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babygun
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December 25, 2024, 06:14:33 PM |
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I also see the FUN token is rise to$0.007 which gives a chance for those who want to sell. And the price now is down to $0.005 but that will not be a problem. I guess the increasing of the price is just a test so we can wait for more.
I don't think there would be anyone who might be willing to sell the token at $0.007. Only those who have bought below this price may sell at this point but majority of the people have bought token at much higher prices. I just fear that if the freebitco site does not show any good progress and does not resolve gamblers issues, it will have a direct impact on the FUN token price and it may not increase much even at the bull market peak. People are often more willing to invest in tokens or projects that have strong fundamentals, clear utility and a growing user base but if the freebitco platform seems untrusty worthy who will buy FUN token ? I don't think nowadays that anyone would invest in FUN tokens. I sold all my FUN tokens at 0.005$. With the problems going on, it doesn't have any benefits anymore to hold the tokens so I just cashed them all in and withdraw that money as they are still processing the BTC withdrawals without too much issues.
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iv4n
Legendary
Offline
Activity: 3794
Merit: 1276
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December 25, 2024, 07:14:07 PM |
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Seems like they have started rolling the free email spins again which sounds like a good sign. Although there's no change in my luck and I am still winning the base rewards but good to know that freebitco.in has not shutdown completely yet.
Looks like it worked for two days and that's it, today is another day without a WoF spin. Hardly any of us can shed more light on what's going on with this site, we all have our own guesses, but that still doesn't mean much. They are not shut down completely yet, and my wild guess is that it won't happen anytime soon. Maybe we can open a poll about this matter, maybe even on Polymarket "When will freebitcoin be shut down completely". I think I would register and make a bet.
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btcltcdigger
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December 25, 2024, 10:32:35 PM |
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If i had my say in it, i would say they realized WoF is a loss for them in general, as many people have been farming it daily without the site making any money from it. Then they just silently ended it without saying anything to save face
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dwyane36
Legendary
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✅ NO KYC
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December 26, 2024, 12:30:31 AM |
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If i had my say in it, i would say they realized WoF is a loss for them in general, as many people have been farming it daily without the site making any money from it. Then they just silently ended it without saying anything to save face
Wof spins were disadvantageous for them in the early days when the Wheel of Fortune appeared. At that time, users could quite quickly accumulate 100k rp and convert them into sats. Now, the chance to win something valuable in the Wheel of Fortune is too small. I wouldn't be surprised if no one has ever won anything bigger than golden tickets.
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danadc
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December 26, 2024, 01:03:43 AM |
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If i had my say in it, i would say they realized WoF is a loss for them in general, as many people have been farming it daily without the site making any money from it. Then they just silently ended it without saying anything to save face
The bad thing about this is that it was an attraction for everyone , and that is something that discourages me a lot, and it is not that it bothers me , but it is something that is needed Because we are all used to it and it is an attraction that people like. What I can deduce is that after so much time with all the things that have happened on the site, they do not have much capacity, it is not the same confidence as before, and the Players are afraid of losing money, the casino, from what I see, has to recapitalize itself to have the Same trust as before. I would like to see this site again as before, there are many casino options on the forum , that is something that is known, but each casino has something Special , for now at Wolfbet they are doing things very well and little by little they are proving to be very good.
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Free Market Capitalist
Legendary
Offline
Activity: 2030
Merit: 3257
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December 26, 2024, 04:51:23 AM |
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Wof spins were disadvantageous for them in the early days when the Wheel of Fortune appeared. At that time, users could quite quickly accumulate 100k rp and convert them into sats. Now, the chance to win something valuable in the Wheel of Fortune is too small. I wouldn't be surprised if no one has ever won anything bigger than golden tickets.
The trick with this roulette wheel is that although it is divided equally, the odds are not, unlike in roulette wheels. When you play roulette in a casino, the number 1 has the same probability of coming out as the 7, or any other number, but in this roulette the probability of getting a clock is very low, ridiculous, while you get a few lottery tickets or a few satoshis is much higher, that is why it is what most used to play, a few Sunday lottery tickets, a few satoshis or a few reward points.
