This has been an interesting week. I've certainly done a lot of thinking about how I'm going about this and I'll explain as I get through this post.
First things first - Feel free to just go to their website directly but if BetFury sounds interesting to you I'd be very happy if you joined up with my referral link:
https://betfury.io/?r=6067f01e4ffcd4435b75588b
To keep it simple, I'm trying to build my BetFury account to 100,000 BFG tokens with only what I've started off with and running the various programmes I've listed at the end. No banking fiat currency just using what I'm earning online from my journeys in the world of Crypto.
The metrics (to be changed)
1 - BFG Tokens - 1799.29388 to 1803.64800 (There's been a significant shift in strategy resulting in the tokens starting to move)
2 - BTC - 0.00003798 to 0.00004384 (This has still increased but the speed is going to change)
3 - BNB - 0.00281385 to 0.000047546 (There's been a significant ooopsie here which is what has led to a change in thinking)
4 - BSW - 0 - this remains 0 in BetFury as all BSW is currently staked in BiSwap.
5 - ETH - 0.00006217 to 0.00003032 (I did get up to 0.00009023 but then promptly lost it when applying my gambling strategy also leading to my new plans).
The strategy (or how I've been doing)
- Dice (or other in-house game) with BNB and eventually BTC/ETH to mine BFG. I will attempt to keep the balances on an upward trend so cash-back will be minimal.
I got a timely reminder that at the end of the day the BetFury platform is a gambling platform and at the end of the day if you're not really careful then the house will always win.... Both BNB and ETH took a pounding thanks to some bad luck and timing - you always hit a bad run the day you accidentally enter your stop on loss wrong! In short I went from about 0.00350000 BNB to 0 0.00021000 BNB in one fell swoop due to that. I also went from about 0.00009000 ETH to 0.00002000 ETH trying the strategy I'd been using. Now the odds of both these things happening in the same hour should have been infinitesimal but they did! As a result of this I did some thinking on my process and a new strategy has come out which I'll detail below.
- Stake BFG on BetFury with the rewards replenishing the gambling balances/helping keep them on an upward trend
This has changed a little. From a mere 0.27 increase in BFG tokens last week I've gained about 4.35 BFG this week. This is the result of a new strategy I'll be using and I'll go into that below.
- Use the BiSwap exchange to buy BFG when I can with Crypto earned from any other programme I use (read faucets/cryptotab etc) as and when I can.
- Consider staking/farming or similar on BiSwap to keep adding to crypto balances with the intent of buying more BFG as and when I can.
This strategy will not change and I've basically moved from 64 BSW to 70 BSW this week from the staking on BiSwap. This has gotten more efficient now the new auto-compounding launchpool has started on BiSwap which will save on compounding fees!
So in terms of what happened this week that sums it up...... till we get to the new strategy!
Betfury struck back so I've decided on a new hope (strategy!)
Gambling - highs, lows and burning balances. In short after a disaster killing my Eth and BNB balances I had a long think on my strategy and decided to refocus a bit - what am I aiming to do is earn BFG so now I'm going to burn more of my staking rewards each day just to earn BFG. Right now the strategy is a simply minimum risk, maximum number of wagers approach. This is guaranteed to lose over time so I will use stop loss of about my staking reward for each day each time I do it. Doing this, in the last 3 days has increased my BFG earnings quite a lot so it's actually started moving.
My thinking is that if I earn the BFG now, the staking rewards will come and I can increase the wager size as I go. It should also be a process that can be almost auto pilot.
To do this I'm going to change my metrics to the following:
The New Metrics
BFG - 1803.64800000 (As before there's no point if I don't keep track of this!)
BSW (Staked) 70.09997 (as staked on BiSwap - this will bump up from time to time as I add from the various faucets to the staking pool to increase the earnings there. Eventually if I can get earnings of say around 1 BSW a day I'll probably convert a couple each week to BFG).
Wagered BTC - 0.01580164 - this is the total I've wagered (in BTC terms) since I started. This will give an idea of how much "betting" I've done over the week. It should increase over time as my stake of BFG increases, increasing my ability to wager!. Once I get to 0.1 BTC wagered and unlock level 2 rank I think things will start to move a lot faster!
I wont keep track of my other balances (I might put them up once a month or so but as I'm focusing on burning them rather than growing them they aren't going to move much each week.
Summary
So week 2 is done - the BetFury gods have struck back at me so I've changed strategy and my BFG is moving but my balances are not. Lets see how week 3 goes so till next time I hope you'll let me know your thoughts (any feedback makes this more fun!) and if you're interested in any of the other sites I've been working with links are below:
Games:
https://rollercoin.com/?r=kllr6ofl
https://betfury.io/?r=6067f01e4ffcd4435b75588b
https://splinterlands.com?ref=silver-edge
Faucets and Mining
https://cryptotabbrowser.com/20403596
https://faucetcrypto.com/ref/850168
https://ezbit.co.in/ref/43190 (I've added EZ Bitcoin back as though their wallets do empty and sometimes take a while to be refilled they have been paying).
Have fun, and gamble responsibly if you're into Betfury!
