Gambling Dapp Dividends Report | Cost-Averaging More OWL!
My portfolio is expanding as I added a 5th project to the list that I like enough to actually put money into. The goal remains the same to continue building and re-investing earnings that I'm getting until the portfolio reaches a value of 50k after which I only rebalance or take profit out.
Owl.Games (OWL)
So I bought an initial batch last week to test Link learning a lot from it and I for now will continue to buy until I reach 500k OWL holdings. I like many things about their casino and the way the dividends are distributed once you have your coins on the platform is quite good as it generates over time and you can claim USDT any time. I will do this weekly around the same time keeping track of all the stats. In total I bought 4 batches 266.5k OWL in 4 batches which only is a 1271$ investment so far.
I do count the price that I paid for the coins after the 5% buy tax and 2% stake so it doesn't give a warped view. The coin is listed also on MEXC but the order book is so that you can't dodge the 5% tax unless you buy or sell directly from or to someone. In that way I guess that in case there ever is an adoption wave with high demand for the token it's possible to take profit without paying the fee.
As for as the numbers go, the APY right now after counting the tax costs in the price is just above 50% but this by no means is fixed going forward. Assuming there is a total of 500M OWL supply (it's rather complicated as the started out on multiple chains and part is reserved or locked in a liquidity pool), only 13.42% of it is staked. What % of profit that is put inside the pool also is rather unclear. So overall still many things that aren't structured well enough on this project.
It's difficult to properly measure the APY right now as I added more stakes 3 times in the last 7 days but it's safe to say that right now this is above 50%
Now having 266500 OWL staked I do expect around 1.9$-2.0$ daily in USDT assuming it will go down a bit more as OWL gets staked. The first week gave a total of 8.14$ passive returns and I'll have more numbers likely next week.
Openbetai.io (OPENBET)
This project continues to flip from getting some good hope to fear to really get scammed. Message came that the profit from June was paid by the provider so I had good anticipation to at least get some kind of return even though it was never mentioned how much.
Some days later it still didn't arrive and it turns out that there was just 600$ in profit (or at least that is what they claim as there is no way to check) and that it will be combined with the payout next month while right now the casino is at -1000$ on July.
The same narrative is kept that there are enough gamblers but that they are being lucky.
So right now everything is still at a stage where it's impossible to know if everything is legit or if devs are fooling everyone.
There was a promise a while back at the start of April 4 months ago of sneak peaks of both the 2nd casino & the NFTs within the next 7 days but it also was never shown. When asking about an update on the 2nd casino they simply say that it will be coming soon.
All this was followed by another holder selling which dumped the price even more now it $0.0164 with not a single buyer in a long time.
| Date | Hold | Total Invested | Current Value | Tot Dividends | % recovered | Total |
|---|---|---|---|---|---|---|
| 24/04/2023 | 201k | 15669$ | 9400$ | 54.5$ | 0.35% | -6215$ |
| 23/05/2023 | 300k | 19727$ | 10177$ | 530.98$ | 2.69% | -9019$ |
| 27/06/2023 | 423k | 22606$ | 8078$ | 530.98$ | 2.35% | -13997$ |
| 25/07/2023 | 423k | 22606$ | 7835$ | 530.98$ | 2.35% | -14240$ |
| 01/08/2023 | 423k | 22606$ | 6743$ | 530.98$ | 2.35% | -15332$ |
So yeah, getting invested in this one has been a complete nightmare so far and the only real thing they seem to have is just running a copy of owl.games with the Opnenbetai branding where they earn some affiliate money on from the volume and earnings they bring in while investors need trust in that they actually are honest about the profit and pay it out. While I don't think it's a complete scam, I do feel right now that in the best case scenario, I will be able to recover my investment over a longer period of time. If anything it was a good lesson learned.
Sportbet.one (SBET)
SBET continues its solid way with reliable dividend payouts and I also continue to use their bookmaker. Their platform for sure is good enough to get some wider adoption even though so far it hasn't happened yet. I do hope the new football and NFL season coming will increase the volume some more even though dividends right now are still nice the way they are.
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
RLB seems to be stabilizing around 0.07$, the total lottery money around 148$ on the week was the highest in the last 10 and NFT prices seem to be going up again.
The returns though still aren't really that high but the platform for sure is alive and one of the best-running crypto casinos.
Betfury.io (BFG)
There has been a trend in BFG the last 4 weeks of more BFG being staked (+0.63% / +0.50% / +0.54% / +0.42% ) while the supply now longer grows. This combined with a Dividend pool which went from 1.5M to 1.2M makes it so that earnings dropped from around 48$ weekly to 40$ for holding 500k BFG.
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) | +28.57% APY |
| Sportbet.one (SBET) | +34.7% APY |
| Rollbit.com (RLB) | +21.64% APY |
| Openbetai.io (OPENBET) | +0% APY |
| Owl.Games (OWL) | % APY (+52.99%) |
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
I guess I screwed myself over big time by rebalancing some holings into OPENBET even though I'm still kind of hopeful that their divindend payouts will pick up again even though it might take a while. I re-invested 1271$ into Owl which should give 12$-14$ extra earnings weekly form here on out. Right now, my portfolio holds 5M SBET | 500k BFG | 4445$ worth of Rollbot NFTs | 423k OPENBET | 266.5k OWL. 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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