Hi, TheQuin!
Today I can't login to my account, can you please check? I got "incorrect login details", while they are definitely correct.
My login on freebitco.in is [email protected]
Thanks.
Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1093. (Read 566923 times)
September 28, 2019, 07:10:32 AM
September 27, 2019, 02:49:32 PM
Not to add to argument here but if you are active in this forum and check out a lot of the gambling threads then you know DarkStar and SyGambler are a few of those who are 100% in +EV. And that means clear profit.
Nope. Most of the bets I make are theoretically -EV and usually for fun now. Occasionally I find some +EV opportunities on FreeBitco.in or from promotions on sportsbooks and that's about it.
Being 100% in +EV doesn't mean clear profit either, it means that you're theoretically expected to profit in the long run. Variance can causes losses.
September 27, 2019, 01:55:05 PM
Not to add to argument here but if you are active in this forum and check out a lot of the gambling threads then you know DarkStar and SyGambler are a few of those who are 100% in +EV. And that means clear profit. You don't even need to be so technical. Just keep an eye out for promotions and be active and you win something for almost nothing. Seems pretty clear to my simple mind +EV is long term gain.
Exactly right, doesn't matter if you bet on +EV positive because there will be people who bet on +EV negative and that means casinos will always make money, its just the way they are built and nobody really could change that, sure you can find some +EV positive bets here and there but they are not that common neither so long story short there will always be profits to be made by the casinos at all times.Yeah, freebitcoin is a place that literally gives free bitcoin, that is in the name and you can make a ton of free money and put them on betting and make it bigger or lose them and in the end you will end up with zero losses because you literally got the wager for free from them, but that doesn't mean you are not down in money, you could have collected that money and cashed it out as well.
September 27, 2019, 06:11:45 AM
Not to add to argument here but if you are active in this forum and check out a lot of the gambling threads then you know DarkStar and SyGambler are a few of those who are 100% in +EV. And that means clear profit. You don't even need to be so technical. Just keep an eye out for promotions and be active and you win something for almost nothing. Seems pretty clear to my simple mind +EV is long term gain.
September 26, 2019, 06:22:32 PM
People think that if they bet on the smaller team that becomes +ev positive for some reason. That is not always the case, the simple mathematics normally behind all of these sportsbooks (which freebitcoin could be considered to have a part of it on betting) is that when people bet on each side, the total should come down to whoever side wins website gets a cut, so the losers should be paying for the winners,
You are talking about the house edge. As you mentioned correctly there is a simple mathematics behind the website which guarantees the profit of the house. From my understanding, expected value is something different. The expected value can be positive and negative. The odds can be determined so probability of winning is higher than the probability of losing. But even if the expected value is positive, the house edge still guarantees that the house makes profit. You are not the only person gambles. The total profits and losses of all gamblers is always in favor of house.
September 26, 2019, 10:28:17 AM
People think that if they bet on the smaller team that becomes +ev positive for some reason. That is not always the case, the simple mathematics normally behind all of these sportsbooks (which freebitcoin could be considered to have a part of it on betting) is that when people bet on each side, the total should come down to whoever side wins website gets a cut, so the losers should be paying for the winners, now that doesn't always happen on all bets but when you take the average on a long term for a sportsbooks life that should be the eventual outcome. Hence there is really no +ev in long term, sure there are small once in a while ones but they are not common and they never happen frequently which is why sportsbooks manage to make so much money in the end.
September 25, 2019, 06:43:04 AM
I've placed a few +EV bets, yes.
Only a few bets? From your telling, I would expect you to get a Lambo out of this bright idea.
I've said that it's possible to get +EV bets on FreeBitcoin and that buying lottery tickets is dumb since you're playing with a extremely high effective house edge. I've never stated that you can profit hundreds of thousands of dollars from FreeBitcoin by betting on sports when the 'market' makes it +EV.
I had a friend profit about $2000 once due to a significant upset, and that's the largest I've heard from people betting +EV on this site. He's the only one I talk with who does/did this though.
Well, if we had a bet on the Rugby World Cup match between Fiji and Uruguay, a lot of people would have lost a shitload of money, because I would have never guessed in my wildest dreams that Uruguay would have won Fiji.