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Wapfika
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December 26, 2024, 07:24:37 AM |
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Wof spins were disadvantageous for them in the early days when the Wheel of Fortune appeared. At that time, users could quite quickly accumulate 100k rp and convert them into sats. Now, the chance to win something valuable in the Wheel of Fortune is too small. I wouldn't be surprised if no one has ever won anything bigger than golden tickets.
The trick with this roulette wheel is that although it is divided equally, the odds are not, unlike in roulette wheels. When you play roulette in a casino, the number 1 has the same probability of coming out as the 7, or any other number, but in this roulette the probability of getting a clock is very low, ridiculous, while you get a few lottery tickets or a few satoshis is much higher, that is why it is what most used to play, a few Sunday lottery tickets, a few satoshis or a few reward points. Agreed, This is the sucks part for casino lucky wheel these days. They should just increase the size of each pie to its realistic size based on the odds rather then create a false hope that each prize has same odds. Early lucky wheels works that way that can give balance rewards from big to small but now lucky wheels works like 99.9999% for all the smallest rewards then the remaining is for the medium to high rewards value. 
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Fivestar4everMVP
Legendary
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Activity: 2912
Merit: 1158
Leading Crypto Sports Betting & Casino Platform
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December 26, 2024, 07:35:25 AM |
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Wof spins were disadvantageous for them in the early days when the Wheel of Fortune appeared. At that time, users could quite quickly accumulate 100k rp and convert them into sats. Now, the chance to win something valuable in the Wheel of Fortune is too small. I wouldn't be surprised if no one has ever won anything bigger than golden tickets.
The trick with this roulette wheel is that although it is divided equally, the odds are not, unlike in roulette wheels. When you play roulette in a casino, the number 1 has the same probability of coming out as the 7, or any other number, but in this roulette the probability of getting a clock is very low, ridiculous, while you get a few lottery tickets or a few satoshis is much higher, that is why it is what most used to play, a few Sunday lottery tickets, a few satoshis or a few reward points. I would say that you are absolutely right, based on my personal experience playing wheel of fortune on freebitco, I can say that indeed, the probability of winning prizes in the list available is not the same for each of them, just as you have explained, the probability of winning an iPhone is not the same as winning 50 or 100 sats. But if we should sit and look at this critically, it's understandable because the worth of 50 or 100 sats is not the same as the worth of an iPhone or an Amazon gift card, it is a very common practise for casinos to set probability levels of different prize items based on their individual worth, those that are worth higher in value are made harder to win, than those that are worth lesser in value - this is a very common practice like I said before..
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hosemary
Legendary
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Activity: 3052
Merit: 6873
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December 26, 2024, 08:55:05 AM |
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Then they just silently ended it without saying anything to save face
And they are still promoting their premium membership and say "Buy FUN tokens to get WOF spins". Early lucky wheels works that way that can give balance rewards from big to small but now lucky wheels works like 99.9999% for all the smallest rewards then the remaining is for the medium to high rewards value.
If everything works well and they credit the WOF spins, the chances of winning smallest rewards (10 satoshi, 10 lottery tickets or 10 reward points) would be around 98.79%, the chance of winning 100 satoshi, 100 lottery tickets or 100 reward points would be 0.7% and the chance of winning 1000 satoshi, 1000 lottery tickets or 1000 reward points would be 0.4%.
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pawanjain
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December 26, 2024, 09:37:23 AM |
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Seems like they have started rolling the free email spins again which sounds like a good sign. Although there's no change in my luck and I am still winning the base rewards but good to know that freebitco.in has not shutdown completely yet.
Looks like it worked for two days and that's it, today is another day without a WoF spin. Hardly any of us can shed more light on what's going on with this site, we all have our own guesses, but that still doesn't mean much. They are not shut down completely yet, and my wild guess is that it won't happen anytime soon. Maybe we can open a poll about this matter, maybe even on Polymarket "When will freebitcoin be shut down completely". I think I would register and make a bet. Well, I did receive the free WoF spin yesterday i.e. 25 December and I have been receiving it for the past 3 days. Lol, a poll  Not a bad idea I would say. Do share the link and I might participate too. It would be interesting to see the results.
