Reasons I bought 100k BFG! | Gambling Dapp Dividend Report

I closely follow,, & which all are part of my Crypto Gambling Dapp Dividend Portfolio. These posts provide info on the passive returns they provide along with the latests news on what's going on with these projects...

I have been mentioning and their BFG token this past month and I now fully completed my position in it (for now) now being diversified in this portfolio between 3 different projects which should bring more stability in the overall returns.

I did in total get 100k BGF cost-averaging my way into it during the time I was trying to get a better grip on what a fair price was for this token. It is fairly easy to buy on which is a decentralized swapper on Binance Chain. In order to stake the coins, you need an account on which allows direct logins from your Metamask, Tron Wallet, or your google account. Once you have an account, you need to go to deposit and select BFG which will give you the address to send them to in order to get them into your account. So there certainly is a centralization risk you need to be aware of as the coins don't stay in your own wallet as your own account just acts as a login for as far as I can tell. The positive side is that playing on the website is seamless and free of any transaction costs. I in total paid 2105$ for 100k BFG which based on my own estimations is a good enough price.

BFG Dividends

I will similar to and also be keeping close weekly track of the dividends of Betfury. This is what I have so far...

Things will become more clear in the coming weeks as I intend to stay at 100k BFG from here on out. Returns are excellent right now but the constant inflation of new BFG that is being mined by players that get staked putting pressure on the dividends needs to be taken into account as a future factor. The way I calculate it is that there is a max supply of 5 Billion BFG with 1.346 Billion being burned leaving 3.654 Billion as a maximum total supply.

Mining 1 BFG roughly costs 0.08$-0.10$ in expected gambling losses (the house always wins) and there is currently around 3 Million Dollars in the Dividend pool of which 3% is being distributed daily to BFG Token holders.

I am also keeping an eye on the inflation and the staked BFG each week it will put pressure on the dividends. Doing the calculations on how much BFG is mined, it looks like the site is roughly earning around 2 Million Dollars each week if I'm correct adding up to 100 Million in a year. At the current price of 0.0268$ for 1BFG and a max supply if 3.654 Billion, this puts BFG at a total market cap of around 100 Million roughly.

A lot of the action on the website comes from players who are mining BFG and I'm not the biggest fan of the model which works really well to put something on the map getting initial users at the cost of it becoming somewhat of a weight to carry years down the line. I do however like as a gambling site as they seem to be getting a lot of things right and I'm sure they will find a way to keep the party going incentivizing players to keep playing once all coins are mind.

Fair BFG Price Calculation
BFG started trading for 0.07$ when it was first put up on the liquidity pool. It went all the way up to 0.30$ and down again as low as 0.013$. Based on the platform they have built and the revenue they are making combined with the funds that are in the Dividend Pool and the total supply of BFG, I'm quite comfortable getting a stake in it as part of my Gambling Dapp Dividend portfolio at a price of 0.025$-0.030$ or less. All newly mined BGF are being locked for 6 months so once that period starts to expire around 5 months from now, it might be time to potentially take some profit. The dividends right now are great sitting at around a +100% APY (which will come down as more BFG gets staked) which provides a good opportunity to recover the investment along the way. If the prices on the crypto market go up, it means that the dollar value of the dividend pool will also go up while making it more expensive to mine BFG. This should result in also a price increase for the BFG token.

Then again, it's crypto and who knows what will happen. I'm prepared and ok for BFG to go to zero at any point in time and will see how it all plays out.

WINK Update & Dividends

Wink had the best dividend payouts of the last 15 weeks but still is lagging behind as the APY is 'only' 18.72% based on the current price and the Dividends of last week. I also haven't received an update on the customer support ticket I filed (a 2nd time) about the small funds I believe are missing after their sportsbook went offline for a while being replaced by a new one where all history of previous bets were deleted. I'm pretty much freerolling my WIN as I managed to buy really cheap while taking enough during the big pump so I'm just rolling with it now even though I probably wouldn't buy any WIN if I didn't have a stake in it yet right now.

Dividends seem to have stabilized looking at the 100-day moving average with the overall trend being up. If there ever is another crazy pump, I will likely take some more profit. (SBET) Dividends

Everything for SBET remains to be quite stable which is both good and bad as they don't really seem to be growing all too much which remains a concern. My bag is pretty much filled on SBET and I won't be adding more even though I would be a buyer right now in case I didn't have any since their total market cap right now is only 1.2 Million which feels really low based on the platform they have operational. For now, I just remain patient with an expected APY which currently sits at +33%

Personal Gambling Dapp Portfolio
The 100k BFG is now fully part of my portfolio which should bring the total earnings at least around 100$ on average of passive returns weekly. The portfolio currently has 14M WIN / 3M SBET / 100k BFG/ 10k TRX / 22 LIVE | 2271 RAKE with the combined value adding up to just below 18k Dollars at current prices. I continue to be interested in adding other good gambling dapps that pay the losses from the gambler to those holding a token that can't be mined, 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...

I'll be back next week with another update..

Posted Using LeoFinance Beta


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