Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 18. (Read 567840 times)

I really do not understand what going on inside freebitco. Fun token doesn't have a price that it could be dumped by the freebitco to buy the bitcoin. And even if they do it, it's their internal decision.

These day i am also confused as at one side the activities of Freebitco seems suspicious and scammy but at other hand they are processing the BTC withdrawals. If they were to scam, they wouldn't have let the gamblers withdraw their BTC and if people tend to withdraw their money and stop depositing, the site and this business will fail eventually. Don't know what freebitco are upto  

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?
This is very possible if any one would care well enough to ask me, because I do not understand why processing withdrawals in bitcoin is easier and convenient for the casino than their own very token, most platforms will refer users to make deposits and withdrawals in the platform's own token as this promotes onchain activity for the token, but for freebitco, this seems not to be the case.

Anyways, who ever is deciding to convert their fun token to bitcoin for withdrawal from the platform shouldnt feel too bad about the decision, since to me, Its a win win situation, holding fun token at the moment doesn't seem like a profitable investment in the short and long run.

Re iterating what's been said.

The most reliable way to get your FUN off the site is to cash it into BTC and withdraw.

BTC withdrawals as of today are doing fine.

If you have an issue withdrawing something with the site please specify FUN or BTC.

The site is too unstable to keep a considerable portion of money deposited there. The best alternative is to just cashout your funds to a safe wallet. Features can stop working there at anytime without further notice, like it happened with daily spins which aren't credited to us anymore. Therefore, the same can happen with withdrawal feature... And if that happens, you won't have anyone to appeal to.

On the other hand, if it's only a small sum of money and you think it's nice to see passive income being paid to your account daily, then it's not going to be a big issue if what I mentioned above happened for real. The most important now is to be aware you can't count on this platform for anything anymore.

We never know for sure. It is a big job for the team to fix the problem and running their site like before. If the site want to close their service, they must inform their members to withdraw all of their funds before the date. For those who have FUN tokens, they can withdraw their token and send it to the exchanges and sell it there. But for those who already lock their FUN token for some time, they must wait until their FUN token release with their rewards. So it makes worry for those investor but hopefully, nothing bad will happen.

Well, the price of FUN tokens has been trading close to zero for a few years. It's noteworthy that Freebitcoin has had some reputation issues for quite some time now, but more than 6 billion FUN tokens are still locked on the site. It seems to me that most of these FUN tokens belong directly to the Freebitcoin team instead of ordinary users.

Agree and disagree.   They do state all the odds so its a known thing the prizes arent equal but sure how it appears, etc.  that is classic sales 101.    Which is my main point that the wheel spins are promotional, look at everyone talking about it and proving that.   
The operation of that game garners players and publicity, its worth them running it so they are shooting themselves in the foot to forego it and I still dont buy the deliberate theory personally.


The other thing I was going to mention which isnt important, is roulette wheels can have bias to them.   They are expensive bits of kits in reality as I understand it and there are tools to measure any tilt that is not legal to operate the wheel in licensed areas perhaps etc.
    Famous court case I can remember, again just an off point detail but a group of gamblers assembled themselves like the A-team with lazers to measure and record any bias to a roulette wheel.  Using computers they calculated which numbers to bet on.    They won hundreds?  of thousands I think it was, the casino refused to pay out but in court the lazer dudes won as no rule specified against it allegedly. 

I heard similar of lottery machines, someone calculated the physics to predict the balls the numbers were drawn on.   I presume that was a long time ago and I dont have a source.   But never assume there isnt a bias in the game somewhere.

Maturing period for some of my FUN tokens ended yesterday and today I had luck that for the short time price for FUN tokens peaked to 5 sats, so I sold them for BTC immediately.
The reason for sale is that I don't have any hope for FUN anymore (I bought them exclusively for free spins on freebitco.in).
Now only doubt for me is : to hold BTC that I got on the site or withdraw it immediately? On one side it is definitely safer to get them in my non custodial wallet, but on the other side I like the taste of those sweet free sats that drip every day.
I hope they won't touch dividend that we get from holding, but if they withdrew free spins without word who knows what is next.
Thoughts?


I never noticed that, but now when I rewind on free spins that I got on e-mails there was a clock in prizes. Nice catch Btcltcdigger, the Rolex was probably never on table, do someone of the senior gamblers remember that somebody won the Rolex on free spin? I seriously doubt that...

