Gambling Dapp Passive Income | I Accumulated More SBET & BFG!

about 2 years ago

I am keeping close track of my Gambling Dapp Portfolio that includes BFG (Betfury.io), WIN (Wink.org), & SBET (Sportbet.one) and make regular updates on how exactly they are doing showing what can be expected for those interested...

I have really enjoyed building this portfolio of coins that bring in passive earnings and plan to continue going. My initial target when I started was to reach somewhere around 50$ a week but by now I have my target set at 500$ a week. To get there I will need to diversify adding at least 1 more similar type of coin to the SBET / BFG / WIN which are my core holdings now.

Last week saw some excellent dividends reaching close to 350$ calculated at prices from Monday before the market pumped. I still think many of these projects are quite undervalued since the dividends actually come from earnings unlike almost all other coins which get yield from inflation. I also continue cost-average buying and added 500k SBET + 40k BFG to my holdings.

Sportbet.one (SBET)

SBET remains my favorite in terms of risk-reward. The product they have (Sportbet.one) is actually quite solid aimed specifically for Sports Bettors while they have an active userbase with a lot of room to grow and a realistic Market Cap with no inflation. It is also quite hard to buy unless you really know what you are doing (See How To Buy or Sell SBET on Defis.Network (Step-by-Step Guide)

Dividends always build up during the week and are paid on Monday so you can see in advance if they will be good or not. There was a big increase last week which made me act and buy more SBET, 500k more in fact which I paid 1410$ for (0.00282$ o average)pushing up the price a bit higher as there is only around 7 Million SBET in the liquidity pool for sale. I do plan to just hold for a long time to come collecting the dividends each week.

The Dividends were excellent giving a return of +71.3% on a yearly basis calculated on the price after it pumped due to my buy.

I still have some room to get more and if the total market cap for some reason would drop below 1 Million again, I will likely buy another 500k SBET extra even though I consider my position in SBET big enough now for it to be complete with some room even to take profit in case there would be a crazy pump. I do expect dividends not to be able to hold this level the coming weeks but they still should remain solid. Too much still depends on a handful of whales that use the platform betting 100k Dollar a week (which actually isn't even that much in betting)

My Numbers so far in 2022:

Betfury.io (BFG)

BFG from Betfury.io continues to give good dividends but I am somewhat concerned about both the centralization and the inflation as more coins are mined with each bet. For those reasons I have set the maximum limit and risk I'm willing to take financially at 500k BFG which is what I reached this week buying 40k more at an average price of 0.017$ which I consider a nice range to accumulate.

The total dividend pool is a lot lower than what it used to be and it has pretty much been in a decline for a while indicating a decrease in overall activity.

This is both reflected in the price and the Dividends even though they remain great. I talked in the past about how the 100%+ yearly dividend returns just were not sustainable either expecting the price of BFG to go up or the dividends coming down. Unfortunately, it turned out in the last scenario.

Overall there is still not much to complain about looking at the overall Price vs Yearly Dividends ratio. It would be nince though to see the Dividend pool increase again and the overall trend in the chart to reverse. I personally will be just holding my 500k BFG having 80% in staking and 20% in Farming. All the dividends from here on out I will use to re-invest in other projects while also cost-averaging some more BTC.

Wink.org (WIN)

I promised last week to make a chart also showing the price of WIN compared to the yearly expected Dividends based on a weekly basis so that's what I did.

It does look quite crazy with the Pump that happened now about a year ago. The returns are also nowhere near where they are for BFG and SBET but the liquidity in WIN is huge and it is easy to buy or sell. The overall valuation remains closer the average crypto bubble levels even after the price came down a lot. It's still good enough for me to hold on to the stack I have left after selling into the pump which I glad I did. The chart also shows how beneficial WIN has been by getting in early years ago which is a scenario I hope repetes with SBET on BFG somehow.