Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1263. (Read 565943 times)

Crickets.  lol  It sure got awful quiet all of a sudden  He's usually all spunky and rearing to reply.  Maybe he got canned/muted lol.

So like Vegas you're now using plumes of smoke to hide stuff... Shame the forum is without a flashing lights functionality...

In other words you're just avoiding answering me.

Fixed.  See, like I said,  he leaves out the important details.  LMFAO.  The same business model is successful at 0% edge when it's done properly online (and no it doesnt require ads but it DOES require being licensed/registered in every applicable jurisdiction that you want to service) and yes I can give examples (erm, I already have but you keep reporting them and having them deleted because you're trying to hide the facts under the guise of some retarded forum rule that really doesnt apply when given context which the mods never read LMFAO).  Having an absurdly high 5% house edge online is just snake oil'ish (your terms not mine).  And not being registered/licensed (anywhere,  let alone in the US) is a huge red flag as well.  So stop talking like this is some sort of legit operation.  BECAUSE ITS NOT.  And you clowns wonder why I target you with my public bot haha.  #idiots

We are not in Vegas but we use the same business model of giving away free stuff to bring customers in. We don't run a massive progressive slot jackpot funded by a 17% edge, we run a faucet, lotto and rewards program funded by a 5% house edge.
 

THE LOTTERY IS NOT RUN AT A LOSS. I KNOW YOU DONT HAVE MUCH DATA TO RUN OFF AS YOURE JUST GOING OFF WHAT WETSUIT TELLS YOU.



I'm not in Vegas, none of us are in Vegas that's not an excuse.
Where's the ground rent you have to pay and the taxes and the staff that need employing?
Who's a troll, I can't tell anymore. Is it you, is it them, is it wetsuit? You're all just spreading FUD everywhere.

LMFAO,  cool more lies that are easily debunked.  So explain why 80% or more of most ticket sales are done right after the lottery tweet goes out.  This is people buying tickets with 1sat based on the current total they see,  not with free anything,  reward or otherwise.  It's a mad dash right at the end of the lottery scheduled time in order to get the largest/highest possible winning percentage.  I wouldnt doubt that the "free" tickets account for less than 1% of the pot.

But since Freebitco DOESNT SHOW THAT STATISTIC (the reason is because if they did,  the lies would be exposed,  and even if they DID display it,  it would obviously be fake numbers anyway because there is no proof,  those transactions are not on a blockchain anywhere),  all we have to go on is hearsay buy a bunch of known criminals.

NEW FEATURE:  Lottery tickets that are purchased as ETH ERC20 token.  Therefore every ticket can be accounted for as to how it was purchased.  Thats the ONLY way to prove that the numbers are what you say they are.  There is no other way to prove it.  But we all know that'll never happen because then all the lies you spewed out in the past would be uncovered.

The lottery is run as a loss leader. Most of the tickets are either given away through free rolls or lotto RP bonus or bought with free rolls winnings. As I explained to Kakmakr earlier.


Vegas casinos run an edge anywhere between 5% and 17% on their most popular games.

broken_record just wants to make a lot of noise and call us out for running a successful casino using the same business model. I've already answered all his bullshit countless times. He just goes back to the start and tries and fails to make the same arguments again.

Report them then?
It would be quite interesting to watch...

And the issue you have is with casino's not this one in general. The 5% house edge is quite high but that's how gambling works, but 5% is EXTREMELY high I'll give you that one.
And the bandwidth thing is right, it probably doesn't take much to run their servers.

How to get them is not what I was referencing.  It's how the capitol for those free rolls is created.  Free rolls only exist because the dice game causes people to lose on purpose (it's purposefully rigged AGAINST players with a massive 5% house edge).  Therefore those "tickets" are also coming from that massive 5% house edge.  Since the players are the ones footing the bill for the house edge and not Freebitco,  it's the PLAYERS that are losing,  not freebitco.  Wetsuit no longer has his own capitol in the site.  He got that all back years ago.  He started it with 5BTC and has since made that back and then some.  Like.  A LOT of then some.  They might say "Oh but the cost of the servers" yada yada is just utter BS.  I'm a systems administrator and I know that a server only costs $20/month max for a site like this.  The bandwidth wouldnt be all that bad either because it's all text.  No videos, images,  etc.  The cost to pay TheQuinN might be something to consider but unless he's making a few mill/month,  his cost isnt really that much compared to what he site does in profit anyway.  Casinos are extremely profitable.  Thats why they are banned nearly everywhere (including online,  freebitco isnt exactly legal in the US because it does no KYC among other requirements heh) because if they could,  they'd have a casino in every town causing a large percent of the population to become completely poor due to gambling habits.  So if you realize that they are already operating with less than legal/honest status,  you need to question everything else as well.  https://www.gamblingsites.com/online-gambling-jurisdictions/us/  Quite a few states just outright ban online gambling all together regardless (Since that time, state law related to gambling has continued to evolve. Some US states have gone so far as to outlaw online gambling outright. The states of New Jersey and Nevada, for example, have declared that all non-state regulated online gambling is illegal. The other anti-online gaming states outlaw Internet betting in all forms.)

