# Freebitco.in - MULTIPLY BTC - Script (No loss guarantee)

in bitcoin •  3 months ago

Today I'm going to show you a script for freebitco.in. You can use in the background and thus make simple profits.

Here's the script:

Sorry I can't paste it on YouTube/DTube so here's the pastebin link: https://pastebin.com/dq5jGPSd

I did not create it but found it on this website:
https://coinforum.ca/discussion/2511/martengale-script-bot-for-botfreebitco-in-multiply-btc-hi-lo-game

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Ok, so I spent some few more minutes studying the discussions and advices. The author of the script admits the odds are rigged in favor of the house, that one shouldn't gamble more than one can afford to lose, and that one shouldn't quit the day job over this script.

If I've understood it correct, the Martingale system works so that there is a small probability of losing the full stake and a high probability of ending up with some marginal winnings. If you play it for long enough, you will lose all the holdings.

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Yeah, the odds for doubling your bet are 47.5%, so they are 'rigged', but the website shows you that and you can simply change the odds (of course you get smaller revenue then). The point is that if you play with only small amounts like 1 or 2 Satoshis, you can double your bet (in case that you lose) and thus get your money back. That's why I recommended to have 100k or even more Satoshis, so you have enough tries to get your money back. If you start playing with 100k Satoshis you can lose 17 times.

1,2,4,8,16,32,64,128,256,512,1024,2048,4096,8192,16384,32768,65536

The probabilty that this happens is 52.5%^17 so 0.00001748671% this is virtually zero. Yeah it can happen if you play often enough, but it's very unlikely.

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Yes, yes, the probability for going bust is very small as long as one has a big buffer of money, but so is the winnings compared to the said buffer - and play the game some hundred thousand times (that's the reason why one wants to use a script, after all, to do it all over and over again) and the probability for loosing all the money will actually get quite significant.

In the end, there is no such thing as free money ... and if it really was, there is always the risk that the house will go bankrupt and everyone with deposits there will lose everything.

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In the end, there is no such thing as free money ... and if it really was, there is always the risk that the house will go bankrupt and everyone with deposits there will lose everything.

Exactly.

Multiplying BTC with no risk? If something sounds too good to be true, it's usually because it is too good to be true. I must admit I haven't studied the video nor the discussion site, but I feel quite confident there is a significant risk of losing all BTCs sent into this scheme.

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I must admit 'Multiplying BTC' is somehow clickbaity, but that's how the feature on this site is called.

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