Gambling Dapp Dividends Report | Buying More & Record High Returns!
While I told myself I was done buying, the combination of the bear market with Dividends holding up making for what I consider great buying prices had me buying more. I added another 400k SBET which is the coin I already have most of last week!
I paid a total of 1417$ to add 400k to my bag of 6M SBET with the main reason for adding more is that there was a lot of whale action early on in the week already creating a situation where the expected returns for the end of the week were really high. One of the main things I look at is price vs yearly returns and for SBET last week even at an increased price after I bought, this was around 78%. There is no guarantee that the whale action will last and dividends could easily fall back quite a bit but the total valuation for SBET below 1.5 Million Dollars while it gives solid returns with upside potential is just to good for me to pass on.
The dividends measured in EOS also reached an all-time high. One of the great things about gambling dapps is that most players tend to calculate their bets in dollars which means if coins drop in value they bet more of them helping to counter downside price action.
Dividends are now near the record high in dollar value since I kept track the last 120+ weeks while the price is still less than half where it used to be. If the whale action continues and the price dips while the overall funds of SBET stay health, I might get a bit more even as I still think it's a good buy. I am already quite heavily invested though so I will be extra cautious. SBET has been a great asset so far and brought in 340$ worth of dividends last week.
While I bought more WIN at 0.0003$ recently, the price now has dipped more to 0.00025$ on monday and even 0.0002$ now. The only reason that I didn't buy more yet is because the dividends were quite disappointing most days of the week. If the reward pool fills up again and the price is still this low, I will see if I can find funds to buy some more.
Yearly return based on the dividends last week were around +23.4%
BFG dividends actually managed to hold up quite well as my general expectation right now without buying more is that they will go down gradually since more coins are mined all the time. At the current price though, I'm temped to buy some more even though I told myself I had enough.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday, I see all 3 coins as fairly cheap right now
|Betfury.io (BFG)||+66% APY|
|Sportbet.one (SBET)||+78 % APY|
|Wink.org (WIN)||+23% 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.
Personal Gambling Dapp Portfolio
My goal is set at an average of 500$ in weekly dividends which is quite crazy given the fact that 5$ weekly was my goal when I first started buying WIN. This week gave a total 480$ (monday prices) for holding 20M WIN / 6.4M SBET / 514k BFG/ 10k TRX / 76 LIVE | 2271 RAKE. I am looking the diversify more looking for 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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