Forum Posts

BetFury Guide
Aug 18, 2022
In Ask questions or give advice!
I still think gambling with BFG is very risky but now that mining has become more difficult at $16 a BFG token, and there is a BFG inhouse battle taking place I have been using this strategy. The strategy is fairly safe with the stop loss in place but the main issue is that you can't walk away even while using auto bet. The idea is that the bets will be done fast with a rapid increase in wager and hopefully the stop on profit will be triggered before the stop on loss. This would mean ending on a large winning bet and then resetting the wager low manually. Quite a lot of effort required but has generally been working good. Of course with a long streak of losses in a row you will lose a lot, so not recommended to do this for long. Another variation is below: This method should allow a longer running time before stops are triggered. Very volatile and can win big but also lose big as 3 big losses in a row will stifle your confidence.
Grow BFG Dice Strategy content media
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BetFury Guide
Aug 17, 2022
In Ask questions or give advice!
On the staking page, you can see the current profit pools for each coin type. USDT generally has the largest value in USD as seen in the picture, but these will fluctuate based on what the majority of players are gambling/mining with at the time and also the win/loss rate. For instance, if a player wins a jackpot you will see the profit pool will drop a lot in one day, if a player loses a lot on a bet, then it will increase. From these profit pools Betfury then allocates 3% of each token pool to the BFG token holders daily as dividends. There is a 5,000,000,000 BFG token supply cap with 3,182,369,936 already in circulation. Of this 63% in circulation almost all are being staked at time of writing this. The remaining tokens are either yet to be mined or are part of the 1,574,648,181 (33%) that have already been burned. This leaves 4% remaining for mining and is why a vote recently succeeded which incrased the cost of mining. The more BFG tokens that are mined and staked, the more the dividend pool needs to be shared. This is called dilution, but Betfury tries to offset it by burning tokens at times. Remember the dividend is 3% of each pool denominated in that particular coin, therefore the USD value of dividends can fluctuate a lot. You could have a shrinking dividend pool from less gamblers but an increase in the token value in USD, this would then maintain a constant dividend value. Ultimately we want to have a growing dividend pool from an influx in the amount of players and at the same time crypto incresing in value.
How Dividends Are Calculated [UPDATED] content media
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BetFury Guide
Jul 02, 2021
In Ask questions or give advice!
Despite the farming vote not being completed yet, a Launchpool is now available on Biswap. It allows you to stake BSW token, which is the Biswap token and earn BFG currently at a rate of 85% APY. BSW token has been pretty volatile lately, but maybe this pool will help support its price in the future. This will then be a good method to passively earn BFG, without traditional mining or outright buying tokens. Further enhancements could include the ability to stake BFG and earn BFG, either on Biswap or Betfury site.
BFG Launchpool on Biswap content media
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BetFury Guide
Jul 01, 2021
In Ask questions or give advice!
Finally BFG is on an exchange and can be purchased. They have decided to use Biswap exchange, which is a clone of PancakeSwap/Uniswap. BFG is a Binance Smart Chain token, which is good because transaction fees are low and transactions are fast. You will need a BSC compatible wallet such as Metamask, Trust Wallet or Binance Chain Wallet. Price seems to be pretty volatile but fluctuating around $0.02 per token. You can see a video here by Crypto Sam explaining why he believes the fair price is about $0.02 per token currently. Price was generally following the crypto market but now seems to be appreciating after the announcement of the BFG farming vote. You can provide liquidity on Biswap, but the BFG token has to be paired with the Biswap token (BSW). This means if the BSW token loses value and BFG token gains value, you will suffer impermanent loss resulting in the liquidity token having more BSW and less BFG. The high APY of 180% also is paid out in BSW tokens, which in the past few days is down 30%... I'm not saying you can't make BFG tokens in this way, but know the risks. They may be planning to use the BFG tokens in the farming vote to provide yield farming rewards in BFG to this liquidity pool. This would be much better in my opinion, but the exact plans are not really explained in the vote. It will be interesting to see how the price will change in the future as its still being supported by the new Progressive Lock system that limits all newly minted BFG from being taken off the site. These systems, despite being restrictive allow greater control of the token price which should help holders peace of mind.
