Gambling Dapp Dividends Report | Confirmed Uptrend?
Things have been busy after the Football Season started again and I had to skip the update last week as I don't want to overly spam my blog with posts. This was now the 3rd week in a row with higher overall Dividend payouts Going from 204$ -> 232$ -> 255$ -> 297$ without having bought more coins which kind of confirms the uptrend. I guess the combination of the general Crypto market going up and the new football season starting which generates more volume are the key reasons for this. Overall it feels like there is still not really that big of adoption and overall user growth though but I hope at some point this comes eventually.
Sportbet.one (SBET)
Consistency continues to be the buzzword for SBET which now has been paying dividends in a stable manner ever since the initial covid dip.
Looking at both the price and the number of weekly users it however remains rather flat. The good thing is that they are able to keep up solid returns especially for everyone that loaded on on the price dips.
Wink.org (WIN)
Wink Payouts are still on the low-side right now but the last couple of days the reward pool has gotten a nice boost. I think it is 50% that is paid out so there is a lot more fluctuation in what you are actually getting.
Betfury.io (BFG)
There was a nice +14% increase in absolute dividends from BFG as the reward pool got a nice boost. The price of BFT also jumped a bit from 0.0158 to 0.0187 which keeps the overall returns quite similar.
SX.bet (SX)
I'm still mostly tracking the data for now before starting to put together some charts. Ever since the initial bet I took at the start of the season I have not really used the platform mostly because the odds just are not competitive enough compared to other places. There is quite some volume on there and the treasury funds are growing nicely as the fees go into them.
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) | +52% APY |
| Sportbet.one (SBET) | +45 % APY |
| Wink.org (WIN) | +15% APY |
| sx.bet (SX) | +17% 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
I'm back now at around 300$ a week and I hope this uptrend continues the coming weeks. I'm still holding 30M WIN / 7M SBET / 550k BFG / 10k TRX / 79 LIVE | 2271 RAKE / 1013 SX which combined is now worth around 36k Dollars. I am looking the diversify more looking for good gambling dapps that pay the losses or fees from the gambler to those holding a token, so if you have one on your radar make sure to let me know...
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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Play2Earn Games I'm Playing & Social Media Links...
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Posted Using LeoFinance Beta
I actually sold off my BFG stake at around 0.0187 just to bank some profit. Not entirely sure why BFG ran so hard recently. Is it due to them increasing the mining requirements?
never wrong to take profits, the reason it went up in price is because the reward pool went up. The reward pool went up because players are gambling more and the house always wins while all the different coins inside the dividend pool (aside from USDT) went up in value. Not sure if mining requirements in the short term have a lot of influence, they mostly reduce inflation over time I would say.
Interesting, I wonder if the reward pool went up due to the increase in crypto value of the tokens gambled or more gambling activity. Increasing the mining requirements could be a double aged sword, discouraging the small timers from trying to farm BFG and reducing gambling activity.
Does the reward pool include the sports betting as well?
One of the big questions indeed is how much of the betting action is there because of the BFG mining. I think Betfury is solid enough for there to be good action just from the gamblers. I guess once all coins are in circulation they will just use part of the revenue to buy BFG recycling it at rewards. I'm not 100% sure how that will work. Similar to most crypto projects it is mainly tokenomics aimed toward working in the short run with potential problems to solve later down the line.
"Does the reward pool include the sports betting as well?"
Good question, I assume it does but then again last time I checked betting sports doesn't earn any BFG. I'll see if I can look into it
Thanks for checking. I was looking around and everything is fairly vague. Given there are so many online crypto casinos around, there has to be a decent incentive for gamblers to stay with Betfury and I think the BFG mining is one of them.
If sports betting is included in the reward pool, then potentially, the reward payout is sustainable, if not, it is more like playing chicken and see who ends up holding a bag of BFG with no utility....