Topic: How to win in Freebitco.in - page 8. (Read 4286 times)

The size of the minimum rate must be chosen equal to no more than 1/2000 of your bank. Why 1/2000? Because you will have a margin of 9 losses of the generated number in your chosen range and balance balance for the 10th rate, after which about half of the balance remains.

That type of strategies will never work, thinking that some sort of strategy and following a strict rule would help you win is the reason why most people lose their money gambling in crypto world and can't really get out of the mindset of losing. You can win like this for a long long time and be at a huge profit (this is gambling after all, you may get lucky) but in the end if you follow ANY strategy for too long you will lose all your money because you are going to lose way too many times in a row.

Gambling long enough time gets the chance of too many losses in a row higher, for example gambling over 5000 times will result with you losing 20 times in a row possibly. That is why the only way to win is betting all your money on one hand and if you are lucky you will win, that is more realistic than these strategies. At least you will know if you will lose on your first hand or you will win.

I heard many strategies to win on freebitco.in but never try any strategy yet. I don't know they discovered a true trick or they were just lucky. Well, I don't think the team will stay silent if people already knew how to play and make money on their website. It means someday the trick will be delete and the calculation will be changed. It's good for you to keep it for yourself so people the team won't know that everyone can "hack" it.

Agree, I Will think to other strategies but don't think that is an not real case, for most of us, yes but for some of them no. 100 Btc are not so much for someone. https://bitcointalk.org/index.php?topic=5106313.60

In other words, a player will lose more than 4 BTC using that strategy, right? That's on average. In reality he/she can lose 100 BTC or win 100 BTC, depending on luck, but risking 100 BTC is pretty irrational, if you ask me.

So, we can conclude that on average neither the strategy you described nor the one described in the OP will help to outplay the site. And it's no wonder that they can't be outplayed so easily. Freebitco.in is one of the oldest Bitcoin-related sites. If they weren't smart, they wouldn't last so long.

This is the only truth that gamblers ignore. Winning is never permanent, neither is it the expected outcome, no matter how long you are trying or how hard. In fact, the simple truth is unless you are the house with an edge, then the longer you play, the more you gamble, the closer you are to losing if you haven't already. Keep it in mind and you will slowly begin to enjoy gambling for what it is: entertainment.

there is never a sure bet in gambling no Matter the mechanism you are using to play and place your bet, gambling is an unpredictable game because you are not the only one involved in playing the game. While we are having fun play gambling games we have to be lucky to win at the end.

Nah I’m never going to play that rubbish game again. That’s how I ended up losing my bitcoins without gaining anything, that thing is very useless. If you don’t want to lose your bitcoins it’s better you just do faucets once you’re there forget that Hi-Lo game or whatsoever it is that they are using to rip people. I even tried to play automatic but I was still losing my coins. I gain a little profit and lose more than what I gained , it doesn’t make any sense man.

I'm curios to see who's the person that actually has such a huge bankroll of dozens of btc to try such a strategy when you know there is a risk of losing your money, even though that's very small. I keep seeing this strategies where people talk about accounts with 100btc but that's surely got to be exaggerate since we are talking about half a million dollars willing to gamble.

I think that big bets, that is to say, starting from 2BTC should be made at the beginning and not give so much duration, because as time passes, it is a game in which the strategies usually work for a very short period of time.

I think the best thing is to be willing to lose a considerable number to play without any kind of fear quickly betting a lot on good luck and with the strategy to the maximum changing it at the right time.

The provably fair ensures that each move gives you the audit at the time you want and that the moves are legal, from this principle is where the strategy if it has value, but chance, or what is random, weighs much more , what we commonly call Luck.

Sorry,
But I don’t get the point.
you are talking about this comuteations as it were talking about arbitrage, but this is not arbitrage.
Arbitrage is risk-free gain without using capital.
Here you have two differences:

• you have to use your own capital (you could simply borrow the needed BTC deducting cost of borrowing BTC from the expected P&L of the trade).
  
• you are losing control of your bitcoins, so you are exposed to counterpart running away with your bitcoins.
  Of course this risk has to be taken into account.
  

On this two considerations:

• If I were a scammer I would construct a scam trying to mask a little bit. As this BTC community paranoid geeks are over represented, I would hide the access into the scam in an apparent glitch of the formula, just to attest people wanting to exploit the system.
  
