Gambling Dapp Dividends Report | Steady Returns
I am keeping close track of my Gambling Dapp Portfolio that includes BFG (Betfury.io), WIN (Wink.org), & SBET (Sportbet.one) and make regular updates on how exactly they are doing showing what can be expected for those interested...
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:
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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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I'm looking forward to what the next week will bring and I'll make another report 7 days from now...
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Posted Using LeoFinance Beta
