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[bakasabo]

I didn't realize they have introduced crypto staking, but the rates... 60% sounds kinda far-fetched

At first glance, 60% APR sounds good. However, if you check the terms of the new steaking program, you will find that this APR can only be obtained by locking assets for 1 year and choosing pool type Fixed-Term, which implies mandatory wagering. For example, if you decide to stake 1k usdt on Betfury, you will have to wager at least 6k usdt every month to get those 60% APR. Now that's not so attractive, is it?

Wagering requirement does not look so unbelievable and hard to achieve, as you can deposit 6k and there are plenty ways to make a bet with 1.01 odd and withdraw it. Wagering requirement is a least of the problem. The fact that you have to freeze asset for 1 year is the main problem here, as casinos life cycle isnt as reliable as exchange or banks life cycle. Probability that casino could go bankrupt after someone wins jackpot is higher than bank goes bankrupt or exchange got hacked.

[1714865831]

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[1714865831]

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[Synchronice]

I didn't realize they have introduced crypto staking, but the rates... 60% sounds kinda far-fetched

At first glance, 60% APR sounds good. However, if you check the terms of the new steaking program, you will find that this APR can only be obtained by locking assets for 1 year and choosing pool type Fixed-Term, which implies mandatory wagering. For example, if you decide to stake 1k usdt on Betfury, you will have to wager at least 6k usdt every month to get those 60% APR. Now that's not so attractive, is it?

When you subscribe fixed-term fire stack for 365 days, you have to wager invested amount for 6 times within the last 30 days.

Wagering requirement does not look so unbelievable and hard to achieve, as you can deposit 6k and there are plenty ways to make a bet with 1.01 odd and withdraw it. Wagering requirement is a least of the problem. The fact that you have to freeze asset for 1 year is the main problem here, as casinos life cycle isnt as reliable as exchange or banks life cycle. Probability that casino could go bankrupt after someone wins jackpot is higher than bank goes bankrupt or exchange got hacked.

Wagering requirement is really low for yearly 60% benefit. I think that risk is higher for the casino compared to user. Even without wagering requirements, their fixed-term plan that doesn't require wagering, still offers up to 27% reward a year for staked USDT, that's insanse. I hope this casino doesn't plan to scam people because this is the superior way to collect money immediately on their platform but reward looks unbelievable and financially super risky.
I just don't understand why APR on flexible pool type is 30% and 27% on fixed-term 365 days term for USDT, this is probably a typo because calculator calculates differently.

[PrinceGergo]

bet who?
https://sshortly.net/SyJLCV

[leonair]

I didn't realize they have introduced crypto staking, but the rates... 60% sounds kinda far-fetched

At first glance, 60% APR sounds good. However, if you check the terms of the new steaking program, you will find that this APR can only be obtained by locking assets for 1 year and choosing pool type Fixed-Term, which implies mandatory wagering. For example, if you decide to stake 1k usdt on Betfury, you will have to wager at least 6k usdt every month to get those 60% APR. Now that's not so attractive, is it?

Wagering requirement does not look so unbelievable and hard to achieve, as you can deposit 6k and there are plenty ways to make a bet with 1.01 odd and withdraw it. Wagering requirement is a least of the problem. The fact that you have to freeze asset for 1 year is the main problem here, as casinos life cycle isnt as reliable as exchange or banks life cycle. Probability that casino could go bankrupt after someone wins jackpot is higher than bank goes bankrupt or exchange got hacked.

Wagering requirements are a big hassle on casino sites. If you want to get some benefits with the deposit then you must meet these requirements. For this I am not willing to accept any bonus, stake facility. I want to deposit an amount and gamble freely with them as I wish. And I want the freedom to withdraw them at any time. Because of this I avoid time bonus topics. Because wagering issues make us gamble for a long time on gambling sites. And thus comes a deep addiction to gambling

[Fivestar4everMVP]

I didn't realize they have introduced crypto staking, but the rates... 60% sounds kinda far-fetched

At first glance, 60% APR sounds good. However, if you check the terms of the new steaking program, you will find that this APR can only be obtained by locking assets for 1 year and choosing pool type Fixed-Term, which implies mandatory wagering. For example, if you decide to stake 1k usdt on Betfury, you will have to wager at least 6k usdt every month to get those 60% APR. Now that's not so attractive, is it?

