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Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1028. (Read 561615 times)

newbie
Activity: 28
Merit: 0
Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
@Betwrong no I didn't buy any of my tickets at all, never bought a single ticket. I got all of it from freerolls and multiply. Been slowly accumulating a big balance on the site and gambling with it, very conservatively with max amount bet 10% of bankroll and always taking advantage of RP bonus.
legendary
Activity: 2100
Merit: 1058
In the last round of the lottery (Round 240), there were totally 260 million tickets. They cost 2.6 BTC. The value of total prize given to winners was 0.65 BTC.
So, 25% goes to winners and 75% goes to the house.
If you buy the tickets to participate in the lottery, it's like that you play a game with 75% house edge.
75% going to the house looks like huge. But I think it's not very accurate to say this. Because out of these 260 million tickets, huge number of it were received for free (free rolls, wagering, betting, as commission from referrals). Bought tickets make only small part of total tickets. So, I think it's normal that only 25% goes to lottery winners.
I know a big part of tickets come from free rolls, referral, wagering, etc.
I was talking about the profitably of buying tickets. I was not talking about the profit house makes with lottery tickets and I didn't say going only 25% to winners is not normal. Considering free tickets, I don't think the house even makes any profit in the lottery.

The game is in favor of those who earn tickets via free rolls, referral, wagering, etc. But those who participate in the lottery by buying the tickets play a game with 75% house edge.
It doesn't mean that the house is making 75% profit.
75% house favor is not house making 75%, that 75% includes all the free tickets gave away and not the tickets bought. So yeah, if you buy tickets you could be at disadvantage but house is usually at disadvantage by giving away so many free tickets, each and every single roll is one free ticket and considering that it means they are most of the time not making any profit at all but not losing too much neither and considering they do have a ton of people wagering on their hi/lo they are not losing that much important money on lottery and just let it be even if it loses a bit for them.

However the reality is, you do increase your chances to win by buying more tickets, doesn't mean you will win but nobody can deny that more tickets = bigger chance, that part is still true.
hero member
Activity: 1680
Merit: 505
At this point, I am just questioning the legitimacy of this site..

 Grin Grin It can't be said that it was a elaborate statement .. Could you share your doubts with us, or maybe what you think destroy the credibility of this well established website that has been existing for years and giving away Bitcoins for free?
newbie
Activity: 24
Merit: 0
At this point, I am just questioning the legitimacy of this site..
legendary
Activity: 3500
Merit: 1354
^^^^
Lottery round 240 just ended. The winner of fifth place had only 16 tickets. Also, the winner of sixth place had only 79 tickets.
Earning more tickets (buying them or earning them) improves your chance, but the outcome depends on your luck. You can win the lottery with only 1 ticket and a user with more than 50 million tickets wins nothing.
A good example is round 232 where the first winner had only 2 tickets.

That is exactly how lottery works, as it is a game of luck. More tickets is indeed more chance to win but it does not push your luck by buying many tickets.
Buying more tickets is fine, but we should not force ourselves to do it. At least we should not go over our own limit.
There are many example of winners here with low number of tickets, they are so lucky winners and I believe those were from the free tickets only.
ESG
member
Activity: 145
Merit: 54
store secretK on Secret place is almost impossible
Hi guys, seems freebitco is still leading website and rewards aren't small at all but I have some questions that I didn't understand.
Website says that there is Bonus +0.00000378BTC added to all rewards but still I get basic 0.00000405 BTC payout in each roll.
Also it states:
1. increase your FREE BTC rewards by up to +0.00000513 BTC
2. 57.3814% achieved towards the next +0.00000027 BTC bonus!
I didn't understand why I don't get this rewards and is there any bar that fills to understand whether my lottery bought increases freeroll rewards?
Since it states that Bonus +0.00000378BTC is added to all rewards, why don't I get that?

Because the base is 27. 27+378=405
Regular free-roll basic reward is 27satoshi, so if you get 405 while free-roll, your reward was boosted as promised.
Hope it helps.



......but if you don t play /  bet the needed or don t   deposit the minimum//  you win free  on free roll, only  0.00000008 now?  that s  vey little..  and he's well far from the mind the site says paying..  i don t  know what they do with  the remaining// or why give a lot little to person   what can not  Deposit a minimum..  or dont want lost yours litlle satoshis  on betting//gambles???>>>    or  you spend money or you dont win??  i think it is..   >>>0.00000025 - 0.00000008 = 0.00000017(?) REMAINING??}}}  this was ever  my doubt about it...  is big vicious circle  to people  cant do make a deposit???
legendary
Activity: 2002
Merit: 1016
I realize that the more tickets you have, the more likely you are to win. However, just the example of a winner with two tickets shows that more depends on luck.
I wonder if the users who buy tickets finally come out financially positive or they lose ...  Roll Eyes

At first, i also thought that in order to win, we have to collect many tickets and the one with most ticket will have more chances of win, but this is actually not the case. However, buying more tickets increases the probability of the win but does not grantee win. A person with a single ticket can be lucky to win and a person with 100 tickets may lose on a day, if he is unlucky.

