Author

Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 532. (Read 563041 times)

legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
Those are some pretty pessimistic percentages there.If to win one of the bigger base reward prizes is 0.10% and 0.20% respectively I wonder what will be the percentage to hit Amazon Gift Card or the Rolex,I believe that to be in some 0.000x% percentage most probably but it maybe even lower.Luck is a big part of gambling also but those statistics keeps me like they say with foot on earth and not willing to expect big prizes from the WoF spins,normally before reading those details I always hoped in every single spin that some huge prize is going to fall but I know I am over optimistic when gambling.
The fact that when you increase the odds just a small thin hair line, then you are losing plenty of bitcoins as a casino. What you earn may not be a lot more, you might get like a small tiny amount more, but at the end of the day they will be losing this to tens of thousands of people and not just you, so even 1 satoshi difference is 10k satoshi per day, or if we are talking about 1k satoshi per day that is 100k lost per day, and when you hit that to 365 days you get yourself a ton of money lost per year.

I am not saying that what you are saying is not feasible, they would have to sit down and calculate how many more new people they can get and how much they would profit from it. But I feel like it may not work for them.

They had it at a bigger percentage when they begin offering the Wheel of Fortune spins but after sometime they decided to make changes to the system so the bigger of the base rewards would fall not often as it was the case in the beginning,I remember within 98 spins daily you could without a doubt win the biggest RP rewards,I am not saying that they should change it to the beginning as maybe you are right they tend to lose a lot of Satoshis this way but from my perspective they very well can as what they lose compared to what they earn from gamblers here is completely irrelevant in my opinion.
legendary
Activity: 3346
Merit: 1128
Those are some pretty pessimistic percentages there.If to win one of the bigger base reward prizes is 0.10% and 0.20% respectively I wonder what will be the percentage to hit Amazon Gift Card or the Rolex,I believe that to be in some 0.000x% percentage most probably but it maybe even lower.Luck is a big part of gambling also but those statistics keeps me like they say with foot on earth and not willing to expect big prizes from the WoF spins,normally before reading those details I always hoped in every single spin that some huge prize is going to fall but I know I am over optimistic when gambling.
The fact that when you increase the odds just a small thin hair line, then you are losing plenty of bitcoins as a casino. What you earn may not be a lot more, you might get like a small tiny amount more, but at the end of the day they will be losing this to tens of thousands of people and not just you, so even 1 satoshi difference is 10k satoshi per day, or if we are talking about 1k satoshi per day that is 100k lost per day, and when you hit that to 365 days you get yourself a ton of money lost per year.

I am not saying that what you are saying is not feasible, they would have to sit down and calculate how many more new people they can get and how much they would profit from it. But I feel like it may not work for them.
full member
Activity: 1176
Merit: 140
I always do.Even when I had like near 200 spins to play I used to play them before going to sleep and it took quite a while but I loved the adrenaline "I thought" it was giving me.I still do now that I have 10 spins daily to play and I use the rewards to put in place my strategy which is increasing the FUN tokens with Staking and increasing the Satoshis stack with the Free BTC bonus 1000%,for people who are patient this is a great website to invest money they can afford to lose (always only invest those money no matter how trustworthy the site is).
Nice! After all the excitement of playing each spin manually is what matters, right? But can you track your results and progression efficiently by spinning 200 times one by one?

I'm holding some hundreds of wheel's spins and I plan to use them all at once, so I can see the total rewards I receive from them automatically displayed by the system. When I do this, I hope to finally reach the 100,000 RPs mark, so I'm going to exchange my RPs for satoshis.
That feeling of seeing the wheel spin and slowly stops on the prize gives a different kind of feeling as when compare if you play it instantly but I think it was only the animation and it does not affect your win chance. If you win you will win and it doesn't matter if you play it instantly or the traditional way. Instant play will display the rewards that you won and if they won't do it, how will you know if what prizes you have won?

If I have that high number of spins, I think I will also do the same which is by playing them all together (instantly) because I am a busy type of person and it can cause me some time if I manually spin them one by one.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
At the same time I also wonder how many spins would it take to win one higher reward.
I am not so good at the math but if somebody can calculate the probability of winning one higher reward then that would be awesome.

The chance of winning prizes with the maximum number of sats and RP is 0.0999%, while the chance of winning the maximum number of lottery tickets is 0.1999%. This means you will get a prize with 3-5k sats or RP on average 1 time per 1000 spins, and the same number of lottery tickets can be won on average 1 time per 500 spins. Of course, there is also the possibility that these prizes could drop more often if you are lucky enough.


