Investing in Casino tokens such as BFG, OWL or TFS

[X-ray]

Maybe all of your purchases will be absorbed and not increase the price? We do not know any of this and we should be careful about it as well. I personally would prefer to keep it at a balanced level and make investment for the long term profit just for the dividends these tokens usually pay out.

Just remind you that if the divident that being paid actually depends on the performance from the platforms. Some gambling tokens have no users and how can they pay the dividend to the users? Investing in the altcoin is always involving a very big risk for your money.
I just wanna try to tell you that if when someone has been deciding to invest in this kind of token and he must agreed if he was also gambling his money with the tokens that can also be manipulated as well.
So far, the gambling platforms are not having a good result from its development. So many gambling platforms that issued tokens almost dead.

[mak013]

The price doesn`t means that the BFG better than OWL. The markets and trading volume give us more information. And here we see that OWL has no volumes and just 2 markets. The same time BFG has 5 markets and not very serious volume but enough to have opportunity for trading. But the start price of OWL was, as i see, $0.0038 and BFG - $0.032. That means that the OWL investors made x3 and BFG  investors - -x2.

Maybe it's because people see that the price of BFG is higher than OWL that they think that BFG is better than OWL. We must research each project so we don't buy the wrong one. If you wish, you can buy both tokens at once so that you can have the potential to make a profit from both tokens. It's true that OWL has had some problems in the past but that doesn't mean OWL can't experience price increases in the future. Most importantly, you should research before buying and don't just listen to other people's advice before you know.

It the first thing that investor must to do - his own research. Without it he can look at one moment(in our situation it can be price) and make his choice without analyze. And the same time the price can be the parameter that means nothing.
Of course we can buy the both tokens, it can be the part of strategy and, it can decrease risks. But these tokens created for gambling casinos - better to choose other tokens for higher diversification.

[bakasabo]

Betfury pays good dividends to BFG holders.

I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.

I just checked that to be honest 1$ a day is quite good in many situations. for instance, the minimum wage here is about 17$ /month.
But that annual yield rate is quite big if you ask me, makes me wonder about risk exposition when hunting passive income on casinos, it is also interesting how USDT occupies such a importance percentage of their staking pool, I would have expected BTC to have a protagonistic place, but it seems i was wrong.

If your minimum wage is $17 per months, that investing $850 to get $1 a day is something unreal. And you will get this $1 as 0.53 USDT, 1.27 TRX, 729sat, 0.0006 BNB and 0.000073 ETH. BetFury minimum withdrawal amounts for some altcoins are quite high, so it will take time before you can withdraw them. Such investment wont be a solution for low salary as you will have to wait some time before you will be able to withdraw and loose on withdrawal fees.

Do you know where I can find more documentation on this staking pool or what other casinos offer similar yield to their clients?
I have no intentions to stake just get informed on how they manage to keep that yield so high.

https://betfury.io/staking

[FanEagle]

Betfury pays good dividends to BFG holders.

I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.

If it was a stable income and we didn't had any fear of losing value or anything, then this would be awesome. Think about it, if you put 850 dollars and get 365 dollars a year, that means you could invest 85k dollars and get 36.5k dollars a year, and that's good enough to live "almost" anywhere in the world.

Even in the USA you would be poor but you wouldn't be starving, you could find houses for 500 bucks a month and eat for another 500 bucks or so per month and pay about 500 for the living expenses like heat and electricity and internet etc, which would mean that you would be able to live give or take but would be quite tough. So, it is actually quite good return but will it stay like that.

[Beparanf]

Betfury pays good dividends to BFG holders.

I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.

If it was a stable income and we didn't had any fear of losing value or anything, then this would be awesome. Think about it, if you put 850 dollars and get 365 dollars a year, that means you could invest 85k dollars and get 36.5k dollars a year, and that's good enough to live "almost" anywhere in the world.

Even in the USA you would be poor but you wouldn't be starving, you could find houses for 500 bucks a month and eat for another 500 bucks or so per month and pay about 500 for the living expenses like heat and electricity and internet etc, which would mean that you would be able to live give or take but would be quite tough. So, it is actually quite good return but will it stay like that.