Yep, it was already counted by @hosseinimr93 here:

https://bitcointalksearch.org/topic/m.53529155

and explained better here:

https://bitcointalksearch.org/topic/m.53530585

The conclusion is that it is not profitable to buy lottery tickets, because if we do not take luck into account, the return in the long run can be only 25%.
So luck is still the most important thing here.
sr. member
Activity: 1022
Merit: 280
I realize that the more tickets you have, the more likely you are to win. However, just the example of a winner with two tickets shows that more depends on luck.
I wonder if the users who buy tickets finally come out financially positive or they lose ...  Roll Eyes

At first, i also thought that in order to win, we have to collect many tickets and the one with most ticket will have more chances of win, but this is actually not the case. However, buying more tickets increases the probability of the win but does not grantee win. A person with a single ticket can be lucky to win and a person with 100 tickets may lose on a day, if he is unlucky.
legendary
Activity: 3374
Merit: 2198
🌀 Cosmic Casino
^^^^
Lottery round 240 just ended. The winner of fifth place had only 16 tickets. Also, the winner of sixth place had only 79 tickets.
Earning more tickets (buying them or earning them) improves your chance, but the outcome depends on your luck. You can win the lottery with only 1 ticket and a user with more than 50 million tickets wins nothing.
A good example is round 232 where the first winner had only 2 tickets.

Yeah, luck indeed! Been watching every round for a while now and there's always ALWAYS at least 1 winner with far fewer tickets than me. And seeing someone win with only 16 tickets which is like claiming freeroll 8 times (which is what I can do on 1 day on a free day!) well that's simply awesome.

Still trying to get in one more round of ticks with the 4x bonus... 1 hour left, so far got myself up to almost 0.5% chance of winning. Been really testing my luck a lot but anyway, already very happy to be where I am.

I've spent more than 50k sats on lottery tickets and never won even the smallest prize. And I'm not surprised because the highest win chance I had was less than 0.01%. But you said you had around 0.5% win chance, which means you bought around 0.013 BTC worth of tickets. Did you win anything in the last round? Because I thought you could. But, on the other hand, we don't expect winning with the very first roll when betting with 0.5% win chance on dice, right? I don't know about others but I make at least 20-30 rolls with that win chance, and consider myself very lucky if I win.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
^^^^
Lottery round 240 just ended. The winner of fifth place had only 16 tickets. Also, the winner of sixth place had only 79 tickets.
Earning more tickets (buying them or earning them) improves your chance, but the outcome depends on your luck. You can win the lottery with only 1 ticket and a user with more than 50 million tickets wins nothing.
A good example is round 232 where the first winner had only 2 tickets.

Yeah, luck indeed! Been watching every round for a while now and there's always ALWAYS at least 1 winner with far fewer tickets than me. And seeing someone win with only 16 tickets which is like claiming freeroll 8 times (which is what I can do on 1 day on a free day!) well that's simply awesome.

Still trying to get in one more round of ticks with the 4x bonus... 1 hour left, so far got myself up to almost 0.5% chance of winning. Been really testing my luck a lot but anyway, already very happy to be where I am.
hero member
Activity: 2646
Merit: 686
It is a faucet for ducks sake,  you can't expect to make fat bucks if you already have no money. That logic applies to every goddamn business in life.

The more money you have, the more you make.
It is not really a small amount when you do it multiple times a day, let's calculate around the world wages and how much you can make from freebitcoin and see if it really worths it for some people or not.

I know it could be lesser for some people but to me the lowest I make per roll is 162 satoshi, sure that requires a bit of commitment to reach there (I at least hope Cheesy ) but the imaginary person we talk here also does this as a side-job anyway so he must be at least as dedicated to this as I am.

162 satoshi per roll means 1944, almost 2k satoshi per day, now some days could be more but some days could be less so lets average around 2k satoshi per day, for 30 days a month that is 60k satoshi. That is around 5 bucks right now, you may think that may not worth it for you and most of the time you are right but for example people in Venezuela wouldn't mind getting that much money right now right? Or people in Zimbabwe? Or Georgia, or northern Cyprus? Cuba?

I mean these are all extra money that would help them, on top of that they would get a lot of reward points for doing so many free rolls and many lottery tickets as well so that 5 bucks is not the money they will %100 get all the time, that is the bare bottom, they can get on top of that depending on luck.

Freebitco was not created to make someone rich over night but it’s purpose was to add extra income to ones wallet, I too have used Freebitco in the past to earn few hundred dollars and it was worth the effort as every income small or big matters to me. @lixer you’re correct even though this income is small it’ll definitely help them in the long run, and if those people can get couple of referrals then they’ll earn good side income too which will probably help them meet their daily expenses.
hero member
Activity: 2688
Merit: 588
It is a faucet for ducks sake,  you can't expect to make fat bucks if you already have no money. That logic applies to every goddamn business in life.