Those are some pretty pessimistic percentages there.If to win one of the bigger base reward prizes is 0.10% and 0.20% respectively I wonder what will be the percentage to hit Amazon Gift Card or the Rolex,I believe that to be in some 0.000x% percentage most probably but it maybe even lower.Luck is a big part of gambling also but those statistics keeps me like they say with foot on earth and not willing to expect big prizes from the WoF spins,normally before reading those details I always hoped in every single spin that some huge prize is going to fall but I know I am over optimistic when gambling.
legendary
Activity: 3080
Merit: 2330
At the same time I also wonder how many spins would it take to win one higher reward.
I am not so good at the math but if somebody can calculate the probability of winning one higher reward then that would be awesome.

The chance of winning prizes with the maximum number of sats and RP is 0.0999%, while the chance of winning the maximum number of lottery tickets is 0.1999%. This means you will get a prize with 3-5k sats or RP on average 1 time per 1000 spins, and the same number of lottery tickets can be won on average 1 time per 500 spins. Of course, there is also the possibility that these prizes could drop more often if you are lucky enough.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever

That is a brave decision for you to lock the FUN token for full one year. I don't know if it's a good decision or bad as we never know what will be the overall conditions of the market at that time. However, as most people say that holding is the best way to make money in crypto, i do hope that fun token increases its value over time and you can get a big return from your investment.

I also have locked a part of my FUN tokens for 1 year and with me probably a lot of other users have done the same. You are right that you can not really predict the market but the strength of holding the FUN tokens is the premium membership you get which will give you WOF spins, extra interest, cashback, ...

That's nice. Even I have locked my FUN tokens for 360 days and there's more 6 months left for the expiry.
I had locked 2500 FUN tokens for 360 days and bought 2500 FUN tokens more and then locked them for 30 days.
I thought I can make more FUN tokens if I trade it in the current volatility but the price is idle at 25 satoshis per coin.
full member
Activity: 1092
Merit: 227
I always do.Even when I had like near 200 spins to play I used to play them before going to sleep and it took quite a while but I loved the adrenaline "I thought" it was giving me.I still do now that I have 10 spins daily to play and I use the rewards to put in place my strategy which is increasing the FUN tokens with Staking and increasing the Satoshis stack with the Free BTC bonus 1000%,for people who are patient this is a great website to invest money they can afford to lose (always only invest those money no matter how trustworthy the site is).
Nice! After all the excitement of playing each spin manually is what matters, right? But can you track your results and progression efficiently by spinning 200 times one by one?

I'm holding some hundreds of wheel's spins and I plan to use them all at once, so I can see the total rewards I receive from them automatically displayed by the system. When I do this, I hope to finally reach the 100,000 RPs mark, so I'm going to exchange my RPs for satoshis.

It’s all the same whether you spin manually or automatically. Whether you spin daily 10 spins or accumulated hundred spins. Initially I did this but now I don’t collect the spin because as per my experience it’s all the same. So these days I’m just spinning almost everyday as and when I am getting the time.

You will see detailed spins and seed and winnings in the table below where spin button is. So everything is still provably fair game to play. The only thing is, you will have more adrenaline pumping when you spinning altogether in batch of hundreds.  Wink
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
I always do.Even when I had like near 200 spins to play I used to play them before going to sleep and it took quite a while but I loved the adrenaline "I thought" it was giving me.I still do now that I have 10 spins daily to play and I use the rewards to put in place my strategy which is increasing the FUN tokens with Staking and increasing the Satoshis stack with the Free BTC bonus 1000%,for people who are patient this is a great website to invest money they can afford to lose (always only invest those money no matter how trustworthy the site is).
Nice! After all the excitement of playing each spin manually is what matters, right? But can you track your results and progression efficiently by spinning 200 times one by one?

I'm holding some hundreds of wheel's spins and I plan to use them all at once, so I can see the total rewards I receive from them automatically displayed by the system. When I do this, I hope to finally reach the 100,000 RPs mark, so I'm going to exchange my RPs for satoshis.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
They have already clarified that - it is just an illusion. If you have captcha, then indeed, pressing 'spin' button causes roll. But if your session is established, you are logged in and you execute premium WOFs, spinning wheel is just an animation to present the result - the roll was executed long time before.
So at the end I prefer to have instant result in the table, I do not need to look at spinning wheel, as the backside is exactly the same.
This has been established that’s true. They are putting the animation to make it look like it's a fun thing, but the reality is that they could have done that with just a "this is your reward" text and it would have been the same thing. However, half of casinos are made out of "fun" material, if you are not having fun then you will not enjoy it at all.