There’s no stable income in crypto because BFG price is volatile same with the crypto market. You might lose more than half of your initial investment while staking if the price of Bitcoin dump hard because all altcoins is affected of this kind of event. Staking using volatile asset is like a double edge sword that might give you huge gain or lose. Staking stablecoin is the safest source of stable income but don’t expect too much for the APY because DeFi only offers less than 10% as APY for this kind of token but it still better than storing your money in the bank for interest.

[Fredomago]

I have a friend who, when he invests in tokens like these, makes a strategy that I don't know if it's good or he just wants to get his tajkada and already, for example, he buys a lot of tokens, enough to make more than $20k, and he gets that he has a possible 20-30% pump when he does, so he just places a sell order guaranteeing that profit and after they get there they sell and voila, they don't care about anything else, but obviously he has more specialized focused thinking to being a market speculator, where he takes advantage of those market moments, obviously an investor has another type of thinking, so everything is valid, but only what each person wants to obtain from a project is taken into account.

I echoe that, it's the target that each traders/investors that value the success, there are many different strategy but the main goal is to earn, with casino tokens investors are hoiping to earn extra with staking while holding the coin that they've bought. A kind of feature where investors can take advantage while waiting for the price to rise, unlike with your friend, that kind of strategy is to scalp the market movemetns and if the prediction is right it's an easy money to take out from the market.

Betfury pays good dividends to BFG holders.

I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.

If it was a stable income and we didn't had any fear of losing value or anything, then this would be awesome. Think about it, if you put 850 dollars and get 365 dollars a year, that means you could invest 85k dollars and get 36.5k dollars a year, and that's good enough to live "almost" anywhere in the world.

Even in the USA you would be poor but you wouldn't be starving, you could find houses for 500 bucks a month and eat for another 500 bucks or so per month and pay about 500 for the living expenses like heat and electricity and internet etc, which would mean that you would be able to live give or take but would be quite tough. So, it is actually quite good return but will it stay like that.

There’s no stable income in crypto because BFG price is volatile same with the crypto market. You might lose more than half of your initial investment while staking if the price of Bitcoin dump hard because all altcoins is affected of this kind of event. Staking using volatile asset is like a double edge sword that might give you huge gain or lose. Staking stablecoin is the safest source of stable income but don’t expect too much for the APY because DeFi only offers less than 10% as APY for this kind of token but it still better than storing your money in the bank for interest.

And with that same argument, if the market pumped up, and those assets experienced the bull run, aside from the token's value, you also have extra with the stake rewards that you received. It's more about how you trust the team and how long you are willing to wait while the progress is still ongoing.

[Rigon]

BFG is a very good coin to invest. I have invested this coin and can see from there getting five more coins as staking bonus.But what I like the most is that they give their staking bonus every day and very small withdrawals.But not only do I have OWL game tokens here but I can also sell that coin.The coin I have is from the Polygon platform. I tried many times to sell but I failed in the end.But the token that I like the most is the BFG token.

[johhnyUA]

Do you know where I can find more documentation on this staking pool or what other casinos offer similar yield to their clients?
I have no intentions to stake just get informed on how they manage to keep that yield so high.

https://betfury.io/staking

Staking is very bad idea. Even if we ignore the fact that your money may flee away if something happen to contract and/or casino/site, you need to pay fee for start of staking and in  the end - when you will try to take your money back.

APY up to
59.89%

Also, if we look at your link, casino propose very small APY interest. A lot of staking sites propose something like 300 % or similar (sometimes even more)

[dataispower]

BFG is a very good coin to invest. I have invested this coin and can see from there getting five more coins as staking bonus.But what I like the most is that they give their staking bonus every day and very small withdrawals.But not only do I have OWL game tokens here but I can also sell that coin.The coin I have is from the Polygon platform. I tried many times to sell but I failed in the end.But the token that I like the most is the BFG token.

Before someone people invest in a coin, they make sure that they have checked the if the coin will last or they coin will just take away their money. You can testify about coin to give it a quality because you are of the team, for now investors have to be careful for further investment and especially for the coins that have no influence and are not officially known by people. Before i will invest for this project, i will make sure i have research very well for the project and also know if it's a good one.

