Author

Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1127. (Read 566751 times)

hero member
Activity: 2828
Merit: 611
I think when calculating that type of high amounts it is wise to consider the house edge because these people who wager over 250 bitcoins is not stupid enough to try and catch the losses, they are probably doing more stable runs and maybe even low odds, we are talking about chances of losing and all but if you automate it with low satoshi plus high odds of winning there is a bigger chance of not losing in matter of seconds, the house edge is still house edge but that way you won't be getting all your money lost with couple bad streaks.

That is why calculating with house edge is proper on those guys and he literally made 1 bitcoin of it back already, plus he made 50k+ tickets which gives him the highest advantage of winning the lambo over anyone yet its still not decided, many lottery tickets which he could then go and win as well plus rewards points to buy multiple stuff as well.

The "5% house edge covers for the website" can be calculated here by seeing how he lost around 10-15 bitcoin on house edge but recovered about 5+ in many other stuff depending on if he wins or not but even if he doesn't "someone" does so it works eventually.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
~
I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

~
Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.

Including of 1% wagering bonus then another 2.68btc plus it take more time to loose that 10btc because of possible outcome of bet result 0 to 10000 would result a harder bad loosing streak than 0 to 99.9999 (10001 outcomes vs 1000000 outcomes)

Not to mention including the rewards points which if he trades in as you say, it's already worth 1 BTC plus, and not to mention the possible chances he has as a result of the lottery tickets. So I think he has a good chance of breaking even, or, if his intention is to just gain as much as possible, then to even just try and keep his balance and go for RPs and Lottery tickets. We can only know if he comes in and tells us though:)
STT
legendary
Activity: 4102
Merit: 1454
Quote
you lose $100 to the site

The bet on events section is included in the wagering amounts contest and one of the events is the next Republican candidate.   Isnt this a super obvious outcome and an easy bet/win to put a large amount on, is that person who does that really losing anything but gaining tickets and entry into the contests from participating.    42 people bet Nikki Haley as the next Candidate for 2020 election, I love the random outcomes like that as it keeps things interesting but its probably a 1 in a million likelyhood from what I know of USA politics in the last 30 years, hence I'd say the odds arent good enough for me to go that way.    The next best guess would be Pence or others but again less then 1 in 100 imo

I would do the events thing far more, I already placed a few bets on various things but the odds change of course as more information comes through over time.   I realise theres a time adjustment to avoid people piling in at the last minute but I dont know the odds exactly what I'll be paid on, its just a guide as it relies on future money placed on the various outcomes.     I have done bets like that before but I dont know if it'll swing away from what I view as very good odds into a bad odds vs risk scenario.      I guess I'm right in saying all the odds will change and I cant just get fixed odds on some outcome and be more calculating in my risk vs payout
hero member
Activity: 2926
Merit: 722
~
Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.
I don't know where you do get the calculation of 10BTC yet wagered amounts is the total of bets made its either on fixed or random bet size.So theres no exact amount of money that you can loss basing on what you do wager. 3% chance on winning that Huracan is already big considering on how many people do participate with this lottery.

The house edge on freebitco.in is 5%. It means that, on average, you would lose $50 while wagering $1,000. Normally, the more bets you make, the closer you become to the situation when you lose 5% of your wagered amount to the site, but for illustrative purposes I will show that on two bets. If you make two bets with 50% win chance, the most expected outcome is to win one and to lose another. Since the house edge of the site is 5%, the multiplier for 50% win chance is 1.9x.  In case of winning a bet your net profit is $900, and when you lose, you lose $1,000. So, while wagering $2,000 (2 bets, $1,000 each), you lose $100 to the site, or exactly 5% of your wagered amount($2,000).

Now, let's see what is 5% of 268 BTC:

(268:100)x5 = 13.4

It is expected that you will lose 13.4 BTC (or "over 10 BTC", as I said) on a site with 5% house edge while wagering 268 BTC.
Oh I got it.This is just a typical HE we are talking into.Im just little bit curious about that over 10BTC thing without making any calculation.Thanks for the clarification though.
hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2
Sorry if I lost the answer I will ask again.

