GambleFi Portfolio | Rollbit Exploson!

costanza (69)in #crypto • last year

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

Some good and bad news this week as Rollbit totally exploded after they updated their tokenomics and moved their token from Solana to ETH. On the otherhand, it is starting to look more and more that openbet has no real intentions to pay out revenue share or build a 2nd casino. I also lost a lot of confindence in Owldao as messages in their discord get and I even got banned there for asking a question.

Owl.Games (OWL)

So I like the basis of Owl as the casino software their provide is actually good and it also includes poker which I enjoy playing as the competition is very soft. The way they are paying out divindes is also one of the better around as USDT is constantly generated and can be claimed at any time with currently 50% APY (after all costs of locking / buying with 5% tax.

The big red flag however is that any kind of questioning the project on Discord has your message deleted and gets you banned which is just a complete joke and makes it impossible for me to get more into this coin. So I got myself to just 400k Owl which after everything that gets taken to have it staked cost me 2084$ and it's properly generating around 20$+ a week at the moment.

The thing that got me banned on their discord is me asking about a delisting message I was getting on MEXC. First that question was deleted and when asking again plus why the question was deleted I just got kicked from their discord.

So yeah, it's impossible now to take this project seriously and will keep my investment low.

Date	Hold	Total Invested	Current Value	Tot Dividends	% recovered	Total
08/08/2023	395k	1954$	1850$	21.9$	1.12%	-82.1$
15/08/2023	400k	2084$	1867$	45.9$	2.20%	-171.1$

I will have more numbers and start forming a chart like the other projects along the way.

Rollbit.com (RLB) & Rollbot/Sportsbot NFTs

Lots of excitement/hype around Rollbit this week as they moved to ETH which brings in much bigger money and they changed their tokenomics in that they simply will buy and burn RLB with part of the profit instead of having the burn go trough the lottery which has become free for RLB holders

This saw a big increase of tokens burned from 0.027% of the supply last week to 0.238% this week. Part of the tokens that are bought back go to the rollbot holders and the dividends doubled also because there have been more trading volume in the NFTs. I do expect things to settle down but Rollbit remains one of the more credible projects in the space with some crazy revenue from Casino / Sportsbook / Leverage Trading Platform.

From today onwards, revenue from Casino (10%), Sportsbook (20%) and 1000x Futures (30%) will be used to buy and burn RLB on a daily basis.

Added revenue dashboard

Revenue & RLB Lottery pool is updated hourly

Staked Rollbots are locked for 30 days

10% of bought RLB is distributed hourly to staked Rollbots

Burns will be automated on-chain in the near future

RLB Lottery is now free to play (no RLB fee!)

So I'm glad that I'm invested in some of the NFT's of this project but at the same time never saw the crazy RLB price explosion coming. I do expect it to continue doing well and give good returns based on the price that I paid.

Sportbet.one (SBET)

Another reliable week for SBET with ok Dividends but nothing special further and no real signs of actual growth.

Betfury.io (BFG)

Similar for BFG, things have been steady and reliable without anything more.

Openbetai.io (OPENBET)

As for OPENBET, right now I'm at around a 75% chance that it's actually a scam as the Dividend payout of last month was supposed to be yesterday but there has been no word about it. The token also continues to dump and there is no reason to believe at this point that there actually will be a 2nd casino. I'm not sure what to do with the big bag of OPENBET that I'm holding as the price is already down so much and there is still a decent chance that it will just be a clone casino of Owldao that is marketed as the arbitrum casino.

Date	Hold	Total Invested	Current Value	Tot Dividends	% recovered	Total
24/04/2023	201k	15669$	9400$	54.5$	0.35%	-6215$
23/05/2023	300k	19727$	10177$	530.98$	2.69%	-9019$
27/06/2023	423k	22606$	8078$	530.98$	2.35%	-13997$
25/07/2023	423k	22606$	7835$	530.98$	2.35%	-14240$
01/08/2023	423k	22606$	6743$	530.98$	2.35%	-15332$
08/08/2023	420k	22550$	6312$	530.98$	2.35%	-15707$
15/08/2023	420k	22550$	5985$	530.98$	2.35%	-16565$

If there is no update by next week, I will probably take some losses and write this one off completely in the hope that I'm wrong.

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)	+31.96% APY
Sportbet.one (SBET)	+36.09% APY
Rollbit.com (RLB)	+47.11% APY
Owl.Games (OWL)	+50.33% APY
Openbetai.io (OPENBET)	+0% 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. These are my personal numbers and RLB varies based on the trait of the Rollbot NFTs you own.

Personal Gambling Dapp Portfolio
I will likely be licking my wounds for some time on the way too big gamble that I took on Openbet which also made me realise that this gamblefi sector is the wild west inside of the wild west which crypto already is. I did however reach back above 200$ dividends on the week. Right now, my portfolio holds 5M SBET | 500k BFG | ~5010$ worth of Rollbot NFTs | 420k OPENBET | 400k OWL. I'm 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...