FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1068.

Indymoney

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Quote from: UserU on November 21, 2019, 08:08:19 AM

Quote from: keyscore44 on November 21, 2019, 06:39:50 AM

Unfortunately. The longer you play, the more likely you lose. Maybe little off top, but playing in casinos, on machines, I noticed a certain regularity. Not always, but often. At the beginning, the machine gives you a win to make you think that there is a chance to win more, because it came so easily and quickly .. However, over time, it gets what gives you at the beginning and what is yours also .. Wink

That's what the house edge is for. But then, treat gambling as a form of entertainment rather than a get-rich scheme. I've ripped countless times but it's the thrill of playing (not losing, of course) 😆

Some time I also feel I have to do something about this but every time as I have some good amount I cannot stop my self and have some big loses today I was really bore and try on dice which give some good shock as I lost 0.03 bitcoins now hopefully I will take break for some long time.

UserU

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Quote from: keyscore44 on November 21, 2019, 06:39:50 AM

Unfortunately. The longer you play, the more likely you lose. Maybe little off top, but playing in casinos, on machines, I noticed a certain regularity. Not always, but often. At the beginning, the machine gives you a win to make you think that there is a chance to win more, because it came so easily and quickly .. However, over time, it gets what gives you at the beginning and what is yours also .. Wink

That's what the house edge is for. But then, treat gambling as a form of entertainment rather than a get-rich scheme. I've ripped countless times but it's the thrill of playing (not losing, of course) 😆

keyscore44

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Quote from: mindrust on November 20, 2019, 11:34:33 AM

Quote from: keyscore44 on November 20, 2019, 06:45:07 AM

Quote from: mindrust on November 19, 2019, 10:36:33 AM

Quote from: UserU on November 19, 2019, 08:27:58 AM

^ What he said. After all, the win amount is capped at 20BTC so of you want to win that 32 back, you've to bet another 12, that is if you've got the pocket (and guts) Cheesy

I don't understand how it is not going to work.. if you want to win 32 btc, wager 10 btc with %50 chance and wager another 6 with the the same setup. Theoretically it is the same thing as wagering 16 btc at once to get 32...

Not exactly. Keep in mind the house edge. As far as I know, it is 5% on Freebitco.in (I think it was before, but I can be wrong). Anyway with one roll the risk is less than with several.

You are right I missed that part. The more you play the more chances for the house edge to get its %5 cut out from you.

This could be tolerated if we were trying to win only 30-32btc but things change a lot when we try to win something like 60 btc. (you'll need to wager 10btc 3 times)

Unfortunately. The longer you play, the more likely you lose. Maybe little off top, but playing in casinos, on machines, I noticed a certain regularity. Not always, but often. At the beginning, the machine gives you a win to make you think that there is a chance to win more, because it came so easily and quickly .. However, over time, it gets what gives you at the beginning and what is yours also .. Wink

sana54210

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Quote from: Indymoney on November 19, 2019, 04:46:48 PM

Quote from: JP Esq on November 18, 2019, 04:52:44 PM

Any chance we could have this weekends English Premier League and La Liga matches added to the betting section? Its a been a while since weve had the chance to bet on these matches. Thanks in advance if possible.

I am also expecting some good amount of soccer matches as we are going after International break and @wetsuit must give some good favor to punters for betting on euoprean leagues this week specially from England, Spain and Germany lets see what reply came from @TheQuin about this.

Yeah, because of the euro ones and national ones we haven't had any decent regular league matches so it will be really fun to go back to those games, I know the others are fun here and there but when they cause this much break I don't really like it. Also it is too weird for someone like me who have been using freebitcoin for 5 or so years to actually come to this topic and see discussions about soccer Cheesy

.

I mean this place wasn't this huge enormous place that has all these things back in the day, if I remember correctly there was just faucet and maybe lottery as well when it started, all these interest rates, contests, lambos, sports all came down later (maybe dice was there as well when it first started I am not sure) so to come here and talk about soccer is still a bit weird.

mindrust

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Quote from: keyscore44 on November 20, 2019, 06:45:07 AM

Quote from: mindrust on November 19, 2019, 10:36:33 AM

Quote from: UserU on November 19, 2019, 08:27:58 AM

^ What he said. After all, the win amount is capped at 20BTC so of you want to win that 32 back, you've to bet another 12, that is if you've got the pocket (and guts) Cheesy

I don't understand how it is not going to work.. if you want to win 32 btc, wager 10 btc with %50 chance and wager another 6 with the the same setup. Theoretically it is the same thing as wagering 16 btc at once to get 32...

