GambleFi Dividends Report | First Openbetai.io Dividends!
Rebalancing My Gambling Dapp Portfolio
I have been overinvested into SBET for a while now and I want to buy more OPENBET getting a decent-sized position since I see it as worth the gamble at the current valuation gave the perfect opportunity to balance things out. So I sold in total 500k SBET (which was possible without moving the price being patient for orders to get picked up) and I also sold a total of 120k BFG putting all that and some more into OPENBET. Right now my portfolio is split in these amounts:
| Coin | Coins | Price | Value | Portfolio % |
|---|---|---|---|---|
| SBET | 7000000 | 0.002881$ | 20167$ | 53.47% |
| BFG | 480000 | 0.01832$ | 8794$ | 23.32% |
| OPENBET | 68130 | 0.08265$ | 5631$ | 14.93% |
| ROLLBIT NFT | 3 NFT | ~ | 3120$ | 8.28% |
Openbetai.io (OPENBET)
Lots of activity and development and the first Dividends got paid out in USDT directly to wallets that were holding OPENBET. These don't include the 3M coins that are locked and not yet in circulation & the 1.6 Million OPENBET that is sitting in the Liquidity Pool. I'm not quite sure when the snapshot was taken and depending on that that I got them based on a balance between 7050 OPENBET & 14310 OPENBET (Dividend Payout Transaction Details). I did receive 54.513 USDT which equals +40.13% based on the 14k holdings and the entire supply minus the liquidity pool and locked Openbet coins.
This is just from the first month where there was a total of just 15098$ revenue from 110k daily betting volume and this represents 100% of the revenue. This will drop to 50% once their 2nd on-chain casino is released. Just to put this into perspective. 20% of the profit from the Rollbit Casino every 16 hours or so represents 10k-20k dollars. So if openbetai.io manages to get some traction and a user base, the current dividend pool should be nothing compared to where it potentially could be. The 24h dividend payout in Betfury in total right now is a whopping 65k. There is no guarantee, but if they manage to get a fraction of this, the dividends will become very juicy to those who are stacking now and the price of the coin itself will go up. This is what I'm hoping for and kind of betting on while keeping in mind that it all could go to zero or never go anywhere.
No Deposit Bonus
I like the creativity of the No Deposit bonus on Openbetai as they have a Native USDO token which by default is worthless but it can be used to gamble on the site. Everyone that gets an account and I guess asks for it in the discord or on telegram can get 100 USDO, in order to convert it to real 100$, it is required to wager a total of 5000 USDO with maximum bets of 2 USDO I think. So basically you need to put in the time getting lucky in order to reach a point where 5000 USDO has been wagered. Most will lose it all before reaching there as the edge is against them and few will have the luck or patience to grind it out.
New Partnership
They did partner up with OnyxDAO airdropping 100 USDO to the top 500 $ONYX holders in the hope that some will find their way to the platform trying to roll it over the earn 100$ and staying for more or buying OPENBET.
So for now, all is quite good with OPENBET and I'm trying to accumulate some more around these prices. There is e 5% buy & Sell Tax so by default when buying you are instantly down -10% on a purchase. I kind of want to go to holding 1.1% of the supply to from there on out work my way to recover my initial investment by receiving dividends and selling 0.1% in case the price would go up. It will likely be a journey of a year+ and when lucky somewhere around half a year and I will keep track of it in these posts.
Sportbet.one (SBET)
It was another good week for SBET and I hate to reduce my position as the current price as I see good value in it. At the same time, the potential growth has been neglectable and there is no real sign of it taking off.
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
Rollbit is a double-edged sword, as the platform itself is really nice with plenty of activity and funds for the lottery. If the price of RLB goes down, more tends to get put into the lottery making NFT holders earn more of it while more is also being burned.
Prices are still falling while the total money in the lottery is holding up and it was higher compared to the past 2 weeks.
So right now I'm still happy to be a bit invested but also not too much as the actual earnings for a passive investor are less interesting.
Betfury.io (BFG)
The dividend pool went up again but I still sold some BFG to buy OPENBET where I see way more potential for growth as it's still very early there. I'm still keeping a good stack of BFG and will continue to get dividends.
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) | +39.17% APY |
| Sportbet.one (SBET) | +40.87% APY |
| Rollbit.com (RLB) | +29.94% APY |
| Openbetai.io (RLB) | +40.13% |
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. These are my personal numbers and RLB varies based on the trait of the Rollbot NFTs you own.
Personal Gambling Dapp Portfolio
In the next 3 weeks, dividends likely will be lower as I moved funds into OPENBET which only pays 1 time each month. however, in the long term I should be able to increase the weekly dividends by quite a bit. Right now, I'm holding 7M SBET | 480k BFG | 3120$ worth of Rollbot NFTs | 68130 OPENBET. I'm 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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Posted Using LeoFinance Beta
Thanks for sharing these stats with us! It's not easy to find this kind of information from an experienced user with a personal (objective) perspective!
A few months ago, I took my first investment into the GambleFi after reading one of your posts... 😃
I have picked this post on behalf of the @OurPick project which will be highlighted in the next post!
indeed, unless you do it yourself really it is really hard to find proper info. Good luck with your GambleFi investments! Once you get going with them it becomes quite addictive since the compounding effect is pretty big.
I was invested in BetFury from the early days but didn't pay attention to it for years... When you wrote about the tokens hitting the full supply, that was a triggering moment for me... :)
Compounding BFG tokens as it's the only thing that has sense as it's easier to withdraw 1 token with low fees than 5 others separately with higher fees.. :)
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I like your analysis its so useful. I wonder if you have tried xfun.bet. They have a decentralized betting exchange, it seems good. And also have a xfun wallet that can be downloaded from the play store. The token is called xfun !
I was in Betterbetting which I liked as betting software before it was taken over by The Fun Token, I waited a long time for xfun.bet and have been using/testing it since it was released. Recently though I had for the first time a bet that was not processed and the funds being gone. It's been nearly impossible to get some support to this point which kind of leaves me far less enthusiastic about the project. Also the entire setup that you need to buy FUN on an exchange or ethereum, install their xfun wallet, move it over there along with some eth, convert that to XFUN to get to a point where you are able to bet is just ridiculous. I remember with betterbetting that there was an automatic conversion to the BETR token giving it all the use case.
Also the only 'revenue' share is that part of the profit is burned and there are no realy payouts for holding so I don't really see it fit for this portfolio.
Good Luck!
Thank you so much for your reply. Normally I would install the xfun wallet and give it a try. Somehow my instinct told me to be careful off this. Your comments and research on this particular sector is highly respected !
The issue has been fixed and I never really doubted that the funds would be returned to me. I guess it's part of some growing pains for the platform. I do like what it brings in the space and will continue to use it myself as at times it has really good odds and more betting options compared to other places.
They do however need to change things and make it all much more user-friendly as the hassle right now of having to download an extra wallet and such. Today there was the 7th quarterly Token Burn with close to 20 Million FUN being burned. In that regard, things are moving forward even though it's only a small 0.18% of the total supply.