So we all love upvote bots right? They provide a boost to your posts for essentially what is free, since you usually make your money back.
But can you use them to profit as well?
Well, there is a way of how I profit.
I make around 3-5 quality posts per week, which I use upvote bots to receive upvotes from. Since the ROI on the usually is around -5% to 10% it is good to know when and how to use them. Let's say you use 1 SBD to get an upvote from one of these upvote bots:
You will get an upvote worth around $2.66 if the ROI is 0%. But! You have to wait a week to receive the payout for the post, in which the value of the upvote can fluctuate with the price of steem. It is also worth noting that the steem value on steemit is lagging 1 day behind, which you can use to profit.
Basically if steem goes from $5 to $10 in a day, you can get an upvote from an upvote bot with no ROI and make a decent amount of profit after the week is over, because the value of the upvote will go up as the steem went up a day before.
Source: steemdollar.com
So all in all, it is a fairly decent way to make profit, but also pretty risky,because you have to keep in mind that if the price of steem goes down the value of the upvotes will go down as well. And you have to actually make quality content, if you don't want people to flag the post for having too many rewards, when it is a shitpost. Keep in mind that the bots mostly use SBD, but some accept steem aswell. The site I use is steem bot tracker, since it tracks most of the big upvote bots and it is pretty easy to use. Be careful though, because some people overbid the bots, making them less profitable.
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Disclaimer: I am not a financial adviser, just a friendly duk, and am not telling you to pour your money into anything. Take everything with a grain of salt.