The more money you have, the more you make.
It is not really a small amount when you do it multiple times a day, let's calculate around the world wages and how much you can make from freebitcoin and see if it really worths it for some people or not.

I know it could be lesser for some people but to me the lowest I make per roll is 162 satoshi, sure that requires a bit of commitment to reach there (I at least hope Cheesy ) but the imaginary person we talk here also does this as a side-job anyway so he must be at least as dedicated to this as I am.

162 satoshi per roll means 1944, almost 2k satoshi per day, now some days could be more but some days could be less so lets average around 2k satoshi per day, for 30 days a month that is 60k satoshi. That is around 5 bucks right now, you may think that may not worth it for you and most of the time you are right but for example people in Venezuela wouldn't mind getting that much money right now right? Or people in Zimbabwe? Or Georgia, or northern Cyprus? Cuba?

I mean these are all extra money that would help them, on top of that they would get a lot of reward points for doing so many free rolls and many lottery tickets as well so that 5 bucks is not the money they will %100 get all the time, that is the bare bottom, they can get on top of that depending on luck.
copper member
Activity: 1485
Merit: 23
freebitco.in Official PR Account
Here's a special bonus for you.
8 RP/free roll, 4 RP/referral free roll, 4 RP/multiply roll.

4x reward points (RP) promotion currently running and ends in 3hours.

legendary
Activity: 2380
Merit: 5213
In the last round of the lottery (Round 240), there were totally 260 million tickets. They cost 2.6 BTC. The value of total prize given to winners was 0.65 BTC.
So, 25% goes to winners and 75% goes to the house.
If you buy the tickets to participate in the lottery, it's like that you play a game with 75% house edge.
75% going to the house looks like huge. But I think it's not very accurate to say this. Because out of these 260 million tickets, huge number of it were received for free (free rolls, wagering, betting, as commission from referrals). Bought tickets make only small part of total tickets. So, I think it's normal that only 25% goes to lottery winners.
I know a big part of tickets come from free rolls, referral, wagering, etc.
I was talking about the profitably of buying tickets. I was not talking about the profit house makes with lottery tickets and I didn't say going only 25% to winners is not normal. Considering free tickets, I don't think the house even makes any profit in the lottery.

The game is in favor of those who earn tickets via free rolls, referral, wagering, etc. But those who participate in the lottery by buying the tickets play a game with 75% house edge.
It doesn't mean that the house is making 75% profit.
legendary
Activity: 3262
Merit: 1376
Slava Ukraini!
In the last round of the lottery (Round 240), there were totally 260 million tickets. They cost 2.6 BTC. The value of total prize given to winners was 0.65 BTC.
So, 25% goes to winners and 75% goes to the house.
If you buy the tickets to participate in the lottery, it's like that you play a game with 75% house edge.
75% going to the house looks like huge. But I think it's not very accurate to say this. Because out of these 260 million tickets, huge number of it were received for free (free rolls, wagering, betting, as commission from referrals). Bought tickets make only small part of total tickets. So, I think it's normal that only 25% goes to lottery winners.
legendary
Activity: 2380
Merit: 5213
I wonder if the users who buy tickets finally come out financially positive or they lose ...  Roll Eyes
If you gamble or claim the faucet, you will get some free tickets. Perhaps you win the lottery with the free tickets you get and make a good profit. But it's not a good idea to buy lottery tickets.
In the last round of the lottery (Round 240), there were totally 260 million tickets. They cost 2.6 BTC. The value of total prize given to winners was 0.65 BTC.
So, 25% goes to winners and 75% goes to the house.
If you buy the tickets to participate in the lottery, it's like that you play a game with 75% house edge.
legendary
Activity: 2002
Merit: 1016
I realize that the more tickets you have, the more likely you are to win. However, just the example of a winner with two tickets shows that more depends on luck.
I wonder if the users who buy tickets finally come out financially positive or they lose ...  Roll Eyes
legendary
Activity: 2380
Merit: 5213
^^^^
Lottery round 240 just ended. The winner of fifth place had only 16 tickets. Also, the winner of sixth place had only 79 tickets.
Earning more tickets (buying them or earning them) improves your chance, but the outcome depends on your luck. You can win the lottery with only 1 ticket and a user with more than 50 million tickets wins nothing.
A good example is round 232 where the first winner had only 2 tickets.
legendary
Activity: 3276
Merit: 2442
Dear 100 is nothing even if you have 100K then still you have no guarantee of prize from top 10 for more details you can check round 239 result as 240 is still under review one person have 1,130,807 tickets and he is on 8 and another person with 1208 is on 10th and winner is going with 49389 tickets its all about luck no one can help you for win a prize.

That's why we call it lottery... it is about your luck.

Most of those people with 50-100k+ tickets have lots of and lots of referrals which generate free lottery tickets for them every day. So they don't actually lose anything. You can't cash out your lottery tickets neither. It is kinda passive income bonus on top of that those sweet referral click payments.
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