I think I am going to bet on the underdogs from now on, because the difference between countries are getting smaller and smaller with former coaches from big teams, coaching lesser known teams now and lots of players from stronger countries playing for smaller countries.
Look at this for another reason why this happens ---> https://www.youtube.com/watch?v=Bs3ApMosT70
September 24, 2019, 12:24:58 PM
The discussion about "Expected Value in Sports Betting" is going to become off-topic. I created a new topic about it on "Gambling discussion" child board to have more people involved in the discussion.
Here is the link:
https://bitcointalksearch.org/topic/expected-value-in-sports-betting-5187281
Here is the link:
https://bitcointalksearch.org/topic/expected-value-in-sports-betting-5187281
September 24, 2019, 12:19:53 PM
I can't count how many times you just contradicted with yourself.
First you said, casinos limit people because some smart people are able to do super +EV calculations and ruin casinos with their earnings, (btw you also admitted that you are one of those +EV guys)
yes I did say that , and I'm already limited in both sportsbet and Fortunejack
they don't ruin casinos earnings BTW , you may only profit 1000$ with a sportsbetting site and they can limit you after that
sometimes casinos limit bettors who are even negative , simply because they are beating the starting price which indicates that the bettor is professional
but once a casino find out that you are making good bets they will limit regardless how big or small you won of them , they don't want to lose any money and they only want -EV bettors
Now you are saying you are not making that much.
I'm making enough money and more than what the average people are making , never said that I'm not making that much but you are the one who is raising the expectationsaccording to your logic anyone who is making good money should have a lambo
You claim that you found a loophole to abuse the casinos and you claim that you are successfully executing it.
It is logical to have one.
Anyway glad it worked out for you. Have a nice day.
September 24, 2019, 12:17:25 PM
I can't count how many times you just contradicted with yourself.
First you said, casinos limit people because some smart people are able to do super +EV calculations and ruin casinos with their earnings, (btw you also admitted that you are one of those +EV guys)
yes I did say that , and I'm already limited in both sportsbet and Fortunejack
they don't ruin casinos earnings BTW , you may only profit 1000$ with a sportsbetting site and they can limit you after that
sometimes casinos limit bettors who are even negative , simply because they are beating the starting price which indicates that the bettor is professional
but once a casino find out that you are making good bets they will limit regardless how big or small you won of them , they don't want to lose any money and they only want -EV bettors
Now you are saying you are not making that much.
I'm making enough money and more than what the average people are making , never said that I'm not making that much but you are the one who is raising the expectationsaccording to your logic anyone who is making good money should have a lambo
September 24, 2019, 12:05:15 PM
What limit did sportsbet.io put on you so you won't send them to bankruptcy. It is ok you can tell us. You are among friends.
it depends on the league , for the popular top leagues my limits are high enough but yesterday for example I wanted to bet on a low game handball game and they allowed me to bet only 0.06 mbtc
I don't use them alone though so I can just search that game in any other site and bet it as well
Now post your lambo.
why should I have a lambo ?did I claimthat I'm making millions of dollars ?
nobody here even said that you can make a lot of money betting on sports , that doesn't mean that you can't make money at all
I can't count how many times you just contradicted with yourself.
First you said, casinos limit people because some smart people are able to do super +EV calculations and ruin casinos with their earnings, (btw you also admitted that you are one of those +EV guys)
Now you are saying you are not making that much.
Funny world.
September 24, 2019, 12:03:08 PM
What limit did sportsbet.io put on you so you won't send them to bankruptcy. It is ok you can tell us. You are among friends.
it depends on the league , for the popular top leagues my limits are high enough but yesterday for example I wanted to bet on a low game handball game and they allowed me to bet only 0.06 mbtc
I don't use them alone though so I can just search that game in any other site and bet it as well
Now post your lambo.
why should I have a lambo ?did I claimthat I'm making millions of dollars ?
nobody here even said that you can make a lot of money betting on sports , that doesn't mean that you can't make money at all
September 24, 2019, 11:58:15 AM
What limit did sportsbet.io put on you so you won't send them to bankruptcy. It is ok you can tell us. You are among friends.
it depends on the league , for the popular top leagues my limits are high enough but yesterday for example I wanted to bet on a low game handball game and they allowed me to bet only 0.06 mbtc
I don't use them alone though so I can just search that game in any other site and bet it as well
Now post your lambo.
