Gambling Dapp Dividends Report | SBET Coinstore Listing (+Buying More)

I am keeping close track of my Gambling Dapp Portfolio that now only includes BFG (Betfury.io) & SBET (Sportbet.one) with regular updates on how exactly they are doing showing what can be expected for those interested...

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There is rarely a dull week when it comes down to these dividend-paying gambling dapps. I already pointed toward it last week as some coins got moved indicating the coinstore listing of SBET going live and this happened. I did try it out buying my last batch of 200k SBET there which brings me at a total of 8 Million which I intend to hold onto hopefully for a long time to come.

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Sportbet.one (SBET)

So SBET is now trading on Coinstore which made me create an account and to buy 200k SBET. Here are the main takeaways from this and the listing in general...

• SBET Liquidity pool on Defis.network was removed so it's no longer possible to natively swap SBET on the EOS Blockchain.
• Coinstore doesn't have EOS listed, this makes it so that players that want to convert profit from sportbet.one into SBET can't do this without using some kind of extra exchange or step. I do assume SBET was the first EOS token and that eventually EOS also will be supported on the exchange. TRX is supported which makes for a cheap way to gets funds in there.
• The SBET-USDT pair has a market making bot running on it that is selling and buying pretty much providing 'fake volume'
• It seems possible to buy without pushing the price up even though the buy order don't have much liquidity.

The wicks that are seen on the chart is what I assume people buying or selling into the orders pushing up or down the price which instantly is followed by the bot putting in new orders at lower or higher prices again. The price of SBET so far has ranged between 0.00300$ and 0.00316$ which is only a 5% difference. The 200k SBET I bought was mostly done in batches of 10k SBET never pushing up the price but getting picked up by the trading bot.

I'm not sure if this also works this way when selling but I assume it does. So in a way it's possible now to get in or out of positions without getting crushed by price action.

• the 100M SBET that got released now also is almost fully staked which puts a big pressure on the dividends. They were sent to the sportbet1bet account which is now the 2nd largest.

There is 500M SBET yet to be released but given how long it took for the circulating supply to go from 400M to 500M it likely won't be for soon and the platform first would need to see growth. That unless devs do it sooner with an eye for them to get a bigger share of the dividends which would screw up earnings for holders. The good thing is that overall valuation isn't that high so even if that would be the case, the returns likely still would be somewhat ok.

• There is a 666 SBET fee for withdrawing which is around 2$ and quite expensive given how cheap it is to do transfers on the EOS Blockchain. That being said, creating an account, putting funds on there, buying SBET and withdrawing it to my EOS Wallet to stake it all went fine and is much more friendly to potential new investors.

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The dividends were nice despite the fact that so much more SBET got staked by the devs. I would not be surprised for things to now drop a bit going forward also with the World Cup coming to an end. The great thing however is that the project continues to move forward during this bear market and it has been a great hedge. Not only has the price been ok, each week there have been dividends that make up for a lot.

I will see if I can also make a graph with the actual market cap as this went up now with the release of the 100M extra SBET which makes the price less relevant putting some pressure on that. I also might start tracking the number of individual token holders which now is set at 1297. I also no longer count the SBET holdings in the overall value the sportbet1bet account which is used to run their betting operations. With a growing player base, this should go up

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Betfury.io (BFG)

BFG each week is getting closer to be fully printed at 97.24% now. Based on their website the mining rewards will just stop when all coins are in circulation with BFG becoming more of a utility token instead of a reward token. The big question remains how much this will cause the betting activity to drop further.

Dividends are not bad based on the current price but they do kind of suck compared to where the price used to be.

The dividend pool and the dividends went down a bit last week. I'm still waiting for a potential 0.01$ BFG price to possibly add a bit more. owning 1 Million BFG is kind of a goal but right now there are just too many risk factors for me to actively pursue that and I'm just holding onto the 550k BG coins I own.

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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)	+38.98% APY
Sportbet.one (SBET)	+58.60% APY

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 even though I'm already too heavily invested.

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Personal Gambling Dapp Portfolio

It was an ok week despite seeing SBET dividends getting diluted a lot as the amount staked increased by nearly 25%. Right now I hold 8MSBET and 550k BFG which generated a total of 316.85$ in passive dividends this last week. I do expect this to drop to 200$-250$ the coming weeks. I'm mostly 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...

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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