All it would take is for one disgruntled player to contact their state with a complaint and shit would change in a hurry for wetsuit.  This is why I have absolutely NO respect for any illegal online casino (such as freebitco) or anyone who works for one.  I'll abuse them until the cows come home (with my bot of course lol) because I know there is nothing they can do legally about it without getting themselves in hot water as well.  So dont believe anything Wetsuit or TheQuinN have to say.  They are just as much of a crook as any one else doing illegal things.  They dont get to call the kettle a cooking item when they are themselves a stove and will burn you at every opportunity possible.  I'm sure the IRS would be interested in just how much BTC goes through wetsuit's paws.

OK. Other than the bit of craziness at the end... Erm what?

You don't have to lost the multiply game to get tickets, I can get them just by multiplying with a few sats it's not that difficult and you can do the captchas otherwise.

Or you could use your reward points to try to get more tickets per free roll also?

Yea but I dont consider those as a "loss" because someone had to deposit and lose in multiply game for me to get those,  so it's not anything freebitco had to fund themselves.  The users of the site fund it,  not freebitco.  Thus freebitco cant claim it as "a loss" to them because it's not.  So thats why I was asking where one could buy tickets for less than 1 sat (the point is you cant heh).  TheQuinN has a bad habit of trying to paint things in snake oil speak (classic marketer,  he likes to call others snake oily instead of looking in the mirror so I call him snake oil in return lol).  He purposely leaves out important details that users should know.

It ISN'T being run at a loss. If that's what you and wetsuit are saying @thequin then quite frankly you are both lying (though I don't have an algorithm to run through the data and check).

I imagine it's probably more like you breakeven on the lottery than don't get a profit from it.

@broke, every time you click roll you get two free tickets.

Can that be proven?  I find this an interesting statement.  I pay zero attention to the lottery because it's pointless but saying it runs at a loss is interesting,  I'd like to see how thats calculated.  I took a quick look at last week's Lottery and I see it had 10.50793433BTC worth of tickets (1,050,793,433) sold but it appears that only about 5.13095333 was actually paid out.  That's suspiciously close to the 47.5% rate of the multiply rolls.  So how is the lottery any different.  If 1 ticket == 1 Sat,  then 1,050,793,433 / 100,000,000 == 10.507....  So how do you figure it's run at a loss?  From where I sit,  that looks like a MASSIVE profit to me.  Where can you buy lottery tickets for less than 1sat?  Free rolls dont really count because that capitol was paid for by someone depositing and losing on the dice.  So how can you say you run it at a loss if the capitol you give out was not yours to begin with?  I think it's safer to say 'we dont profit from the lottery' rather than 'we run it at a loss' because thats not actually the case.  You simply dont make anything from it (which I think is a lie anyway but whatever).  And nothing is "rigged in the players favor".  Just because the site makes nothing on it (if thats even true, which I HIGHLY doubt or it wouldnt run it,  there is no such thing as free, especially when it comes to casinos),  that doesnt mean the thing gives the player any more chance to win than my bot does.

I agree. As long as it's working for you, you don't have to change anything. Dice sites with lower house edge don't have lotteries, 2 free tickets for which are given to users every free roll they make. Your another advantage is that you are one of the oldest and respected BTC related sites around. You have such a good reputation that those random "accusers" popping up here from time to time are only making fun of themselves.

That's how the site runs. The 5% house edge pays for all the other things that attract users to the site. It's the same model they use in bricks and mortar casinos. If you walk down the Vegas strip you won't see billboards showing how low their house edge is you'll see they compete to have the highest progressive slot jackpot and comps. Free drinks, meals, tickets to a show or a penthouse suite for high rollers. That's a business model that works in the gambling industry and part of the reason why we have a turnover as high or higher than all the 1% house edge crypto casinos.

Why are you still running the Lottery then, if it is running at a loss or are you cross-subsidizing it from the gambling side of the site?

Can you not just get rid of the Lottery and reduce the house edge for the gambling side, because that has been a contentious subject for a long time now.   <5% is just not competitive with other gambling sites>

I know the Lottery is a good "carrot" and extra feature for the site, but running it at a loss, will influence other features that are on offer.  

There's a different proportion for free tickets than there is for paid for tickets. I don't know the exact formula, we need to be able to keep control of how much we lose, so it might change in the future.

I didnt mean any harm, I was just asking for how exaclty is the amount decided? And okay it cannot be rigged if the prize is more than what players put in

You are right, it is rigged. We giveaway far more tickets than we sell so we run it at a loss. It's rigged in the players' favour every week.

Well if that percentage indiactes the chances of you getting the 1st prize then yes, you are correct.

Also, what is the relation between the prize pool and the number of tickets? Do the satoshis algebraically add up to the number of tickets? This must be set to prevent the lottery from being rigged.