Wagering requirement does not look so unbelievable and hard to achieve, as you can deposit 6k and there are plenty ways to make a bet with 1.01 odd and withdraw it. Wagering requirement is a least of the problem. The fact that you have to freeze asset for 1 year is the main problem here, as casinos life cycle isnt as reliable as exchange or banks life cycle. Probability that casino could go bankrupt after someone wins jackpot is higher than bank goes bankrupt or exchange got hacked.

Wagering requirements are a big hassle on casino sites. If you want to get some benefits with the deposit then you must meet these requirements. For this I am not willing to accept any bonus, stake facility. I want to deposit an amount and gamble freely with them as I wish. And I want the freedom to withdraw them at any time. Because of this I avoid time bonus topics. Because wagering issues make us gamble for a long time on gambling sites. And thus comes a deep addiction to gambling

Gambling for a very long time is not what causes or lead gamblers into deep gambling addiction, but rather, what causes gambling addiction is the gamblers attitude or character in gambling.

I can tell you for sure that, there are gamblers who can sit down for several hours playing one or different gambling games, and they do this everyday, and yet, are never addicted to gambling, I myself is a testimony to this fact. I can sit and play casinos games for hours without a burnout, and no addiction as well.

But there are gamblers who only played for few days and we could already see the signs of addiction in such a player.

So, people differs, attitude and approach towards gambling is what either causes the player to get addict or not.

[FanEagle]

I think one of the main problems is that they are quiet about the development of the tokens (no roadmap,…). In my eyes, the mining should never have stopped so early, in that way the team had a lot more team to think about what doing next with the tokens is mining is finished.

They quiet because maybe for now they have nothing to show that's why they keep silent regarding on the token development and try to bury that discussions by launching some new promotions intended for their casino. But it seems what they do is not effective still many people are so eager to talk about BFG development since maybe they are still holding it and want to see dev doing some nice action unto this token. Maybe if they are open to answer all question related to their token provably many people could understand their current situation. But they leave other no choice since no clear explanation about it so there would be a discussion would pop up since many still want to know what's happening to their token.

I would guess that it must be such a big trouble for a casino, I mean think about it, you are a casino and you have a token, if you want to improve the marketing and PR for your casino, then people will ask "what about doing something about the token???" and get mad, if you focus on the token then this time people will ask "what about doing something for the casino, we gamble a lot here?" and they will get mad.

This system is very difficult for them, it's great for the gambler because you get two things all at the same time, and we get to complain about anything we want, but it is hard for the team, after all you can't put the exact same effort into it, there is a big difference and that is why I believe that it is not going to be the same. Team will need to take a breather, they will need to stop everything for a while, and just look at what they have and make a new plan, because otherwise they are going to get burned out from working so hard to make them both work at the same time.

[dwyane36]

I just don't understand why APR on flexible pool type is 30% and 27% on fixed-term 365 days term for USDT, this is probably a typo because calculator calculates differently.

Flexible staking has tiered APRs that depend on how many tokens a user has staked. For example, if you decide to stake from 0 to 250 usdt, the APR will be 30%. However, if you stake from 251 to 1000 usdt, the APR will be 20%, i.e. the more usdt you have staked, the lower the APR will be, down to 10%. So, there is most likely not a typo but a marketing ploy to attract more users' attention.

[PrinceGergo]

bet who?

[Findingnemo]

I am not willing to accept any bonus, stake facility. I want to deposit an amount and gamble freely with them as I wish. And I want the freedom to withdraw them at any time. Because of this I avoid time bonus topics. Because wagering issues make us gamble for a long time on gambling sites. And thus comes a deep addiction to gambling

I don't remember any casino lifting their wagering requirements if they are willing to accept they won't ever want to claim any bonus and rewards but there are casinos that don't have bonuses at all that even has wagering requirements and its inevitable due to the AML policies so these no claim bonus can help for someone who needs to have multiple accounts for privacy reasons.

[Fivestar4everMVP]

I am not willing to accept any bonus, stake facility. I want to deposit an amount and gamble freely with them as I wish. And I want the freedom to withdraw them at any time. Because of this I avoid time bonus topics. Because wagering issues make us gamble for a long time on gambling sites. And thus comes a deep addiction to gambling

I don't remember any casino lifting their wagering requirements if they are willing to accept they won't ever want to claim any bonus and rewards but there are casinos that don't have bonuses at all that even has wagering requirements and its inevitable due to the AML policies so these no claim bonus can help for someone who needs to have multiple accounts for privacy reasons.

Man, learn to use punctuations in your posts when and where necessary, without this, reading and understanding properly; your post is kind of difficult.