BFG Token Listed on Exchange content media
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BetFury Guide
Apr 04, 2021
In Ask questions or give advice!
The staking page shows projected dividends for the day/month/quarter for 100k BFG. This figure is pretty accurate for the current time as its updated in real time for the size of the dividend pools. The problem is 100k is a bit of an arbitrary number and it also doesn't display value in USD. For these reasons I thought I would just list the current dividend payout for 50k BFG as of 4/4/21. This will also give an idea to new players about what the payouts are like at smaller levels of BFG. These are the figures I used in the calculations: Monthly Dividends for 50K BFG Tokens BTC = $65.97 ETH = $32.48 BNB = $33.51 TRX = $40.80 BTT = $12.19 USDT = $8.08 _____________________ Total Monthly 50k = $193.03 Total Daily 50k = $6.43 Total Monthly 10k = $38.60 Total Daily 10k = $1.29 _____________________ Of course these numbers are subject to large changes but you can see how the recent price increase in TRX has improved the dividend share a lot. The TRX dividend pool is now over $900k, so even though BTC dividends have been dropping, its helping to balance it out. Ill post an update at some stage to compare total monthly dividends over time and see which tokens have the largest payout.
Current Dividends in USD content media
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BetFury Guide
Mar 21, 2021
In Ask questions or give advice!
Which token is best to mine with? I think mining with TRC20 USDT transferred in from Tron network is best. Super cheap transfer (possibly free if you have energy). Remember, mining isn't about making money, you will lose it, so it makes sense to mine with a currency you don't mind losing. In other words a currency that you don't think will go up in value. The crypto bull market wont last for ever, but for now USDT seems like the best choice. Separate topic, but I think it would be good if BetFury pegged the mining rate to USD for stability. It seems like everyone was mining/gambling and then BTC price went crazy high and now it scared off a lot of players, especially new ones. The profit pools have shrunk, or stabilized and need help to grow again. I understand they have to peg the rate to one currency and you cant always predict what its going to do, but mining difficulty will naturally go up over time so why would they make the mining rate go up super fast by pegging it to such a volatile currency. I understand this would be a big change and would need to be done as not to make players angry, but maybe they will work towards this now that the two BFG tokens have been merged.
The Best Token To Mine With content media
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BetFury Guide
Mar 20, 2021
In Ask questions or give advice!
Now BFG(BTC) and BFG(TRX) have been merged into one token BFG. Seems like there are mixed opinions about it. Personally I had my payouts of BTC, ETH, BNB reduced as expected, as I had mostly BFG(BTC). I find this ok because I had already collected some dividends from these tokens when the profit pool was double the size and the price had just increased a lot. Now I want to diversify by holding some USDT and the payouts for that have increased. Also, at this time TRX is up about 13% in 24 hours and BTT is up 72% in 24 hours while BTC is only up 1.8% it seems like better price performance happening in Tron tokens these days. I don't think there would be anyway to merge the tokens to keep everyone happy, but ultimately merging is long term the best idea, and this was voted for by about 92% of people. I think the only people that would be upset are the people that were super bullish TRX and BTT from a long time ago and had accumulated a lot of BFG(TRX). Those people see a larger upside in Tron tokens from this point forward compared to BTC/ETH/BNB and also like the cheap transfer costs on Tron network. If your plan was to get 1000 BFG(TRX) and then transfer out 0.1 TRX per day then you will be disappointed but I'm afraid Betfury isn't trying to cater to those people. If you spend moderate amounts of money in the game and like the diversity of receiving all tokens, as well as helping to encourage new players to join then I think you will be happy with the change. I think one of the best methods for mining now is transferring in USDT using the Tron network for cheap transfers, and then mining with USDT. You now will get BFG and get all token dividends while burning USD. If everyone does this the profit pool will grow on USDT as it already seems to be doing. BFG(TRX) holders will complain their dividends are being taken now that they have to share, but you have to remember that the profit pool only grew because of the merging. Please let me know your opinions.
BFG Merging Complete content media
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BetFury Guide
Mar 13, 2021
In Ask questions or give advice!
