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Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 376. (Read 563235 times)

sr. member
Activity: 1988
Merit: 268
20BET - Premium Casino & Sportsbook
Another upset win by Morocco, ooofff
everyone will not be surprised to see it, morocco is the best now they can advance to the semi-finals of the world cup and of course it will be history for their team, it is worth admitting that they are the seeded team now they are no longer the underdog team like before, that's how football sometimes isn't always a great country that can survive in the world cup sometimes can be eliminated at the start, always a lot of surprises in this world cup
legendary
Activity: 2380
Merit: 5213
Anyway, I was under the impression the time weight multiplier always gave a boost to the final outcome odds, it just gives less of a boost to those who bet late.
If that was the case, the house would lose money.

Assume that there's a match between teams A and B.
All the money that has been put on team A is 100 BTC and all the money that has been put on team B is 300 BTC. You have put 0.01 BTC on team A.
The total money is 400 BTC. 5% of that 400 BTC goes to the house and 95% of that goes to the winners. So, the prize pool is 380 BTC.

Team A wins the match and they should give your prize.
Assuming there is no time weight multiplier, you will get 380 * (0.01/100) = 0.038 BTC

If you have placed your bet early, you will get more than 0.038 BTC. Ask yourself where does the extra money come from.
The extra money comes from those winners who have placed their bet late.
If the house increase the winning amount of those who have placed their bet early without decreasing the winning amount of those how have placed their bet late, they will lose money and that's not possible.
legendary
Activity: 2604
Merit: 2353
Yes slaman29 but you shouldn't forget the Time Weight Multiplier which gives you a boost on the final odds, even when it is already low.
The time weight multiplier doesn't always increase the winning amount.

Assume that the prize pool is 1 BTC and there are 100 winners.
If there was no time weight multiplier, each of the winners would get 0.01 BTC.
The time weight multiplier makes the profit of those who placed their bet early more than 0.01 BTC and those who placed their bet late less than 0.01 BTC.
Are you sure about that? Your example is very theoretical, but in reality have you already received one time winnings lower that what you should get from the final odds? I don't remember having already seeing that. I don't know how odds are calculated precisely but they take that into account IMO, that's why the cut is high at the end, and even bets with the smallest TMWs are not paid less than the final odds.  

Edit: Soslex shares the same opinion apparently
member
Activity: 110
Merit: 33
The time weight multiplier doesn't always increase the winning amount.

Assume that the prize pool is 1 BTC and there are 100 winners.
If there was no time weight multiplier, each of the winners would get 0.01 BTC.
The time weight multiplier makes the profit of those who placed their bet early more than 0.01 BTC and those who placed their bet late less than 0.01 BTC.

Are you sure about this? Your example assumes every winner who placed a bet placed the exact same bet amount, which is a pretty big assumption to make. Anyway, I was under the impression the time weight multiplier always gave a boost to the final outcome odds, it just gives less of a boost to those who bet late.

If someone knows the formula freebitco.in uses to calculate the betting payouts, it would be greatly appreciated if they could post it.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
Another upset win by Morocco, ooofff

With all these upsets happening, I think this will be the best worldcup ever for bookmakers lol. Didn’t see the loss of Portugal and Brazil but that is how it goes in soccer sometimes.
Just won another 5000 RP with my WOF, one step closer again to reach the 100,000k mark!

This was the world cup which had the biggest number of upsets and I think bookies are very happy while bettors like us have taken a huge hit and most likely most of us are in big red by playing sport betting for the world cup event,personally I can't wait for it to end so we can restart the major soccer leagues and the Champions League,I am sure that we never so far have seen so many upsets and they are club teams not nationals which in national teams surprises should be less and less but from this world cup we saw that they are more and more.

Congrats on those 5000 RP.
full member
Activity: 1092
Merit: 227
Another upset win by Morocco, ooofff

With all these upsets happening, I think this will be the best worldcup ever for bookmakers lol. Didn’t see the loss of Portugal and Brazil but that is how it goes in soccer sometimes.
Just won another 5000 RP with my WOF, one step closer again to reach the 100,000k mark!

Ahh, the WOF lover. Keep it up mate. Last time I posted my results and I have hit around 150K mark already. I am very happy with my decision of staying premium on the freebitcoin. Its literally a habit now and like apple ecosystem I am tangled up with the feebitcoin ecosystem. I mean everyday I wanna click that blue Roll button, and I want to go for ride on the WOF wheel, and sometime surf through the bets and mutliplier. I think I am all stuck in the universe of freebitcoin now.  Grin
This is my second running year for the premium membership and I hope that I reach the mark of 1000K RP's soon. That's 10 times current state, I just hope it does not take 10 yrs though. Wish me luck. Smiley
sr. member
Activity: 1918
Merit: 328
That is really nice winnings from just 72 spins,I have already 78 which I collected by exchanging RP to WoF bonus in 3600 or 4 WoF for roll and still have not used them.I found out that a perfect strategy is to use them just before the bonus days in reward points when gambling for example x4 or x5 as I only play at that bonus and to increase your satoshi stash,as a gambler I have also the bonus which I can get double my initial amount to play during the bonus window.Last time I had 6600 Satoshi,also used the bonus to 13200 and in wagered amount this was translated to 276.000 Satoshi,so tons of RP earned by doing this.
Honestly tickets do pay out not that bad if you collect them enough. I usually let them go to waste most of the time unfortunately, and I should know better, it's my bad and I will try to do better in the future. I did follow through once, and got good returns. I just see this place as a place where I come in once in a while and have great fun and then leave, not something I check every single day, it's more like a bank and casino combined for me.