And anyways, I believe bakasabo wasn't saying anything about any casino lifting their wager requirement.
As long or far as I understand, wager requirement is a criteria that comes with bonuses, as a way to prevent or keep gambler discouraged from abusing the bonus, but then, some casino still have a wager requirements on deposited funds, where as, the gambler is required to wager a certain amount of money he or she deposited before he or she can withdraw, this I believe some casinos do to prevent gamblers from using the casino as a means to launder money, I might be wrong though.

[bakasabo]

I am not willing to accept any bonus, stake facility. I want to deposit an amount and gamble freely with them as I wish. And I want the freedom to withdraw them at any time. Because of this I avoid time bonus topics. Because wagering issues make us gamble for a long time on gambling sites. And thus comes a deep addiction to gambling

I don't remember any casino lifting their wagering requirements if they are willing to accept they won't ever want to claim any bonus and rewards but there are casinos that don't have bonuses at all that even has wagering requirements and its inevitable due to the AML policies so these no claim bonus can help for someone who needs to have multiple accounts for privacy reasons.

I think you have a mistake while quoting post. Those sentences belong to leonair post.

Anyway, how come multiple accounts improve privacy? I think they do opposite, they decrease it. The more you are presented somewhere, the more chances that you will make a mistake.

I find it reasonable to have wagering requirement for bonuses. Even high wagering requirement is ok for me. Casinos are not charity organizations. They dont suppose to give free money every single user. As well as nobody forces no one to collect bonus and bother with wager.

[piebeyb]

Gambling for a very long time is not what causes or lead gamblers into deep gambling addiction, but rather, what causes gambling addiction is the gamblers attitude or character in gambling.

I can tell you for sure that, there are gamblers who can sit down for several hours playing one or different gambling games, and they do this everyday, and yet, are never addicted to gambling, I myself is a testimony to this fact. I can sit and play casinos games for hours without a burnout, and no addiction as well.

But there are gamblers who only played for few days and we could already see the signs of addiction in such a player.

So, people differs, attitude and approach towards gambling is what either causes the player to get addict or not.

Yes, it's true if we gamble every day but we can still control ourselves and that can't be completely called an addict but can be called a gambler, but there are also gamblers who play all the time but they can't control themselves so gambling without limits is definitely called an addict and already addicted, because normal gambling is knowing when to gamble and when to stop gambling.

What really causes addiction is usually because you are obsessed with looking for a source of income and wealth in gambling so the behavior is like being greedy so usually because greedy behavior will cause addiction, it is true that every gambler is always different depending on how they use their mindset when gambling and the most correct thing is gambling. wisely consider gambling only as entertainment. 

[Findingnemo]

Man, learn to use punctuations in your posts when and where necessary, without this, reading and understanding properly; your post is kind of difficult.

This isn't grammar class and I don't think anyone finds it difficult to read and understand it, but if you do, then please feel free to use the ignore button. Cheers!

Anyway, how come multiple accounts improve privacy? I think they do opposite, they decrease it. The more you are presented somewhere, the more chances that you will make a mistake.

High rollers who don't want to see their names seen on the leaderboard or simply don't feel comfortable using the same account after wagering a certain amount but it all applies to no KYC, no bonus casinos which are very rare now since most crypto casinos implemented mandatory KYC for accessing withdrawal button.

[LUCKMCFLY]

No new development for the casino besides that APR. Maybe it needs another promotion to keep the projects popularity because its starting to die down.

If its presence is just to keep the ANN thread up, it will be forgotten especially that I don't see anyone bragging their wins in this casino.

The casino itself is still popular because they have strong marketing in social media. BFG token is the one that already left behind and probably just another token use for reward in the casino. They already stop focusing their promotion to the token that’s why there’s nothing much price action happening.

I doubt that they will revive promotion on their token while they have a good casino performance in general without thinking about the BFG token.

I think one of the main problems is that they are quiet about the development of the tokens (no roadmap,…). In my eyes, the mining should never have stopped so early, in that way the team had a lot more team to think about what doing next with the tokens is mining is finished.

Yeah. They are purposely doing it to avoid commitment on it again that we all know will cost them a lot while they are just using the token for reward purposes. The BFG token liquidity is not that huge while everyone in the community seems like doesn’t care on the development of the token.

I think they are just ignoring as much as possible since the casino is still working fine with or without the token.

