Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1081. (Read 566969 times)

It's not that easy to calculate the effect of Lambo lottery on wagering volume. The wagering volume depends on many factors. One of them is price of bitcoin which is always changing. For example in a bull market, crypto-related websites becomes more popular.
Does it really matter the percentage of the gamblers that would gamble if there was no Lambo ticket. In freebitco, There is a provably fair game in Freebitco and everything is clear. No one can cheat you and no one force you to gamble in Freebitco.
Lambo lottery is a kind of promotion. What's the problem? You can win tickets and you can wager to get them. You can also ignore them and leave Freebitco. No one force people to gamble or buy the tickets.

Well, in order to do that we first have to take a look at years ago and move from there. I know it would take a long time to calculate but that would help you calculate better. I mean as long as you don't want to, you don't have to share anything and need to do anything at all, you can just say "my word is the last" and be done with it, I am just answering because that looked like a real question instead of a sarcastic one.

Now, this lotto started back in may right? So why don't you go back to a year ago before that, last years may and look at monthly wagered numbers for the whole year before the lambo thing started, that way you get the sense of an average how much was played. Now after that you can check monthly on how much it was wagered during the lambo deal as well.

So, now we have one thing which is 1 year before lambo and you see if there is a % increase every month or so, that would mean that even if there was an increase you would remove the previous increases from this one as well because it was increasing even without lambo and now that increase doesn't count into lambo.

You can also take a look at betting part and how much there was betted and remove those as well considering maybe none of them are related to lambo. So, you are left with whatever is on top of that as lambo increase if you ask me.

The biggest factor driving volume on the site is Bitcoin price and the general level of interest that goes with that. We always do a lot more business in a bull market.


OK. You tell me the formula I should use to determine how much of the 150 BTC wagered yesterday would not have been wagered if we weren't giving away a Lambo and I'll tell you how well the promo is doing.

I figured with that many tickets sold it was pretty definite but there is a difference from the promotional allocation and people buying, if they were all straight out sold then it would be clear enough.     Also big difference from a margin on any product and actual cleared profit after various costs, its not exactly clear though gambling is supposed to be a good business to be in.

    The big question and doubt I've heard many times as criticism for Bitcoin in general is how would it fair in a harsh economy, a recession, hard money.   All thats been true for almost a decade now is central banks inflating and nannying the economy so as to stop it falling over, eventually none of us can stop the tide so Bitcoin will face harder times for sure imo.   Weak FIAT or easy money is a bonus for crypto and much of tech Im pretty sure, going back to the original tech boom that was part of the story.


I got that in the mail and its not a problem by me.   I used to have Freebitco account for years with no email and fairly sure I lost track of it at some point when distracted and who knows what balance I had as price rose so much it might have been a good figure now.  Its fairly sensible to register properly and I understand why they really want people to do that so they get individuals as business not the enterprising multiple personality types :p

Why would he lie? He already told us many times the website is doing great in general. What is he going to gain now for saying that the lottery wasn't a big success? To me he is just being honest about what's going on.

Thequin how could you say "other factors" when there is literally a lambo giveaway on the website lol, it is obvious that lambo did managed to help you guys out to get bigger.

You are saying the %99.5 of it was "givenaway" but considering there is 5.75 million tickets sold even 50k of it being bought at 25k satoshi each would equal to 12 bitcoins, which means around 100k tickets bought regularly, I am not even talking about the part where you guys given away tickets to people who gambled 50k satoshi, even at 5 million of those equals to 2500 bitcoins gambled, sure there could be wins as well as losses but on average at 5% you should be looking at 125!!! bitcoins, which equals to close to a million dollars.

Now, I am not saying you should come up and say "we struck gold with this" but if you ever try to mean you didn't profit like a King over this, you are being a liar.

Why there is not option - sell gold tickecks? I have 145 and would like to sell or so.
Sure not for 100% of price  . 

So, it means still about 1/3 of the world population does not have internet, so you can imagine that those who do, there are some just living just a bit better than the poorest people of the world.

And no, I do not think everyone pays for internet. I get very basic internet free (very slow) and you can have a very cheap phone that is not even a full smartphone.

FREEBITCO  IN   needs make Bets for south american footballs  and next great  game is Flamengo(brazilian) and River Plate(argentina) ..  in Big Final of Libertarians Cup >>on november 23/  2019   SANTIAGO/CHILE

@Everyone speculating about this.

We certainly didn't sell enough tickets to cover the cost. Last time I check 99.5% were given away. It's not possible to say for sure if it was profitable as the income is 5% of the increase in turnover caused by running the promotion. We have done well over the last 6 months but you can't know if that was due to the Lambo or other factors.

