Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1271. (Read 559436 times)

Thank you for confirming that. Sorry again for the delay, wetsuit is away on business at the moment and hasn't been able to get online much. The processing of the redemptions is done manually and quite a lot of work. Normally we are able to do it weekly but this was just a case of bad timing.

Okay - Just an update on my Reward Points redemption .


I got my egifter.com coupon which I test-redeemed ( to my mail ID) . So it works .. My only grouch is that it came after almost 3 weeks after I redeemed.  ( I understand ( hear) that the admin at freebitco.in is super busy )
Thanks 'TheQuin' for being patient on my nagging request .
My trust quotient went up one notch.

I have to confess I haven't asked that but it is usually my default assumption on the internet that everyone is either a dude or a dude pretending to be a chick. /jk


I will pass those questions on but wetsuit isn't about much at the moment so it could be a while before I get any answers. I also wouldn't expect too much information on the financial side of things as that's understandably confidential. There is a bit of information you can see on the stats page. The chart "BITCOINS WON IN THE LAST 10 DAYS" shows gross winnings including free-rolls. The chart "WAGERED IN THE LAST 10 DAYS" shows how much was bet so statistically, you could assume with a 5% house edge that would make 5% of that figure the gross income. As well as the faucet that also has to fund the lottery as most tickets we give away, then the reward points, referral payments and then hosting etc.

I can answer #4.

It's impossible to actually detect them anymore as they have become so sophisticated they look more like humans than actual humans do now. That's why we ended up having to lower the rewards. The botnets buy captcha solves and if we pay more than the price they pay then there's a profit to be made by them.

#5 Speaking personally I've got 517 referrals and about 25 of them have been active a very long time. I think there's just a lot of luck involved there.

Ok, So I presume that the owner is Male?  

Let's fire away and see if he would want to respond to some of the questions. I will not ask anything that will compromise his

real identity. 

1. Is the Faucet a huge profit drain on the whole operation after advertisements were stopped? {rough percentages?}

2. What is the biggest expense for the site? {Faucet pay-out or referrals or hosting fees and Admin cost?}

3. Do you have redundancy? {Backup plans if something goes wrong?}

4. How difficult is it to stop the bots? {I know from experience that they are a pain in the ass.}

5. What percentage of new users stay active? {My referral drop-off is about 100% in only 1 or 2 months}

That is all for now, he can pick what is too private or inconvenient to answer, but I steered away from being to personal. 

I don't see how the fact that not all players are buying the tickets can be relevant to the estimation of winning chance. Maybe I really missed the point here, so please explain what did you mean.



Yes I did. Last time it happened not so long ago, in the previous lottery round: two people with less than 400 tickets each, won two prizes, 1.92400046 BTC and 0.03006251 BTC. And something like this happens every month or even more often. For example 10 rounds ago, in the round 140, someone won 0.52907709 BTC with 39 tickets. You can check it all by yourself by clicking  LOTTERY in the top bar of the front page and then PREVIOUS ROUND WINNERS.

Ten people every week win something on the lottery.

LOTTERY ROUND 151
This round, the winner with the lowest number of tickets is #7 with 1,394 tickets.
#1 won 1.37411221 BTC with 1,348,111 tickets.

If you calculate it that way may be it is a right thing but do you consider that not all players are buying the tickets? They can get it for free, like by gambling or even taking from the faucet so not every single tickets are bought so I think you really missed the point here. And btw do you even saw that 400 tickets able to win that prize? No need to win that 1st prize but there is other 9 more so if this is free so why not? We do not losing anything from the start though

Is there anybody who has won something in lotteries?

It is still owned and operated by the person that created it. You can go back to the OP of this thread to see who that is.

Feel free to ask any questions you like. He still does read these threads it is just that he doesn't have time to do it regularly.

This is a great idea! Only I would suggest to gather the questions beforehand, like one week prior to the AMA, in order for more people would have the chance to participate.

Btw I 'm not sure about whether the site is still owned by the same people who created it. If the site was acquired then it would be interesting  to ask some questions to the original creators too. For example, what are they doing now?

Maybe you should take risks especially when you are not lucky, because your luck quata is not used up then.
But if your always lucky, you might not have enough luck left to win. XD

That's a very interesting theory. But please tell me how you will find out if you are lucky or not if you never take a risk?

You must have good luck. Few lucky. Therefore, if you are not lucky, do not take risks.

What is the chance of one of the owners doing a AMA about Freebitco.in on Reddit or on this forum? They can obviously

answer only the questions that they feel comfortable with, but it would be nice to know something more about these people

who has done so much for this Bitcoin community. {Example : What motivated you to start a faucet / What was the most

money that you paid out with FREE ROLLS in a day or month... etc. / Will the faucet side fade away over time to make way

for more gambling... etc.} 

If luck permits you then you will win a huge amount using that small capital, that's how lottery attracted more gamblers, because of the believe
that if lucky day hit them then the winning ticket will bring the cash, purchasing more ticket gives you some good chances to win but if you
trace back the figure its still can't assure you to win, still the same fate will happen only lucky holders will win the draw.

The point about lotteries is not that you will lose, the point is that the expected return is negative. If you spend $1 on a lottery tickets, the expected mathematical return is always less than $1 (I'm leaving aside EV+ lotteries, like the one Crypto-Games used to run). The good side, however, is that you have the chance to get a very big price risking a very small amount.

Actually you can only win one price in the lottery.
In the description it says:

But you are right. In the lottery you will most likely loose, so I would consider every spending on lottery tickets a loss.

I wouldn't encourage anyone to buy more tickets for a lottery to increase their chances to win. Since the total amount of tickets is huge,  640,472,661 in the last round for example, you have to spend big money, 3.2 BTC in the latter case, in order to have 50% chance to win the biggest prize, 1.92400046 BTC. Of course there is a possibility to win 2 or 3 prizes with 320,000,000 tickets, but even in that case you will hardly recover your investment.

Meanwhile I've bought more tickets for the next round, and now my win chance with 720 tickets is 0.00229106%.

By spending up some btc to try your luck is not really bad thing, since small amount of money still will boost your winning chance here. But to think that 400 tickets will hit something good on the prize, I do not really believe that. I tried this around 4 years ago and yet I never hit on their lottery. I ever dis to put some amount there like 0.001-0.01 btc but yet nothing happen too. So for this time I will stay this way, claim the faucet and buy something with it