I get affiliate income and also interest and have RP that I hope to turn into cash one day, I don't do faucets anymore, and I gamble once a month or so all of that away, and then next month I come back and do the same, so these wheel stuff is still a bit newer to me.
sr. member
Activity: 2212
Merit: 254
Top-tier crypto casino and sportsbook
Another upset win by Morocco, ooofff

With all these upsets happening, I think this will be the best worldcup ever for bookmakers lol. Didn’t see the loss of Portugal and Brazil but that is how it goes in soccer sometimes.
Just won another 5000 RP with my WOF, one step closer again to reach the 100,000k mark!
newbie
Activity: 10
Merit: 0
Quote from: youbtc4267 link=subject=320959.msg61396505#msg61396505 date=1670251295
Quote

Hi @TheQuin, why are wagering and referral contests not announced on twitter nor on freebitco's contest site?

==> People are obsessed with football these days... me too. I think it may take a while.


===> The game is over... Portugal lost, and so did I...
===> Still didn't see the wagering and referral contests list? That's never happend in the last few months. Can't trace the players still living now!
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
@pawanjain, dude congratulations man. That’s serious winning dude, and as far as I know that is “very huge” conversion in your loca currency. It could be couple of months salary for locals there. That’s shit ton of money for you. Definitely big win from small bet that was placed. I’m surprised how much money was made by others too. Because in the screenshot we can still see there are other players who have taken this risk. Now that is also one of the ways to win big. But definitely not everyone gonna take such risks that too with big bets like this dude.

I think you have got it wrong. It is @Saint-loup who has won a big reward by placing a bet on Croatia.
I had just won 5k satoshis which I ended up losing it all since I placed the bet on Brazil.

Another upset win by Morocco, ooofff

Certainly this time the underdogs are performing really well. Whether it be Croatia or Morocco but they are still in the game because of two reasons.
1. They performed better than they could.
2. The opponents performed worse than their previous matches.

Let's see how things go in the Semi Finals now. I guess Argentina and France will take it to the finals but you never know what the underdogs are capable of.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
I guess I am really lucky today. I just won 5000 satoshis after so long time from the WoF spins.
Actually I was going to bet on Croatia vs Brazil match and put the bet on Brazil ofcourse.
But I was confused of the amount I should bet on Brazil.
I had 36 WoF spins and so I though lets spin all of them and put the BTC I receive from it as a bet on Brazil.
Who knew I would 5650 sats lol. But yeah it's a decent bet to place I guess. So here we go with 5650 sats on Brazil.




I once got 5k satoshi 2x in a month, you are lucky to get that too, congrats guys
by the way, did you win your bet, while we know that Brazil has lost on penalties to Croatia but in the screenshot there are no draw bets and usually football bets are only available and calculated for 90 minutes only and the result for Brazil vs Croatia is a draw when viewed from 90 minutes , so whether your money is returned or lost, I do not gamble on the moment
No I don't think pawanjain got a push and a refund of his stake, because as you can see below it wasn't a Draw No Bet, but a bet on the team that will qualify for the next round after the end of the game. As I explained above, many people thought that Croatia will play in a very defensive way, in order to try to keep a clean sheet and to beat Brazil at penalty shootouts like Morocco did against Spain. So odds on "to qualify" bets for Croatia were very interesting, I guessed it was a value bet and I luckily placed a big amount of satoshis (one million) on Croatia, despite being very risky.


means you still win because the bet chooses the team until the end of the match because usually bets are only valid for 90 minutes and do not apply to extra time or penalty shoot-outs, a little enlightened to get an answer from you, thank you for a short and easy-to-understand explanation

BTW congratulations for your win betting for croatia even I don't dare to make a decision like you are betting with big risks where everyone also favors brazil to win in the penalty shootout
legendary
Activity: 2380
Merit: 5213
@hosseninimr93 I totally agree with you, because personally I have seen lower odds then what was shown when I wagered even at 99.99% weight multiplier.
Of course, the change in the odds isn't only due to that and it's possible that the final odds are even higher than the odds you see when placing your bet.
Freebitco uses parimutuel betting system. The odds depend on which outcome other users will bet on and it's normal that they are not fixed.
hero member
Activity: 2254
Merit: 537
My passive income eBook @ tinyurl.com/PIA10
Another upset win by Morocco, ooofff
hero member
Activity: 2646
Merit: 686
Yes slaman29 but you shouldn't forget the Time Weight Multiplier which gives you a boost on the final odds, even when it is already low.
The time weight multiplier doesn't always increase the winning amount.

