GambleFi Portfolio | Long-Term SX Position Accumulated
I've sold some more OPENBET (at a big loss) using those funds to fill my long-term position on SX last week. The Reward Pool on Owl also got depleted and it took about a week for the devs to replenish it again. I also completely removed OPENBET until there is a point where there is an actual dividend payout which I fear never will come again. If there ever is a pump (& dump), I will likely sell at least half of the stack I have left since devs have shown that they can't be trusted.
Sx.Bet (SX)
I'm growing to like SX more and more and do see the potential for it to be a decentralized Betfair. They are still rolling out the entire revenue share system and I am getting the numbers as we go. There are still way too many variables to put an exact number on it but it will give a clear picture in a chart that I will grow over the week. I did get myself to reach 25k SX which is around 2500$ of it and I will have this as my long-term position with no intention to sell. If the numbers look good, I might add some more though. I also plan to make a guide on how to stake and how to bet on the platform probably next week.
Right now only 3% of the total supply is staked and I see this as one of the major dangers for this project as in a way, earnings even though they come from fees are somewhat hidden inflation since there is SX Mining going on and a lot of the supply still has to unlock. Initially, the revenue share was 25% of fees and it has been switched by now to 100% I belief. (20% will go to validator). I also added some stake during the week but overall got 6.50$. Right now after 1 day in the new week I managed to get 2.5$ worth of returns so it should be around 17$-20$ on a weekly basis. This might decrease as more people start staking increase in case the overall volume on the platform increases.
It's hard to get the exact numbers on the weekly volume as the data once it gets to a new week no longer is visible so I likely will take a fixed point in time to track the numbers.
Owl.Games (OWL)
I don't like the team of OwlDao as there is some heavy censorship going on in their social media. Last week, the divideds also stopped generating as the pool had depleted while the new one took about a week to be added which is losing investors a big % of returns. It's things like this along with poor communication which holds me back to buy more and I will keep it at what I currently have.
So this was basically a lost week for Owl Dividends
| 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$ |
| 22/08/2023 | 400k | 2084$ | 1911$ | 66.7$ | 3.20% | -106.3$ |
| 29/08/2023 | 400k | 2084$ | 1950$ | 67.3$ | 3.23% | -66.7$ |
I will continue to track things going forward.
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
Rollbit continues to do well as a platform with the biggest hourly burn happening this week. I did lock my Sportbot again even though the earnings are on the low side. for the 435$ I paid for it, I'm getting really high returns still though.
I did take my free 20$ bet on Alonso group winner @ 2.50 in the race which turned out in a winner. For the record though, I'm still just counting the expected value of around 10$ from the bet.
Values of NFTs right now reached a new peak and I'm hoping all the hyper around Rollbit helps to simply bring new players who stick around.
Sportbet.one (SBET)
SBET remains highly reliable while having a very hard time to actually grow.
Betfury.io (BFG)
Betfury introduced its VIP room wich brings a new wave of benefits and rewards to players. Personally, I'm not that interested as I'm not gambling on the site but I hope it spikes more overall volume as that has been going down slowly but steadily. For the first time, dividends now on the week were below 40$
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) | +39.00% APY |
| Betfury.io (BFG) | +29.02% APY |
| Rollbit.com (RLB) | +19.92% APY |
| Owl.Games (OWL) | +1.32% APY |
Sx.Bet +13.79%
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
The fact that there was only a 0.55$ earning from Owl, the overall dividends were below 200$ last week. It should pick up next week with holdings of 5M SBET | 500k BFG | ~6000$ worth of Rollbot NFTs | 400k OWL | 25k SX . 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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