GambleFi Portfolio | Compounding Earnings & 16M SBET Reached!
I can't stop buying more and more SBET and re-invested some of the earnings of the last weeks to get my stack to a massive 16M SBET now. This kind of brings my bag to a point where adding more would become a too high risk factor so I will keep it there for now only buying more in case I get a big win elsewhere in crypto.
I'm the 3rd biggest holder owning 3.2% of the circulating supply (1.6% of the Fully Dilluted). The Devs still hold 72% of the supply as they mostly rely on it for their own income from the platform.
They also moved part of their fund to the market maker (coinstorehot) to provide some liquidity on the only exchange they are trading at. There is kind of a loophole where you can pretty much suck up the entire market maker supply without really pushing up the price. I'm a bit stuck between contacting the devs to notify them about it so the price goes up or waiting to possibly scoop up some more at low levels.
Sportbet.one (SBET)
It was yet another solid week with an APY just below 70% which means that without growth or a bull market and things just staying the same, it takes just over a year to earn back anything that you invest right now.
A more likely Scenario I would say is that they continue to slowly but steadily grow as crypto get a bit more adoption. The platform itself is just super easy for anyone who has some crypto to connect to and place some bets. In the 5+ years I have been using it, I also never had a real issue. Whenever there was a smaller issue like this weekend when I wanted to withdraw SOL but despite the succesfull signing the funds stayed in my account. A quick chat with the on-site support fixed the issue as they just told me to log out and in again which solved it.
Overall the numbers are just going up and soon the NFL season will start again while next year there is the World Cup which wan be seen in the chart last time as the peak in number of users came at that point.
Similar to what I wrote last week, these things still count
I expect a somewhat lower revenue week as there is an international break but it still should be quite solid once again. Also now that I'm kind of done accumulating myself, I feel more inclined to start shilling the token to others. Now that my earnings are higher, I also will have a much easier time to start re-investing some of the earnings in other coins.
Looking at my cumulative earings from SBET Dividends, they have reached over 50k with an expectation to double that over the next year hopefully.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday
| Project | APY |
|---|---|
| Sportbet.one (SBET) | +70% APY |
| Betfury.io (BFG) | +30% APY |
| Owl.Games (OWL) | +50% APY |
| Sx.Bet (SX) | +8% APY |
| WINR Protocol (WINR) | +18% APY |
| Solcasino (SCS) | +20% 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.
Personal Gambling Dapp Portfolio
Last week gave me 1065$ in Passive dividends earned for holding 16M SBET | 600k OWL | 28.5k SX | 12M WINR. 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 with some allowing anonymous betting with no KYC or personal restrictions...
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mind blowing! Why isn't GambleFi a bigger thing? Everywhere you look its either DeFi, Stablecoins and memecoin trading...
One issue I have found is that its harder to navigate than any of the aforementioned methods from my investigation. When I got involved I did it via BFG which was a seemless user experience, but the others required more studying and investigation.
I guess gambling still has a very shady reputation and there is always some regulatory risk. It is indeed often more difficult to navigate especially on the more decentralized platforms. In the end it remains one of the only sectors in crypto where there is a product with returning customers and real revenue.
It's going to be interesting to see where the space will go the coming years.
Hey @costanza . I created my own betting tips app that you can access here . Give it a go. See what you think.
Nice, I don't really see myself as a tipster though. I just keep a blog for myself as a way to stay disciplined mainly while I share the bets that I take for those who are interested. I also stopped following others a long time ago since those golden years are pretty much over. Good luck with your app, nice to see you are also active in the betting space!
No worries buddy see you around. 😀