Ninjastic
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Re: 🎲BetFury.io|🥳 ​​​​€120 000 Booongo Tournament|⛵OpenSea BF NFT Giveaway
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bbc.reporter
on 27/05/2022, 04:11:09 UTC
Quote from: Coin_trader on May 25, 2022, 11:01:37 AM
Quote from: delfastTions on May 25, 2022, 09:10:04 AM
Quote from: dezoel on May 25, 2022, 08:06:33 AM
Quote from: sensimilia on May 24, 2022, 07:31:23 AM
Quote from: dwyane36 on May 10, 2022, 11:09:02 PM
Betfury has daily/weekly competitions, and they could use it to encourage users to wager more BFG tokens, although I doubt this decision would be effective. I mean, a lot of users probably will not want to take the risk of wagering on BFG tokens because there is a high probability that all BFG tokens can be lost due to house edge and, as a result, the opportunity to earn daily dividends would be lost as well.
If we look at some of the players here, how many players here they gamble with bfg tokens, if we take a look at them, we will see that there are a lot of posting multiple stories, but from there we can see that  Playing with and there was a huge loss. In the beginning I played with my tokens. I went on time but fortunately I lost very little here.
Well, gambling is a null end game anyway, so you should be aware of that fact that you will end up losing a ton of money in the long run. I know that there isn't much to discuss about the difference between BFG and any other coin/token that you gamble with. You will always end up losing money in the long run because of the house edge.

However, there are benefits of gambling with BFG and that is the difference maker for this casino. Plus, you do not have to only gamble with it, you could stake it and earn money from it as well, and you could earn it for free as well. These all combined makes sure that people prefer BFG here, and that's a good thing for investors of it.
Of course, it is worth agreeing that in the long term, gambling still leads to losses, which most players simply consider to be a kind of payment for the pleasure of playing.

But I wonder if it is possible to play with the help of BFG tokens in such a way as to remain in a breakeven state. And if staking these tokens compensates for your costs?
Or all the same, it must be huge amounts of BFG, which no one really has. Well, of course, if you exclude the BFG whales. Smiley

Well the rakeback of BFG tokens is very small and it's just a small percentage of your bets so its impossible to use it cover your loses except on games that has high probability win rate like dice games since it has a settings to increase win rate but still its very hard to recover losses by the rakeback alone.

Personally the BFG tokens I'm earning via rakeback is almost negligible if I consider the tokens I loss in the process. Farming it via staking is more profitable rather than earning it through gambling.

Rakeback are not supposed to make you cover your losses. If that was its purpose, it would be easier and less complicated for the sportsbook or gambling site to pay you to gamble in the site hehe. Tokens as incentives for using the site are a good way to distribute them, however.

Also, as a Defi protocol, I reckon it would also be good for the site to implement a locking mechanism for token holders to earn part of the site's revenue from fees collected. This appears to be the next trend for Defi where the DAO earns by deploying delta neutral strategies using the assets in their treasury and pay some of the earnings to the stakers. Umami has began doing this. I might write an investment thesis for this for the altcoin subforum.