[Fortify]

It looks like all cryptos went down in the past few weeks/months, Bitcoin is down, Ethereum is down.

Among the few ones that actually haven't lost a lot of value are cryptos that represent gambling sites, for instance:

• BFG for BetFury - they offer currently up to 76% yields per annum on the BFG token that is paid in other cryptos such as USDT, BNB etc.
• OWL for OwlGames - they offer 43% per annum on their OWL token, their currency has actually went up in value whilst all other cryptos went down - and why? Anyone knows?
• TFS for FairSpin - not very popular but represents FairSpin, didn't go down in value much either.

Are these things similar to what we had in the 1990s and 2000s before Crypto - like buying "William Hill" or "Ladbrokes" stocks? Is it more or less the same thing just in Crypto?

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

 

These are nothing like buying "William Hill" or "Ladbrokes" stocks. When you buy stocks you are buying part of the ownership of that company which is much more valuable and secured. All you're buying with these are virtual tokens that the company launched and they don't come with anywhere near the same legal protections. These are the equivalent of funding a casinos operation, so you will take all of the risk with them taking most of the profits. If you were serious about investing in a casino like this, you should stick with thorough research and buy into the stock of much bigger gambling companies - who have weathered all the storms, because right now with these casino tokens, you will be bobbing around in a dinghy in the Atlantic waiting to sink.

[Hispo]

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If your minimum wage is $17 per months, that investing $850 to get $1 a day is something unreal. And you will get this $1 as 0.53 USDT, 1.27 TRX, 729sat, 0.0006 BNB and 0.000073 ETH. BetFury minimum withdrawal amounts for some altcoins are quite high, so it will take time before you can withdraw them. Such investment wont be a solution for low salary as you will have to wait some time before you will be able to withdraw and loose on withdrawal fees.

-snip-

https://betfury.io/staking

Thanks letting me know those details. Even though the min salary is low here there are people who have some saving and are willing to find way to get some reasonable yield out their money. I suppose that getting constant withdrawvals from a casino sounded too good to be true indeed. Again, I was not planning to buy or stake casino tokens I just wished to know more about it.

Do you know where I can find more documentation on this staking pool or what other casinos offer similar yield to their clients?
I have no intentions to stake just get informed on how they manage to keep that yield so high.

https://betfury.io/staking

Staking is very bad idea. Even if we ignore the fact that your money may flee away if something happen to contract and/or casino/site, you need to pay fee for start of staking and in  the end - when you will try to take your money back.

APY up to
59.89%

Also, if we look at your link, casino propose very small APY interest. A lot of staking sites propose something like 300 % or similar (sometimes even more)

I am aware of the risks involved with staking for high yield and I have no intentions to do so, just wanted to know more.
Also 53% is already risky enough imo, 300% definitely raises a red flag when comes to APY.

As far as I am aware one of the only ways to actually stake in a relatively secure way is to do it with a very established coin, like Ether instead of tokens.

[Wiwo]

BFG is a very good coin to invest. I have invested this coin and can see from there getting five more coins as staking bonus.But what I like the most is that they give their staking bonus every day and very small withdrawals.But not only do I have OWL game tokens here but I can also sell that coin.The coin I have is from the Polygon platform. I tried many times to sell but I failed in the end. But the token that I like the most is the BFG token.

Am not too familiar with the token you mentioned but however I may like to see for myself what the condition of their market is and how volatile the token is in the market to know whether or not BFG can be a good investment choice for staking, but so far I have been staking owl token for over a 4 months now and to a great extent I like their products and the stability of the token throughout this period of a bear market. Unlike other casino-based tokens that can easily get dumped in the market.

[babygun]

I am aware of the risks involved with staking for high yield and I have no intentions to do so, just wanted to know more.
Also 53% is already risky enough imo, 300% definitely raises a red flag when comes to APY.

As far as I am aware one of the only ways to actually stake in a relatively secure way is to do it with a very established coin, like Ether instead of tokens.

I don't really agree that staking is very risky. Betfury has proven themself as a legit casino but there is always a risk involved. The APY that they currently propose of 53% is not bad at all in my eyes and has already been a lot higher also in the past. Do your own research and don't put all your eggs in the same basket.

