I just wonder about freebitco.in's business model.

I started using them as a faucet (at that time I was not aware of what is dicing nor hi-lo games) but I have been a daily visitor of them for obvious reasons like some free satoshi and affilaite income.

Purpose of this topic :
It may trigger some ideas to business people who are right now hunting for concepts for their upcoming gambling business.

The unique cases of freebitco.in :
1. They are not showing any clickbait advertiements even they make us to visit them every hour.
2. I guess only gambling house which allows its users to withdraw without playing a single roll and without any deposits.
3. Other houses started adding options to play even with stablecoins after altcoins but they are sticking with ONLY bitcoins.
4. Afflicate program applicable even with faucet claiming.
5. Lots of other rewards like daily interests for the balances and redeemable reward points.

Their statistics are showing like so far they have paid out (or won by users) 208,000+ number of bitcoins which makes me think about like, is this house owned by Mr. Satoshi Nakamotto for the reason for spreading awareness on bitcoins (which is the basic functionality of faucets)?

Haha, I don't think so if that bankroll owned by Satoshi Nakamoto. But who knows maybe your conjecture was right because that company was built in the year 2010 and successfully launched the year 2013. They had been dispensed thousands of Bitcoin from their faucet and they are the oldest Bitcoin faucet. The faucet will dispense 20 sats per hour and might you will earn 5-10 dollars a day.

Anyway, 10 days left who will be the lucky one will get the precious Lambo.

They were purely advertisement based faucet when they started. And with the introduction of dice and it's relative success, they found it's much more profitable to operate as a casino than a faucet. Not to forget, they are also a large bitcoin miner and every reward they gave are generally freshly mined coins.

Anyway, why everyone know about "freebitco" not just about their faucet but also they got a good advertisement or SEO from their name brand.

One of the examples, if everyone wants to know about bitcoin they will search for some information about bitcoin after that they will curious search "how to get free bitcoin". Guess what who is page one of the search history? Yes, freebitco got page one on the search history everyone will try to visit their website. Their referal system also was pretty good went the upline still can share his earning from the referrals to their downline.

Freebitco.in is not only running for long time. It pays its users, although at times the users thought the reward is low. And with Bitcoin so high (compared to 6-7 years ago) the amounts to earn and to withdraw have obviously changed a lot.

The gambling and various contests make the users keep the earnings rolling in-house which makes much less Bitcoins to have to be actually paid.
They've added deposits at some point, becoming more a gambling site than a faucet. There were voices telling that the games are not as fair as advertised but I don't know if the accusations have substance. But they signal that the amounts played and lost may not be negligible.

It's difficult to make such a business as freebitco.in because of its history.
freebitco.in has started as a faucet and when the owner got enough money (also because Bitcoin rose so much in its history) he afforded to also try to get into gambling business.

Today, if one has the funds, knowledge and willing for a gambling website, he'll focus on making a great gambling site. Having a proper faucet will only drain money with no benefit if the casino is successful.
Instead, if one makes a faucet, he most probably doesn't have money for a proper house to also have a casino, so he'll stick to faucet small business.

The faucet things closed a long time ago. I think the last example of the freebitco.in genre is now. I think it might be a bit dependent on his gambling activities. But I am glad that they are online, frankly.

You are right, I'm also not sure there will be a similar faucet next time like this freebitco.in.  I tried many faucets in 2015 but only freebitco.in survived.  The other faucets provided free Bitcoin fixed at that time, while this freebitco.in adjusted the price of Bitcoin which step was properly carried out so that the faucet survived until now and was even more developed.
This faucet was also the first time I knew it in 2015, since 2017 I stopped looking for faucets because of the reason that the price of Bitcoin is soaring high and now I'm in their campaign that's amazing.

Freebitco.in have earned lots of bitcoin before when the price of bitcoin is very low so when compared to current price then the bitcoin they will reward to each user will be a percentage amount of the btc they earn before plus satoshis that are spent on buying lottery tickets, HiLo and other games will cover the expenses they will pay to users. They even have fund raising to donate for the front liners.

They've earned it and now they do able to sustain it for long term until they do add up even more features but they do actually start from that kind of system but we didnt expect for it to be come more bigger like this.

We know that getting so much traffic into your site isnt really an easy task to be done on initial phase.This had been always a faucet site and been loved by lots and later on they decided to add up something
since they do already established that traffic and normally utilize it to generate more income.

That was done in a long process. Do you mean you want to see other sites did the same?

Different sites have different plans. Let their process grow based on their own plan and not by copying content and features.

Didn't you know that in the early years of freebitco.in, there are clickbait advertisements there too? Since they now able to sustain their revenue and put serious effort into building a good reputation, they no longer need much that. They also think outside the box since faucets are literally dead for years now.