Posts

Gambling Dapp Dividends Report | The Numbers Are Holding Up!

avatar of @costanza
25
@costanza
·
·
0 views
·
3 min read

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...

In anything, my gambling dapp portfolio has shown to be an excellent hedge against the entire bear market not only keeping up in price fairly well (especially SBET) but also providing dividends that are really solid as they are keeping up. However, this doesn't take away that the risk remains extremely high as the project are run by people who can screw up or do a rug pull like what happened with FTX. In fact, I estimate the odds of something like this happening with these way higher to a top-tier exchange like FTX. It is a risk I'm personally aware up and am willing to take. The goal over time is also to take the initial investment out and more like what I did with Wink which overall I did well on before they ended up calling it quits.

So while everything has been fine paying nice dividends the past 150 weeks, it potentially remains one of those things that works until it doesn't anymore.

Sportbet.one (SBET)

Another solid week for SBET with the overall betting action on the site holding up which provided increased dividends compared to last week. The world cup starts next week which usually brings a lot of new people into gambling and I hope they can get their share of those.

Betfury.io (BFG)

Dividends also went up a bit for BFG against my expectation as it has been in a steady decline for a while. I guess the fact that they has some kind of
bonus promo going for their 3rd birthday helped to get more players gambling which increased the reward pool a bit

The increase in reward pool was not significant enough for me to consider buying more at current prices and I also need to dig a bit deeper finding out what will happen once all the coins are mined. Regardless, Betfury.io remains a site that is attractive to gamblers and they have done quite well with the liquidity and the overall marketing. It doesn't take away that it sucks that the tokenomics with the mining are designed in a way that it puts pressure on the price and the dividends which clearly shows in the chart.

APY Based on Current Price and Dividends from the last 7 days

All these numbers are based on prices of Monday

ProjectAPY
Betfury.io (BFG)+44.78% APY
Sportbet.one (SBET)+53.92% APY

Personal Gambling Dapp Portfolio

Another week that gave over 300$ in dividends and this during a big bear market which is pretty nice. I'm still holding on to my 7.4 Million SBET & 550k BFG and haven't bought anything extra in the past weeks and I also have no direct intentions to increase my exposure. 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...

Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using as they allow anonymous betting with no KYC or personal restrictions...

I'm already looking forward to another week collecting dividends hoping the current trend continues and will make another update next week.

Posted Using LeoFinance Beta