Also, did you notice that if you did WOF on the website where you actually span the wheel, you could get a rolex (yeah right), but if you used the option to spin like 100 spins at a time, there was no rolex as an option.
It would just be satoshis, rp's and lottery tickers

It's almost these probabilities but not exactly.As it has been said above 10000 hasn't 1/10000 chances to be drawn, but half than that actually (1/20000 chances in reality). So for each roll you have 9997.5/10000 of not getting one of those prices. And (9997.5/10000)^18000 to not get one of them in 18000 rolls.

0.45% is the probability of never getting 9998, 9999, and 10000 in 18,000 rolls.

In each roll, you have a probability of 9997/10000 of not getting those prizes. Therefore, (9997/10000)^18000=0.0045

There may be people who will keep holding the FUN token with a little hope that everything settles one day and the freebitco will be fully running as back in the time but i think this is just a risk. It is better to see the present, and maybe sell the FUN token in a loss and do something better with that money. One thing is for sure that if the freebitco did not reclaim its trust among the gamblers or if it is shutdown permanently, then the FUN token is going to zero. So why not cash it now especially those who are holding big bags of this token.

Where did you get the 0.45% from?
The chance to get 9998 and 9999 is 0.01% (1 in 10,000) and that's same as other numbers. The chance to get 10,000 is half of other numbers and that's 0.005% (1 in 20,000).


Big wins at FreeBitco.in

In the very beginning I won quite often some bigger prizes like 5000 satoshis, RP or lottery tickets. When they changed it, it became a lot more rarely but you could still win it from time to time. Also received the free WOF spins but they need to solve the WOF spins for the premium membership. I doubt that they will shut down their site anytime soon.

I know the WOF probabilities of the big prizes are extremely slim, but I thought every number in the Free Roll had the same chance of occurring.
I have rolled around 18,000 times already, and I never got the numbers 9998, 9999, or 10000. The probability of this happening is only 0.45%.

Has anyone gotten the $200 prize?

That was the point of WoF spins, to attract people who would hold FUN token because by doing this, they'd get good additional capital for their projects but Freebitco failed in that part. Their developers (if they have) did nothing, their marketing did nothing and everything went downhill. Freebitco had a good reputation, the fact alone that Freebitco bought FUN token pumped the coin well, there were positive expectations and in good hands, Freebitco and FUN token together would be a very successful project but because of their lack of activity, they failed.

Yeah, that's true. I've been holding FUN token so many times to get WoF spins, I've also rolled free rolls since 2015 so many times but I've never won anything other than a regular amount of few satoshis and reward points. The probability of winning something was always slim to none on Freebitco.

Well, I did receive the free WoF spin yesterday i.e. 25 December and I have been receiving it for the past 3 days.
Lol, a poll  Not a bad idea I would say. Do share the link and I might participate too. It would be interesting to see the results.

And they are still promoting their premium membership and say "Buy FUN tokens to get WOF spins".


If everything works well and they credit the WOF spins, the chances of winning smallest rewards (10 satoshi, 10 lottery tickets or 10 reward points) would be around 98.79%, the chance of winning 100 satoshi, 100 lottery tickets or 100 reward points would be 0.7% and the chance of winning 1000 satoshi, 1000 lottery tickets or 1000 reward points would be 0.4%.

I would say that you are absolutely right, based on my personal experience playing wheel of fortune on freebitco, I can say that indeed, the probability of winning prizes in the list available is not the same for each of them, just as you have explained, the probability of winning an iPhone is not the same as winning 50 or 100 sats.

But if we should sit and look at this critically, it's understandable because the worth of 50 or 100 sats is not the same as the worth of an iPhone or an Amazon gift card, it is a very common practise for casinos to set probability levels of different prize items based on their individual worth, those that are worth higher in value are made harder to win, than those that are worth lesser in value - this is a very common practice like I said before..

Agreed, This is the sucks part for casino lucky wheel these days. They should just increase the size of each pie to its realistic size based on the odds rather then create a false hope that each prize has same odds.

Early lucky wheels works that way that can give balance rewards from big to small but now lucky wheels works like 99.9999% for all the smallest rewards then the remaining is for the medium to high rewards value.