Not exactly. Keep in mind the house edge. As far as I know, it is 5% on Freebitco.in (I think it was before, but I can be wrong). Anyway with one roll the risk is less than with several.

You are right I missed that part. The more you play the more chances for the house edge to get its %5 cut out from you.

This could be tolerated if we were trying to win only 30-32btc but things change a lot when we try to win something like 60 btc. (you'll need to wager 10btc 3 times)

UserU

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Quote from: keyscore44 on November 20, 2019, 06:45:07 AM

Not exactly. Keep in mind the house edge. As far as I know, it is 5% on Freebitco.in (I think it was before, but I can be wrong). Anyway with one roll the risk is less than with several.

You are correct. 0 - 4750 | 5250 - 10000 for a 2X payout.

keyscore44

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Quote from: mindrust on November 19, 2019, 10:36:33 AM

Quote from: UserU on November 19, 2019, 08:27:58 AM

^ What he said. After all, the win amount is capped at 20BTC so of you want to win that 32 back, you've to bet another 12, that is if you've got the pocket (and guts) Cheesy

I don't understand how it is not going to work.. if you want to win 32 btc, wager 10 btc with %50 chance and wager another 6 with the the same setup. Theoretically it is the same thing as wagering 16 btc at once to get 32...

Not exactly. Keep in mind the house edge. As far as I know, it is 5% on Freebitco.in (I think it was before, but I can be wrong). Anyway with one roll the risk is less than with several.

Betwrong

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Quote from: mindrust on November 19, 2019, 02:52:35 PM

%25 is for winning 32 btc.

there are 4 possible outcomes.

a) win (10) lose (6) > wagered 16, won 20 - %25 > we are 4 btc up
b) win (10) win (6) > wagered 16, won 32 - %25 >>>> this one is what we want but it may not happen
c) lose (10) win (6) > wagered 16, won 12 - %25 > we are 4 down
d) lose (10) lose (6) > wagered 16, won 0 - %25

As you see your chances to win 32 btc is %25 but also your chances to lose everything is also went down to %25 from %50. Sometimes it is better to think both possibilities Wink

I have a feeling that we are starting to lose track of where we started.

Why do we need to win 32 BTC, in the first place? It's because we lost 31 BTC prior to this point. We were talking about martingale with 1 BTC as initial bet, basically about the following sequence of losses:

1, 2, 4, 8, 16

as a result of which we lose 31 BTC.

So, in this case

Quote from: Lakai01 on November 19, 2019, 02:36:07 PM

BTC wise you are right, you win 32 BTC in both setups ... IF you win. Chances that you do (and reach your 32 BTC target) are way higher in the first setup. In your second setup you have to win both bets, resulting in a chance of 25% (1/2 * 1/2) vs. the 50% chance in the first setup.

Correct me if I am wrong please Wink

In my opinion, you are right. Winning two times in a row with 50% win chance is two times less probable than winning just once with the same win chance.

slaman29

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Quote from: redsun114 on November 18, 2019, 02:09:47 PM

I wonder when will freebitco.in actually have "staking" option eventually, I know they are mainly a bitcoin website but considering these dudes put on top of everything they have ever done so far, it feels like maybe another coin could be in their radar?

It is doubtful and it is a lot of work to integrate any other coin but that seems like the logical next step in the end, not now, no any time soon but considering this website has been in operation for 120 years now Cheesy

it is only logical that one day in the distant future they may actually have other coins and have staking because that is also free money to people as well. They already have some sort of "staking" for bitcoin where they give 4% for it and no other place I know does anything remotely same as that, so it doesn't look too impossible.

Exactly. There is a staking option and you get it daily, with no penalty for removal at any time, I don't risk everything of course but it really feels good to be earning just that tiny bit of satoshi when you have a big bankroll and are going for the Lambo (golden tickets). I know the balance I had was nowhere near the whales but I was seriously rolling (in my standards) and every day getting significant amounts of BTC just for having that balance there? No other site does this:)

Indymoney

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Quote from: JP Esq on November 18, 2019, 04:52:44 PM

Any chance we could have this weekends English Premier League and La Liga matches added to the betting section? Its a been a while since weve had the chance to bet on these matches. Thanks in advance if possible.

I am also expecting some good amount of soccer matches as we are going after International break and @wetsuit must give some good favor to punters for betting on euoprean leagues this week specially from England, Spain and Germany lets see what reply came from @TheQuin about this.

luksbit

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Quote from: JP Esq on November 18, 2019, 04:52:44 PM

Any chance we could have this weekends English Premier League and La Liga matches added to the betting section? Its a been a while since weve had the chance to bet on these matches. Thanks in advance if possible.

