FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest

[Saint-loup]

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.

[btcltcdigger]

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

[ovcijisir]

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...

[STT]

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.

[dwyane36]

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.

Well, the price of FUN tokens has been trading close to zero for a few years. It's noteworthy that Freebitcoin has had some reputation issues for quite some time now, but more than 6 billion FUN tokens are still locked on the site. It seems to me that most of these FUN tokens belong directly to the Freebitcoin team instead of ordinary users.

[michellee]

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.

Well, the price of FUN tokens has been trading close to zero for a few years. It's noteworthy that Freebitcoin has had some reputation issues for quite some time now, but more than 6 billion FUN tokens are still locked on the site. It seems to me that most of these FUN tokens belong directly to the Freebitcoin team instead of ordinary users.

We never know for sure. It is a big job for the team to fix the problem and running their site like before. If the site want to close their service, they must inform their members to withdraw all of their funds before the date. For those who have FUN tokens, they can withdraw their token and send it to the exchanges and sell it there. But for those who already lock their FUN token for some time, they must wait until their FUN token release with their rewards. So it makes worry for those investor but hopefully, nothing bad will happen.

[uneng]

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?

The site is too unstable to keep a considerable portion of money deposited there. The best alternative is to just cashout your funds to a safe wallet. Features can stop working there at anytime without further notice, like it happened with daily spins which aren't credited to us anymore. Therefore, the same can happen with withdrawal feature... And if that happens, you won't have anyone to appeal to.

On the other hand, if it's only a small sum of money and you think it's nice to see passive income being paid to your account daily, then it's not going to be a big issue if what I mentioned above happened for real. The most important now is to be aware you can't count on this platform for anything anymore.

[hypersonic1]

Re iterating what's been said.

The most reliable way to get your FUN off the site is to cash it into BTC and withdraw.

BTC withdrawals as of today are doing fine.

If you have an issue withdrawing something with the site please specify FUN or BTC.

[Fivestar4everMVP]

Re iterating what's been said.

The most reliable way to get your FUN off the site is to cash it into BTC and withdraw.

BTC withdrawals as of today are doing fine.

If you have an issue withdrawing something with the site please specify FUN or BTC.

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?
This is very possible if any one would care well enough to ask me, because I do not understand why processing withdrawals in bitcoin is easier and convenient for the casino than their own very token, most platforms will refer users to make deposits and withdrawals in the platform's own token as this promotes onchain activity for the token, but for freebitco, this seems not to be the case.

Anyways, who ever is deciding to convert their fun token to bitcoin for withdrawal from the platform shouldnt feel too bad about the decision, since to me, Its a win win situation, holding fun token at the moment doesn't seem like a profitable investment in the short and long run.

[virasog]

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?
This is very possible if any one would care well enough to ask me, because I do not understand why processing withdrawals in bitcoin is easier and convenient for the casino than their own very token, most platforms will refer users to make deposits and withdrawals in the platform's own token as this promotes onchain activity for the token, but for freebitco, this seems not to be the case.

I really do not understand what going on inside freebitco. Fun token doesn't have a price that it could be dumped by the freebitco to buy the bitcoin. And even if they do it, it's their internal decision.

These day i am also confused as at one side the activities of Freebitco seems suspicious and scammy but at other hand they are processing the BTC withdrawals. If they were to scam, they wouldn't have let the gamblers withdraw their BTC and if people tend to withdraw their money and stop depositing, the site and this business will fail eventually. Don't know what freebitco are upto  

[ovcijisir]

Re iterating what's been said.

The most reliable way to get your FUN off the site is to cash it into BTC and withdraw.

BTC withdrawals as of today are doing fine.

If you have an issue withdrawing something with the site please specify FUN or BTC.

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?

I'm not sure that it is good idea if they did that. If I remember correctly year and a half ago FUN price was 14 satoshis, and now the price fluctuates 5-7 sats. They would be in huge loss if they sold the FUN.

Maybe there is some financial reasoning behind this decision, but I like to keep things simple.

[Mahdirakib]

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?

No, they haven't sold all the FUN tokens of the users. FUN token cold wallet address of Freebitco still has more than 3.3 billion tokens in it (check here). They are occasionally transferring FUN tokens from their cold storage wallet to their hot wallet address in order to process the users FUN token withdrawal. Currently, there are 25 million FUN tokens on their hot wallet address (check here). For some unknown reasons, they haven't processed any FUN withdrawal since last two weeks.

[Fivestar4everMVP]

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?

I'm not sure that it is good idea if they did that. If I remember correctly year and a half ago FUN price was 14 satoshis, and now the price fluctuates 5-7 sats. They would be in huge loss if they sold the FUN.

Maybe there is some financial reasoning behind this decision, but I like to keep things simple.

Sorry but I do not think you understand what I said, or what you are even saying, remember they own this project, they own the token, they possibly may not have bought their allocation from the market like you and I do, so this means that they are in profit no matter the price they decide to sell at, even in the current price.

Now, lets assume they sold all their team allocation hidden in secret wallets earlier before this whole issue began with the casino, and used that money to invest in bitcoin at the time when the price of bitcoin was around $20k to $25k to $30k, would you still tell me that right now, they are not in a huge profit? Of course they are.