Any plan to add more sports betting especially on European football/soccer?

We're constantly adding new events. You can select the category 'New" on the betting page to see them. It's summer in Europe so not much football happening but we have added Copa America games and the Cricket World Cup seems popular right now.
legendary
Activity: 2604
Merit: 1517
#1 VIP Crypto Casino
Sorry if I lost the answer I will ask again.

Any plan to add more sports betting especially on European football/soccer?
legendary
Activity: 3514
Merit: 2246
🌀 Cosmic Casino
~
Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.
I don't know where you do get the calculation of 10BTC yet wagered amounts is the total of bets made its either on fixed or random bet size.So theres no exact amount of money that you can loss basing on what you do wager. 3% chance on winning that Huracan is already big considering on how many people do participate with this lottery.

The house edge on freebitco.in is 5%. It means that, on average, you would lose $50 while wagering $1,000. Normally, the more bets you make, the closer you become to the situation when you lose 5% of your wagered amount to the site, but for illustrative purposes I will show that on two bets. If you make two bets with 50% win chance, the most expected outcome is to win one and to lose another. Since the house edge of the site is 5%, the multiplier for 50% win chance is 1.9x.  In case of winning a bet your net profit is $900, and when you lose, you lose $1,000. So, while wagering $2,000 (2 bets, $1,000 each), you lose $100 to the site, or exactly 5% of your wagered amount($2,000).

Now, let's see what is 5% of 268 BTC:

(268:100)x5 = 13.4

It is expected that you will lose 13.4 BTC (or "over 10 BTC", as I said) on a site with 5% house edge while wagering 268 BTC.
jr. member
Activity: 225
Merit: 4
~
I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

~
Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.

Including of 1% wagering bonus then another 2.68btc plus it take more time to loose that 10btc because of possible outcome of bet result 0 to 10000 would result a harder bad loosing streak than 0 to 99.9999 (10001 outcomes vs 1000000 outcomes)
hero member
Activity: 1862
Merit: 590
I would like to see the owner of the site add more sports to bet on like the MLB which I like to bet on, also some golf tournaments and major boxing and UFC fights would also be great to have for us to bet on.
hero member
Activity: 2926
Merit: 722
~
I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

~

Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.
I don't know where you do get the calculation of 10BTC yet wagered amounts is the total of bets made its either on fixed or random bet size.So theres no exact amount of money that you can loss basing on what you do wager. 3% chance on winning that Huracan is already big considering on how many people do participate with this lottery.
legendary
Activity: 3514
Merit: 2246
🌀 Cosmic Casino
~
I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

~

Normally you would lose over 10 BTC while wagering 268 BTC, but, of course, it is not the rule. You can lose more than that, and you can even win some amount in case of luck while wagering 268 BTC. It would be great if the guy appeared here sharing his experience. In any case I wish him the best of luck. Btw, he has 3% chance of winning that Lamborghini Huracan, which, I think, the highest chance of all the other participants.
hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2
Agree on Hi-Lo game, this site beat all of others in term of dice gambling but i am not sure why it is not belonging to casino category (on those ranking sites). I was upset about the house edge and try load shit of other sites to look for an alternative, but all of them have same kind of limit either on betting speed for small size bets or minimum bet size. Most players will not recognize this benefit but the top players/whales running after the wagering contest would prefer this advantage despite high house edge (risking the same capital but x3 x5 speed thus wagering more during the contest time frame)

It is because the casino ranking sites don't understand the business. The house edge pays for all the things we giveaway which exactly the same model land-based bricks and mortar casinos use (typically with a much higher house edge).
I actually think it is a good thing that dicesites.com doesn't list us as our competitors would notice that we always in the top 3 and often first for turnover. They might want to change their business model and compete with us.
Speed is indeed another one of our big competitive advantages.
jr. member
Activity: 225
Merit: 4
If I wanted a lot of tickets for this lottery, I would rather buy them with my own money than wager 20x of the ticket price to receive just one. So, I think, there are big chances of seeing posts from those people here.

