GambleFi Portfolio | Taking Profit On RLB Pump!
It was a pretty good week in the GambleFi Space setting a personal new yearly high in weekly Dividends at 375.77$. This should increase more the coming months as I accumulated more OPENBET which had disappointing Dividends last month. At the same time, the risk factor remains very high so it's not unthinkable for something bad to happen to make me lose money and see the earned dividends go down. Overall I'm still quite optimistic on the GambleFi space which has some of the best sources on Real Yield.
Sportbet.one (SBET)
It was a solid week again for Sportbet as there is still 1 whale who has 10x the volume of the 2nd biggest player on the platform. This was great for the dividends but at the same time, this makes them very questionable and dependent. It also doesn't really put the dividends much higher than usual.
The funds inside of the sportbet1bet account also recovered after the hack a couple of weeks ago.
This said, looking at the long run of over 170 Weeks now, the dividends have been very stable and reliable while the price of SBET and the number of weekly users are stable both during the bull and the bear market.
Right now, I'm glad with my current bag but also that I reduced the exposure from 8M to 6M SBET and will keep it there.
Openbetai.io (OPENBET)
This is now my 8th week tracking Openbet which on a weekly basis doesn't do so much as the dividends are paid out monthly. I do however also track the price and the number of OPENBET holders which has been on a non-stop downtrend.
So the initial hype around the token which made it pump is gone but it does look like the price has stabilized, and bottomed with little to no real movement in the last 10 Days.
I did re-invest some of the Gamblind Dapp Earnings into buying more OPENBET and now hold 300k of it trying to keep myself from buying more as I want to keep the risk within a somewhat acceptable range. There hasn't been any major news or updates but I did manage to try out the 100 USDO free airdrop playing some slots for fee with a small (very small) chance to earn 100$. I already lost all of it while not even having reached 10% of the rollover requirements so you basically need crazy luck and I assume that very few players that they onboard because of the bonus reach the point where they actually get 100$. If anything I see that as a good thing and a smart cheap marketing strategy to have more crypto people connect their metamask to the site and try it out.
| Date | Hold | Total Invested | Current Value | Tot Dividends | % recovered | Total |
|---|---|---|---|---|---|---|
| 24/04/2023 | 201k | 15669$ | 9400$ | 54.5$ | 0.35% | -6215$ |
| 02/05/2023 | 201k | 15669$ | 8975$ | 54.5$ | 0.35% | -6640$ |
| 09/05/2023 | 259k | 18145$ | 9865$ | 54.5$ | 0.21% | -8280$ |
| 16/05/2023 | 273k | 18675$ | 9363$ | 530.98$ | 2.84% | -8781$ |
| 23/05/2023 | 300k | 19727$ | 10177$ | 530.98$ | 2.69% | -9019$ |
I'm still a long way off to get even as I started to by during the pump which crashed all the way down. Right now for me, it's mainly a patience game hoping the devs don't screw everyone over in some way or another and for the casino to actually make a profit so Dividends keep being paid out. So far this is the data that I have on the dividends based on what I guess was the snapshot (in the 1st month)
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
Rollbit and the RLB token had quite a big pump as a feature was added to the site where you can easily convert RLB to Dollars and back also allowing players to easily put their tokens inside a liquidity pool to earn yield from the trading fees (at the risk of impermanent loss).
I assume this was one of the things along with the increasing lottery payouts to make the price go up a lot from 0.018$ just 2 weeks ago up to 0.40$+ at some point. I did take profit on the 2k+ RLB that I had in my wallet there which I generated from my Staked NFTs at around 0.036$-0.038$. I also cashed out some $ earnings from betting activity to help me fund the extra OPENBET I bought.
It also looks like someone hit the Full 743k Lottery which made those funds fully reset. This also now makes it less attractive to play the lottery meaning less RLB will gets stakes, and less will be burned and less will be earned by NFT holders. So if anything, I would not be surprised to see the price of RLB and NFTs go down again the coming weeks.
Rollbit remains a solid casino and now has an improved site with the RLB trading available. I don't really see the prices of tokens or NFT's as cheap though or this platform as something to 'get rich of potentially' (unlike Openbet) and I just keep what I have while taking profit on my earnings there.
Betfury.io (BFG)
Betfury Dividends continue to go a bit lower again but they are still higher compared to the lows that were set 21+ weeks ago.
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) | +34.11% APY |
| Sportbet.one (SBET) | +52.78% APY |
| Rollbit.com (RLB) | +30.22% APY |
| Openbetai.io (OPENBET) | +79.73% 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
So a total of 375.77$ collected in dividend payouts last week and this during what remains a bear market is not bad. I hope this will increase toward 500$ going forward paying off the risk I took in the OPENBET investment which I right now see as the best Risk/Reward Play. I'm currently holding 6M SBET | 480k BFG | 3911$ worth of Rollbot NFTs | 300k OPENBET. 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...
Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using as they allow anonymous betting with no KYC or personal restrictions...
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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.