So I have been closely keeping track in 2021 of my Gambling Dapp Portfolio that includes BFG (Betfury.io), WIN (), & SBET (Sportbet.one). This is a Final Roundup for 2021
Making the weekly reports helped me quite a bit to stay informed of what is going on making what turned out to be some good actions cost-averaging my way into them while getting to a point where I'm receiving Dividends that certainly add up on a weekly basis.
Betfury.io
I started to get into BFG as the 3rd coin in my Gambling Dapp Portfolio 28 weeks ago as always first a little bit just to test it out and track the performance to later on get a lot more as I can't contain myself. I did so at many different times and a price of BFG ranging from 0.0158$ to as high as 0.0362 using often earnings I made playing Splinterlands. Including some BFG from Farming Rewards, I accumulated 404675 BFG paying an average price of 0.0222$. Right now BFG is trading at 0.0238$. My main concern since the start has been BFG inflation since players are constantly mining them but the numbers actually add up since it always gets harder and the price to buy BFG is way below what it actually costs in expected losses from mining it. I also like the Betfury.io website and see it as the most user-friendly gambling dapp experience out there right now. I also at times used their Sportsbook and will continue to use it going forward.
The dividends I managed to get in the last 28 weeks while growing my holdings are from Staking & Farming:
- 0.00652260 BTC (306$)
- 0.06702545 ETH (249$)
- 1.27018741 BNB (657$)
- 3476.55 TRX (265$)
- 555.53 USDT (555$)
- 28518 BFG (679$)
This makes it that the total cost of 8989$ after 28 weeks turned into a total value of 12342$ (+3353$ Profit or +37.3%) which is pretty ok knowing the market and all the coins are currently in a dip.
Full Numbers of my BFG Accumulation & Dividends
2022 BFG Prediction: I like what the team has done in 2021 and I expect good things in 2022 from them also moving things forward getting further adoption with more overall volume. I do expect the dividends in percentage to go down some more and settle at around 40% a year. This is mostly because I still expect BFG to become a bit more expensive despite the daily inflation. BFG is still a comfortable buy and hold for me and if there is ever a time things go wild on the valuation, I will be looking to potentially take some profit.
Sportbet.one
When it comes down to the overall valuation, Sportbet.one continues to stand out for me offering a great risk-reward ratio. There surely are a lot of things that are far from optimal with this project. To start, it runs on EOS which isn't exactly the most Popular Blockchain (users can easily log in with their social media accounts which partly solves this). They have not really managed to get any real adoption with an average amount of users that range between 80 and 168 each week while the dividends very much rely on a couple of whales bringing the action. The Sportbet.one site as a bookie is pretty good though and I'm occasionally using it myself and the market cap is just low based on the product they have. Right now it is sitting around 1.1 Million with 40% of coins in circulation (no sign of more being released) and all of those being staked to get dividends which still gives returns of around +36% on average yearly. They also have over 160k in funds on their account that processes the betting action.
This is my 2nd full year collecting dividends from SBET and the payouts always have been processed correctly without any issues. I started the year at 500k SBET and cost-averaged my way up to 4 Million which is 1% of the circulating supply. This for sure is a gamble but I'm willing to make it since the potential upside is just too big in case they do succeed to get more adoption. The devs also continue to work and introduced a full affiliate site last year (sbetpartners.com) and it looks like they will also add some kind of cashback / Bonus in the near future.
The dividends I managed to get this year from having my SBET Staked in 2021
- 574 EOS (1762$)
- 3543 SBET (10$)
- 0.02132 BTC (1002$)
- 154.42 USDT (154$)
- 0.5694 LTC (85$)
- 0.0156 ETH (58$)
That is a total of 3071$ collected in Dividends at current prices.
(LTC and ETH are currencies that were introduced in the 2d half of the year)
Full Numbers of the SBET Dividends
2022 SBET Prediction: It would be a bit naive to think SBET will have a breakout year in 2022 and I would say it is as likely as SBET completely going down. This for me remains an asymmetric bet where the potential upside is far greater than what can be lost with a most likely scenario where they just continue to exist obtaining 1 user at a time paying nice dividends that allow recovering the initial investment along the way in case it never goes anywhere. I'm itching to buy more at current prices, but my position honestly is large enough already and I'm happy with what I own just keeping it for the long run. If I didn't own it already, I certainly would take a gamble on it.
was both the biggest winner and the biggest loser of the year. There was this massive pump & dump early in the year and I managed to get all my initial investment out and even more while taking profit just a bit too early and a bit to late (nobody catches the exact top). So it was a nice accumulation phase in 2020 (I accumulated 25 Million WIN) to capitalize on it in 2021 leaving a healthy bag (14 Million WIN) on which the results turned out quite a disappointment.
WIN is not a coin I would get into right now even though I see it being far from dead. The risk/reward is just not favorable for me while the dividends are just too low in general. I still keep it in my portfolio and I also on occasion still use their Sportsbook. I managed to earn a total of 1698 TRX in dividends from WIN in 2021 which at the current price is 1258$.
The chart I see as most important is the 2nd one showing the 100-day moving average in Dividends which still is on an overall uptrend. This is one of the things that keeps me from selling honestly.
Full Numbers of the WIN Holdings & Dividends
2022 WIN Prediction: I can't say I'm too optimistic about WIN just because they have such a high number of coins in circulation with only 5% of them being staked. A market cap of 455 Million does feel overvalued fundamentally and they are also just not the best option for people willing to gamble. They do have the marketing and liquidity as something in their favor. I'm personally holding my bag and will look to take some more profit in case there is another crazy pump without any intentions to buy more.
Personal Gambling Dapp Portfolio
The total returns over the course of the year in case all dividends were kept and sold now is around 7682$, based on just selling weekly it would have been 7786$ so there is not that much difference. I kind of did a bit of both. Right now I'm still holding 14M WIN / 4M SBET / 405k BFG/ 10k TRX / 22 LIVE | 2271 RAKE. I feel that I have accumulated most of what I want by now just riding the wave in 2022. I do continue to be interested in adding other good gambling dapps that pay the losses from the gambler to those holding a token, so if you have one on your radar make sure to let me know...
Full Guides to Decentralized Crypto Bookies I personally use where no KYC is required allowing anonymous betting from any location without individual limits for winning players...
I likely won't bring a weekly report next year but at least will make a monthly update as I will continue to track my own positions.
https://hive.blog/@costanza
Noise.cash: https://noise.cash/u/costanza
Leofinance: https://leofinance.io/@costanza