This means that you need to focus on making sure that the people in your casinos are having fun. If they are not having fun then they are not going to come back since everyone else is focusing on fun. This is why we do not get just a text, and get an animation that is not required, but at least fun to see.
Wheel's animation is particularly interesting for free users who use the daily ticket received by email, so it encourages and excites these users to invest in FUN to increase the number of spins they have access daily.

And once this happens, to watch the animation stays in second plan for practical gamblers, because with so many wheel's tickets it takes too long to spin all of them manually, especially for users who prefer to accumulate a lot of them before using. On the other hand, wheel's aficionados won't bother spending their time spinning all their spins one by one.

I always do.Even when I had like near 200 spins to play I used to play them before going to sleep and it took quite a while but I loved the adrenaline "I thought" it was giving me.I still do now that I have 10 spins daily to play and I use the rewards to put in place my strategy which is increasing the FUN tokens with Staking and increasing the Satoshis stack with the Free BTC bonus 1000%,for people who are patient this is a great website to invest money they can afford to lose (always only invest those money no matter how trustworthy the site is).
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
I also have locked a part of my FUN tokens for 1 year and with me probably a lot of other users have done the same. You are right that you can not really predict the market but the strength of holding the FUN tokens is the premium membership you get which will give you WOF spins, extra interest, cashback, ...
Because $FUN is a token from a good project which has support from Freebitco.in that is a good gambling site. So in long run, I believe their team will develop more usability for the token, run more marketing and others. Then price will grow and because they are backed by good teams, good platforms they will have sustainable growth

Meanwhile, if you can get earning by locking your token, it is good so why do you have to skip it. Actually, others should do the same as you did.
sr. member
Activity: 2212
Merit: 254
Top-tier crypto casino and sportsbook

That is a brave decision for you to lock the FUN token for full one year. I don't know if it's a good decision or bad as we never know what will be the overall conditions of the market at that time. However, as most people say that holding is the best way to make money in crypto, i do hope that fun token increases its value over time and you can get a big return from your investment.

I also have locked a part of my FUN tokens for 1 year and with me probably a lot of other users have done the same. You are right that you can not really predict the market but the strength of holding the FUN tokens is the premium membership you get which will give you WOF spins, extra interest, cashback, ...
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
They have already clarified that - it is just an illusion. If you have captcha, then indeed, pressing 'spin' button causes roll. But if your session is established, you are logged in and you execute premium WOFs, spinning wheel is just an animation to present the result - the roll was executed long time before.
So at the end I prefer to have instant result in the table, I do not need to look at spinning wheel, as the backside is exactly the same.
This has been established that’s true. They are putting the animation to make it look like it's a fun thing, but the reality is that they could have done that with just a "this is your reward" text and it would have been the same thing. However, half of casinos are made out of "fun" material, if you are not having fun then you will not enjoy it at all.

This means that you need to focus on making sure that the people in your casinos are having fun. If they are not having fun then they are not going to come back since everyone else is focusing on fun. This is why we do not get just a text, and get an animation that is not required, but at least fun to see.
Wheel's animation is particularly interesting for free users who use the daily ticket received by email, so it encourages and excites these users to invest in FUN to increase the number of spins they have access daily.

And once this happens, to watch the animation stays in second plan for practical gamblers, because with so many wheel's tickets it takes too long to spin all of them manually, especially for users who prefer to accumulate a lot of them before using. On the other hand, wheel's aficionados won't bother spending their time spinning all their spins one by one.
hero member
Activity: 2856
Merit: 618
Leading Crypto Sports Betting & Casino Platform
This means that you need to focus on making sure that the people in your casinos are having fun.

hehe, you are right. Especially on freebitco fun is important.
So, not to lose my fun, yesterday I have locked my FUN for 360 days. I will see on March 27th '23 if it was a good decision. I hope so.

That is a brave decision for you to lock the FUN token for full one year. I don't know if it's a good decision or bad as we never know what will be the overall conditions of the market at that time. However, as most people say that holding is the best way to make money in crypto, i do hope that fun token increases its value over time and you can get a big return from your investment.
full member
Activity: 1176
Merit: 140
Those type of odds are the proof that crypto is quite unpredictable. Everyone talks about speculation and how the price could be this or that and so forth but nobody realizes that crypto is not something you could really "know". This place is the proof of that, the odds of 6.51 shows that not many people expected for this to happen, it is not an odd that says "nobody" expected it, I mean not like 60k+ for example, of course you expected a "littl" bit.

But, when you see odds of 6.50 on football bets for example, you know that the other team will win and the team with 6.50 odds will lose. So, it is quite clear that majority didn't think that it was possible.
Of course it is unpredictable, and of course it is not going to be known by many people. I always say that if it was such a simple thing to handle, then we would all be selling our houses, cars, even clothes and invest into crypto and do that with 100x to 150x leverages and then make insane amount of money.

