taken a different approach, an approach to the gambling casino business that is quite different from the approach that other gambling casinos are or have taken. first thing i must mention here is that, freebitco is not a full fledged gambling casino like other casinos we have around. i would personally say that main focus of freebitco is giving free bitcoin to bitcoiners, that is the faucet, every other features like the games and lotteries they made available to their users is just their way of keeping their users engaged in something, some thing to make users visit the site more often and also to spend more time on the site.

So if it is possible for gamblers to deposit huge amount of money to freebitco and withdraw easily without them asking the user to play some games before he or she withdraws, its very understandable since like i said before that freebitco is not a full fledged casino.

Because for several casinos, it is mandatory for a gambler to wager some part of every big deposit before they withdraw, for aside kyc and every other security measures, this is also one of the security measures taken by some casinos to discourage money launders from using the casino as a gateway to launder money for what ever reason.

I mean they started mainly as a place that gave out free money, sure they had gambling at all times but they were not making all that much, not as much as this at least (maybe more as btc but not in dollar terms) because they had ads all over the website where they were trying to make money from, no place that wanted 200-300 dollars for ads could be rich, so they were mainly just a faucet when they first started.

But the more they grew, the better they got with gambling and that allowed them to have a different approach to it. This means that they ended up realizing the power of giving back to the community, and they were making a lot more money that way, I am assuming that they will end up with even more stuff in the future like that.

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[buwaytress]

Just noticed that the next draw's coming soon. Just wanted to quickly post here to let you all know I'm winning the big one with my single lucky ticket

I've won quite a weird few lotteries on crypto in the past with a single ticket -- think 1 in almost 100,000 very early on, for some Doges that I of course wasted away.

You heard it here first!

[piebeyb]

Only a few hours left and I only have one ticket for this Lambo, not expecting much but one never knows about one's luck that will come, it's okay if I only have that one ticket, at least I'm part of this big lottery no no matter who will win it too, everyone has hope of winning Lambo, I will continue to monitor the development of Lambo winners in this thread and can't wait for freebitcoin to get its winner soon.

Maybe we will get another winner like before with winners holding lots of tickets or fewer than yesterday, this will be history for me to remember if in the future there will be winners from this forum who have a few tickets to win Lambo from freebitcoin. all Lambo ticket holders will definitely be waiting for this event now 

[pawanjain]

Just noticed that the next draw's coming soon. Just wanted to quickly post here to let you all know I'm winning the big one with my single lucky ticket

I've won quite a weird few lotteries on crypto in the past with a single ticket -- think 1 in almost 100,000 very early on, for some Doges that I of course wasted away.

You heard it here first!

In that case I have 2 tickets. I am double sure that I am gonna win this round.
Even freebitco.in is 200% sure that I will be winning this round with my 2 tickets.
If you don't believe me then look at the below screenshot.



Jokes aside, @TheQuin you might want to look into this and see why the email is showing 200% for 2 tickets.

[arallmuus]

Just noticed that the next draw's coming soon. Just wanted to quickly post here to let you all know I'm winning the big one with my single lucky ticket

I've won quite a weird few lotteries on crypto in the past with a single ticket -- think 1 in almost 100,000 very early on, for some Doges that I of course wasted away.

You heard it here first!

Still waiting for the day that someone active from bitcointalk would get a lambo and choose the lambo instead of btc  . Would be nice showing pics driving on the lambo if you ever won it but so far it seems everyone will just go for btc instead. Considering that you need to pay tax for that, its just make sense to choose btc over it but just imagine how cool will it be with someone driving lambo won from the draw 

1 golden ticket, onto the draw as well. My luck sucks so goodluck boys

[Saint-loup]

Still waiting for the day that someone active from bitcointalk would get a lambo and choose the lambo instead of btc  . Would be nice showing pics driving on the lambo if you ever won it but so far it seems everyone will just go for btc instead. Considering that you need to pay tax for that, its just make sense to choose btc over it but just imagine how cool will it be with someone driving lambo won from the draw 

1 golden ticket, onto the draw as well. My luck sucks so goodluck boys

High rollers have more chances to win than low-stakes players because they are the ones with the biggest amounts of Golden tickets usually. So I'm sure one day, one high roller who doesn't care about losing few money will choose to receive the Lambo instead of the BTC prize just for the fun or for flexing on social medias with its big prize. It will be funny if he dare to put a Freebitcoin or Bitcointalk sticker on the car, on top of that. 

[slaman29]

High rollers have more chances to win than low-stakes players because they are the ones with the biggest amounts of Golden tickets usually. So I'm sure one day, one high roller who doesn't care about losing few money will choose to receive the Lambo instead of the BTC prize just for the fun or for flexing on social medias with its big prize. It will be funny if he dare to put a Freebitcoin or Bitcointalk sticker on the car, on top of that. 

Well, I keep making records for high numbers of golden tickets, personal record of course. I ended up with 1142 in the end, though my initial target was 888, I couldn't resist it when a flash promo came exactly during 5x RP promo.

Waiting for this round to end, fingers crossed!

[so98nn]

Great to see Round 8 for Lamborghini is already over. It seems I am not the winner because I still got 40k sats in my account. Lol.

Anyone has got idea whether the user is from the forum or not? I think we will never know until the winner himself declares their winning here. Lucky guy, who got the Lambo with 7K tickets. He is rich now, the question is what he is going to do with it. Will he get the Bitcoins in his account OR he will actually get that Lambo delivered?

Gosh, we had this discussion just now for round 7 and now the round 8 is also over.

I spun all my WOF yesterday because I was hoping that I would get lucky tickets as the last resort but I was only able to get 1 Golden Ticket. Lolz.

However, here are nice stats from the WOF.

Total WOF: 1984
Satoshi: 39,990
RP: 36,000
Golden Ticket: 01
Lottery Ticket: 45,000

Now it's time to check if I can be lucky with the Lottery Round considering the amount of tickets I have collected. The dashboard shows I have 1.29% winning chance. Wish me luck, boys.

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[arallmuus]

-snip

High rollers have more chances to win than low-stakes players because they are the ones with the biggest amounts of Golden tickets usually. So I'm sure one day, one high roller who doesn't care about losing few money will choose to receive the Lambo instead of the BTC prize just for the fun or for flexing on social medias with its big prize. It will be funny if he dare to put a Freebitcoin or Bitcointalk sticker on the car, on top of that. 

ikr but remember that one time when we had a lottery winner with only 1-2 tickets ? That silly possibility happened though so perhaps it could happen on the lambo draw as well. Pretty close to impossible but yeah Im not really expecting it anyway but it would be crazy if it happen.   As for me, I would probably pick btc prize as well instead of having to pay tax for the lambo but I'll use the money to rent a lambo for a day to snap some photo for you guys if I win