Gambling Dapp Dividends Report | Taking Some Profit on SBET!
Things are quite stable right now with expected APY somewhere between +25% and +45% for a all the projects based on the dividends last week and the price that the assets are trading at.
Sportbet.one (SBET)
I while I still love SBET and would be buying at the current price if I didn't have any, I have also been overinvested in it for quite a while now and with a bit of a dip in the dividends it was time to take some profit as I indicated 2 weeks ago (Link). It was also a test to see if it's actually possible to sell without moving the price down a lot similar to how it's possible to buy without movig the price up a lot using small orders.
It turns out it is possible and I managed to sell 500k SBET (6.25% of my stack) at an average price between 0.00370$-0.0378$ with multiple 32103 SBET order which is a similar amount that the trading bot is putting up to buy and sell.
After me, someone came in selling some in 1 go which pretty much dumps the price instantly since the bots don't provide enough liquidity all at once.
The dividends were on the lower end the last few weeks and while there is a continued use of the platform, it also kind of feels impossible for there to be actual growth. It remains one of my favorite crypto bookies to actually take some bets on though but at the same time the odds of everything staying where it is now feel higher compared to the number of users and the returns actually going up significantly. This is one of the main reasons why I'm rebalancing my exposure a bit as SBET has done excellent during the enture bear market but it unlikely to outfrom everything else during the upcoming bull market. This said, it remains a solid source of weekly passive earnings.
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
I'm getting more date on Rollbit.com and the 2 Rollbots + 1 Sportsbot that I bought a while back. Where I paid a total of 2614$ for the 3 NFTs, right now at the minimum suggested value are worth 4523$. This while all NFTs that are trading on the market go well above that.
There have been quite some sales and some really expensive ones on the NFT market which increases the returns for Rollbot holders
These are the numbers that I so far collected since I got into the platform
So the current EPY expectation last week based on the current minimum prices is +33.56% and it will be interesting to see how this evolves over time. There is not that much liquidity in the RLB token which makes for some massive swings. For me anywhere close to 0.02$, I consider it as a potential buy and when it goes to 0.05$ it's a clear take profit based on how things currently are going.
I also have been using their bookmaker recently for some smaller fun crypto bets which has been going quite well as they offer many Prop bets for Belgian Football matches and Formula 1 Bets which aren't available on my main Betting Broker Sportmarket Pro.
So overall still thumbs up for Rollbit and I'm glad that I got in at the time as I did as right now it all has become way more expensive and less attractive as an investor.
Betfury.io (BFG)
There was some nice hopium for Betfury as the Dividends pool got a boost from their lows of 1.24M back above 2 Million which pulled me in to buy some more but things have come down below 2 Million again which is decreasing the dividends.
If the price dips back below 0.015$, I might consider buying some more as I see it as a platform that will likely survive over time and the inflation problem is no longer putting much pressure on the price.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday
| Project | APY |
|---|---|
| Betfury.io (BFG) | +39.76% APY |
| Sportbet.one (SBET) | +30.16% APY |
| Rollbit.com (RLB) | +33.56% APY |
Note: Token prices going up or down have a major influence on the actual returns going forward either amplifying them if they go up or destroying them when the price would dip. These are my personal numbers and RLB varies based on the trait of the Rollbot NFTs you own.
Personal Gambling Dapp Portfolio
I received 322.36$ and 249.18$ in Dividends the past 2 weeks for holding 7.5M SBET | 600k BFG | 4409$ worth of Rollbot NFTs. 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