freebit: How to win |
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Tia
Big Boss Grand Master Joined: 19 Aug 2013 Location: EU & SL Points: 4468 |
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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
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. 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? |
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Onat42
Expert Joined: 03 Dec 2013 Location: Austria Points: 344 |
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Ill try it once I hit 10k satoshis again :) lost on weekend my 20k :) (again ^^)
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Tia
Big Boss Grand Master Joined: 19 Aug 2013 Location: EU & SL Points: 4468 |
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I did it again with 50k auto roll.. And I lost 4 times in a row after 37k rolls.
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Talos
Contributor Joined: 03 Mar 2017 Points: 91 |
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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.
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Kevinvc94
Earning Joined: 24 Oct 2019 Points: 1 |
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What do raffles have to do with this?
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Tia
Big Boss Grand Master Joined: 19 Aug 2013 Location: EU & SL Points: 4468 |
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More you play, more raffle tickets you earn, better the chances you win.
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vitpet
Earning Joined: 07 Nov 2019 Points: 1 |
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whats ur freebitoc ref link i registered wrongly. can u post it.
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Tia
Big Boss Grand Master Joined: 19 Aug 2013 Location: EU & SL Points: 4468 |
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Follow the link from EP pages. It's a sponsored link.
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SlayerDragon
Earning Joined: 02 Nov 2019 Points: 1 |
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es seguro
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Deminish
Earning Joined: 27 Nov 2013 Points: 36 |
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I lost the 10k sat bets twice in about 30 minutes..
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VerZer
Earning Joined: 05 May 2020 Points: 1 |
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So far 2k won
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JohaoninhoCX
Event Organizer Joined: 15 Oct 2016 Points: 392 |
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Using freebitcoin since now almost 5 years, Don't Multiply your BTC Don't Buy Lottery Ticket Don't Bet on Events If you collect more than 12 times per day, activate the Reward Points Bonus. Exemple 100 RP bonus per click cost 1200 RP, so if you click 13 times or more in a day you are going to make 100 RP benefit starting at the 13st click. Once you have enof RP, activate the BTC bonus per click. up to 1000% Happy collecting |
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UnderDog
Expert CF Expert Joined: 17 Jun 2014 Location: Toledo, Ohio Points: 381 |
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Can't activate the bigger bonuses unless you deposit. 100% is largest for free rollers.
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~Have no fear... UnderDog is here... but don't ask for spare pec's, I have none...
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JohaoninhoCX
Event Organizer Joined: 15 Oct 2016 Points: 392 |
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ah, this i didnt know, thanks!! so maybe just deposit 10 or 20 usd of btc then… depositing will also remove the capchas!
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Patience
Earning Joined: 02 Oct 2016 Points: 24 |
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476 rolls until I lost the 10k bet the first time, started it again and took 272 rolls to lose the 10k bet lol, you said something about being unlucky? :)
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