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shield132
Legendary
Offline
Activity: 2870
Merit: 1055
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December 26, 2024, 11:38:35 AM |
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If i had my say in it, i would say they realized WoF is a loss for them in general, as many people have been farming it daily without the site making any money from it. Then they just silently ended it without saying anything to save face
That was the point of WoF spins, to attract people who would hold FUN token because by doing this, they'd get good additional capital for their projects but Freebitco failed in that part. Their developers (if they have) did nothing, their marketing did nothing and everything went downhill. Freebitco had a good reputation, the fact alone that Freebitco bought FUN token pumped the coin well, there were positive expectations and in good hands, Freebitco and FUN token together would be a very successful project but because of their lack of activity, they failed. The trick with this roulette wheel is that although it is divided equally, the odds are not, unlike in roulette wheels. When you play roulette in a casino, the number 1 has the same probability of coming out as the 7, or any other number, but in this roulette the probability of getting a clock is very low, ridiculous, while you get a few lottery tickets or a few satoshis is much higher, that is why it is what most used to play, a few Sunday lottery tickets, a few satoshis or a few reward points.
Yeah, that's true. I've been holding FUN token so many times to get WoF spins, I've also rolled free rolls since 2015 so many times but I've never won anything other than a regular amount of few satoshis and reward points. The probability of winning something was always slim to none on Freebitco.
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RadekZelenka
Newbie
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Activity: 2
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December 26, 2024, 12:36:21 PM |
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I know the WOF probabilities of the big prizes are extremely slim, but I thought every number in the Free Roll had the same chance of occurring. I have rolled around 18,000 times already, and I never got the numbers 9998, 9999, or 10000. The probability of this happening is only 0.45%.
Has anyone gotten the $200 prize?
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babygun
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December 26, 2024, 01:04:30 PM |
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If i had my say in it, i would say they realized WoF is a loss for them in general, as many people have been farming it daily without the site making any money from it. Then they just silently ended it without saying anything to save face
Wof spins were disadvantageous for them in the early days when the Wheel of Fortune appeared. At that time, users could quite quickly accumulate 100k rp and convert them into sats. Now, the chance to win something valuable in the Wheel of Fortune is too small. I wouldn't be surprised if no one has ever won anything bigger than golden tickets. In the very beginning I won quite often some bigger prizes like 5000 satoshis, RP or lottery tickets. When they changed it, it became a lot more rarely but you could still win it from time to time. Also received the free WOF spins but they need to solve the WOF spins for the premium membership. I doubt that they will shut down their site anytime soon.
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hosemary
Legendary
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Activity: 3052
Merit: 6873
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December 26, 2024, 02:37:47 PM |
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I have rolled around 18,000 times already, and I never got the numbers 9998, 9999, or 10000. The probability of this happening is only 0.45%. Where did you get the 0.45% from? The chance to get 9998 and 9999 is 0.01% (1 in 10,000) and that's same as other numbers. The chance to get 10,000 is half of other numbers and that's 0.005% (1 in 20,000). Has anyone gotten the $200 prize?
Big wins at FreeBitco.in
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noormcs5
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December 26, 2024, 04:04:07 PM |
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I don't think nowadays that anyone would invest in FUN tokens. I sold all my FUN tokens at 0.005$. With the problems going on, it doesn't have any benefits anymore to hold the tokens so I just cashed them all in and withdraw that money as they are still processing the BTC withdrawals without too much issues.
There may be people who will keep holding the FUN token with a little hope that everything settles one day and the freebitco will be fully running as back in the time but i think this is just a risk. It is better to see the present, and maybe sell the FUN token in a loss and do something better with that money. One thing is for sure that if the freebitco did not reclaim its trust among the gamblers or if it is shutdown permanently, then the FUN token is going to zero. So why not cash it now especially those who are holding big bags of this token.
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RadekZelenka
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December 26, 2024, 07:28:22 PM |
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Where did you get the 0.45% from? The chance to get 9998 and 9999 is 0.01% (1 in 10,000) and that's same as other numbers. The chance to get 10,000 is half of other numbers and that's 0.005% (1 in 20,000).