They've made a profit on it imo, I think it was said its not actually hedged out but seems quite clear it was a success in selling enough tickets to cover the prize 100%   I'd be surprised if it was a one off but maybe some Tesla next time as thats topical and trendy car to have and I doubt 90% of this thread lives near a good size racetrack that can actually take a supercar of this size and give it space to stretch its legs.   Living in a city with such a car is like keeping a cheetah in a 1 bed flat all its life.
Valid candidates for a prize of super car stature would also include something off road like a Merc G wagon I think

Given the current price of bitcoin, 200,000 dollars is equal to 26 BTC. As the house edge is 5%, Freebitco needs 520 BTC to be wagered to earn those 26 bitcoins. According to statistics shown on the website, yesterday's wagering volume was 156 bitcoins. So it doesn't takes even a week to earn those 26 bitcoins.
However they are paying for weekly lotteries and contests too, 26 BTC is not a big amount of BTC for Freebitco.

Its really to much I never done any thing like this for lottery because I beleive its mostly matter of luck but after checking your this post feeling good for you hopefully this works for you because its really good if member from here have prize like this best luck and my all best wishes for you.

It's simple. They could already afford the Lambo to begin with.

Of course the giveaway must not be too easy, hence the betting and deposit minimums. So imagine highrollers and other players wagering more than usual to claim the tickets. Those additional profits then recuperate the cost of the Lambo.

I can't believe it has been 6 months, I still have not enough tickets to my liking, I wanted to finish with 100 and I am down a lot. It doesn't really matter anyway, if you win you can win with 1 ticket, 100 tickets wouldn't be really that much of a difference on the scale of things considering how many people have entered as well (or at least how many tickets have been sold).

I would like to ask wetsuit or thequin if this was profitable? I mean you have given away tickets for free both on deposits for a while and have been giving away from the wagering so maybe you made a ton of profit from that part or maybe not (you could maybe see the difference before the lambo and after the lambo casino profits) but in the end I feel like there must be a lot of money made from just pure ticket selling as well. Will you guys profit? Lose? Break evenish?

Guys, it's the FINAL week before the Lambo contest ends! Can't believe it came so quickly, but I'm proud to say I've already got 3-digit ticket numbers haha.

And this huge wagering I've been doing in past weeks is making me so nervous. Still in loss overall, but this will be another lottery week of over 40k, probably even 50k or 60k tickets and right now 0.33% chance to win.

Maybe my luck comes!

It is sad to see my country has higher cost internet costs than even the richest countries, we are a poor country yet our mobile plans are still at the rate of a big rich country like USA. India is doing it right because without competition the prices would have been super high there as well and most people would still get it, sure there would be some people who wouldn't but the overall profits would still have been higher thanks to no regulations and high prices.

If we are talking about a country where people are poor, everything should be super cheap, if we are talking about a country where people are richer than they should be expensive. I hate the fact that Americans go around on movies and tv shows and even social media and say stuff like "I am only making 55k a year, that is not enough to live" while they have a SUPER HIGH standard of living even on lower wage levels compared to like 90%+ of the world.

Well, I wasn't talking about those who are starving, but rather about those who don't have spare money for any investment. According to World Hunger Statistics, "Some 795 million people in the world do not have enough food to lead a healthy active life." Probably these 800 million people indeed don't have internet access, but I bet over a billion of those who have, still can't afford buying Bitcoin, or gold, or anything else apart from bare necessities.


I agree with you.

super rich ? the prize isnt hundred  millions or billions on here  and regular claimers can only recieve small amount of tickets and thier chance of winning is still small but if they win i think they will be placed on lower numbers and only get consolacion prize .

reward points isnt equivalent to money but it those rp's are like power ups which can be used to activate other bonuses  . im a long time member here but i cant make the most out of them . faucets cant make you rich even if you put alot of effort .

but they have ads before ? i havent seen one before  . they started a long time ago but they are still alive which means they can sustain the site without the help of ads  .

Don't forget the fact that every time you claim you are getting lottery tickets so one could get super rich in third world country standards all of a sudden all thanks to this.

Plus, if you keep doing it long enough you could use your reward points for first more reward points than for more money than again more reward points so all in all you would be making a lot more money plus you would be still making a decent amount of reward points even if not as much as you use to.

This website is no longer supported by advertisements so when everyone collects free money and gives nothing back they can't sustain forever, they would go bankrupt, so we should not see this as only a faucet but a combination of many things. Plus there is investment right now and I love that as well.