Well along this path of learning about casinos and everything they can do to Improve, I Have never seen leaving bitcointalk traffic be the best option , yes for non-crypto Casinos , fiat casinos Don't matter , because it is something that they have a level of Competition at other levels that are not those of those in Crypto , but to give a boost to a forum that is Satoshi's, where there are very large investors, where they will leave anything for a token They are doing it very well, I think it is not the right way, there is an old saying that they say where I saw it is:  "He who covers a lot, squeezes little" eventually if they got involved with tokens and a market like crypto, Well, they had to have some awareness of what they were getting into, not because of them with the token , but to have the necessary tact Because there were Investors who were there with them Buying their tokens, trusting in what they should be , whether they were Right or Wrong in their situation  casino , that Was not the Correct behavior.

First of all, I have to have a very futuristic vision, if at this Moment I don't have a casino in which I did all that, I am not exempt from doing things well and having everything collapse again, and when I want to emerge, who do I need? ? To the clients, to the players, to the audience, and to everything in the community possible, if they come to Bitcointalk again to do things better, to build on what they did, do you think they will have the highest level of trust that they had in them? No, because obviously how are you going to give it an opportunity when they let a token that looked very promising leave it alone in decentralized exchanges, and not worry about Raising the price or holding contests, or so many things, the advantage they have as a casino is that people trust more than any project they get from an alt, and that is Something that disappoints, for the Investors and players who Believed in the beginning.

[o48o]

Well along this path of learning about casinos and everything they can do to Improve, I Have never seen leaving bitcointalk traffic be the best option , yes for non-crypto Casinos , fiat casinos Don't matter , because it is something that they have a level of Competition at other levels that are not those of those in Crypto , but to give a boost to a forum that is Satoshi's, where there are very large investors, where they will leave anything for a token They are doing it very well, I think it is not the right way, there is an old saying that they say where I saw it is:  "He who covers a lot, squeezes little" eventually if they got involved with tokens and a market like crypto, Well, they had to have some awareness of what they were getting into, not because of them with the token , but to have the necessary tact Because there were Investors who were there with them Buying their tokens, trusting in what they should be , whether they were Right or Wrong in their situation  casino , that Was not the Correct behavior.

First of all, I have to have a very futuristic vision, if at this Moment I don't have a casino in which I did all that, I am not exempt from doing things well and having everything collapse again, and when I want to emerge, who do I need? ? To the clients, to the players, to the audience, and to everything in the community possible, if they come to Bitcointalk again to do things better, to build on what they did, do you think they will have the highest level of trust that they had in them? No, because obviously how are you going to give it an opportunity when they let a token that looked very promising leave it alone in decentralized exchanges, and not worry about Raising the price or holding contests, or so many things, the advantage they have as a casino is that people trust more than any project they get from an alt, and that is Something that disappoints, for the Investors and players who Believed in the beginning.

Yeah, marketing trough bitcointalk was a good idea. Imho whole token was ingenious way to unite crypto investors and gamblers both wanting to invest into passive income. Both generating volume, because they were interested about the future of the token.

But among some other things they messed up was the plan. As their end game didn't seem to make any sense from the beginning. Casino was generating volume by people grinding and mining the token, but there was no clear plan what would happen next. Circulating supply kept rising and dividends decreasing. Mining for tokens didn't make any sense any more. And i am pretty sure they didn't even bother to check where in the world this centalized dividend distrubution from profits would be even legal, because betury ended up serving only handful of countries.

They had lots of promise and i ignored lots of red flags because of it.

[dwyane36]

And i am pretty sure they didn't even bother to check where in the world this centalized dividend distrubution from profits would be even legal, because betury ended up serving only handful of countries.

Yeah, Betfury has a huge list of restricted jurisdictions in its rules. I think that when the Betfury developers only had the idea of creating the project and only launched it, it is unlikely that they could have foreseen all the nuances and consequences. However, the fact that Betfury still allows its users to use VPNs indicates that they are only formally restricting access for users from banned jurisdictions.

[ultrloa]

Well along this path of learning about casinos and everything they can do to Improve, I Have never seen leaving bitcointalk traffic be the best option , yes for non-crypto Casinos , fiat casinos Don't matter , because it is something that they have a level of Competition at other levels that are not those of those in Crypto , but to give a boost to a forum that is Satoshi's, where there are very large investors, where they will leave anything for a token They are doing it very well, I think it is not the right way, there is an old saying that they say where I saw it is:  "He who covers a lot, squeezes little" eventually if they got involved with tokens and a market like crypto, Well, they had to have some awareness of what they were getting into, not because of them with the token , but to have the necessary tact Because there were Investors who were there with them Buying their tokens, trusting in what they should be , whether they were Right or Wrong in their situation  casino , that Was not the Correct behavior.

