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...
The team behind Sportbet.one seems to have started another marketing campaign to attract new users in the form of bonuses that are given out. One of them is a No-Deposit Bonus where new customers are given 28.409 EOS (~25$) which can be used to bet on the site and which potentially can be withdrawn if the requirements are met.
Easy Step-By-Step No Deposit
- Go To Sportbet.one
- Log in with Social Media Account ( Google / Facebook / Twitter)
- Click your Username and Bonus tab
- Click Accept No-Deposit Bonus
- Start Betting & Playing!
From what I understand, this bonus can be claimed by players that log in using their own Web 3.0 EOS account or those that prefer the Web 2.0 standard which allows a direct login with existing social Media accounts (Facebook / Google / Twitter)
Once you are logged into the site, just click your username on the top right, go to bonus and you should see the no-deposit offer there.
They also offer a 125% (up to 1000$) Deposit bonus for users that use the web 2.0 version of the site where a deposit needs to be made.
IMPORTANT!
The entire point of Web 3.0 is that you hold your funds in your own wallet and depositing to an address where a bookmaker has custody is not advised. This bonus offer is good for those that want to have some fun for free using convenient logins or those that genuinely are looking for a decentralized crypto bookmaker and want to try it out. There are rules in place to prevent abuse and those looking to take advantage by finding loopholes in the systems likely won't succeed.Bonus Terms & Conditions
All terms & conditions for the no-deposit bonus can be found Here, in short these are:
- Maximum Winnings from the bonus are 100$ (they need to have this in place to prevent potentially getting crushed)
- 35x Wagering Requirement. The bonus amount needs to be rolled over 35x before it can be withdrawn. This can be more depending on the game played or bet taken.
- Non-Disposable E-mail needs to be Verified
- Other Abuse Not Allowed is multiple accounts, minimal risk bets, ...
- Sportbet.one has Final Descision
What I'm personally doing:
Honestly, I'm not claiming the no-deposit bonus myself since I'm fine without it and don't want to be in a position where I'm forced to roll it over 35x given that I'm already using Sportbet.one straight from my own EOS Wallet. I'm also just betting very selectively so far having had 11 bets this season with a total stake of 0.036 BTC and a profit of +0.01425 BTC good for +39.58% ROI (See Crypto Betting Results Report). I will continue to use sportbet.one going forward while sharing the bets that I'm taking there for those who are interested to possibly follow (Past Results don't guarantee Future Results). They have been one of the better and most reliable crypto books out there (Which doesn't guarantee that this will continue to be the case but it's a nice indication)
Bonus Offer Conclusion
For Sportbet.one, this is a low-cost way to promote their platform since most players simply won't survive the x35 rollover requirement with the money that they got for free while the maximum risk for the bookie to lose on the offer is 100$. For new Genuine players that want to try out the platform or those that just want to have some fun, it's a great offer with nothing to lose really.
Weekly Dividend Report
Sportbet.one (SBET)
It's nice to see things moving forward for Sportbet.one and the SBET token. Hopefully the marketing will bring in some more potential gamblers. With their listing on Coinstore recently, the SBET token is no longer linked to the price of EOS as it's now trading against USDT. This kept the price up relatively well despite EOS going down -10% this last week. A lot of SBET coins were also moved from the sportbetcrew to the sportbet1bet account which now owns 75% of the supply. I see this as a good thing as the devs when it comes down to the dividends are equal to the SBET Token holders in what they are getting.
This is something many other coins have issues with including SPS which the devs don't rely on the get earnings as there is a separate company that gets revenue.
The Support Chat feature on the website to resovle any issues or ask questions is also great and they are also doing some social engineering sending automated messages to users that are logged in and have the site open for some time.
I like this feature as this potentially could help with user acquisition or overall user retention. The dividends were great again this week at +1.119% based on the current price of SBET.
Overall I'm more than ever optimistic on SBET and like what the devs are doing right now during this bear market. That said, the risk remains high and for all I know they could be using user funds in a way that they shouldn't. It's going to be interesting to see what happens going forward the coming week in terms of actual user acquisition and the number of players that take bets. I am tempted at current prices to continue buying more and might set 10M SBET as a final goal.
Oh Yeah, one more thing. SBET now also is offilially listed on Coinmarketcap (Link with a price and a chart.
Betfury.io (BFG)
Not much news for BFG and at this point and things continue to slowly go down. I'm still holding onto my coins and potentially would buy some more if the price goes to 0.01$ while things look good. At this point however, it doesn't make sense to buy BFG which has a 40 Million Market Cap over SBET which only has a 1.4 Million Market Cap.
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) | +39.51% APY |
| Sportbet.one (SBET) | +58.18% 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
Another pretty good week despite the bear market getting over 300$ in Dividends. Right now I hold 8M SBET and 550k BFG. 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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