Gambling Dapp Dividends Report (BFG-WIN-SBET)
It's been a while since the last update and I did buy some more SBET a couple of weeks ago when the market cap went back below 1 Million. I also made an article explaining how exactly to buy SBET as it required a very specific setup. (See How To Buy or Sell SBET on Defis.Network (Step-by-Step Guide). This is how the Dividends of each of the projects managed to hold up in the past weeks...
Betfury.io (BFG)
The price of BFG right now (0.0186$) went below my average buy price (0.0221$) and the overall trend has been down.
The total Dividend pool is going down instead of up which mainly comes down to the fact that crypto has been in a bear cycle with reduced prices of BTC/ETH/BNB/TRX which are part of the pool.
The total amount of BFG mined and staked also continues to go up week-by-week on average by +1.46%. The price of mining keeps going up (in BTC) so in theory this should slow down unless a lot more players come in which theoretically also brings a higher dividend pool.
Overall BFG is a bit of a double-edged sword. I still see Betfury.io as one of the most user-friendly crypto gambling sites and the yearly APY based on the current price is still rock solid. The inflation which puts pressure on the dividends is pretty big though which puts a cap on how much it all can go up. It puts me on the fence to buy more even though I probably will cost-average some more in the coming week if the price stays below 0.02$ with the current dividend pool holding up.
The Dividends from BFG remain a big part of my weekly passive earnings.
Sportbet.one (SBET)
I still like SBET and Sportbet.one as it is one of the few crypto projects that feel undervalued based on the product they have in place and the volume they are doing even though they have failed for a long time to really show any growth.
The price is now around 0.0028$ does feel like a bottom range as it represents just a 1 Million Market Cap and it's hard to see it go drastically lower unless the project fundamentally is at a point where it failed. Not much needed is to push the price up or down as my buy of around ~800k SBET paying an average of 0.0021$ pushed the price up by 21%. There is just very little liquidity in the pool making it hard to buy or sell. 70%+ of the coins in circulation are held by the team and most others by investors like me who just see it as a long-term thing with no intentions to sell at current prices.
The average number of weekly users reached an all-time high of 168 mainly because they had a Superbowl Promo paying back 50% of losses up to 500$ as free bets. With the NFL being over, I do expect the number to drop again in the week to come as there has been no real signs that onboarding is working that well for them. I guess it somewhat goes hand-in-hand with the popularity of EOS.
Stability has been the trend for a long time for SBET with overall solid and reliable Dividends but not much actual growth. I guess time will tell if the past years were ar crazy good accumulation zone or if the project never really managed to pick up the needed growth.
I'm personally quite happy with the risk/reward of SBET and am patiently waiting for things to unfold. If there ever is a spike in price I might take out some of my initial investment but for now, I'm still looking to add some more on price dips aiming to hold 5M SBET which I'm very close to reaching.
Wink.org (WIN)
I remain pretty cold around Wink as the dividends are at best average compared to SBET and BFG but since I have my initial investment taken out already it's easy to just hold on to it and ears some each week even though I would not buy it right now also because there is only a fraction of the WIN tokens staked to get dividends.
The 100-day moving average Dividends in dollars are still in a long-term uptrend which at least is nice to see.
WIN remains in a zone where I'm just holding while collecting some Dividends each week.
APY Based on Current Price and Dividends from the last 7 days
| Project | APY |
|---|---|
| Betfury.io (BFG) | +79.61% APY |
| Sportbet.one (SBET) | +48.88% APY |
| Wink.org (WIN) | +19.24% 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 goes down.
Personal Gambling Dapp Portfolio
Both the value of the portfolio (24509$) and the weekly dividends 243.09$ are holding up pretty well. I'm currently holding 14M WIN / 4,81M SBET / 412k BFG/ 10k TRX / 56 LIVE | 2271 RAKE. I do continue to be interested in adding other good gambling dapps that pay the losses from the gambler to those holding a token, 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...
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| Betfury.io |
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