[RealMalatesta]

I just checked that to be honest 1$ a day is quite good in many situations. for instance, the minimum wage here is about 17$ /month.
But that annual yield rate is quite big if you ask me, makes me wonder about risk exposition when hunting passive income on casinos, it is also interesting how USDT occupies such a importance percentage of their staking pool, I would have expected BTC to have a protagonistic place, but it seems i was wrong.

If your minimum wage is $17 per months, that investing $850 to get $1 a day is something unreal. And you will get this $1 as 0.53 USDT, 1.27 TRX, 729sat, 0.0006 BNB and 0.000073 ETH. BetFury minimum withdrawal amounts for some altcoins are quite high, so it will take time before you can withdraw them. Such investment wont be a solution for low salary as you will have to wait some time before you will be able to withdraw and loose on withdrawal fees.

I do not know any nations with 17 dollars per month salary, maybe daily? That is a super low amount, I do not think that even the poorest nations would have such a thing maybe aside from Venezuela, even my nation which is doing horrible in economy, has like 250 dollars per month to 300 dollars per month minimum wage, it is still quite low of course but not 17, that is just too wild. In that regard 850 dollars investment could be found by just signature campaigns and you would be a wealthy person from the income of that alone, plus all the investments you could do.

[erep]

I do not know any nations with 17 dollars per month salary, maybe daily? That is a super low amount, I do not think that even the poorest nations would have such a thing maybe aside from Venezuela, even my nation which is doing horrible in economy, has like 250 dollars per month to 300 dollars per month minimum wage, it is still quite low of course but not 17, that is just too wild. In that regard 850 dollars investment could be found by just signature campaigns and you would be a wealthy person from the income of that alone, plus all the investments you could do.

Minimum wages are paid according to state regulations if working for factory workers, permanent employees and others, so many other jobs that earn lower wages than the minimum wage, but you are right that $17 a month salary is very low even not enough for a week when all the price of goods has increased. But we're back to discussing $17 per month from $850 capital equivalent of betfury tokens, but +1$ should not be shared in some coins because it takes time to reach the withdrawal limit.

[Hispo]

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I don't really agree that staking is very risky. Betfury has proven themself as a legit casino but there is always a risk involved. The APY that they currently propose of 53% is not bad at all in my eyes and has already been a lot higher also in the past. Do your own research and don't put all your eggs in the same basket.

It is a thing of mine when I see such relatively high APY feel there must be some risk behind it, obviously the reputation of the casino it is important so it is its future success. We can both agree that each one of us are responsible to do our own reseach and take care of out money.

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I do not know any nations with 17 dollars per month salary, maybe daily? That is a super low amount, I do not think that even the poorest nations would have such a thing maybe aside from Venezuela, even my nation which is doing horrible in economy, has like 250 dollars per month to 300 dollars per month minimum wage, it is still quite low of course but not 17, that is just too wild. In that regard 850 dollars investment could be found by just signature campaigns and you would be a wealthy person from the income of that alone, plus all the investments you could do.

Funny you mention it, because I am in fact a Venezuelan living in Venezuela.
I have seen times when our minimum wage was about 7$/month actually, some months ago it was 30$/month but got down to 17$/month because our government flooded the market with local currency in order to pay some debts to the education workers.

I recall that back in 2018-2019 fast food businesses and other companies that in normal circumstances would pay min wage to their workers actually started to pay more than min wage (and some other benefits, like free lunch in the case of fast food companies), so they could retain workers from leaving, it was getting to annoying for them to deal with new workers so frequently.

That is something that continues to happen today, a privately owned drug store franchise would pay easily 100$/month to their workers intead the legal 17$.

[Wiwo]

I do not know any nations with 17 dollars per month salary, maybe daily? That is a super low amount, I do not think that even the poorest nations would have such a thing maybe aside from Venezuela, even my nation which is doing horrible in economy, has like 250 dollars per month to 300 dollars per month minimum wage, it is still quite low of course but not 17, that is just too wild. In that regard 850 dollars investment could be found by just signature campaigns and you would be a wealthy person from the income of that alone, plus all the investments you could do.

