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...
Crypto generaly seems to be in a bear cycle right now while the dividends from the Gambling Dapps are holding out quite well (for now) acting somewhat as a hedge against the market in general. The downside of them being limited in price increase during the bull runs as Dividends mostly form the price becomes an upside in times like this even though prices also go down along with the market.
Sportbet.one (SBET)
I ended up buying more SBET from Sportbet.one rounding up my holdings to 5 Million SBET which is 1.25% of the circulating supply. I used some of the earnings from playing Splinterlands to fund the purchase. The dividends were also good last week and the activity of active unique bettors remained around the highs of last week.
Stability remains quite high when looking at the last 100+ weeks of price and paid out dividends who now reach +67% returns on yearly basis based on the current price and dividends of last week.
I'm tempted to buy even more as long as the total market cap of SBET in circulation is below 1 Million even though my position is big enough already.
Betfury.io (BFG)
I'm also cost-averaging myself more into BFG from Betfury.io with a target of 500k BFG (now I'm at around 425k). It's a bit counter-intuitive right now as the chart of both the price and dividends are going down with more BFG being printed each day. Long-term, however, it costs a lot more to mine 1 BFG compared to buying it which gives a surplus to what is added to the dividends compared to the inflation pressure and it is also always getting more expensive to mine while players mostly seem to gamble to gamble and not so much gamble to mine even though it is a nice incentive.
I did buy around 14k extra BFG at an average price of 0.0184 and I plan to use more of my earnings to buy more as the price continues to go down as I believe in both BTC (which the mining price is based on) and Betfury.io as an accessible user-friendly bookie/casino that is bound to make a good profit which gets re-distributed to token holders.
Wink.org (WIN)
Wink had a surprisingly good week and is back at over +40% returns based on the current price and the dividends from last week. I wouldn't go as far as wanting to buy more but it's certainly a more comfortable hold if things continue to evolve like this.
APY Based on Current Price and Dividends from the last 7 days
| Project | APY |
|---|---|
| Betfury.io (BFG) | +73.26% APY |
| Sportbet.one (SBET) | +67.03% APY |
| Wink.org (WIN) | +43.16% 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. At my average buying price, I'm still getting around 58% APY while the returns based on the current price and the dividends of last week is around +73.26%.
Personal Gambling Dapp Portfolio
Overall things are going quite well and I managed to get over 300$ in dividends last week for folding 14M WIN / 5M SBET / 426k BFG/ 10k TRX / 56 LIVE | 2271 RAKE. I do continue to be interested in adding other 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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