Post
Topic
Board Gambling
Re: FreeBitco.in - Win free Bitcoins every hour!
by
Csmiami
on 20/05/2017, 22:46:35 UTC
I did some maths... and if the number is really fair, the average roll will give 2-3 cents... (If you would roll 100,000 times, it would probably be 2-3 cents average). How is this profitable for you? 2 cents would mean you have to get $20 per thousand visits to have enough money to pay your users... But how does that work? Really... I'm curious... Is it simply because most users lose it all in the Multiply BTC or is it some dark secret you don't want us to know?

How did you arrive at 2-3 cents for the average roll? The top Free BTC roll prize is $200, it's fixed along with all prize levels below it, regardless of the price of bitcoin.
Lmao... I understand that it's all fixed. That's how I arrived at 2-3 cents (I did it in my head and my head isn't that exact Tongue) the exact value is: $0.027137, so basically 2.7 cents.

I can show you my calculation if you want..

https://docs.google.com/document/d/1JtwnXVjswztX0gVzqffW0gaKppQyWGG_dl4Kcnt6HDg/edit?usp=sharing

That's the document I put clear calculations in.

Use my ref links for +25% more earnings btw,
-Panda Trump

If there are 6 available prizes, being the maximum 200$ 0.1$ st the moment, and each prize is divided by 10, the you have 0.1/0.01/0.001/0.0001/0.00001/0.000001 then, it would be 200$/20$/2$/0.2$/0.02$/0.002$, and that 0.002$ is the average roll on every user
I don't get what you're trying to say... 0.002$ is the average roll on every user? That's nonsense. $0.002 is like the base roll and because there is a chance on the higher prizes, it adds to that base roll. On average, you will hit the $200 every 10,000 rolls, so you basically get $0.02 (2 cents) every roll you play. It's simple maths bro. If you roll 1 million times, I'm pretty sure you would get ~27k worth of moneys

It's not at all guaranteed that you will hit the $200 every 10,000 rolls, but I just want to add my 2 cents to that "~27k worth of moneys" thing.

You can make a freeroll every hour so you have 24 free rolls per day at most. 24x365=8,760 free rolls per year.
You'll need 114 years to make 1,000,000 rolls. Smiley
I wasn't saying you would be making 27k/day, rather that you would gain that in total if you rolled 1 million times. Therefore the average roll reward would be 2.7 cents ($0.027)...
I did some maths... and if the number is really fair, the average roll will give 2-3 cents... (If you would roll 100,000 times, it would probably be 2-3 cents average). How is this profitable for you? 2 cents would mean you have to get $20 per thousand visits to have enough money to pay your users... But how does that work? Really... I'm curious... Is it simply because most users lose it all in the Multiply BTC or is it some dark secret you don't want us to know?

How did you arrive at 2-3 cents for the average roll? The top Free BTC roll prize is $200, it's fixed along with all prize levels below it, regardless of the price of bitcoin.
Lmao... I understand that it's all fixed. That's how I arrived at 2-3 cents (I did it in my head and my head isn't that exact Tongue) the exact value is: $0.027137, so basically 2.7 cents.

I can show you my calculation if you want..

https://docs.google.com/document/d/1JtwnXVjswztX0gVzqffW0gaKppQyWGG_dl4Kcnt6HDg/edit?usp=sharing

That's the document I put clear calculations in.

Use my ref links for +25% more earnings btw,
-Panda Trump

If there are 6 available prizes, being the maximum 200$ 0.1$ st the moment, and each prize is divided by 10, the you have 0.1/0.01/0.001/0.0001/0.00001/0.000001 then, it would be 200$/20$/2$/0.2$/0.02$/0.002$, and that 0.002$ is the average roll on every user
I don't get what you're trying to say... 0.002$ is the average roll on every user? That's nonsense. $0.002 is like the base roll and because there is a chance on the higher prizes, it adds to that base roll. On average, you will hit the $200 every 10,000 rolls, so you basically get $0.02 (2 cents) every roll you play. It's simple maths bro. If you roll 1 million times, I'm pretty sure you would get ~27k worth of moneys

Lol, I don't really see your maths. If just by pure chance the provability to hit the lowest prize is 98.85%, how is it not going to be the average income per roll on every user? You have to be a really lucky bastard just to hit the 1k prize (0.99%) and moreover to hit it repeatedly. And adding an example (in my acoount) I have about 2000 free rolls and that has given me aprox 450k satoshi. If you multiply it by 5 (to reach the 10k rolls you mentioned before), you would get 0.02 BTC and 0.02/10.000 =0.000002 =0.002$

Bro... I didn't say "what reward will you get most of the time"... I said "the average roll reward". So:

if you roll 10,000 times, you would on average get 9885 rolls on 0.2 cents, 100 rolls on 2 cents, 8 rolls on 20 cents, 4 rolls on $2, 2 rolls on $20 and 1 roll on $200.
So on average you will get 9885*0.002+100*0.02+8*0.2+4*2+2*20+1*200=271.37 every 10,000 rolls.
So the average roll is 271.37/10,000 = $0.027137 = ~2.7 cents

Is it really that hard to understand simple maths?

It's not that it is difficult to understand, it's about you facing it the wrong way (didn't mean to sound mean). Let's put a different example: Suppose you have 10 tickets, with numbers 1 to 10 in each. Each number has a prize. Numbers 1 to 7 go to prize A, 8 and 9 to B and 10 to C. If you took one ticket, the higghest chance is of getting A (here goes the key to our misunderstanding) if you don't put that ticket back, after 10 trials you would have earned A 7 times, B 2 times and C 1 time (this is what you say). But if you put that ticket back, after 10 trials, you don't neccesarily have to earned those same amounts (could be 9 A and 1 B or whatever). Now, applying this example to the website, and using the definition of average, 100 sathosis is the average income per roll (0,002$). What you say is not based on statistics and provability, just in having perfect numbers without taking the facts into account. (on average would mean the sum of each free roll divided into those free rolls, not the numbers you would get having each prize once)