Gambling Dapp Dividends Report | Testing Rollbit.com (RLB)

about 1 year ago

I am keeping close track of my Gambling Dapp Portfolio that now only includes BFG (Betfury.io), SBET (Sportbet.one), & RLB (Rollbit.com) with regular updates on how exactly they are doing showing what can be expected for those interested...

Rollbit.com (RLB)

I did receive 1000 RLB in my account after making an initial small deposit I guess as a promotion or so (not sure if everyone gets it) which allowed me to test the lottery better understanding the entire platform which where I'm at right now. This got me to actually buy an initial bit of RLB using some of the GLX profit from the Splinterlands SPS airdrop which I daily turned into Hive getting a good opportunity to take some profit there on the pump. I just bought 9143k RBL paying 234$ for it to experiment more. It will help me run the numbers and I might get in some more on it and maybe get a Rollbot NFT

The things that impresses me the most about Rollbit.com is the fact that it gets me to want to gamble while I'm by no means a gambler. I also kind of like the tokenomics and how the lottery works. There is a 0.2% fee to enter which allows those that enter to get 20% of the site revenue that day while those that hold RBL see 50% of those fees burned each day which makes the token deflationary. You can enter teams which I believe means that if someone else in the team wins you get part of that profit and the other way around in order to give the smaller guys also a chance. Having a rollbot NFT can increase your chance in the lottery and also gives daily passive RLB earnings based on the fees paid by those entering the lottery. Aside from that there are also other benefits. I havn't found proper numbers yet on what the actual expected returns are so I might have to get them from myself.

So the 1st 5 Lotteries I entered were each done with 1000 RLB paying 10 RLB fees in total which got me 0.94$ in bonus money. This can be put in a separate bonus money wallet and it's possible to unlock that into your real wallet with a 5x rollover which means you should be able to get 0.865$ on the dollar for this bonus money to expect. The first time I entered with 10000 RLB I only got 0.13$ bonus which means that one was a t a loss as it costs 0.54$ (20 RBL) to enter the Lottery.

I'll see how it goes the coming week to properly be able to calculate the expectation seeing if it's actually worth pursuing. The way I see it right now is that the rollbit platform might be worth it in case you really go in on it with bigger capital also getting rollbots which increase your odds.

Sportbet.one (SBET)

It was another rather disappointing dividends week for SBET at +0.462% returns. The great thing about Sportbet is that for sport betting it's actually better compared to betfury & rollbit as they have their own odds and much more often occasions where there are actually bets that are worth taking. The site and platform itself is however far less compelling to real gamblers and some kind of reward program that gives incentives is lacking. Also the fact that it runs on EOS doesn't help. That said, the overall market cap valuation is far lower compared to the others and there is for sure a lot of potential for more onboarding.

Betfury.io (BFG)

Betfury remains quite stable and reliable. I do however see Rollbit as an improved version of betfury in terms of getting players to gamble (especially with the leverage trading that is enabled)

The general price increase of the crypto market also somewhat translated to the prices of these coins while dividends and adoption hasn't increased that much meaning the returns have come down.

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)	+38.82% APY
Sportbet.one (SBET)	+24.02% APY
Rollbit.com (RLB)	Soon

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

So I added 10k RLB to the portfolio which I will implement into the earnings the coming weeks. I again got just shy of 200$ worth of Dividends last week for holding 8M SBET and 550k BFG. I'm also 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...