Free Bitcoins W/o The Wait!

[bmacdonald11]

So at the risk of having this entire little game of mine ruined I would like to share with you something that I discovered that some others might have discovered as well.

Please read this whole post before attempting this.  I take no responsibility for any losses if you do not follow the methodology within this post.

First what you will need:

1. A membership at http://freebitco.in/#  -- If you are feeling nice please use this referral link to sign up: http://freebitco.in/?r=188619
2. A notepad or OneNote -- Something easy to keep track of numbers on.
3. One free roll or btc already on the account.
4. Patience

Things that will make you fail:

1.  Greed
2.  Not adhering to the methodology
3.  Trying to increase the #s used in some formulaic approach


The Strategy at A Glance -- Have you ever played Roulette at a casino? If you bet red or black you have just under a 50 percent (47%) chance of winning.  Now if you bet 1 dollar on black on your first spin and won you would be awarded 1 dollars.  But if you lost you would be awarded negative 1 dollars.  This means that if you make the same bet on black again you only win back your previous loss.  But if you bet two dollars, you win a dollar and you net a positive.  This is a form of hedge betting and can be done in most games with a 50 percent chance of winning in order to get close to 90+% percent chance of winning in the long run depending on how big your initial stack is.  Chance is still a factor and there is a slim chance that black just never spins. In roulette the odds of black not coming up 10 times in a row is about 1/10,000.

So what the hell does this have to do with winning BTC?

At freebitco.in there is a feature called the money multiplier that can be taken advantage of with this exact strategy. The best part is, sine they give you free bitcoins every hour you can literally utilize this feature to no end at no cost. Unlike in a casino you do not need to worry about bringing your own money to the table.

How to do it:


(1) First, make and account at http://freebitco.in/?r=188619  (THIS IS MY REFERRAL LINK - if you want to sign up without me gaining anything the link is provided at the top of this post) Do not make a second account. This will ban your IP. If you already have an account use it.

(2) Second, use the free bitcoin feature to earn your starting stack.

(3) Click on "MultiplyBTC" at the top of the page it is to the left of the yellow "Refer" link

(4) Make sure the red slide bar is all the way to the left (x2)

(5) Bet the smallest increment allowed.

(6) If you win, Bet the SMALLEST bet again.

(7) If you lose, on your notepad or where ever you are keeping track write how much you have lost since you last won.

( Bet the exact amount that allows you to win back your loss and make a marginal increase to your loss  EDIT: damn emoticon ruined my formatting but at least its the cool one!

(9) If you lose go back to step 7. and REPEAT 7 and 8.

(10) If you win return to step number 5 and REPEAT steps 5-9 again.

If anyone has any questions, comments, concerns -- Post here or tweet me @bmacdonald978 or @politicalwave I will be happy to assist and clarify!

[WakaWakaWaka]

I used this site a while back, before I had any Bitcoin, and I honestly think it's fixed. I always noticed that the more money you got, your chances to lose seemed to increase by a lot.

I don't think free "Bitcoins" exist. Free Satoshis might, but not Bitcoins.

[bmacdonald11]

If you look at their script it seems fair. However you could be right. I have had some luck with it however.

[EdwardWitten]

This is called a martingale and requires an infinite amount of money to make any profit. + as the game is not 100% fair (because of the house cut) its even worst. Would not follow this guide...

[buckwean13]

ask anyone who has played roulette, martingale is not the way to go. sound plan in theory but the casino has way more money to risk losing than you do. If your going to do this then start with a specified amount you are prepared to lose. once you have bet your entire stake stop, if your up and haven't lost it all, good. Stop there as this can be profitable on a streak but the streak will never last...

[odolvlobo]

...
Things that will make you fail:

1.  Greed
2.  Not adhering to the methodology
3.  Trying to increase the #s used in some formulaic approach
3.  Any kind of gambling when the odds are against you.
...

FTFY

Ahhh, the Martingale strategy -- a losing strategy for losers, yet always so very popular. I don't know why.

[bmacdonald11]

A losing strategy for losers? Is there a better roulette strategy? -- And it fails in roulette bc there is a min and max bet. There isnt one on freebitco.in

[odolvlobo]

A losing strategy for losers? Is there a better roulette strategy?

There is no winning strategy for Roulette. The strategy that minimizes your losses is the best. Such a strategy reduces the sizes of the bets and makes the bets with the best odds.

[bitco.in]

So people still believe something like this can work?

[EdwardWitten]

He is just fishing for newbies and aims to get revenue from the referal code.

[R0yalAir]

yes the money multiplier is very useful

[litedogg]

There is no winning strategy for Roulette. The strategy that minimizes your losses is the best. Such a strategy reduces the sizes of the bets and makes the bets with the best odds.

Oh there is a winning strategy and it is extremely simple: Own the house ;-)

Also works with blackjack, poker and dozens of other forms of gambling.

[Duane Vick]

Ahh, yes, the Martingale system. The eventual outcome is that you won't have the money to make the next bet. Besides, at what point do you consider it foolish to wager $1,028 to win back the initial $1 bet?

The only way that a Martingale is better than traditional wagering is if you start low enough to reduce your average bet size versus a traditional wager. This is because the house edge willbe in effect on a lower amount.

If I were to do the martingale on roulette,  I would do the column bets that pay 2:1. At least when you win, you profit the original amount you started the sequence with as well as an amount equal to the current wager. The tradeoff is that you hit a payoff less often and so the risk of ruin is higher.