Agreed, but when doing so, not only do you get a golden ticket; you also qualify for the monthly wagering contest (and make your referer happy).

I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

His referer has earned $5,000, 1.60956384BTC and the lottery tickets and reward points are tricky here, because
Quote
We also give you 1 free lottery ticket and 2 reward points for every FREE BTC roll your referrals play!

Hi-Lo game is more than just a multiply game where you get a ticket for the lambo; there is a very well designed system behind it

Honestly, every day I get more amazed seeing how well wetsuit has managed to create a site in which he "gives free bitcoins" with only one community manager and himself

Agree on Hi-Lo game, this site beat all of others in term of dice gambling but i am not sure why it is not belonging to casino category (on those ranking sites). I was upset about the house edge and try load shit of other sites to look for an alternative, but all of them have same kind of limit either on betting speed for small size bets or minimum bet size. Most players will not recognize this benefit but the top players/whales running after the wagering contest would prefer this advantage despite high house edge (risking the same capital but x3 x5 speed thus wagering more during the contest time frame)
hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2
A chance to win some more Bitcoin for anyone with an Instagram account.

https://www.instagram.com/p/By2Q8RugR4i/

Quote
The contestants with the highest likes and shares will win a Cash prize pool ($1000 Giveaway) in their FreeBitco.in account.


copper member
Activity: 1652
Merit: 1325
I'm sometimes known as "miniadmin"
If I wanted a lot of tickets for this lottery, I would rather buy them with my own money than wager 20x of the ticket price to receive just one. So, I think, there are big chances of seeing posts from those people here.

Agreed, but when doing so, not only do you get a golden ticket; you also qualify for the monthly wagering contest (and make your referer happy).

I mean, the guy at top of the leaderboard has wagered  268.26064000BTC since June first, obtaining 10,000$ (if no one wagers more than him), 53,652 golden tickets, 53,652,128 lottery tickets and 107,304,256 reward points (at 1 satoshi each atm, so 1.07304256 BTC worth).

His referer has earned $5,000, 1.60956384BTC and the lottery tickets and reward points are tricky here, because
Quote
We also give you 1 free lottery ticket and 2 reward points for every FREE BTC roll your referrals play!

Hi-Lo game is more than just a multiply game where you get a ticket for the lambo; there is a very well designed system behind it

Honestly, every day I get more amazed seeing how well wetsuit has managed to create a site in which he "gives free bitcoins" with only one community manager and himself
legendary
Activity: 3514
Merit: 2246
🌀 Cosmic Casino
~

My calculations put the amount of tickets bought at roughly $20 000+  Roll Eyes  

What was the amount spend on other gambling options and also withdrawals in the past, if only 2+ BTC worth of tickets has been sold for a huge prize like this? I know I spend a lot of dollars on tickets for this, but the test will be when someone comes forward to say that they bought large amounts of tickets with their own money. Roll Eyes


I personally bought one ticket with my own money, and although I have 0.007+ BTC on my freebito.in balance, and thus I can theoretically wager 0.005 BTC placing a bet with 94.06% win chance and receive another ticket I'm afraid of doing so because losing 0.005 BTC in one second is not what I want. ... I mean, I think people who have obtained their tickets from wagering definitely deserve them because wagering 0.005 BTC is not an easy task.

If I wanted a lot of tickets for this lottery, I would rather buy them with my own money than wager 20x of the ticket price to receive just one. So, I think, there are big chances of seeing posts from those people here.
legendary
Activity: 3542
Merit: 1966
Leading Crypto Sports Betting & Casino Platform
I am not saying you will profit greatly but taking ALL of wagered amount out is wrong calculation as well, we can neither calculate it all but we can't take it all out neither, some of it must be thanks to lambo as well.

Welp, translating that into numbers....

