Gambling Dapp Dividends Report | Good Returns & Buying More SBET
The Gambling Dapps continue to hold up quite well during this bear market providing nice cash flow to cover some real-life expenses while at the same time giving some room to cost-average more tokens to further grow the earnings. I did buy 3x 100k SBET extra last week as the drice dipped while dividends were solid. Since not much is needed to push the price up or down I paid 244$ - 255$ - 268$ for each of the batches not wantig to drive the price up more despite having the intention to buy 200k extra bringing my total to 8 Million.
Sportbet.one (SBET)
From the looks of it, the listing of SBET on the centralized exchange coinstore is being worked on as the announced 100 Million extra SBET were released into 2 new accounts (sportbetsbet 90M SBET & coinstorehot 10M SBET). The good thing is that things continue to move forward while the token dilution which likely will drive down the returns and maybe put some pressure on the price is the downside.
The dividends last week turned out to be really solid sitting at a 1.32% on a weekly basis at the price after I pushed it up a bit with my latest buys. The number of weekly active users dipped from 314 to 270 which was still the 2nd best that I ever recorded.
I do expect things to slow down a bit in the coming weeks with fewer matches in the world cup while the bear market continues its ways. Overall these past 150+ weeks relative stability in price with low liquidity and options to enter or exit with solid stable returns that easily can be traded to take profit or to reinvest has been the story. This doesn't mean that it will always be this way but it gives me good hope going forward.
Betfury.io (BFG)
Betfury seems to have stabilized with rather low inflation as coins are getting closer to being fully distributed. The big question remains what will happen once this is done.
I'm tempted to buy some more but at the same time, I don't really have the free funds to do so in a significant way. I'm still kind of hunting for the 0.01$ price or to see a significant spike in the dividend pool before getting in.
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) | +41.47% APY |
| Sportbet.one (SBET) | +68.6% 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
I did increase my holdings a bit again adding 300k more SBET which got me ta 7.8M, this along with the 550k SBET resulted in roughly 350$ of Dividends over the week. I'm mostly 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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