GambleFi Portfolio | Combined Expected 33% APY
Not much time this week so I'm keeping this one on the short side. As for some news, it looks like for some reason I'm not receiving the WSX mining rewards on sx.bet but I asked oubout it in their discord and I'm sure that it will get cleared out as they do have a solid and trustworthy team. I assume it's has something to do with the fact that I haven't done any id verification yet. I'll probably have more info next week. I have been trying to market-make some bets with an eye to at least breaken and get some more SX on top but I will have to quit this if I'm not receiving the rewards.
I also deposited some USDC on Owl.games which seems to have triggered a Cross-User Ban still allowing me on Owl.games but preventing me from visiting Openbet where I withdrew a while back and no longer have any funds. It also seems to have triggered something where I'm unable to enter poker rooms which is my main gambling intention. I guess it's a proper mechanic put in place to avoid users to take advantage with some colateral damage from those who do not have any intention of this. I will send s mail to see if if can be resolved.
All things like this show how early and rather experimental all these platforms still are. Overall right now I'm getting a +33% combined APY on the current value of my coins that are staked to get dividends from.
Sx.Bet (SX)
I continue to be impressed by the entire platform and I do see it having a fair chance of becoming the crypto-betfair over time. However, more SX is getting staked and distributed which puts pressure on the dividends as the total generated fees are not going up to the same extent. The price of SX however went up a bit despite the poor crypto market performance. I'm still waiting for a moment were it is cheaper to get in.
SX feels similar to Rollbit NFT's nice to have a bit invested in but without crazy upside potential in the short run as an increase in volume already seems to be calculated into it while there are so many coins left to be staked which will put bug pressure on the dividends. Previous week I earned 11.81$ when 35.44M SX was staked, this week the overall reward pool was bigger but 42M SX Staked made it that I only earned 10.17$
Owl.Games (OWL)
OWL continues to be a high earner even though it needs to be put in context if each month there will be a week of delay in the new pool being put in place. The price of OWL also seems to act fully seperate from all other crypto coins and actually went up a bit.
Just based on the dividends and the raw passive earning potential I am really tempted to buy more but I first need at least the poker / cross-ban issue to be cleared out. I'm still in a zone where I'm first earning back the fees paid before actually starting to make some potential profit.
| Date | Hold | Invested | Value | Week Divs | Total | % recov | Total |
|---|---|---|---|---|---|---|---|
| 08/08/2023 | 395k | 1954$ | 1850$ | 13.76$ | 21.9$ | 1.12% | -82.1$ |
| 15/08/2023 | 400k | 2084$ | 1867$ | 20.40$ | 42.3$ | 2.03% | -171.1$ |
| 22/08/2023 | 400k | 2084$ | 1911$ | 20.80$ | 63.1$ | 3.03% | -106.3$ |
| 29/08/2023 | 400k | 2084$ | 1950$ | 0.55$ | 63.6$ | 3.05% | -66.7$ |
| 05/09/2023 | 500k | 2636$ | 2437$ | 20.30$ | 83.9$ | 3.18% | -115.1$ |
| 12/09/2023 | 500k | 2636$ | 2454$ | 26.77$ | 110.67$ | 4.20% | -71.33$ |
** the High 7% cost to go from buying to having it staked and the 5% tax to sell is fully included in the numbers.
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
There was a close to 50% correction on the RLB price and I started to convert some of my USD balance on the site to RLB since there is also a continued buy pressure which currently burns a massive 0.25% of the supply weekly with the profit they are making.
There isn't much else to do with RLB aside staking it but that based on their own numbers just gives a 0.4$ expected yearly return for 700 RLB staked which equals just 0.4%
NFT's continue to hold up in price but I do expect a decrease since the returns are getting on the lower end near 20% APY at the current prices. Based on what I paid for them it's closer to 50% for me so I can only be pleased with that investment so far.
Sportbet.one (SBET)
Yet another solid returns week for SBET which remains my biggest holding. So it remains the same story where it all looks quite healthy but with little or no signs of actual growth. The price is also disconnected from the crypto market and holding up as each week 1 or new holders seem to come in.
Betfury.io (BFG)
It looks like there was another BFG Burn this week which seem to happen monthly so at least the supply is deflationary at this point. Only 0.1% of the supply got burned though so it doesn't really move the needle. The dividends were slightly higher but that also has been the trend of going 1 step up and a couple steps down.
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) | +40.77% APY |
| Betfury.io (BFG) | +30.38% APY |
| Rollbit.com (RLB) | +20.86% APY |
| Owl.Games (OWL) | +50.12% APY |
| Sx.Bet | +17.78% 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
Earnings seem to be increasing again closer to 250$ weekly. I'm currently holding 5M SBET | 500k BFG | ~6000$ worth of Rollbot NFTs | 500k 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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