Post
Topic
Board Gambling
Re: FreeBitco.in - Win free Bitcoins every hour!
by
Betwrong
on 11/05/2018, 12:18:27 UTC
Actually I don't think so because some players do win in the "Multiply your bitcoins" and in the Lottery sections. You can check the STATS section to see how many Bitcoins were won by users and you'll see that the amount is impressive.

Speaking about the Multiply section, the site has 5% house edge and that's what they keep to themselves, not most of the Satoshis received from the FREE Rolls. Same goes for any provably fair dice gambling site, they don't care about winning or losing of a particular player, they just earn from the house edge.

The amount gambled is indeed quite impressive compared to other dice sites.  Wink You can also see the withdrawals on the stats page and they add up to a large amount as well.

The 5% house edge isn't what we keep to ourselves it is the gross income. That has to pay for the faucet and all the lottery tickets and reward points we give away. Then all the hosting costs etc. and what is left over is the profit.


Of course that's understandable that a site like yours has a lot of working expenses apart from payouts to lottery winners, faucet claimers, jackpot winners etc. I'm even wondering whether the business is profitable, considering how much you give out each month. I haven't managed to find the withdrawals on the stats page, but I can imagine that the amount is big.

Thanks for elaborating! Smiley Keep up the good work!