GambleFi Portfolio Update | Cost-Averaging Openbet
Rebalancing My Gambling Dapp Portfolio
I have continued this week to rebalance my portfolio getting more exposure to Openbet while reducing my position in SBET. This despite the fact that I actually want to buy more SBET at the current price levels. However, I see the potential short-term growth and dividends from Openbet as just a better risk/reward right now even though it is quite big of a gamble to take. The good thing also is that it's actually possible to sell quite some SBET without moving the price to much if you do it the right way. I'm hoping the price now stays where it is so I potentially can buy back what I sold in a couple of months from now.
| Coin | Coins | Price | Value | Portfolio % |
|---|---|---|---|---|
| SBET | 6400000 | 0.00283$ | 18112$ | 47.5% |
| BFG | 480000 | 0.01809$ | 8683$ | 22.7% |
| OPENBET | 142875 | 0.061$ | 8712$ | 22.8% |
| ROLLBIT NFT | 3 NFT | ~ | 2638$ | 7.00% |
Openbetai.io (OPENBET)
I have continued to buy more OPENBET while the price continues to fall as I do see this as a case where almost exclusively crypto people that hunt for new projects and an initial pump got in that either took some profit already or now are cutting their losses. These will get replaced by investors that care about the platform and are more long-term oriented with an eye to get the dividend revenue. All this while there is no guarantee that the platform will succeed or that there is not going to be anything shady going on.
From what I have personally seen, I like it and I also have been using the site a lot last week to play poker which is a feature that I really like as not many others have active players there. They share their player pool with owngames which makes it that there always is some activity even though also not that much kind of like wink back in the day at the start.
It sucks that you almost instantly lose 10% of what you invest due to the 5% Buy & Sell tax but I'm willing to take that hit knowing it's still early on and growth is quite likely. There continue to be nice developments and partnerships with more to come.
There was a partnership with another betting dapp that runs on Arbitrum which isn't much but these things really help to get more exposure. From the looks of it, the activity this month has been bigger compared to last month so dividends should be higher. Since the Liquidity pool coins don't count toward dividends and price is low, it means extra returns and it will be interesting to see how much dividends will be early next month.
I have probably gone a bit too deep already on this one as my fair valuation is easily above 1 Million, my goal was to scoop up 1% of the supply with an eye to hold on to that while receiving dividends earning back what I put into it. If possible I would buy a bit more in order to give me some room to sell in case the price would pump.
By now, I'm at above 140k OPENBET and I'm willing to do 1 more buy in case the price would drop lower. My average buy price now is 0.086$ after the buy tax so if I would sell right now I would be down -31%. Prices however move so fast that I'm not overly concerned with this even though it sucks. Based on the absolute minimum estimations assuming all but the 3M locked coins & Liquidity pool don't count toward dividends with equal site earnings compared to last month it should be well over +50% APY.In reality I can easily see it get to more than double of this based on the current token price.
Sportbet.one (SBET)
Great week again for SBET despite the fact that there are still only 160 average weekly users on the platform with little to no development or promotion right now. With the football season coming to an end in some months the activity might drop a bit during the summer. based on the numbers last week, APY is above +50% right now which I consider a good buy zone.
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
The prices of NFTs went down again this week and they are now close to the levels that I paid for mine based on the lowest estimated value. Most however are selling above this. The lotterly continues to hold up in value which means another 0.1% of the RLB tokens got burned. APY for NFTs based on the ones that I own and the minimum price they go for is +35.5% so in reality it's likely a bit less.
So right now I'm still happy to be a bit invested but also not too much as the actual earnings for a passive investor are less interesting.
Betfury.io (BFG)
While returns were high early on for BFG as there was a lot of inflation which also boosted the Dividend pool, right now things seem to have stabilized a lot and it much more resembles SBET in terms of stability and expectations. I don't dee BFG as a bad buy at the moment and if I had more funds I probably would be a buyer at the moment even though it remains to be seen how things will hold up once all coins have been mined as that will come with reduced incentive to gamble.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday
| Project | APY |
|---|---|
| Betfury.io (BFG) | +51.01% APY |
| Sportbet.one (SBET) | +40.87% APY |
| Rollbit.com (RLB) | +35.50% APY |
| Openbetai.io (RLB) | +52.13% |
Note: Token prices going up or down have a major influence on the actual returns going forward either amplifying them if they go up or destroying them when the price would dip. These are my personal numbers and RLB varies based on the trait of the Rollbot NFTs you own.
Personal Gambling Dapp Portfolio
I expected lower overall dividends as OPENBET right now only pays them once each month while I reduced my other positions. However, I received 265.04$ which is more than the 248.43$ last week. Right now, I'm holding 7M SBET | 480k BFG | 2638$ worth of Rollbot NFTs | 142875 OPENBET. I'm still looking to diversify with other good gambling dapps that pay the losses or fees from the gambler to those holding a token. Anyone that has tips on this, please leave a comment below...
Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using as they allow anonymous betting with no KYC or personal restrictions...
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Posted Using LeoFinance Beta
Those BFG tokens must be producing a decent daily div! Nice one!
Nice portfolio and returns and as a football lover I should try some of them as well. I will need to revise your flat to see witch one fits best with the sports I am watching, nevertheless this is another great passive revenue stream, thanks for sharing!
Posted Using LeoFinance Beta