Best BetFury Gambling Strategies
Last week, I wrote a short guide to BetFury and why it is a great platform for earning free Bitcoin or just stacking satoshis as we watch the price begin to go parabolic. Today, I'm going to explain how to use the gambling features in BetFury for the most reliable gains.
Disclaimer: First of all, please don't gamble any more than you can afford to lose. You gamble at your own risk and this is not financial advice. Be smart and make your own good choices.
The 2 Aims of Gambling on BetFury
Before I get into the details, I'll safe first that there are essentially two reasons why you would want to use BetFury for earning more satoshis:
- winning more satoshis
- earning BFG coins to get divs
The first one seems the most obvious but please remember that betting is a suckers game in most respects. You've probably heard the phrase "the house always wins." Well, it's a well-known phrase for a reason. If you gamble long enough, the odds are set against you so you will more than likely lose. If you want to earn Bitcoin by gambling then you need to be patient and conservative (or else really, really lucky).
That's why it can be smart to bet not in order to win but in order to not lose. Let me explain: By betting on BetFury, you can earn their native token, called BFG coin. This pays out daily interest called dividends. Just holding it can be very profitable over time. I currently earn about 12,000 satoshis per day for doing nothing just because I gambled in the past.
Method 1 - Earning BFG Tokens
If you want the safest method of earning Bitcoin on BetFury then you should aim not to win anything by gambling but rather aim at breaking even. This is very, very easy to do, but it requires restraint and patience. It is easy to think you will get lucky and win... but that's a good way of getting rekkt.
The best game to use is called DICE.
In this game, you can set your own odds and bet whatever you want.
This means it is possible to put the win rate at 95% and just earn small amounts. I'll be referring to this game through all of these methods.
To earn BFG tokens, pick either to gamble BTC or TRX and then bet to your heart's content. I make sure to have enough BTC in my account to place a bigger bet when I lose. For example, if I lose 250 satoshis, I then bet 8,000 satoshis in order to win it back. Over time, I earn money... but the best thing is getting BFG tokens. The more you bet, the more you earn.
Predictable, Safe, Small Gains
In that previous method, I alluded to small earnings. At 95% chance of winning, your earnings are just 1.0315. It's not much. Of course, if you met 32,000 satoshis, you would be earning 1,000 satoshis back each time... It's a great income but it's kind of risky unless you have enough in the bank to cover a 32,000 loss.
As such, I like to play smaller bets. I typically vary between 250 and 2,000 satoshis per bet. This means that when I lose, I increase my bet to between 8,000 and 64,000 satoshis in order to cover the loss. The chance of losing two consecutive rolls at 95% odds is pretty slim.
If you do this, it is quite easy to earn thousands of satoshis per day and your chances of losing are minimal.
Bigger Risks, Bigger Gains
Sometimes those small earnings can take a while to add up, so you want to make bigger bets. This is risky because it requires having a lot of capital in the bank to cover potential loss. You really, really don't want to get unlucky and lose a few million satoshis.
There are various approaches then. You can bet big and just keep the money on hand to cover losses or else you can get crafty.
I like to play small bets and then, when I lose, through in a much bigger bet. For example, I will bet 250 satoshis on autobet mode. When I lose, it stops and I manually bet 32,000. This not only covers the loss but gives me a net profit of 750 satoshis for that one bet. Doing this repeatedly quickly adds up but limits your exposure to large bets, giving you a better chance of not getting rekkt.
Changing Odds
Another method is to alter the odds on winning. I would sometimes bet at 93 or 94% odds, giving me larger profits. I would do this at 500 or 1,000 satoshis, then when I lose, I push it back to 95% odds and make a bigger bet to cover the loss. This accelerates your gains but of course slightly increases the risk. However, I think it is a good method of spreading the risk about to minimise losses.
Avoiding Losses
Lastly, I just need to say: Don't chase losses. If you bet 32,000 and need to cover the loss, you would have to bet a million satoshis... If you have several million, that's not a big deal, but don't gamble everything. It is tempting to become aggressive at gambling when you suffer a loss, but make a plan and stick with it. Your natural tendency towards irrational behaviour after a loss is partly what puts the odds in the casino's favour.
Conclusion
If you want to earn Bitcoin by betting, then be careful and do so at your own risk. BetFury is a great and reliable platform that I recommend but obviously exercise caution. Never bet more than you can afford to lose and never assume that betting alone will be able to provide you with income.
Nicely written content. But, I have tried everything and every betting site, it looks as if they have designed their algorithms in such a way that you as a player in the end will never be able to withdraw. I might be wrong but that's how it's been for me.