0.45% is the probability of never getting 9998, 9999, and 10000 in 18,000 rolls. In each roll, you have a probability of 9997/10000 of not getting those prizes. Therefore, (9997/10000)^18000=0.0045
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Saint-loup
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December 26, 2024, 08:58:07 PM Last edit: December 29, 2024, 06:46:54 PM by Saint-loup |
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0.45% is the probability of never getting 9998, 9999, and 10000 in 18,000 rolls.
In each roll, you have a probability of 9997/10000 of not getting those prizes. Therefore, (9997/10000)^18000=0.0045
It's almost these probabilities but not exactly.As it has been said above 10000 hasn't 1/10000 chances to be drawn, but half than that actually (1/20000 chances in reality). So for each roll you have 9997.5/10000 of not getting one of those prices. And (9997.5/10000)^18000 to not get one of them in 18000 rolls.
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btcltcdigger
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December 26, 2024, 10:04:23 PM |
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If i had my say in it, i would say they realized WoF is a loss for them in general, as many people have been farming it daily without the site making any money from it. Then they just silently ended it without saying anything to save face
Wof spins were disadvantageous for them in the early days when the Wheel of Fortune appeared. At that time, users could quite quickly accumulate 100k rp and convert them into sats. Now, the chance to win something valuable in the Wheel of Fortune is too small. I wouldn't be surprised if no one has ever won anything bigger than golden tickets. Also, did you notice that if you did WOF on the website where you actually span the wheel, you could get a rolex (yeah right), but if you used the option to spin like 100 spins at a time, there was no rolex as an option. It would just be satoshis, rp's and lottery tickers
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ovcijisir
Legendary
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Activity: 2184
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December 26, 2024, 10:34:57 PM |
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Maturing period for some of my FUN tokens ended yesterday and today I had luck that for the short time price for FUN tokens peaked to 5 sats, so I sold them for BTC immediately. The reason for sale is that I don't have any hope for FUN anymore (I bought them exclusively for free spins on freebitco.in). Now only doubt for me is : to hold BTC that I got on the site or withdraw it immediately? On one side it is definitely safer to get them in my non custodial wallet, but on the other side I like the taste of those sweet free sats that drip every day. I hope they won't touch dividend that we get from holding, but if they withdrew free spins without word who knows what is next. Thoughts? Also, did you notice that if you did WOF on the website where you actually span the wheel, you could get a rolex (yeah right), but if you used the option to spin like 100 spins at a time, there was no rolex as an option. It would just be satoshis, rp's and lottery tickers I never noticed that, but now when I rewind on free spins that I got on e-mails there was a clock in prizes. Nice catch Btcltcdigger, the Rolex was probably never on table, do someone of the senior gamblers remember that somebody won the Rolex on free spin? I seriously doubt that...
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STT
Legendary
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December 26, 2024, 11:37:39 PM |
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The trick with this roulette wheel is that although it is divided equally, the odds are not, unlike in roulette wheels. When you play roulette in a casino, the number 1 has the same probability of coming out as the 7, or any other number,
Agree and disagree. They do state all the odds so its a known thing the prizes arent equal but sure how it appears, etc. that is classic sales 101. Which is my main point that the wheel spins are promotional, look at everyone talking about it and proving that. The operation of that game garners players and publicity, its worth them running it so they are shooting themselves in the foot to forego it and I still dont buy the deliberate theory personally. The other thing I was going to mention which isnt important, is roulette wheels can have bias to them. They are expensive bits of kits in reality as I understand it and there are tools to measure any tilt that is not legal to operate the wheel in licensed areas perhaps etc. Famous court case I can remember, again just an off point detail but a group of gamblers assembled themselves like the A-team with lazers to measure and record any bias to a roulette wheel. Using computers they calculated which numbers to bet on. They won hundreds? of thousands I think it was, the casino refused to pay out but in court the lazer dudes won as no rule specified against it allegedly. I heard similar of lottery machines, someone calculated the physics to predict the balls the numbers were drawn on. I presume that was a long time ago and I dont have a source. But never assume there isnt a bias in the game somewhere.
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