Gambling Dapp Dividends Report | Testing Out Rollbit.com
Starting Dividend Dapp Portfolio Year 3
I continue my journey with this portfolio that only includes dividend-paying gambling dapps aiming to increase my overall passive income from them. 2021 was the start of the real accumulation properly tracking this portfolio and I continued this in 2022 which was quite a good year despite the bear market. So far, I managed to get quite good entry levels and dodged the bullet with Wink which stopped the operation of their gambling site. Right now, I'm quite overinvested in SBET but it remains the best performer and has been giving solid dividends for nearly 3 years now. I'm also still looking to add other coins to the portfolio right now having a look at rollbit.com
I am always keeping my eye out on similar-type projects that pay out losses from gamblers to token holders but it's rare for a project to check all my boxes. Recently, I came across Rollbit.com which seemed to do some kind of marketing campaign with influencers shilling but I actually like the platform and see quite some potential in it.
Right now, I'm still only at a stage where I'm just testing it out and I probably will get a little bit of RLB just for that purpose. The main thing about the site that I really like is that it has Gamified Leverage Trading which can be played similarly to how a gambling moon game is played but it gives players the sense that they can actually have an edge. I never use leverage in my regular investing but after playing around with this for some time, I can see why people get addicted and wrecked with it. I also like the fact that the RLB coin is living on the Solana chain which gave me a good reason to test it out and the registration process on rollbit is as easy as logging in with metamask, Twitch or Steam. They do have a Sportsbook, but it's similar to betfury.io and many others just software with the same offers and the same odds.
From what I understand, 20% of the site earnings are given to RLB Token holders who can enter a lottery for it on a daily basis. entering costs 0.2% which makes RLB Deflationary as part gets burned and there are also NFTs on the site which get a part of this. I still need much more time to really make up my mind about this site both to use and as a potential investment. The first impression is pretty solid though.
SBET continues to pay out good solid dividends. The price and the dividends are much less subject to the crypto market which made it great to have during the bear market but which will make it underperform during the bull market. The main purpose for me is to have a stable reliable earner with potential for growth while at the same time it's not fully safe from failing.
The number of users has come down a bit again after the world cup but it's still above where it used to be during most of 2022. The price has gone up from 0.00296$ to 0.00346$ which is +17% while the weekly dividends at the current price remained between 0.7% and 1%. More adoption certainly is needed and I'm hoping to see some of it in 2023. As for now, it is no longer an option for me to add more and I might even take some off the table if there would be a pump at some time if this isn't linked to both the earnings and the average users going up.
The Dividend pool despite the current bull run didn't really increase all that much. This year it's going to be interesting to see what will happen once all tokens are mined and this really can go both ways. The price of BFG did go up from 0.012 to 0.0146 (+22%) but not really in at a level where I have fomo to buy more.
Dividends are pretty ok at +40% APY based on the current price but it's a lot lower compared to prices BFG went when it first started trading.
I need to see something more before I'm willing to potentially add to my position.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday
|Betfury.io (BFG)||+40.25% APY|
|Sportbet.one (SBET)||+53.61% 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.
Personal Gambling Dapp Portfolio
So far this year, each week has provided over 200$ in dividends and last week saw it closer to 350$. Right now, I hold 8MSBET and 550k BFG. I am looking to potentially add some RLB to this portfolio but it's still too early to tell. I'm also 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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