A few new changes with USDT. Now you can transfer in Tether (USDT) from Ethereum (ERC-20) or Tron (TRC-20) networks. Just make sure you copy the right address for the network you are using as they are different. Now there is a drop down menu to select the network you want to use as seen below. The mining/dividend payouts has also changed. Now mining with USDT will accumulate BFG(BTC) tokens and BFG(BTC) tokens are paying out a higher rate of USDT. This may be temporary however as it hasn't been fully reflected in the monthly estimates. The advantages here are that you can buy USDT on Tron network and transfer it in for cheap, and when you mine with it you now receive BFG(BTC) which most people probably think are more useful at the moment. I guess this is all pretty trivial though as the merging of the two tokens should take place fairly soon and then only BFG(BTC) will exist. This move seems a bit irrelevant but eventually ETH gas prices should come down (with ETH 2.0) and by allowing Ethereum users that maybe don't know what Tron is to transfer in USDT will allow for a wider customer base for BetFury in the long term.
USDT ERC-20 on BetFury content media
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BetFury Guide
Mar 05, 2021
In Ask questions or give advice!
Today there was an announcement for voting on the merging of BFG(TRX) and BFG(BTC) tokens. Firstly the tokenomics of the two tokens was getting pretty complicated as can be seen in my other post BFG(BTC) vs BFG(TRX). By merging the two tokens it will simplify the distribution of dividends and help with overall transparency. The way they are planning to do it does seem pretty fair. They are valuing BFG(BTC) and BFG(TRX) based off the USD daily dividends and then merging them at this ratio. BFG(TRX) holders should be happy as they now will get a larger share of the BTC, ETH and BNB dividend pools. It could be said that BFG(BTC) holders will have to give up some of their future BTC,ETH, BNB dividends to the BFG(TRX) holders. I am in two minds about this. On the one hand I do like TRX and I believe there will be growth in that token in the future. I also like the stability that USDT provides. I also believe that the BFG(TRX) holders were the first customers and have potentially invested more into the game, and therefore deserve to be looked after by Betfury. Imagine you spent a lot of money to get BFG(BTC) tokens over the years and then a new token more popular than BTC is released, It would be nice to be let in on the party. We also don't know what the future performance of BTC, ETH and BNB will be, maybe the gains of the past year wont continue. In summary, I like the diversity that a joint token provides by sharing all tokens equally. If any new tokens are added in the future, integration will also be easier. They are also giving a bonus of 2% to BFG(BTC) holders and 10% to BFG(TRX) holders. This bonus is taken from the developers share and all BFG(TRX) tokens not converted to BFG(BTC) are burned. By burning the tokens the total amount of tokens that can be created is reduced forever, which in theory should increase the value of the token if it is ever tradable on an exchange. These things help to keep everyone happy and not feeling short changed. I personally hold more BFG(BTC) tokens so of course I would prefer a 10% bonus, but will probably vote YES for the merging.
BFG Token Merger content media
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BetFury Guide
Feb 26, 2021
In Ask questions or give advice!
This post will be pretty nerdy and confusing, so not for everyone. Ill try to keep it as clear as possible. I posted in early January 2021, when the mining rate was 8000 sats, which equated to $2.77 USD and the same USD value of Ethereum. Now the mining rate is 8199 sats which equates to $3.82. The 199 sats increase is only equal to 0.10cents so most of this increase has come from the increase in the price of Bitcoin. Therefore, in this time the mining rate has gotten more expensive in USD terms. So does this mean its not worth mining any more? It's not quite that simple. It's pretty obvious that during the time period mentioned above, the BTC dividend payouts have been decreasing as the BTC profit pool has decreased. This is why I wrote the post What's happening with the dividends? So many things are changing at once that you can get the wrong picture if you only look at one item. Yes the BTC dividends have decreased, but the ETH and now BNB profit pools are now providing non-btc dividends. The price of these tokens have also gone up in USD terms recently. So you can say the price to mine tokens has gone up, but the tokens have also gone up in USD terms. You still will have had an advantage of a lower mining price from starting earlier, but anyone starting later will have the advantage of increased USD dividend value that would offset the mining price increase to a point. If the price continues to go up then they benefit even more. The problem is there is a lot of lag in the cycles. The way I see the cycle is as follows: Lower token price => Cheaper mining => Increase in the profit pool => More dividends => Higher token price => Less mining => Decrease in the profit pool => Decreased dividends The cycle of token price directly influences the profit pool and in turn the dividend payouts, but with great lag. We cant time the cycles so a certain amount of faith is required that the token price will decrease/increase at some point and therefore replenish profit pools, or allow the withdrawing of profits to USD. Betfury has also made an attempt at smoothing this effect by adding ETH and BNB which will not eliminate these cycles but hopefully smoothen them out by allowing other mining options or to encourage new players into the system. I suppose my conclusion is that since we cant time the cycles, mine anytime provided you are long term bullish on token appreciation and Betfury as a company. If Bitcoin increases rapidly in price, don't deposit more USD to tokens, just take a break from mining if you run out until it corrects. You can cash out dividends into USD while price is high. If price corrects lower, resume buying tokens and mining. Personally I don't want to convert tokens to USD. I also bought Bitcoin a while ago in a lump sum, therefore trying to time this cycle is not as important to me.
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BetFury Guide
Feb 26, 2021
In Ask questions or give advice!
BNB got added to Betfury and provides another currency for mining BFG(BTC). BNB mining rate is pegged to the 8199 sats BTC just like Ethereum is but with an extra 20% accrual rate for now. My understanding is that this token uses the Binance Smart Chain network which is a different network than Ethereum and Bitcoin therefore you may not be able to use the same wallet you use to store those tokens. Metamask has the option to change network and you can find out how to change to BSC here: https://docs.binance.org/smart-chain/wallet/metamask.html If anyone wants to correct me or has an opinion please do, but overall I think this is a good step for Betfury because the price of Bitcoin was getting very high and the gas fees on Ethereum were getting ridiculous. If a token is newer and less adopted, it could have a larger potential upside in price in the future. If it also has cheaper transfer fees, then I'm all for it. The thing I'm still not sure about though, if people are bullish on a token, are they more likely to gamble it or HODL it? The way I see it, all the mining rates are pegged to Bitcoin so it doesn't matter which one you use as they will be the same. The only difference would be that you may want to save the token that you think will appreciate the most, and gamble the one that may go down in value in the short term. Of course there is no way of knowing this, and is therefore a gamble. You may also want to gamble the one with the most promotions, which in this case is BNB with the extra 20% BFG, the wheel, and the competitions. Either way, at this stage the BNB profit pool is increasing fast and will provide more diversified dividends for BFG(BTC) holders in the future.
BNB Added to BetFury content media
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BetFury Guide
Feb 14, 2021
In Ask questions or give advice!
At first the betting calculator can be a little tricky to understand. After clicking the link make sure to expand the window larger so you can see the app without all the code in the way. Link below: https://jsfiddle.net/umdq7c04/ First enter your bankroll. This is the maximum amount of money you want to wager. It may not be your entire bankroll as you might not be willing to bet the whole lot. Then put in bet amount and chance. Chance percentage doesn't actually matter in the long term. If you had unlimited money and could do unlimited bets then whatever chance you set, the payout is balanced to payout at a corresponding rate. Therefore there is no one chance percentage that is the best. The variables you can adjust is 'raise on loss' and 'bet amount' as this determines how many losses you can support. You want to be able to sustain the most amount of losses which depends on your 'bet amount' and 'raise on loss' relative to your 'bankroll'. The minimum recommended raise on loss is the minimum raise required to recoup all losses on the next bet if its a win. If you select a higher chance to win such as 95%, the min raise will be 3200%. In the example above you can see 49% is 100% raise on loss and raise on loss decreases with less chance to win. Chance only influences your minimum recommended 'raise on loss'. I like 49%, although I agree in a world with unlimited money it doesn't matter, most of us are limited by money so if you do decide to do a few more bets after your set bankroll limit, you wont have massive increases in 'raise on loss' nor will you have a super low chance of winning off the next bet (hopefully that makes sense). Also, you can set a bet amount of 1 sat and raise on loss of 100% and you may be able to support 100 losses but remember the goal is to mine and most of your bets are going to be at one sat which will take too long to mine anything. I will leave you with my favorite strategy so far. This offers a good risk/reward ratio for a moderate bankroll. Set stop loss to 5000 Sats and you will have 10 losses to work with. You will get to 10 losses at some stage even though the chance is 0.097%. After the stop loss triggers, you can then do a few extra rolls in manual mode. Disclaimer: You will eventually get caught out and probably bet something you don't want to by opening it up to human control. Sometimes its best just to throw away a loss and start again. Note that 142% is above the 104% to recoup losses. This allows you to make money which is good for when you have to cut losses. Hopefully you get back to breakeven.
How To Use The Betting Calculator content media
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BetFury Guide
Feb 13, 2021
In Ask questions or give advice!
It has been pretty obvious that since about Dec 28 2020, BTC dividend payouts have been decreasing. This has caused a bit of concern for people so I want to give some reasons why I think this has been happening. Around Christmas the dividend pool was about 100 BTC and ETH had not been released yet. It slowly decreased to the current level of about 50 BTC. It shows that less people are gambling with BTC now compared to before Christmas. This is to be expected because before Christmas BTC had a lower price in USD terms, therefore mining and gambling was less expensive. Now that mining is more expensive it may have caused people to not want to spend their BTC as liberally. There were also a lot of Christmas promotions around that time encouraging people to spend more and also more 'Stimmys' floating around. ETH then got released with its own promotions, which probably encouraged some miners to switch to ETH. This meant that the BTC pool had to decrease because dividends were being paid out without enough gambling revenue coming in to sustain a constant level. People were still mining and gambling, but chances are they were using ETH. Because this pool had only just been created, barely any dividends were being paid out in ETH. The ETH profit pool has to grow to a certain level before the dividends will be reasonable after a 3% distribution. Below you can see the trend of BTC dividends decreasing but ETH dividends increasing. The ETH profit pool now has grown larger than the TRX pool in USD value, and it seems to have stabilized around 400 ETH. The overall dividends paid out should start to stabilize. Because the prices of ETH and BTC have been gaining so much lately the actual USD dividend value hasn't reduced that much. Its very unlikely to get a nice stable increase in dividends the whole time considering how many variables influence them, as well as how volatile the assets that we are dealing with are. Hopefully the price rise in Crypto has been a result of more people adopting it and in the long term will result in more BetFury users, and therefore a continuation in the growing of the profit pools.
What's happening with the dividends? content media
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BetFury Guide
Jan 19, 2021
In Ask questions or give advice!
Even though on the home page I recommended not gambling with BFG tokens, I found a strategy that wont create any serious losses if set up correctly. I used the betting calculator linked on the home page and set bankroll to 100 as that would be my stop loss. With this setup its possible to sustain 11 losses in a row without betting more than 100 tokens. This is slightly aggressive as you can see 104% raise is all that's required to cover previous losses. If you want to sustain 12 losses you can reduce it to 120%. The problem is you are always going to eventually get 11/12 losses in a row, but with the stop loss set at 100 at least it will stop the auto bet. When 11 losses in a row occurs, you then have a decision to make. Either switch to manual and do one more, or cut the losses and go back to building again. Remember the goal here is to build tokens in the most safe way possible so you are hoping you will be able to build enough tokens before 11/12 losses in a row occur. The problem with doing 'one more' roll, is that it sets the stage for doing 2 more and then three more... Eventually you will get caught out doing this and you will find yourself betting 5000 tokens or worse. The setup in the auto bet looks like this: You should find that you can safely leave it going on auto and just check it every half an hour to see if it stopped.
Dice Strategy For Gaining BFG Tokens content media
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BetFury Guide
Jan 18, 2021
In Ask questions or give advice!