• exit scams where the counterpart simply runs with the money are far common that thought. Do you remember Fullt Tilt/Poker Jesus scam?
  

You right, let's do the math again.

Assuming 100 BTC on account A and 400 BTC weighed.
Account A refer account B.

Account A

Interest for 1 month: 0.0109589%*30 (100btc)=0.328767 BTC
Reward points = 1/0.00005*400=80.000.000 RP
Exchanged RP= 0.8 BTC



With 200 bet and 5% house edge on the long run, you will lose = 5% 20 BTC = 10 BTC
Winner of the contest = 2 BTC

Account B
Interest= 0%
MULTIPLY BTC / BETTING 0.40% of wager / bet =0.4% 400= 1.6 BTC
EARN BTC 25% of daily interest, big question marks= 25% of 0.328767? = 0.08 BTC

Winner of the referral contest 1 BTC

So assuming that you have 2 accounts and 100 BTC on account 1, you will end with

100+0.328767+0.8-10+2+1.6+0.08+1= 95.808767 BTC

I don't get it. You are just using a custom martingle stratgy which is going to make you losses.and why are you doing it. My method of wining is never play for making coins also gambling to cover your transaction fees. No greed no loss.

You have a good technique there mate but that technique doesn't work to everyone the system of freebitco.in is aggressive. You need to be lucky to won in that gambling site. I guess you should need also a capital for you to start gambling and have a high chance of winning.

400 BTC wagered can be 200 bets of 2 BTC, not 20.

Considering the house edge, 5%, you can perfectly lose 20 BTC within 200 bets. ...

Nevertheless, I too feel that their referral system is being abused, and I made a post about that today in their official thread.

That's exactly what it is, though. People's expectations from gambling always win. But, unfortunately, there is no such thing as a permanent win. If you want to have fun and win while having fun, you can try something. But the loss is always part of this event.

Golden ticket is a dollar only, 25k satoshis, a bit more at this price, but who counts? It`s a lottery, classic lottery and you know how much chances anyone from us have to win a first prize..Well I have some golden tickets too, I didn`t bought them I won them after I wagered some amount on dices, just in case, who knows what will happen.
I will go with you on this STT, sports betting is much better for making profit than dices, I will just add poker on that list.

Exactly, its just a bit of fun and a dream to win that Lambo as its so incredibly unlikely like a national lottery type ticket which is almost always not going to pay off sadly.     Thats fine, anyone kidding themselves they'll turn a profit on this is kidding themselves and really wasting their time unless you got time to waste then I guess its no loss
I recommend sports gambling if you want to dream of figuring out a system of how to win, at least you have open data on the teams to judge there and its actually possible to figure out a winning streak ahead of time

I really don't think you can do anything to them even in the case that the real owner of the site may be US resident too, he will not be that innocence to leave a trace to the identity of himself. The entity registered as a company somewhere on an island (i forgot the name right now) which allow this kind of business, not under the control of any Lottery Rules and the one you've mentioned is just a kind of review company..which get paid to do so. I think they don't even care a single second regarding to that, or Cloudflare what they can do? cancel  the contract? well they will just switch to another service, Cloudflare lost a customer, they use a new service provider so no big deal for all.

As for your case I am not sure how it was to cause the multi account acussation, but you may definately get bursted with proof, they have fingerprint which use few algorithm to conclude the case if it is originated from one Public IP & one single PC/laptop or not (i expect you understand Pulic IP and Local IP of every single computer/laptop). If they can proof that by using a recognized algorithm, it show you did multi-accounting then you will loose. For the case of wagerer-referer, it just example, and if it is real the guy may have enough level of expertise to bypass the checking algorithms, they can't proof or catch then this guy can get away well. Lastly, even so, for a business if they can conclude that the case bring them more benefit than harm they can just decide to let it be, lol.

If so, then you are only looking for luck and hope that luck falls on you. I am happy with the principle of gambling people like you that in gambling money is not everything. However, satisfaction and pleasure in playing are far more important in gambling.

sorry OP, If the discussion above is a little off the topic discussed. I don't really like playing on freebit, if I visit the site I just play a faucet to take a few free btc.