Post
Topic
Board Gambling
Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
swogerino
on 11/11/2023, 17:50:27 UTC
I mean when you see an odd of 1.01, it means that 99.9% you should win with that odd, but that 0.1% chance may trigger one day and gamblers may lose all their life savings as they tend to put more money on such odds.
Considering the house edge of 5% on Freebitco, if you set the bet odds to 1.01, the probability of winning would be 94.06% and there would be a nearly 6% chance that you lose the bet.




It may worth mentioning that the chance of winning can be calculated using the following formula.

Chance of winning= (100 - house edge) / odds

This is perfect for people who want to wager and increase their wagering in order to get the side benefits it gives,more reward points,more weekly lottery tickets and of course if you play long enough more Golden Tickets.I didn't know that in here you can change the odd to 1.01 as in different casinos that offer to increase levels of premium tiers or VIP levels,most people use this dice strategy to increase their wagered amount no matter how small their bankroll may be.

Of course in the long term you will lose but with these type of odds and win chance with 1 Satoshi bet you can play a huge amount of time.