Assume that the prize pool is 1 BTC and there are 100 winners.
If there was no time weight multiplier, each of the winners would get 0.01 BTC.
The time weight multiplier makes the profit of those who placed their bet early more than 0.01 BTC and those who placed their bet late less than 0.01 BTC.

@hosseninimr93 I totally agree with you, because personally I have seen lower odds then what was shown when I wagered even at 99.99% weight multiplier. Furthermore how many of you’ll lost your bets when Morocco eliminated Portugal yesterday, because I thought that Ronaldo would inspire Portugal to win but looks like this year only keeps getting worst for Ronaldo.
legendary
Activity: 2380
Merit: 5213
Yes slaman29 but you shouldn't forget the Time Weight Multiplier which gives you a boost on the final odds, even when it is already low.
The time weight multiplier doesn't always increase the winning amount.

Assume that the prize pool is 1 BTC and there are 100 winners.
If there was no time weight multiplier, each of the winners would get 0.01 BTC.
The time weight multiplier makes the profit of those who placed their bet early more than 0.01 BTC and those who placed their bet late less than 0.01 BTC.
legendary
Activity: 2604
Merit: 2353
That's a side effect of having too many Argentina fans here ;-) The odds are calculated based on bets, so we have what we made ourselves. It is even 1.29 right now.

Do you know what are other sites odds for England(2.15) - France(1.35) ?

Thanks Saint-loup for pointing it out that this was qualification odds Smiley But still I used to bet some money on FBC for Barcelona esepcially but the commissions I think are just way too high or the algorithm needs to change (I mentioned before but anyway). I think they can afford to make half commission change to really make the odds attractive.

Odds are changed now on FBC for England is 1.98 and France 1.32.

England is 2.05 and France 1.75 on my usual site so it looks like you lose a bit from England but you lose even worse for Favourites.
Yes slaman29 but you shouldn't forget the Time Weight Multiplier which gives you a boost on the final odds, even when it is already low. If you take that into account odds can be higher than other bookmakers for some outcomes. Moreover if you hold some FUN tokens you will get a small cashback from your bet, some other sportsbooks are also giving bonus each time you place a bet but not all of them and sometimes the bonus earned is worth nothing, here it's an instant cashback in Bitcoin.
full member
Activity: 1092
Merit: 227
@pawanjain, dude congratulations man. That’s serious winning dude, and as far as I know that is “very huge” conversion in your loca currency. It could be couple of months salary for locals there. That’s shit ton of money for you. Definitely big win from small bet that was placed. I’m surprised how much money was made by others too. Because in the screenshot we can still see there are other players who have taken this risk. Now that is also one of the ways to win big. But definitely not everyone gonna take such risks that too with big bets like this dude.
legendary
Activity: 2464
Merit: 1102
Something pretty rare happened to me yesterday. Decided I wanted to get the 5000 sats I had in my wager bonus, and since 4RP bonus was still active I thought why not get a GT and rack up bonus points, but in the "safer" method than I normally do.

So 10000 rolls on 1 sat and simple martingale. And boom, busted within 1000 rolls. No need to say how much, lol.

Usually I manage to get several GTs just doing it this way for a couple of times or so. Now I must hunt my luck elsewhere for a while more.
That’s the point of betting here, it's player controlled and not place controlled, which means people usually bet on something they see guaranteed and get a lower return, but usually that means the other side has worse odds, like in a normal place one team gets 2.10 and here it gets 1.34 but then the other team gets 3.00 in other places but 5.00 here type of deal.

For this specific game it looks neither to be fair, so I agree with you, but freebitco.in doesn't decide on the odds, we all do based on how much we wager, and that should be the reason why you may not see odds that you like here, it may look like not worth taking the risk overall.
sr. member
Activity: 1988
Merit: 268
20BET - Premium Casino & Sportsbook

while playing at freebitcoin I only bet a little on sports betting, to be honest this is a pretty big bet in my opinion and you dare to take the risk to bet on croatia maybe you could lose and lose your money but luck accompanies you to win that bet, you are great
legendary
Activity: 3080
Merit: 2330
No I don't think pawanjain got a push and a refund of his stake, because as you can see below it wasn't a Draw No Bet, but a bet on the team that will qualify for the next round after the end of the game. As I explained above, many people thought that Croatia will play in a very defensive way, in order to try to keep a clean sheet and to beat Brazil at penalty shootouts like Morocco did against Spain. So odds on "to qualify" bets for Croatia were very interesting, I guessed it was a value bet and I luckily placed a big amount of satoshis (one million) on Croatia, despite being very risky.



It looks like the average bet size was only 5k sats, considering the prize pool and the total number of bets in that event. So it's even more surprising that Saint-loup placed such a big bet on Croatia's win, even though it was very risky. Honestly, it seems to me that Saint-loup has a good understanding of soccer since he was so sure that Croatia's defense is stronger than Brazil's offense.
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