TheQuin says that 99.5% of the tickets come from the wagering, so 1,787,537 *0.995.....1,778,600 (rounding up 599.315)

To get one ticket, you need to wager at least 0.005, so 1,778,600 * 0.005.... 8893BTC wagered

I'm guessing that the majority of that cromes from the dice game rather than betting, so let's assume that 65% from hi-lo and 35% from betting. Since betting is a prize pool and I believe there is no comission there,

8893BTC * 0.65......5780.45BTC have been wagered in this hypothetical situation to get those tickets.

If we apply the 5% house edge..... 5780.45 * 0.995.....5751.54775 BTC go back to the users (multipliers not applied here and I'm not sure the house edge was counted that way Undecided )

So if eveytinh up there has been done the right way (I wish), Freebitco.in would have won 28.90225 BTC on house edge to give those tickets away (not taking the return to users who win into account).

The lambo is worth $200.000 or in btc..... 21.5BTC

There are almost 5 months left, so even when you take the winnings on the Hi-Lo game into account, Freebitco.in will be doing a shitload of money from this


Please right anywhere I may have gotten off, my head is not working the right way today so I most likely made some mistakes on the way

My calculations put the amount of tickets bought at roughly $20 000+  Roll Eyes 

What was the amount spend on other gambling options and also withdrawals in the past, if only 2+ BTC worth of tickets has been sold for a huge prize like this? I know I spend a lot of dollars on tickets for this, but the test will be when someone comes forward to say that they bought large amounts of tickets with their own money.  Roll Eyes
copper member
Activity: 1652
Merit: 1325
I'm sometimes known as "miniadmin"
I am not saying you will profit greatly but taking ALL of wagered amount out is wrong calculation as well, we can neither calculate it all but we can't take it all out neither, some of it must be thanks to lambo as well.

Welp, translating that into numbers....

TheQuin says that 99.5% of the tickets come from the wagering, so 1,787,537 *0.995.....1,778,600 (rounding up 599.315)

To get one ticket, you need to wager at least 0.005, so 1,778,600 * 0.005.... 8893BTC wagered

I'm guessing that the majority of that cromes from the dice game rather than betting, so let's assume that 65% from hi-lo and 35% from betting. Since betting is a prize pool and I believe there is no comission there,

8893BTC * 0.65......5780.45BTC have been wagered in this hypothetical situation to get those tickets.

If we apply the 5% house edge..... 5780.45 * 0.995.....5751.54775 BTC go back to the users (multipliers not applied here and I'm not sure the house edge was counted that way Undecided )

So if eveytinh up there has been done the right way (I wish), Freebitco.in would have won 28.90225 BTC on house edge to give those tickets away (not taking the return to users who win into account).

The lambo is worth $200.000 or in btc..... 21.5BTC

There are almost 5 months left, so even when you take the winnings on the Hi-Lo game into account, Freebitco.in will be doing a shitload of money from this


Please right anywhere I may have gotten off, my head is not working the right way today so I most likely made some mistakes on the way
hero member
Activity: 2828
Merit: 611
Of course, you are giving those things, I do not mean "you are normally not giving anything back" in the sense of reward points and etc, I mean you normally do not give lambo, this is the first time you are doing it and maybe last time but at least this is not normally something you do, I was only talking about the lamborghini.

It means if you are giving away to people who wager you are already giving the reward points the referral income the lottery tickets and everything else but the difference is you are also now giving lambo tickets which I think should mean there must be an increase in the wagered amount, considering that is 5% house edge as well that must be calculated as well, I am not saying you will profit greatly but taking ALL of wagered amount out is wrong calculation as well, we can neither calculate it all but we can't take it all out neither, some of it must be thanks to lambo as well.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
Cool, just realized that the rewards points came on last week and it wasn't a weekend. Only occurred to me now when I'm reading updates about randomizing the RP bonus times that this isn't on the weekend necessarily anymore. Good switch IMO. Not everyone is free on weekends, I know that when I'm most active usually its because of downtime at the office:)
Jump to: