EntropiaPartners Forum Homepage
Forum Home Forum Home > EntropiaPartners > Tips & Tricks
  New Posts New Posts RSS Feed - freebit: How to win
  FAQ FAQ  Forum Search   Register Register  Login Login

freebit: How to win

 Post Reply Post Reply
Author
Message
Tia View Drop Down
Big Boss
Big Boss
Avatar
Grand Master

Joined: 19 Aug 2013
Location: EU-SL-EVE
Points: 3592
Post Options Post Options   Thanks (0) Thanks(0)   Quote Tia Quote  Post ReplyReply Direct Link To This Post Topic: freebit: How to win
    Posted: 01 Nov 2019 at 7:16am
WAGER ONLY WHAT YOU CAN AFFORD TO LOSE. There is always chance to lose it all.


With a game of chance, where you have a predefined winning chances, you can try to minimize losing anything. The idea is simple: with x% winning chance, how many times can you afford to lose in a row. Here are few examples I generally use in my strategies. Suppose each bet has a winning chance of 10%, I usually go for a maximum losing streak of 100 before I win. You can also translate it to a statement like "I believe I cannot lose more than 100 bets in a row if each bet has a winning chance of 10%". I make this statement based on my past experience.

Now how do you convert such statements into winnings. You make sure that whenever you win (in first bet OR after losing 40 bets), your overall win prize takes care of what you lost cumulatively in previous attempts; and then you restart over with the base bet. You can achieve this by increasing the bet amount after each loss. A simple way to do it is to increase the bet with a multiplier (say 10% more). You can use this simple calculator to check your strategies. https://www.entropiapartners.com/Calculator/

Now what is the catch? the catch is that betting amount increases exponentially with each loss until you win. Are you willing to put thousands of dollar into unknown? You should not. Do only what you are willing ton accept as a loss playing. Look for smaller profits with low risks.

There are many other strategies people use. I use above simple approach. You can check some of my betting runs on my twitch channel:
https://www.twitch.tv/videos/514120447 (12 hours run, 20% winning chance, 35% multiplier. 50% profit)



Here is an old strategy I was using at freebit



How to win at freebit and grab more raffle tickets at EP

This has been discussed earlier and many inputs have been received from many, including top raffle winners. Maybe it should have a dedicated thread now. I ran some experiments based on inputs from Vincent. I ran 100,000 rolls at multiply game. 10 sessions of 10,000 rolls each. I ended up with 98,000 satoshi profit in end. This is what I did:

  1. I used multiply bonus whenever it was available.
  2. Base bet was 1 satoshi with minimum betting odd, that is 1.01. This means if you win you will get NOTHING as they dont pay in fractions. If you lose you lose 1 satoshi.
  3. Auto-bet conditions were like this:
    • On lose: Increase bet by 9900% (means 100 time). Also change odds to 1.02.
    • On win: Return to base bet. Also change odds to 1.01.
With less than 6% chance of losing, I was winning most of the bets but making nothing. But when I lost, the bet was increased from 1 to 100, and if I won that one, I made 2 satoshi. That is 1 satoshi profit as I lost 1 in last bet. If I lost twice in a row, I made a profit of 99 satoshi. If I lost thrice in a row, I made a profit of 9899 satoshi.

I lost 3 times in a row only once with 100,000 rolls. Losing twice in a row has a probability of less than 0.36%. Losing thrice in a row has a probability of less than 0.02%. Point is you plan to play this strategy and lose more than 3 times in a row, you have the worst luck and should not play. LOL

You will need at least 10101 satoshi to do this with 1 satoshi as base bet.

If you wish to make a profit with every winning roll, the base bet should be 100 (1 satoshi profit if you win). You will need 1010100 satoshi in your account.

Your opinion?




Back to Top
Sponsored Links
loading...



Back to Top
Onat42 View Drop Down
Expert
Expert


Joined: 03 Dec 2013
Location: Austria
Points: 330
Post Options Post Options   Thanks (0) Thanks(0)   Quote Onat42 Quote  Post ReplyReply Direct Link To This Post Posted: 04 Nov 2019 at 6:16pm
Ill try it once I hit 10k satoshis again :)

lost on weekend my 20k :) (again ^^)
Back to Top
Tia View Drop Down
Big Boss
Big Boss
Avatar
Grand Master

Joined: 19 Aug 2013
Location: EU-SL-EVE
Points: 3592
Post Options Post Options   Thanks (0) Thanks(0)   Quote Tia Quote  Post ReplyReply Direct Link To This Post Posted: 04 Nov 2019 at 10:57pm
I did it again with 50k auto roll.. And I lost 4 times in a row after 37k rolls. Cry
Back to Top
Talos View Drop Down
Contributor
Contributor


Joined: 03 Mar 2017
Points: 67
Post Options Post Options   Thanks (0) Thanks(0)   Quote Talos Quote  Post ReplyReply Direct Link To This Post Posted: 05 Nov 2019 at 6:36am
I's great advice and works well, as long as everyone remembers it's RNG.  Though slight, there IS the chance you can still lose it all.

But I've done this myself several times and it works well.
Back to Top
Kevinvc94 View Drop Down
Earning
Earning


Joined: 24 Oct 2019
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote Kevinvc94 Quote  Post ReplyReply Direct Link To This Post Posted: 06 Nov 2019 at 6:54pm
What do raffles have to do with this?
Back to Top
Tia View Drop Down
Big Boss
Big Boss
Avatar
Grand Master

Joined: 19 Aug 2013
Location: EU-SL-EVE
Points: 3592
Post Options Post Options   Thanks (0) Thanks(0)   Quote Tia Quote  Post ReplyReply Direct Link To This Post Posted: 07 Nov 2019 at 4:54am
Originally posted by Kevinvc94 Kevinvc94 wrote:

What do raffles have to do with this?

More you play, more raffle tickets you earn, better the chances you win.
Back to Top
vitpet View Drop Down
Earning
Earning


Joined: 07 Nov 2019
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote vitpet Quote  Post ReplyReply Direct Link To This Post Posted: 07 Nov 2019 at 3:04pm
whats ur freebitoc ref link i registered wrongly. can u post it.

Back to Top
Tia View Drop Down
Big Boss
Big Boss
Avatar
Grand Master

Joined: 19 Aug 2013
Location: EU-SL-EVE
Points: 3592
Post Options Post Options   Thanks (0) Thanks(0)   Quote Tia Quote  Post ReplyReply Direct Link To This Post Posted: 10 Nov 2019 at 1:05am
Originally posted by vitpet vitpet wrote:

whats ur freebitoc ref link i registered wrongly. can u post it.

Follow the link from EP pages. It's a sponsored link.
Back to Top
SlayerDragon View Drop Down
Earning
Earning
Avatar

Joined: 02 Nov 2019
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote SlayerDragon Quote  Post ReplyReply Direct Link To This Post Posted: 12 Nov 2019 at 7:19am
es seguro
Back to Top
Deminish View Drop Down
Earning
Earning


Joined: 27 Nov 2013
Points: 30
Post Options Post Options   Thanks (0) Thanks(0)   Quote Deminish Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2019 at 7:00pm
I lost the 10k sat bets twice in about 30 minutes..
Back to Top
Back to Top
Sponsored Links



 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down