Gambling Dapp Dividends Report | Steady Returns
While the crypto market kept crashing, the overall dividends from this portfolio of gambling dapps continued to give steady absolute returns and slightly higher relative returns since prices of the coins behind them went down a bit. This for me offers a good opportunity to continue cost-averaging myself into them as I still have enough funds on the sideline from profit taken during the bull market.
These were my buys last week:
- 200k SBET for 424$ (~0.0021$ Average Price)
Sportbet.one (SBET)
With EOS crashing to as low as 0.8$$, it took down SBET with it even though the gamblers seem to adjust their crypto stakes up based on the dollar value. As long as I have no reason to see fundamental issues with the project, I keep adding more each time the market cap goes below 1 Million. I must say that now with 7M SBET good for 1.75% of the circulating supply, I'm getting to a zone where the risk becomes a bit too high based on my overall portfolio.
Comparing the price and dividends to EOS , things are now at an all-time high showing that these projects that actually generate revenue are a good hedge during the bad times outperforming the markets.
Wink.org (WIN)
Wink just continues to disappoint on the dividends and I don't like the entire situation with USDD which makes little sense to me. From what I understand, if TRX was to go a lot lower in price a ton of it could potentially be minted creating the death cycle. I can't imagine though that they haven't somehow got something to fundamentally prevent it with enough collateral.
Overall the trend in absolute dividends is down but so is the price of WIN which made it so that this week the low dividends still give around +20% APY. I will continue to monitor things looking to add more WIN.
Betfury.io (BFG)
The Dividend returns and price for BFG maintain very stable offering really good returns. There was a mining promotion last week which both increased the volume but also the inflation which remains one of the main dark clouds that are ever-present when you are invested.
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) | +73% APY |
| Sportbet.one (SBET) | +54 % APY |
| Wink.org (WIN) | +20% 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 goes down.
Personal Gambling Dapp Portfolio
There was somewhat of a dip last week but a nice increase to getting close to 300$ a week again which are nice to have funds to deploy during this bear market. I now hold 27M WIN / 7M SBET / 573k BFG/ 10k TRX / 79 LIVE | 2271 RAKE. I am looking the diversify more looking for good gambling dapps that pay the losses from the gambler to those holding a token, so if you have one on your radar make sure to let me know...
Full Guides to Decentralized Crypto Bookies I personally use where no KYC is required allowing anonymous betting from any location without individual limits for winning players...
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|---|---|---|---|
| Betfury.io |
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Posted Using LeoFinance Beta
I actually bought some BFG the last we had a chat and am quite happy with my investment thus far.
Based on my calcs, I managed to get them below 0.0145 (not sure how that happened) and with BFG holding up decently well with how the market has dropped, it looks like a good place to have some investment.
Nice, as long as the sites continue to generate revenue, they will outperform the more speculative coins in a bear market. They do however have limited upside during the bull runs as real adoption and increased dividends are needed to really push things up. Once you got your first batch and start raking in the passive earnings it becomes hard to resist buying more of them. I still aim to diversify more into a 4th coin but haven't found one that is anywhere close to BFG/WIN/SBET yet.
Good luck Building your portfolio
That's what I noticed about BFG as well. It holds up decent well and moves in a much tighter range compared to the wider crypto market.
It's like a dividend yielding share, the price of it can't move that much as the dividend paid out reduces the value of the share. Of course it needs to start paying a certain %, if not the price will eventually drift down as investors move their money elsewhere.