Taking advantage of the momentum, and the liberators of america Futebol final will there also be a bet?

mindrust

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%25 is for winning 32 btc.

there are 4 possible outcomes.

a) win (10) lose (6) > wagered 16, won 20 - %25 > we are 4 btc up
b) win (10) win (6) > wagered 16, won 32 - %25 >>>> this one is what we want but it may not happen
c) lose (10) win (6) > wagered 16, won 12 - %25 > we are 4 down
d) lose (10) lose (6) > wagered 16, won 0 - %25

As you see your chances to win 32 btc is %25 but also your chances to lose everything is also went down to %25 from %50. Sometimes it is better to think both possibilities Wink

SquallLeonhart

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Even if you have an infinite amount of bankroll, there is a limit to how much you can win, as far as talks go it is said 20 bitcoins here so that means if you martingale or do any other method eventually you will reach a max cap where all you can win is 20 bitcoins, so if you lose that as well you can't double that or do anything different and you will start to slowly just balance your bet out with 5% house edge on the line as well.

Hence, when you gamble too big, the "infinite" doesn't matter, you can have 50000 bitcoins in your hands or 50, it is all the same when the max is 20 bitcoins. Sure, you can just ignore the losses when you are gambling with that much money in your pockets and losing 100 bitcoins is not really that big if you are a wealthy whale with 10k+ bitcoins but it is still impossible to bet more than the max bet.

Lakai01

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BTC wise you are right, you win 32 BTC in both setups ... IF you win. Chances that you do (and reach your 32 BTC target) are way higher in the first setup. In your second setup you have to win both bets, resulting in a chance of 25% (1/2 * 1/2) vs. the 50% chance in the first setup.

Correct me if I am wrong please Wink

mindrust

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Quote from: UserU on November 19, 2019, 08:27:58 AM

^ What he said. After all, the win amount is capped at 20BTC so of you want to win that 32 back, you've to bet another 12, that is if you've got the pocket (and guts) Cheesy

I don't understand how it is not going to work.. if you want to win 32 btc, wager 10 btc with %50 chance and wager another 6 with the the same setup. Theoretically it is the same thing as wagering 16 btc at once to get 32...

UserU

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^ What he said. After all, the win amount is capped at 20BTC so of you want to win that 32 back, you've to bet another 12, that is if you've got the pocket (and guts) Cheesy

TheQuin

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Quote from: mindrust on November 19, 2019, 04:56:17 AM

Quote from: Betwrong on November 19, 2019, 04:21:55 AM

Quote from: mindrust on November 19, 2019, 12:43:10 AM

Quote from: Lakai01 on November 18, 2019, 01:12:51 PM

Quote from: UserU on November 18, 2019, 07:44:05 AM

Quote from: TheQuin on November 18, 2019, 01:04:25 AM

There are not many high rollers that play like that. We've got a max win of 20 BTC per roll so they would have to go 1.2x with a 79.17% win chance. Need some balls to do that.

Do those HRs mainly Martingale? Palms be sweaty, knees weak, arms are heavy each time the bet is doubled.

Depends on his stack I think. You shouldnt stick to Martingale if your bankroll isnt huge or you may get wracked in no matter of time. Imagine he starts with 1 BTC and has a loss streak for eg 5 games. He would have lost 1 + 2 + 4 + 8 + 16 BTC at the blink of an eye.

You shouldn't stick to martingale unless your bankroll is infinite.

I repeat, INFINITE.

No matter what the amount is, 1 or 100 or even 1000+, sooner or later there will be a round where you'll have to go all in to save your initial bet which is probably a few thousand sats. If it is lower, it is even worse.

The thing is that there is a cap on the max win, which is 20 BTC, so even an infinite bankroll wouldn't help you much.

If we take UserU's sequence as an example, after losing 16 BTC with your last bet, or

1 + 2 + 4 + 8 + 16 = 31 BTC in total

you have no chances of getting it back with your next bet, because you can't bet 32 BTC with 47.50% win chance. What you can do is to bet 32 BTC with 57.58% win chance (1.65x payout), an win 20 BTC back in the best case scenario, but that's not what players usually expect from martingale.

You can still use multiple accounts to bypass that limitation. I don't know if it is against the rules but I don't think TheQuin would complain about it anyway. If you are down more than 30+ btc though, bypassing that limitation is probably make things worse for you. That limitation is there for your own good.