0.06mbtc? You must have scared the shit out of them.
September 24, 2019, 11:56:53 AM
What limit did sportsbet.io put on you so you won't send them to bankruptcy. It is ok you can tell us. You are among friends.
it depends on the league , for the popular top leagues my limits are high enough but yesterday for example I wanted to bet on a low
I don't use them alone though so I can just search that game in any other site and bet it as well
September 24, 2019, 11:51:59 AM
Bruh you keep saying some people do this, some people did that.
Why don't you just do it yourself?
You seem to figured it all out.
I'm already doing it
What limit did sportsbet.io put on you so you won't send them to bankruptcy. It is ok you can tell us. You are among friends.
September 24, 2019, 11:49:57 AM
Bruh you keep saying some people do this, some people did that.
Why don't you just do it yourself?
You seem to figured it all out.
I'm already doing it and few people here in the forums do actually know that , so I'm not just giving you theories
not sure why it matters tho ?
there are professional traders right ? can everybody do that ? if someone wasn't able to do that does it mean that nobody can make money trading ?
September 24, 2019, 11:46:23 AM
Odds are determined based on probability of different outcomes of an event so the house makes profit.
If we use the probabilities considered by the house for calculation of EV, EV is always negative.
There are some gamblers that calculate the EV based on implied probability. Implied probability is the probability of winning of teams based on the gambler's opinion and analysis.
If implied probability differs from probability. The expected value might be positive.
Note that the website always makes profit. No matter what is the outcome of the event. Positive expected value does not mean that the website does not make profit or it goes bankrupt. Because the house edge is always positive.
So, the expected value is positive only if we use implied probability in the calculation of that.
If we use the probabilities considered by the house for calculation of EV, EV is always negative.
There are some gamblers that calculate the EV based on implied probability. Implied probability is the probability of winning of teams based on the gambler's opinion and analysis.
If implied probability differs from probability. The expected value might be positive.
Note that the website always makes profit. No matter what is the outcome of the event. Positive expected value does not mean that the website does not make profit or it goes bankrupt. Because the house edge is always positive.
So, the expected value is positive only if we use implied probability in the calculation of that.
September 24, 2019, 11:42:04 AM
just try researching it a little bit and you will find all the answers , I just gave you an obvious example why sportsbetting sites limit some bettors
do you find any other reason why a gambling site would limit some people ?
why would a gambling site limit some bettors when it totally depends on luck ?
you have a lot of posts about trading so I think you do trade regularly , have you ever seen any trading platform limiting some traders to 10$ trades only while allowing others to trade hundreds of thousands ?
do you find any other reason why a gambling site would limit some people ?
why would a gambling site limit some bettors when it totally depends on luck ?
you have a lot of posts about trading so I think you do trade regularly , have you ever seen any trading platform limiting some traders to 10$ trades only while allowing others to trade hundreds of thousands ?
Bruh you keep saying some people do this, some people did that.
Why don't you just do it yourself?
You seem to be figured it all out.
September 24, 2019, 11:40:43 AM
just try researching it a little bit and you will find all the answers , I just gave you an obvious example why sportsbetting sites limit some bettors
do you find any other reason why a gambling site would limit some people ?
why would a gambling site limit some bettors when it totally depends on luck ?
you have a lot of posts about trading so I think you do trade regularly , have you ever seen any trading platform limiting some traders to 10$ trades only while allowing others to trade hundreds of thousands ?
do you find any other reason why a gambling site would limit some people ?
why would a gambling site limit some bettors when it totally depends on luck ?
you have a lot of posts about trading so I think you do trade regularly , have you ever seen any trading platform limiting some traders to 10$ trades only while allowing others to trade hundreds of thousands ?
September 24, 2019, 11:24:54 AM
These are the guys that stay out side of the "pretty much always"
How many of them are around?
By "pretty much always", i mean you, me, darkstar here typing his answer, pretty much everybody.
For you, and me and pretty much everybody, EV is... wait for it...
completely meaningless.
How many of them are around?
By "pretty much always", i mean you, me, darkstar here typing his answer, pretty much everybody.
For you, and me and pretty much everybody, EV is... wait for it...
completely meaningless.
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