First of all, I have to have a very futuristic vision, if at this Moment I don't have a casino in which I did all that, I am not exempt from doing things well and having everything collapse again, and when I want to emerge, who do I need? ? To the clients, to the players, to the audience, and to everything in the community possible, if they come to Bitcointalk again to do things better, to build on what they did, do you think they will have the highest level of trust that they had in them? No, because obviously how are you going to give it an opportunity when they let a token that looked very promising leave it alone in decentralized exchanges, and not worry about Raising the price or holding contests, or so many things, the advantage they have as a casino is that people trust more than any project they get from an alt, and that is Something that disappoints, for the Investors and players who Believed in the beginning.

But among some other things they messed up was the plan. As their end game didn't seem to make any sense from the beginning. Casino was generating volume by people grinding and mining the token, but there was no clear plan what would happen next. Circulating supply kept rising and dividends decreasing. Mining for tokens didn't make any sense any more. And i am pretty sure they didn't even bother to check where in the world this centalized dividend distrubution from profits would be even legal, because betury ended up serving only handful of countries.

They had lots of promise and i ignored lots of red flags because of it.

This is the reason why people got discourage about them since it seems that they didn't been heard by management and continue suffering from current status of their token. If BFG know how to settle some emotions and do more better job regarding on developing other important things that can help their token for sure many people will not get disappointed on their performance. But they remain silent despite of so many doubts and negative discussion that's why to many investors are not got dismayed about them.

We might don't know what is there plan for future but for sure many of those old holders got enough on what they are seeing at the moment. To many speculations and other discussions related to their token rise up here so I guess the negative discussion will continue unless they do something to help it and also the people holding those tokens.

[bakasabo]

And i am pretty sure they didn't even bother to check where in the world this centalized dividend distrubution from profits would be even legal, because betury ended up serving only handful of countries.

Yeah, Betfury has a huge list of restricted jurisdictions in its rules. I think that when the Betfury developers only had the idea of creating the project and only launched it, it is unlikely that they could have foreseen all the nuances and consequences. However, the fact that Betfury still allows its users to use VPNs indicates that they are only formally restricting access for users from banned jurisdictions.

I find it strange that some rules contradict other rules. Some countries are restricted to use sports betting, while are allowed to gamble in casino, and to use NFT loot boxes now. I dont understand logic of that, because you are not allowed and both allowed to gamble. Consequences from loosing are the same, people get same gambling addiction.

Using VPN while it isnt allowed is tricky. They allow to lose and win money, but in a different scenario, usage of VPN can cause withdrawal problems (they can lock account after a big win for example). I dont think this is fair.

[AbuBhakar]

And i am pretty sure they didn't even bother to check where in the world this centalized dividend distrubution from profits would be even legal, because betury ended up serving only handful of countries.

Yeah, Betfury has a huge list of restricted jurisdictions in its rules. I think that when the Betfury developers only had the idea of creating the project and only launched it, it is unlikely that they could have foreseen all the nuances and consequences. However, the fact that Betfury still allows its users to use VPNs indicates that they are only formally restricting access for users from banned jurisdictions.

This is incorrect interpretation on why Betfury allow VPN. VPN is use for privacy purposes but that doesn’t mean you are allowed to use to bypass the country restriction to play in the casino. There are many users that use VPN regularly when playing in the casino and other website for privacy. I believe that’s the reason why Betfury allow VPN usage and not to bypass restrictions because they are committing a violation against their license if they allow players from restricted country to play.

[piebeyb]

Using VPN while it isnt allowed is tricky. They allow to lose and win money, but in a different scenario, usage of VPN can cause withdrawal problems (they can lock account after a big win for example). I dont think this is fair.

The easy thing is to ask their service support or other support team about using a VPN, after all, sometimes people often experience this because they are lazy to ask about the terms of using VPN on the site, each casino site always has different requirements and regulations, so don't be shy. to ask so that it doesn't become a new problem for anyone.

It's true that there are cases of accounts being frozen and withdrawals being held due to VPN use, but that's only on some casino sites because not all casinos prohibit it, I personally don't know Betfury's terms and regulations but there's no harm in asking anyone in this thread or support service on their site about VPN use. because there are some countries that may prohibit gambling and cannot access gambling, so you have to use a VPN.