Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1312. (Read 559764 times)

Mining is profitable only if you use a computer you don't pay electricity for. If you running your own devices, it's not worth it.

so the best system to look up there would be the Pass Bet or maybe Ponzer.   Start a thread if you know how to implement these

not sure of those methods but people should slap themselves everytime Martingale is mentioned to remember because its never worked.  Even in theory it was some tiny gain if working

I tried the mining on this site and I'm not sure how its proceeding but its not especially profitable.   I have a modern 8 core with 20mb 3rd level cache, even if it only ever used the CPU it should do better then this.   ITs probably mining the wrong coin.   But anyhow its nice they put it there at all I guess but its 90% not worth it

Congratulations. You are really lucky to win $20 in BTC just in few months. I'm member of Freebitco.in for more than 3 years and I never won their second price. I only rolled $2 worth prize once. But I still hoping to win their grand prize one day...

LOTTERY ROUND 137
This round, the winner with the lowest number of tickets is #10 with 3,120 tickets.
#1 won 0.86447480 BTC with 4,416 tickets.

Wow, congrats on your second prize winnings, I never won anything higher than the 4th prize, but also hoping (like everyone) to win the first prize one day .

Thanks, on my part too. I knew martingale is a bad system where you increase your risk exponentially to win just the base bet, but I hadn’t thought about it like that: “you increase the house edge”.

But it doesn’t matter if this keeps being said in all the betting forums, Wikipedia or wherever, people will keep using martingale.

The other point you talk about is quite interesting as well, and in poker and sports betting is widely known as bankroll management. It consists in making small bets, compared to the total money you have in the casino account. Many gamblers would be better off doing bankroll management.

Just stopped by to say that the site works perfectly for me in the last couple of months. Thanks guys for no captcha to solve before free rolls and for the fast rolls.

Won the second prize two times recently. Still hoping to win the highest free roll prize, $200 worth of BTC. Good luck to everyone!

There's no more giveaway here, it's useless to give your btc addess, as already said a few posts earlier.

OK, thanks for the explanations. It's true that new condition on bonus account (no bet higher than 10% of the total bonus) slows the decreasing of the "need to wager" amount, thus increases risk of bursting before reaching zero.
To make it decrease faster, I was reducing bet amount and played also for jackpots (roll 8888) as the full amount of jackpot cost is deduced from the remaining wager amount.

It looks like he may be new to this hi-low game and that's why excited with the methods in youtube. He will soon realize that he may be wasting his time in this hi-low game to earn money from it. In this game even if you play with your deposited money there is no guaranty that you will earn money because results depend on only luck. So don't waste your money to play this game with your deposited money.

How are you going to gamble by using faucet that not even worth? I do not think that any strategy will work on hi-lo since your faucet is very small amount, if you want to gamble on their site you should consider to deposit your balance and try out some strategy that you get from everywhere. But as I can say here no startegy will work in a long run and also they got some pretty huge house edge which is tend to lose faster

Because you go back to base bet after each win you end up increasing your average loss in proportion to your win.  You can only ever win the base bet amount but often risk much larger amounts. There are ways to gamble that make winning less likely but none that can give a better expectation than the house edge.

I just spent ages on Google trying to find a decent mathematical example of this and without finding my old maths teacher I can't remember exactly how to demonstrate it myself. This roulette example is the best I could find:

https://en.wikipedia.org/wiki/Martingale_(betting_system)

Pretty much, if you have a balance of 0.05 and try to win 0.0005 in a few dice bets you have a fair chance of coming out a winner. If you try to get 0.0005 up to 0.05 then most times you'll end up busting.
They changed the hi-lo bonus requirements a while back. The "The maximum wagering requirements that you can fulfil in a single bet cannot exceed 10% of the original amount of your bonus account." makes it much harder to come out on top now. But the reward points quickly add up especially on the weekend when it is 4 or 5 points for every 500 satoshis wagered. So you end up with getting past the 100,000 minimum quite quickly with a few big bets.


Edit:

I found a book extract that unfortunately doesn't give the full maths but the table is worth a look.



The house edges compared for various betting systems, note how martingale dramatically increases across the table with more rolls.

Be aware that many strategies that looks good on YouTube while playing Hi Lo game are often martingale strategies that will empty your balance if played for too long.

I would be curious too to know why a martingale strategy increases house edge.

Freebitco.in is really doing good in past few years and now after researching little bit from this forum and from Facebook, even I have started using this site. The hi and low jackpot is the cool thing which i like the most to play for and to be honest this faucet is simply looking but it is attracting the clients like a magnet and this faucet is addicting one. Also came across many strategies to earn from this faucet few from this forum and few from youtube I shall be using it for next three months and will post the results here soon, thanks.

I quite like reading what Thequin says, and how he explains himself. I don’t play EV- games but I think he is the perfect example of how a good gambler should behave if he plays such games.


Apart from that:


Could you expand on this?

So you just play from time to time for fun with a reasonable bet compared to your balance, and thus manage not to lose too much satoshis there. That's it?
I've tried to use bonus they gave, but always ended up losing all, including the amount they took from my balance.

I use this site when I am board  Faucet and HI-LO game kinda fun

That's what it is all about, it is entertainment. There's no point trying to come up with winning strategies. If you bet too frequently then the variance decreases and the house edge stands a higher chance of winning. If you just gamble occasionally for fun then you may well get lucky and win. Put auto bet away, start with a decent bankroll, make fewer larger bets and just roll with it. I usually find that people who obsess about finding the lowest house edge actually believe that gambling on random numbers is a viable way to guarantee a profit. That might be possible in PvP poker or even sports betting but not against an RNG.

Personally for me the Hi lo game is just for fun sakes like whenever I'm literally bored and I don't really care much about winning cause I'll be playing with one or two satoshi. However to clear the record people will always loose, I did win a huge handsome had when I had placed 75k satoshi I won a huge amount so people do win but it's more for fun then anything else

This is the whole thing about gambling that many do not understand. It is true that the house edge means that overall the house should come out on top. That however doesn't mean that every player must be a loser. There is variance in luck that means some will win. Also, many players actually increase the house edge by using strategies like the martingale.


I play on sites with lower house edges for most of my gambling. But I also like the bonus features here. My stats show I'm a little bit down on the hi-lo game but that doesn't take into account that I've taken 3x more than that from just the hi-lo bonus. Also, I've made enough reward points to cash in directly for 1 satoshi each. OK, I'm yet to win anything from the lotto tickets but here's hoping. When you understand how to get the best out of the bonuses you'll work out they can be better than a lower house edge.