Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
iv4n
on 27/10/2022, 19:20:13 UTC
Staking is only good when the value is going up or does simply had the potential on rising up on the future plus staking does really have that small APY's but there are some altcoins and platforms do really offer those


All these altcoins and platforms that offer very high APY's are not sustainable and will either lower them dramatically or just become a scam . I prefer a "lower" APY like 50 or 60% but that you know is sustainable in the long term.

APY is something that people should think of when they are investing in staking some casino token. But you can apply the same math when you only gamble, the tokens we get from wagering will give us some passive income, but depending on the choice of games and style of playing some people can wager more or less with the same amount! I am trying to point out that every time I make a post in this thread, with $100 you can wager a lot, I mean a lot like over $10k or even more, and you will get a lot more tokens than you could buy with $100.

And we can invest in staking, but some casinos don't have their tokens on market, the only way to obtain some is to play and earn them through wagering. In such cases calculating APY sounds a bit funny to me, simply the style of playing will/can contribute to earning more or fewer tokens with the same balance. And there's also an important factor called luck! With a bit of luck, wagering can be even profitable.