If you didn't get to rack up large sums of dividends in the early stages of Magic-Dice you are being given a second chance.  Steem Bet is being launched tomorrow, giving you another go at picking up dividends in the early stages of mining!

Steem Bet

Source

The game play is just about the same as Magic Dice with the only difference being that there is no option to roll over the number you guessed.  So, all rolls are assuming you estimating the roll to be under the number your choose.  Aside from that, the team promises more transparency than Magic Dice (ie. When the site is acting up they will actually let the players know what's going on).

Dividend distribution will be based on the players accumulating and staking the sites native token called SBT.  I have to assume that stands for Steem Bet Token.  Much like other crypto gambling sites as you play, you are mining a particular amount of the platforms token with each bet.  Depending on what tier the mining program is in the player is awarded with tokens per 1 steem or SBD bet and the rewards per bet decrease as the allotted tokens are accumulated by the players.  From what I read on the site the token reward per bet will be halved every time 2% of the total tokens have been distributed.

From what I have read on the intro posts from @steem-bet it looks like they are giving away a total of 50% ownership in their platform through the tokens.  So, that means that 50% of the profits made will be distributed to SBT holders.  

Passive Income is King!

For me, this is another passive income opportunity.  As I written in the past, seeking passive income streams is among my favorite hobby.  I spend time each day searching for new ones.  Each one I have is an indefinite money stream and this is no different.

I've mentioned in the past that if you are looking to accumulate dividend tokens with games like these the best way to go about it is the have a specific plan.  Plan what method you will use when playing, the amount you will play with per bet and, most importantly the amount you are willing to lose before you stop each day, week, ever.

Calculate your expected dividend in Steem for the time-frame you choose and make sure that what you are getting is at least what you are willing to spend.  It's that easy!

After the game goes live tomorrow and you have a chance to check it out let me know what you think.  

Link: Steem-Bet