If you really "know" what is going to happen, why not do that? Which means that people either do not know and lose money, or they do not know and just get lucky and get a bit richer, but nobody really "knows". We just make predictions and just as you said, this is a great example of how little we know about bitcoin and what it will do.
hero member
Activity: 2254
Merit: 537
My passive income eBook @ tinyurl.com/PIA10

Owch bad luck that was real close.  I thought a multibet there would be required and only put in a long shot instead


I did, but it went right above the 45K mark haha.
STT
legendary
Activity: 4102
Merit: 1454
It doesn't have that effect on me. I currently have 356 WOF spins and will wait a little bit in the hopes the BTC prize will drop a bit.
Yea my estimate is BTC isnt dropping back substantially and meanwhile you dont get the spin reward or the interest after collecting it.   Might as well bite the bullet and take it now, as you will have future spins anyway at that future BTC price.

So I dropped the hammer and used up hundreds of spins but ironically I get the thousands reward with just that singular spin that comes with the newsletter every day.  

Ahhhh, so close when the BTC price went up right before 1st April.
Owch bad luck that was real close.  I thought a multibet there would be required and only put in a long shot instead

So, not to lose my fun, yesterday I have locked my FUN for 360 days. I will see on March 27th '23 if it was a good decision. I hope so.

I cant see much depreciation occurs when its in regular use, whether theres any gain is more of a guess but at least you get the lock bonus and benefits meanwhile.  I cant see its a bad deal overall personally.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever

Yeah, you're out of luck this time. I would even say that this result might have a demotivating effect on other gamblers because 1890 sats and 2485 RP for 170 spins are too few. It seems that winning the maximum number of sats, lottery tickets, or RP per one spin of the WoF has become as rare as winning golden tickets. Undecided

It doesn't have that effect on me. I currently have 356 WOF spins and will wait a little bit in the hopes the BTC prize will drop a bit. It all depends on luck but since the update they made, it is a lot more rare to win some bigger than the base prizes. In the mean time, I still get my cashback and the increased interest also so I am still happy with my premium membership.

I still think that it was way better before they decided to decrease the chances of higher rewards in WoF spins and ofcourse who wouldn't like that.
But there's nothing to complaint anyway because it's still a "benefit" of holding the FUN tokens and so shall we reap the benefits.
At the same time I also wonder how many spins would it take to win one higher reward.
I am not so good at the math but if somebody can calculate the probability of winning one higher reward then that would be awesome.
hero member
Activity: 2254
Merit: 537
My passive income eBook @ tinyurl.com/PIA10
Ahhhh, so close when the BTC price went up right before 1st April.
member
Activity: 252
Merit: 10
-snip
I guess this is just like how a common bookie would do. If more people bet on it, odds go down - nothing special.

Yeah its pretty much the same though otherwise people would flock to parimutuel betting instead of going to the usual bookies

It does not depend on the model if its better or not in this case, it depends on the payout percentage.
I just checked the payout percentage for the Chelsea - Brentford event. With the actual odds at FreeBitco.in the payout would be ca. 90 percent. All 35 bookies listed at oddsportal have higher payouts. So FreeBitco.in is a lousy bookie. Good bookies have 97-98 percent payout.

Its because alot of people are betting on that pool thus making the odds significantly lower compared to other bookies. Well regarding the odds, you might be able to get better odds on some other pool such as Wolves vs Aston Villa, Wolves to win is currently @3.77 which is higher than common bookies @2.55 odds. Odds could be dropping before it closes but most likely could be higher than the common bookies odds

It does only depand on how much the bookie is willing to pay out not how many people are betting. If the volume for all placed bets would be 1 btc and FreeBitco.in was paying out 0.9 btc to the winners than payout is 90 percent. Its not forbidden paying out 0,95 btc but profit for FreeBitco.in would be less than.
"Odds could be dropping before it closes" yes thats the problem. You dont know your final odd when placing the bet. This makes it more like gambling instead of betting. With betting, if you are doing it smart, you can win in the long run but not with gambling. With gambling your money is gone when entering the casino - in the long run.
The bitcoins that are being talked about here are different than other days because their systems are based entirely on the courts, so it really depends on how many people are cheating on it.  It will not change if you are still calling here, it is not work, what you have done is prayer
legendary
Activity: 952
Merit: 1386
This means that you need to focus on making sure that the people in your casinos are having fun.

hehe, you are right. Especially on freebitco fun is important.
So, not to lose my fun, yesterday I have locked my FUN for 360 days. I will see on March 27th '23 if it was a good decision. I hope so.
Jump to: