What is Betfury, and why it is different.

It would be easy to confuse Betfury with a non-blockchain gambling website, but as someone that is banned from dozens of bookmakers and casinos (due to my habit of profiting) I can say they are really not at all alike. I would like to point out, right from the get go, that gambling does not pay - the systems are skewed against you to ensure that over an extended period of time, the house will always win, if you treat Betfury as a simple casino, you will lose your money and that is not our aim. We are not going to be 'gambling', our aim is to accumulate BFG tokens, because they return daily staking rewards. If you have ever had a gambling problem or have an addictive personality just look to more conventional DeFi and stay away from Betfury.

The difference, the big difference, with Betfury is that it pays staking rewards to holders of its BFG token, and offers high return staking products for a range of other tokens. You can accumulate BFG tokens for free, by playing games, or you can simply buy them on an exchange and stake them (or farm them) directly on Betfury. In this guide I will go through each one in detail. I use a mix of approaches, personally.

First steps

The very first thing to do is join Betfury, this is a simple process and can be done simply by following my link and connecting your wallet to the site, there is no KYC. While you can join by simply connecting your wallet it must be noted that if you want to use tokens to stake or to mine BFG, or you want to stake bought BFG then it must be sent to Betfury's own wallets. I have moved tokens back and forward between Betfury and my MetaMask many times without problem and with minimal fees, but we should always be aware of the inherent risks of handing our keys over to any other entity.

Getting BFG tokens

The easiest way to get BFG is to buy them on Biswap - if you buy BFG you have two options

• Send them to your Betfury wallet to stake for multi coin rewards - I will discuss the rewards later.
• Connect your wallet to the Betfury farm and use them to earn more BFG. The current APR is 140%, with compounding the APY can be significant.

A harder, but possibly free method is to mine BFG. BFG are not mined though Proof or work, stake, storage or any typical process, BFG are mined by playing Betfury games and are rewarded based on the total wagered value. Here two options emerge

• Deposit tokens you own to mine BFG with
• Only play with tokens that you have gained on Betfury for free.

Free tokens

Betfury allows its users to collect free BNB and BTC every 20 minutes by solving simple captchas - just like many faucets. You will find the free crypto by clicking on the 'Boxes' section under the main menu (I will explain the other boxes later in the article). The free crypto can then be played with to mine BFG.

Mining

As mentioned BFG are mined by playing games, the aim is therefore to keep our losses as low as possible with the same coins being wagered again and again to generate maximum BFG returns. Remember those BFG will in turn earn you coins through staking. If you are sticking to the free method you will want to try to accumulate enough tokens that the games can be left running for a while without your balance heading to zero.

When selecting a game you will want to select a game that allows automatic play, and a return with the lowest house edge. From crunching lots of numbers I have concluded that the best game to play for beginners with low balances is 'Mines' with the following settings.

Bet amount - 0.00000001
Mines - 1
Selected - 1 tile

This can be run in auto mode until the balance reaches 0

If you have larger balances, I would suggest a minimum of 0.1 then you can run systems deploying Martingdale systems. There are calculators for these online - however don't be fooled into believing you will not lose money on what seem like vanishingly small possibilities, because you will be running the process so many times that the odds are shrinking constantly.

My personal choice is to use Dice or Limbo with the following settings.

Bet amount - 0.00000001
Odds selected - x3.5
Increase on loss - 40%
Reset on win

Be VERY careful, it is really easy to get your settings wrong and then you will lose your money, be extremely careful not to accidentally bet larger amounts. Check settings before every start and make sure to recheck them if your game has stopped running for any reason.

One more thing, for the love of all things holy - DO NOT PLAY USING YOUR BFG - you do not earn BFG for winning BFG you only win BFG and when you lose them they are gone and BFG is the whole point of Betfury. My doofus of a husband lost 1000 BFG by thinking he was clever and playing with them. BFG is your earning token - I withdraw my staking rewards and use them to buy more BFG, this is like compunding on typical DeFi networks.

Staking

Once you have accumulated 10 BFG you will start earning staking rewards, these are paid out in a selection of tokens, you will currently receive five tokens.

• BTC
• ETH
• BNB
• TRX
• USDT

The return as I write this article, is approximately 80% APR based on buying BFG to stake, however it does fluctuate depending on BFG value and was significantly higher only a few days ago. BFG price is currently increasing.

The significant advantage of being paid rewards in a selection of coins is that you are effectively DCAing into the selection each day. This particular selection also represents some of the biggest coins on the market, lots of places you can accumulate free coins you aren't getting selections like this you're getting paid out in microcaps, new or low liquidity coins.

Boxes

You probably noticed, down under the free boxes, that there are boxes representing other coins. These boxes are completely different to the free boxes, but once understood are very simple. Essentially you lock a quantity of coins for either 7 or 30 days and get paid a high return. Returns of 15% in 30 days are fairly typical. As I write the current box selection I can access is BUSD, UNI, CAKE, ZIL, LINK, and CHZ. In the last week there have also been promotional Olympic boxes, including one that paid out a 100% return on ETH in just 30 days!

Once a box has been purchased the returns can be collected each day, or left to the end of the term and returned with the invested principle.

Cashback

Twice a week you can receive cashback on your losses at a percentage linked to your Betfury rank. I've been using Betfury for ages and am still the lowest rank. However, cashback is only paid on losses, so as I keep my losses extremely low, by deploying efficient mining methods, I rarely receive cashback in any case. In your early days don't forget to check here for losses, because when playing with low balances you are likely to lose some money.

Referrals

As I mentioned in my previous article, on profiting from referrals, Betfury is a potentially lucrative referral site with earnings paid to referrers both on referees free box collections and their profits from mining. Some big twitter referrers are making an absolute fortune from Betfury referrals.

Closing notes

Personally I am only comfortable promoting Betfury as a staking/farming DeFi platform rather than for actual gambling. I have made significant profits from gambling websites in the past, but never by 'gambling' in the traditional sense of the word. Gambling NEVER pays, over time you will always lose, and my experience of traditional gambling websites is that when you do win they ban you, restrict your staking, or even refuse to pay out.

I'm not aware of Betfury banning people for profiting and Betfury are very open about the house edge, but please do your own research.

I haven't been able to explore the possibility of using Betfury for sports betting, because it is not available in my country, but for those that are familiar with how to profit from sports betting (which I will not cover here) it might be worth looking at what is on offer.

I will try to update this article from time to time because I have found Betfury articles are often woefully out-of-date and inaccurate as a result. Take care out there and DO NOT GAMBLE or invest money you cannot afford to lose.