RE: GambleFi Portfolio | Taking Profit On RLB Pump!
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I see you post about it regularly. somehow i missed the last one.
I still didn't register that openbetai site, however i am a fan of the presales, early investments, what are mostly just speculations. (even if plenty ends in the bin, some will go big) i didnt know there are similar ones, which pays dividends, rewards in this way, i really should check them out. thanks for sharing it.
never checked these kind of gambling (sportsbetting, casino) dapps... the last similar one, what i followed in early stage, for a while was Aver on solana. since then i just regularly check the gambling projects on privacy blockchains, unfortunately nothing real, good one yet, but when the first will come out, that will be huge, I am sure. I am waiting for that, and definitely will put some money in it.
When it comes down to passive income from crypto that actually comes from real revenue, these gambling sites have been awesome and really reliable for me so far. All of them however are nearly fully centralized and you need to put your trust in the devs while the bookmaking model is very traditional and doesn't bring anything revolutionary. The main thing I look at is if I would actually use the site myself (for Sports betting / Poker and I need an edge when gambling) and if the tokenomics / overall valuation / expected returns are sound.
Thanks for the tip on Aver, I had never heard of that one (there are so many around that it's hard to keep up) but will have a look at it. From the ones that try to be decentralized that I know, none really do a dividend revenue share for as far as I know. I guess sx.bet is the most adopted one, I only used it once so far though as they rarely have the best odds and from a tokenomics point of view, the SX token feels more like a utility token to reduced fees instead of having a real yield dividend share. There is wagerr which I occasionally use. Their token is used to bet which makes it hard due to the price fluctuations and it's a hassle to get in or out while in theory it should be deflationary, the fact that they are currently too slow in updating their odds makes it exploitable with a supply that has been increasing. (that hopefully will be fixed when v5 comes out) WGR also needs to be locked to run a masternode. There is also xfun.bet which I also occesionally use who have a buy back and burn mechanic for their token. It's also quite tha hassle to use with walletconnect and such but it works.
The one that gets it right potentially can become really big but I don't see any of the current ones pulling it off anytime soon honestly. In my view, the winning formula is some kind of system with liquidity pools on betting events where the price moves organically based on what side the money comes in on. I know Augur at one point did something like it but I haven't been keeping up to date with how things are going now.
That's what I see, too, however still didn't take time to search around. I don't do sportsbetting, so probably that's why I missed. But your post gave me the idea to check out coinpoker (as gambling investment), I use it since a half year+, but never checked it out deeper, it looks really undervalued for me. I'd be interested in what you think about that.
Probably, you never heard of Aver, as it never has launched its token. It was scheduled for 2022 autumn, I don't follow it since half year+ (they raised some nice capital at the beginning, that's why i started to follow) , although there is some small traffic on their site, maybe i should check out again, maybe they will come out with that soon, as the app is live.
https://www.aver.exchange/
I tried Coinpoker earlier this month depositing 100$ and withdrawing 120$ (10$ of that was bonus) getting out with a tiny profit. I really liked the site even though I don't feel like I really had an edge 4-tabling (I did when just 2-tabling). I don't intend to get back into online poker again though so it was just some fun nostalgic time to when I used to grind tables way back. As for the CHP token, from what I understand it's mostly a utility token to get reduced rake and some more leaderboard points. In that regard, it's not a real investment for me as I have no real use for it and if I would invest it would purely be for the actual utility (kind of like crypto.com their token). I can see it pump in a bull market though but it's hard to put a number on it (with the gambling dapp dividend paying coins this is much more possible)
I guess it's one of those things when you use it yourself you easily can see it as undervalued while if you don't use it yourself it doesn't have that much of an appeal. I see WGR as potentially crazy undervalued if they manage to get v5 released and working well (even though in the long run I don't see it really succeeding). Same with Openbet which is just a crazy low valuation based on the dividends that have been paid out and the upside potential to the point where I start to doubt how legit it actually is even though it looks like it. At the current valuation and the supply that is in the liquidity pool, it makes no sense that the devs themselves aren't picking it up. I guess time will tell and the next dividend payout will give more info.
Actually, I didn't really use CHP, I am planning to grind for tourney leaderboards in June, however it wasnt the reason why i think.
I tried to compare it to other poker rooms' value based on traffic mainly. And I mainly see CHP as a share of the CoinPoker project, not like a utility token, as most of its users wont use it, only grinders. And the max supply is in circulation.
I wrote here what I've found:
https://peakd.com/hive-167922/@pokermaria/coinpoker-chp-overview-from-an-investors-point-of-view
openbet... yes, i am thinking on gamble a bit and buy it for some small amount.