BetFury is a super interesting platform. It is a gambling site that acts like a faucet and also lets you stake house coin. Sound intriguing?
The Takeaway
BetFury doesn't show external ads because it is an online gambling platform, and the house always wins. I think if you can control your gambling (or have great luck), the generous faucet, action on BTC, ETH, and the new entry BNB (not to mention TRX if that's your bag, baby) make this a complex, engaging, flexible, and profitable free site.
BetFury - What is it?
I saw BetFury ads pop up on my PTC (Pay To Click) activity over on Cointiply. I hate gambling, so I ignored them, clicked right through, with visions of Cointiply BTC payouts dancing in my head. However, I started to notice that other PublishOx writers referred to BetFury as a staking play. I love compounding interest, so I had to check it out!
BetFury is a visually nice, albeit a little busy gateway to a mountain of gambling games, mainly slots (which are not allowed in the USA where I live).
I hate gambling. I don't like trading my money for an unknown element or for an experience of unknown duration. One time for a friend's bachelor's party I had to go to Las Vegas. I practiced online blackjack for weeks until I was playing 94% "perfect" games. I took my little nugget to the blackjack table, and played 97% perfect blackjack. Not bragging, it was because the hands were so no-brainer. I was so proud. I should have been able to ride out 12 bad hands. To no one's surprise but my own, I hit 13 straight bad hands. So, no real appeal in gambling for me. To each his own tho.
If you click around you will see that you can get free BTC, you can learn about staking, promotions, lotteries, cashbacks, and a million other things. You can connect a wallet and send BTC, ETH, TRX, or BNB over there to stake or, if you are like me and want free, Free, FREE, you will pay attention to the free BTC (more on that below), staking, and, inevitably, cashback. Staking is done through the two house coins BFG(BTC) which pays out in small amounts of BTC, ETH, and a few other coins, and BFG(TRX) which pays out in TRX and a few other coins. You are Staked automatically when you "mine" 10 BFG. Mining happens by betting BTC or TRX (or the BFG coins). Cashback is a sad little consolation prize where you get a portion of your losses back. That starts at 2%.
After signing up through a referral link, I started clicking on the Free Box. This is BetFury's main lure. It is the most generous fountain I have come across, hands-down. It claims you can earn 360 Satoshi, or .0000036BTC per day. That is not practically possible. Not only because you might need to sleep sometime, but also because after clicking "withdraw" on the Free Box you enter CAPTCHA hell and that can take either a few seconds or hCAPTCHA might just dither until it falls over and you have reload and start again. Anyway, if you are reasonably alert, you can get 5 Satoshi every 20-25 minutes all day long. Compare that to other faucets that provide 1 or 2 Satoshi ever hour (.00000001 or .00000002 BTC). It is fantastic for a free drip of BTC!
I was confused by the huge array of games I could wager on. So, I clicked dice and promptly doubled my money. In fact, I was on a tear. Then I lost. And I was sad. Here I had a perfectly lovely little pile of Satoshi and I threw them away. Sad. Did I mention I hate gambling?
My Approach
You can read more about why I made a hard turn away from ambitious betting in the section below called "My Luck Turns Ugly" but the approach I am taking now is to work the faucet and set daily goals for minimum levels of BTC to firm up each day. Once I hit my daily minimum level, I can bet however wildly I want to keep increasing my BFG(BTC) stake. When I have enough BTC, I buy whatever box I qualify for. And along the way I will keep picking up traces of other cool coins. BetFury seems to be super on its game in adding coins, and I anticipate a long partnership together.
So, BetFury really is a staking play!
Current Status
I haven't walleted yet, but now that I have come to grip with brutal potential of the 'gambling odds, I am making steady progress, adding both to my BTC total (~180 Satoshi per day) and to my preferred house coin, BFG(BTC).
With my new restrained approach and staking of BFG(BT), I can keep working the BTC faucet, start to buy BTC Boxes for BTC interest, and also stake little bits of ETH and BNB. It is wins all across the board. Please check it out, and it would be great if you would use my referral link. From what I can tell, referrals earn people a return based on the BFG coins mined by the people they refer. Every bit helps, right?