Multiple accounts wouldn't make any difference. You still have to break the loss down into smaller amounts whether you do it in the same account or not.

mindrust

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Quote from: Betwrong on November 19, 2019, 04:21:55 AM

Quote from: mindrust on November 19, 2019, 12:43:10 AM

Quote from: Lakai01 on November 18, 2019, 01:12:51 PM

Quote from: UserU on November 18, 2019, 07:44:05 AM

Quote from: TheQuin on November 18, 2019, 01:04:25 AM

There are not many high rollers that play like that. We've got a max win of 20 BTC per roll so they would have to go 1.2x with a 79.17% win chance. Need some balls to do that.

Do those HRs mainly Martingale? Palms be sweaty, knees weak, arms are heavy each time the bet is doubled.

Depends on his stack I think. You shouldnt stick to Martingale if your bankroll isnt huge or you may get wracked in no matter of time. Imagine he starts with 1 BTC and has a loss streak for eg 5 games. He would have lost 1 + 2 + 4 + 8 + 16 BTC at the blink of an eye.

You shouldn't stick to martingale unless your bankroll is infinite.

I repeat, INFINITE.

No matter what the amount is, 1 or 100 or even 1000+, sooner or later there will be a round where you'll have to go all in to save your initial bet which is probably a few thousand sats. If it is lower, it is even worse.

The thing is that there is a cap on the max win, which is 20 BTC, so even an infinite bankroll wouldn't help you much.

If we take UserU's sequence as an example, after losing 16 BTC with your last bet, or

1 + 2 + 4 + 8 + 16 = 31 BTC in total

you have no chances of getting it back with your next bet, because you can't bet 32 BTC with 47.50% win chance. What you can do is to bet 32 BTC with 57.58% win chance (1.65x payout), an win 20 BTC back in the best case scenario, but that's not what players usually expect from martingale.

You can still use multiple accounts to bypass that limitation. I don't know if it is against the rules but I don't think TheQuin would complain about it anyway. If you are down more than 30+ btc though, bypassing that limitation is probably make things worse for you. That limitation is there for your own good.

Betwrong

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Quote from: mindrust on November 19, 2019, 12:43:10 AM

Quote from: Lakai01 on November 18, 2019, 01:12:51 PM

Quote from: UserU on November 18, 2019, 07:44:05 AM

Quote from: TheQuin on November 18, 2019, 01:04:25 AM

There are not many high rollers that play like that. We've got a max win of 20 BTC per roll so they would have to go 1.2x with a 79.17% win chance. Need some balls to do that.

Do those HRs mainly Martingale? Palms be sweaty, knees weak, arms are heavy each time the bet is doubled.

Depends on his stack I think. You shouldnt stick to Martingale if your bankroll isnt huge or you may get wracked in no matter of time. Imagine he starts with 1 BTC and has a loss streak for eg 5 games. He would have lost 1 + 2 + 4 + 8 + 16 BTC at the blink of an eye.

You shouldn't stick to martingale unless your bankroll is infinite.

I repeat, INFINITE.

No matter what the amount is, 1 or 100 or even 1000+, sooner or later there will be a round where you'll have to go all in to save your initial bet which is probably a few thousand sats. If it is lower, it is even worse.

The thing is that there is a cap on the max win, which is 20 BTC, so even an infinite bankroll wouldn't help you much.

If we take UserU's sequence as an example, after losing 16 BTC with your last bet, or

1 + 2 + 4 + 8 + 16 = 31 BTC in total

you have no chances of getting it back with your next bet, because you can't bet 32 BTC with 47.50% win chance. What you can do is to bet 32 BTC with 57.58% win chance (1.65x payout), an win 20 BTC back in the best case scenario, but that's not what players usually expect from martingale.

UserU

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Quote from: mindrust on November 19, 2019, 12:43:10 AM

Quote from: Lakai01 on November 18, 2019, 01:12:51 PM

Depends on his stack I think. You shouldnt stick to Martingale if your bankroll isnt huge or you may get wracked in no matter of time. Imagine he starts with 1 BTC and has a loss streak for eg 5 games. He would have lost 1 + 2 + 4 + 8 + 16 BTC at the blink of an eye.

You shouldn't stick to martingale unless your bankroll is infinite.

I repeat, INFINITE.

No matter what the amount is, 1 or 100 or even 1000+, sooner or later there will be a round where you'll have to go all in to save your initial bet which is probably a few thousand sats. If it is lower, it is even worse.

True that. There was a time I started with 4-digits Sats and the whole thing ended up nomming almost 1 BTC. I was on a loss streak of almost 15 rounds!

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