17 dollars per month minimum wage look unrealistic to me maybe per day as you have rightly said, my country has a minimum wage of about $30 a month and this is 18 thousand naira in my local currency until recently the government increased it to $47 that is 33 thousand Nigeria naira which is still very poor considering the cost of living that has increased greatly since after covid 19. So a $17 minimum wage is quite an unthinkable amount to earn as a worker because that amount will cripple workers purchasing power and the inflation rate will skyrocket in such an economy.

[Fatunad]

I do not know any nations with 17 dollars per month salary, maybe daily? That is a super low amount, I do not think that even the poorest nations would have such a thing maybe aside from Venezuela, even my nation which is doing horrible in economy, has like 250 dollars per month to 300 dollars per month minimum wage, it is still quite low of course but not 17, that is just too wild. In that regard 850 dollars investment could be found by just signature campaigns and you would be a wealthy person from the income of that alone, plus all the investments you could do.

17 dollars per month minimum wage look unrealistic to me maybe per day as you have rightly said, my country has a minimum wage of about $30 a month and this is 18 thousand naira in my local currency until recently the government increased it to $47 that is 33 thousand Nigeria naira which is still very poor considering the cost of living that has increased greatly since after covid 19. So a $17 minimum wage is quite an unthinkable amount to earn as a worker because that amount will cripple workers purchasing power and the inflation rate will skyrocket in such an economy.

Dont know on where you do get those 17 which $47 is currently the lowest monthly salary.

Cuba. 47.33 USD.
Congo. 82.94 USD.
Tajikistan. 133.68 USD.
and so on....
https://www.paylab.com/top-salaries/rankings/top-20-countries-lowest-salary?lang=en

So just like you do said that it was really indeed impossible unless if it wasnt really that an actual permanent day job.?

[Bitinity]

I am aware of the risks involved with staking for high yield and I have no intentions to do so, just wanted to know more.
Also 53% is already risky enough imo, 300% definitely raises a red flag when comes to APY.

As far as I am aware one of the only ways to actually stake in a relatively secure way is to do it with a very established coin, like Ether instead of tokens.

I don't really agree that staking is very risky. Betfury has proven themself as a legit casino but there is always a risk involved. The APY that they currently propose of 53% is not bad at all in my eyes and has already been a lot higher also in the past. Do your own research and don't put all your eggs in the same basket.

Staking is usually using internal token where it can be earned by buying or wagering in the casino. So the risk is when we are wagering and/spending the money to earn the internal token. Once we stake our token, I dont think there is a risk anymore since there is no more chance of losing money unless we keep trying to earn more tokens. All in all, any investment is risky because we are spending money on it unless we can get the internal token for free.

[Get-Paid.com]

These are nothing like buying "William Hill" or "Ladbrokes" stocks. When you buy stocks you are buying part of the ownership of that company which is much more valuable and secured. All you're buying with these are virtual tokens that the company launched and they don't come with anywhere near the same legal protections. These are the equivalent of funding a casinos operation, so you will take all of the risk with them taking most of the profits. If you were serious about investing in a casino like this, you should stick with thorough research and buy into the stock of much bigger gambling companies - who have weathered all the storms, because right now with these casino tokens, you will be bobbing around in a dinghy in the Atlantic waiting to sink.

The William Hill stock from 2018 only went down and hasn't even fully recovered from its peak:

https://www.investing.com/equities/william-hill

BFG from 2018 has paid lots of %%%% in return in addition to the price movement:

https://coinmarketcap.com/currencies/betfury/

Not only that, the old brick & mortar gambling companies had to close lots of shops in the UK, e.g.:

https://onlinebingo.co.uk/news/119-william-hill-shops-closed

119 shops closed and more closures are on the horizon.

They are old fashioned, asking users to deposit using bank transfers, or credit cards, dealing with lots of issues because of this - whilst the Crypto gambling sites suprassing them by a lot!

We invite you to read our piece of blog here as well in regards to that:

https://gamblingfreebies.com/2020/11/11/why-use-crypto-gambling-sites-instead-of-traditional-ones/

This piece was posted 2 years ago but it's still correct as of today - their stock price is something you shouldn't invest in, unless you can clearly see a path to profit, but right now they are struggling and struggling quite a lot.