Besides, how else should we explain the reason for the easy withdrawal in bitcoin, and frustrating withdrawal in fun token?

[ovcijisir]

Sorry but I do not think you understand what I said, or what you are even saying, remember they own this project, they own the token, they possibly may not have bought their allocation from the market like you and I do, so this means that they are in profit no matter the price they decide to sell at, even in the current price.

Now, lets assume they sold all their team allocation hidden in secret wallets earlier before this whole issue began with the casino, and used that money to invest in bitcoin at the time when the price of bitcoin was around $20k to $25k to $30k, would you still tell me that right now, they are not in a huge profit? Of course they are.

Besides, how else should we explain the reason for the easy withdrawal in bitcoin, and frustrating withdrawal in fun token?

That is another story, I did not know that they are owners of the Funfair project. If they have preminted coins they can crash the price and manipulate it.

That is why the team's addresses with preminted tokens should be public, so when tokens are released we can see if they send everything to exchange to sell it and drop the price.

 I wonder if this is the secret behind TheQuins disappearance, the contract could have ended and he got FUN tokens and went his way?

[shield132]

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?
This is very possible if any one would care well enough to ask me, because I do not understand why processing withdrawals in bitcoin is easier and convenient for the casino than their own very token, most platforms will refer users to make deposits and withdrawals in the platform's own token as this promotes onchain activity for the token, but for freebitco, this seems not to be the case.

I really do not understand what going on inside freebitco. Fun token doesn't have a price that it could be dumped by the freebitco to buy the bitcoin. And even if they do it, it's their internal decision.

These day i am also confused as at one side the activities of Freebitco seems suspicious and scammy but at other hand they are processing the BTC withdrawals. If they were to scam, they wouldn't have let the gamblers withdraw their BTC and if people tend to withdraw their money and stop depositing, the site and this business will fail eventually. Don't know what freebitco are upto  

No one knows what's going on inside Freebitco but it's clear after a year that this website is like an abandoned empire. Domain and hosting server expenses are paid and the website is working on its own, like Coinroll and Safedice were working years ago. When the website is abandoned, it's better to not play there because today things might be working because the process is automated but once the wallet empties, there will be no hope of getting money.
Maybe Freebitco doesn't want to scam people and something bad happened to the owner, that's why everything works automatically and there are many problems. I want to repeat again that the best deal in this situation is to withdraw everything you have and move on to another casino where owners take care of their customers and don't delay rewards or payments.

[pawanjain]

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?

I'm not sure that it is good idea if they did that. If I remember correctly year and a half ago FUN price was 14 satoshis, and now the price fluctuates 5-7 sats. They would be in huge loss if they sold the FUN.

Maybe there is some financial reasoning behind this decision, but I like to keep things simple.

The question is not whether is it possible but are they even allowed to do this ?
Using customer funds for their own profits without letting them know is not the right thing to do.
Besides that, is there anyway we can verify how many FUN tokens freebitco.in is currently holding ?
If we can verify this then may be we can find out if freebitco.in actually sold customer's FUN tokens or not.

[iv4n]

Besides, how else should we explain the reason for the easy withdrawal in bitcoin, and frustrating withdrawal in fun token?

As with many of the issues they have had recently, we can only guess what's going on behind the scenes this time. Maybe you are right, but it wouldn't surprise me if it's something else... anyway, the worst thing is that the team doesn't provide any explanations, it keeps all the users in the dark. Problems arise and are solved, and I don't expect the casino to give a full explanation of each one every time, but a couple of information and maybe a few words that the team is working on it and everything will be fine can go a long way.

[hosemary]

Besides that, is there anyway we can verify how many FUN tokens freebitco.in is currently holding ?

As already mentioned by Mahdirakib already in this post, they own the following addresses.

0x99e2ae3dd7fdb5684950176551911d19d55dfcabt
0x12d4017f232ebb4327e8e0082ed4337084bf2e84

The first one belongs to their cold wallet and now holds more than 3.3 billion FUN tokens. The second one is used for proccesing withdrawals and now holds around 25 million FUN tokens.

[Lucius]

No one knows what's going on inside Freebitco but it's clear after a year that this website is like an abandoned empire.
~snip~

My assumption is that the project was not abandoned, but rather sold to someone who is not capable of running it. If everything was really on autopilot, I think everything would collapse very quickly and it wouldn't last this long. It seems logical to me that the owner decided to get out of the business after about 10 years, but it turned out the way it did.

[Saint-loup]

No one knows what's going on inside Freebitco but it's clear after a year that this website is like an abandoned empire. Domain and hosting server expenses are paid and the website is working on its own, like Coinroll and Safedice were working years ago. When the website is abandoned, it's better to not play there because today things might be working because the process is automated but once the wallet empties, there will be no hope of getting money.
Maybe Freebitco doesn't want to scam people and something bad happened to the owner, that's why everything works automatically and there are many problems. I want to repeat again that the best deal in this situation is to withdraw everything you have and move on to another casino where owners take care of their customers and don't delay rewards or payments.

No it's not a deserted platform you can't say that, they are still opening new sport betting markets and paying winnings of bets once they are settled. They are also processing BTC withdrawals even for "flagged" accounts or requests, so it's almost sure someone is still managing it. But it's sad he or someone else doesn't make more announcements here to update us with the current