For most of you it may be pretty obvious that if you mine with TRX tokens, your dividend rewards relative to investment will not be as good as BTC. I wanted to just use some math to show this though. For this example lets imagine we are deciding to either get 100k BFG(BTC) tokens or 100k(TRX) tokens: ______________________________________________________________________ 8000 sats mining rate = $3 USD per token and 100k BFG(BTC) =$16 per day payout 50 trx mining rate = $1.4 USD per token and 100k BFG(TRX) =$1 per day payout ______________________________________________________________________ So it's twice as expensive to mine BFG(BTC) because $3 per token vs $1.40. To make the comparison similar, lets compare 200k BFG(TRX) to 100k BFG(BTC) because it will cost the same amount to mine 200k BFG(TRX) as it will 100k BFG(BTC). ______________________________________________________________________ 8000 sats mining rate = $3 USD per token and 100k BFG(BTC) = $16 per day payout 100 trx mining rate = $3 per 2 tokens and 200k = $2 per day payout ^ Two tokens not one ______________________________________________________________________ So for the same capital you can get 2x as many tokens with TRX but the payout per day is still 1/8 or 13% of that of bitcoin at current prices. If bitcoin price drops by 85% payout will be $2.4 per day still more than the payout for TRX if its price remains the same. If bitcoins price halves to a $8 daily income and TRX price goes up 400% they will both be about $8 daily income. If TRX price increases by 800% then income will be the same as BTC. Only mine TRX if you are super bullish TRX and don't think the same price performance will be seen in bitcoin in the future.
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BetFury Guide
Jan 10, 2021
In Ask questions or give advice!
This is a dice strategy I saw recently. It will increase your bankroll in the short term as payout will be more than loss, the only limitation is how many losses you can sustain in a row. For this reason it is recommended to start with a very small number and only do this for short bursts and take your winnings. Eventually you will lose everything long term. To help keep to this you could set a stop on profit or set a max number of bets. It does make sense to stop on a win so stop on profit is probably better. This is not recommended for long term mining without monitoring. Chance to win is low at 30%, but the payout is high. So start with a very small bet amount because it increases quite quickly. Remember this strategy isn't very efficient for mining, its mainly to try to regain losses and will slowly build bankroll in short term.
Make Money Dice Strategy content media
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BetFury Guide
Jan 06, 2021
In Ask questions or give advice!
Ethereum just got added to BetFury and the staking page has been updated with the graphic below: It looks like the mining rates are unchanged in BTC price and remain at 8000 Sats. If you mine with ETH you will receive BFG(BTC) tokens. The mining rate is now stated in ETH which is a bit confusing, but the peg to 8000 sats per BFG(BTC) is still intact. Because the peg is to BTC but the mining rate is displayed in ETH, if the price of ETH/BTC changes then the ETH mining rate will actually change slightly. These screenshots were taken about 5 mins apart and you can see the ETH mining rate has changed slightly to maintain the 8000 Sats BTC peg. I confirmed this because 8000 Sats at the time was $2.77 USD and $2.77 of ETH was being displayed as the mining rate. This means if the price of BTC and ETH diverge by a lot there will become a more efficient token to use for mining. For instance if ETH becomes cheaper than $2.77 USD per token to mine and BTC becomes more than $2.77 per token to mine, then obviously it will be cheaper to use ETH at that time. IT looks like the ETH dividend payout ratio remains 90% to BFG(BTC) and 10% to BFG(TRX) holders. This can be seen by comparing the total ETH payout for each token. BFG(BTC) gets 90%. Overall the main changes are if you are mining BFG(BTC) you now have another token option available. You will also receive a large share of the ETH profit pool. In the short term, we may see a drop off in BTC pool and therefore dividends, as people switch to ETH. In the long term though the ETH pool will build and more people will join so it should start to increase again.
Ethereum added to BetFury content media
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BetFury Guide
Jan 03, 2021
In Ask questions or give advice!
If you set 'increase on loss' to 3100% you are increasing the wager by 31x. This strategy will allow you to recoup any losses by winning the next bet. The catch is that if you have 3 losses in a row, the original wager will be increased 30,000x or 3,000,000%. For this reason it is recommended you start with 1 Sat wager and be aware that after 3 losses in a row the wager will increase to 30,000 Sats. For this reason you probably want to put a stop on loss at 0.00030000 or less so things don't get crazy.
Return Loss Dice Strategy content media
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BetFury Guide
Dec 30, 2020
In Ask questions or give advice!
The dice strategy I mentioned on the home page is pretty simple and safe. What other strategies have people found?
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