Freebitco.in

I already have some information online in this post but I would like to explain some parts in more detail.

Confusion about not winning with winning number

When you start the high-low game (named Multiply BTC in the menubar) at Freebitco.in (referral link) the screen looks like this:

PAYOUT is set to : 2

The text in the middle says the following:
You win if betting on HI,
-when the generated number is HIGHER than 5250, so that is 5251 to 9999
You win if betting on LOW,
-when the generated number is LOWER than 4750, so that is 0000 to 4749

This means when the generated number is in the 4750 to 5250 range, YOU LOSE, no matter what you were betting on.

Changing the PAYOUT setting

Now when you change the PAYOUT setting, you also change these ranges. The middle range increases, so your chances of getting HI or LOW decrease. That is something people are often not aware of. They think the system is cheating because the generated number is in the HI range and they betted high. But they are wrong because they are comparing the number with ranges that reflect the PAYOUT set to 2.

It is kind of logical though. If the system were to allow you to increase your winnings without changing the chance to win, they would lose a lot of money.

The principle of gambling

This is true for every gambling game, the more risk you take the more you can win, but also the more you can lose. Finding the balance between risk and profit is kind of an art.

Greed

Your biggest component is greed. If you want too much too soon, you will end up with nothing. You can read multiple stories on that online. People try 'Autobet' settings someone published on YouTube and after winning a few rounds they lose it all. Or people pay for a script that is supposed to roll 10000 every hour so you get a great reward every hour. These scripts don't work. Do not spend your money on those.

Take it slow

Start by just hourly collecting the number of free satoshi for a while. A day or at least a couple of hours. The number of satoshi you get can differ from hour to hour. When the Bitcoin rate goes up, you get less. When the Bitcoin rate goes down, you get more.

Double till you win

The whole idea is to be able to win your money back after a bad bet, by doubling your betting amount. If you do not have enough satoshi to do that you will lose it all.

My new strategy with limit

After performing the hourly roll, I do the following:

• set PAYOUT to 2.3 (or 2.4 every other hour)
• set BET AMOUNT to 0.00000010
• click BET LO
• if it is incorrect, double BET AMOUNT
• click BET HI
• if it is incorrect, double BET AMOUNT and click BET HI, repeat til correct or limit reached

What is the limit?

You set the limit. When I started this strategy I had collected like 0.00005000 BTC. That is not a lot, but it is free :). At that point I stopped betting whenever I reached a 100 level.

For example:
start: 0.00005000
I win a few times and end up with
0.00005115
For my next bet I will only use the last 15 satoshi and will not get below the 5100 level
Once I got above 0.00010000 BTC I switched to using a 500 level

You will never know if one bet more would have won you all your money back, but it is better to lose a few than to risk it all.

Limit playing

It seems when you play continuously, the software of the website starts interfering and you lose a lot because the occurance of HIGH and LOW seem to get less random. Whether this is true or not, I don't know, many people say that is what happened to them. I did experience very long sequences of 'not HI' at some point, so be aware.

Best practice seems to be to just play a few times every hour. For example, right after the hourly roll, and half an hour after that.

Dogecoin

Apart from changing the betting amount before starting to bet, all the above apply to the Dogecoin website (referral link) of the same company as well.