Post
Topic
Board Gambling
Re: How to win in Freebitco.in
by
rwinkel
on 09/05/2019, 10:59:10 UTC
i Have a Question:

In the betting section, what does the TIME WEIGHT MULTIPLIER do to your bet. I don't get the explanation that is given on the site.

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The Time Weight Multiplier is an additional factor added to our betting events to incentivize early bets by assigning them a higher weight than later bets.

The Time Weight Multiplier starts at 100 for each event and goes down as time passes, eventually reaching 0 when the event ends.

The weight of each bet is assigned as (Bet Amount)*(100%+(Time Weight Multiplier)%). So, a bet made with Time Weight Multiplier of 99x will have a weight of 199% and a bet made with Time Weight Multiplier of 30x will have a weight of 130%.

In the example above, the bet with Time Weight Multiplier of 99x will win 60% (199/(199+130)) of the prize pool and the bet with Time Weight Multiplier of 30x will win 40% (130/(199+130)) of the prize pool.
So the quicker you make your bet, the higher share of the prize pool you can win!
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What if the odds are 4.42 and the TWM is 45.706x and I bet 1 BTC. My Estimated winnings wil be: 4.42000000. Is this actual my winning or will it be less?