Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
bakasabo
on 09/09/2022, 07:46:44 UTC
Betfury pays good dividends to BFG holders.

I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.

I just checked that to be honest 1$ a day is quite good in many situations. for instance, the minimum wage here is about 17$ /month.
But that annual yield rate is quite big if you ask me, makes me wonder about risk exposition when hunting passive income on casinos, it is also interesting how USDT occupies such a importance percentage of their staking pool, I would have expected BTC to have a protagonistic place, but it seems i was wrong.

If your minimum wage is $17 per months, that investing $850 to get $1 a day is something unreal. And you will get this $1 as 0.53 USDT, 1.27 TRX, 729sat, 0.0006 BNB and 0.000073 ETH. BetFury minimum withdrawal amounts for some altcoins are quite high, so it will take time before you can withdraw them. Such investment wont be a solution for low salary as you will have to wait some time before you will be able to withdraw and loose on withdrawal fees.

Do you know where I can find more documentation on this staking pool or what other casinos offer similar yield to their clients?
I have no intentions to stake just get informed on how they manage to keep that yield so high.

https://betfury.io/staking