My Luck Turns Ugly
This part goes into the weeds of odds and probability, so TL;DR ...you will lose, and any digital-based random number odds system can be changed in ways that it can stay "Fair" in the big sense but get much less or much more "fair" in the small sense. But, the house wins. (Lucky for us then that this house gives us money!)
I like to keep track of my performance in games that give me nice stats, and I like to compare them to expected odds. For the Mines game, the odds are pretty easy to calculate. If you go with the least risky approach, you will have 1 mine in 25 squares, so a 4% chance of losing each turn. In other words, you will lose 1 of every 25 games. You are given 1.03 odds by the house, so you need 33.3 wins to double your money. You put that together and if you keep your bet the same, you will lose. But, when you are facing odds like these, to come out ahead you need to vary your bet size. Like in Blackjack where you might split or double down, winning a larger bet can help you come out ahead. Or lose faster. I decided that the odds were very low that I would get 2 mines in a row, so I would 8x my bet after losses. That worked great and I got the 10 BFG(BTC) stake in a coupe of minutes. Then I blew up with 3 mines in a row. Back to 0 BTC. That's luck for you. Luckily for you, if you are working the faucet, you are playing with house money, so that's not a big deal.
For the Dice game, it gets more diabolical. The approach I used was one I found on the internet (so clever of me, right?). If you choose 48 as your high/low point you are given odds of 2.04, which means if you win, you double your money. As far as I can tell, tie goes to the dealer on this game, so you are very close to even odds if you create an Auto Bet that will double your bet after each loss. Assuming you have infinite coins to stake, you eventually can weather any losing streak. However, if you are cheap like me and are playing with house coin, you have limited funds and need to be careful you can absorb losing streaks. I created some algebraic formulas in Excel that would calculate the minimum bets given a particular starting stake and the size of the losing streak you want to be able to manage. I tracked how long I could run the Auto Bets setting the bets for particular losing streak lengths. At first, I was golden! I could run for 90 minutes on a 9-loss-streak setup, 120 minutes on a 12-loss-streak. After a few hours, I felt confident and started running my systems with BFG(BTC) to grow my staking claim faster and preserve BTC. I doubled my BFG(BTC) stash to 20, then almost immediately I blew up on a 12-loss-streak setup. I started over with a 13-loss-streak. Dead after 20 minutes. Two consecutive 14-loss-streaks in under 45 minutes. We are talking starting with minute quantities of coin as a starting bet when you are trying to ride out 14 straight losses. For example, starting with 4 Satoshi, your sequence of bets goes: 8, 16, 32, 64, 128, 256, 512, 1024....to 32768. It takes forever. I was thinking, man, I just have had an epic run of bad luck, strings of defeats that should happen only a few times every 10,000 bets. I am due for some good luck. And I was pissed off and irrational. So I set up for a 15 and was going to run the mother all day if that's what it took. 25 minutes later....dead. So I doubled. Dead again. So I doubled. Dead and buried. And punching myself in the face, but who cares.
Technically this is all fair. The easy wins at the beginning, the extremely unlikely run of bad luck to finish me. All totally fair. But beyond the fact that mathematicians are deeply troubled by the difficulty of computing truly random numbers, the set up of the randomness itself is open to manipulation. I imagine that (a) BetFury is heavily regulated and audited, it is certified to operate in Curacao, for example, and that (b) their random computation setup is deep and propriatary. But one thing people fail to appreciate about odds is that to compute randomness, what I'll call the "run scope" is critical. In the Dice game, if I set the run scope to fulfill the odds every 50 runs, it doesn't change the mathematic probability of hitting a 17 loss streak, but it impacts the practical chances. If the house can win 26 of those 50 runs, it only has 9 opportunities to start and complete on such a streak and all those streaks would need to begin in the first half of the run otherwise the odds would reset for the next run of 50. If the run scope is 100 billion, you are practically assured that within that run there will be some monster losing streaks. Let me be absolutely clear: I am not saying BetFury does this, at all. But different, unregulated, scammy gambling sites could easily show stats proving they are Fair in the probability sense while still being Unfair in the run scope sense.
Definitely check BetFury out, though. Even if you just stick with the super generous fountain, I can't see how you would go wrong!
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The other faucet-Plus site I really like right now is Cointiply. I wrote a guide to how I made $50 from nothing in 3 weeks on Cointiply if you are interested in learning my tips.
