Gambling Dapp Report | BFG Accumulation!
After adding 500k SBET to my Crypto Gambling Dapp Dividends Portfolio last week, I now started buying more BFG again using some SPS and DEC earnings from Splinterlands
My reasoning is fairly straightforward. I see Betfury.io currently as the most polished crypto gambling platform giving all the incentives for players to gamble their money away having fun doing so. The price it cost to mine 1 BFG is wagering 0.00009899 BTC currently (5.6$) with all the games on the platform that mine BGF having a mathematical edge of at least 2.5% which means it really costs 0.14$ to mine 1 BFG. There are roughly 2 Billion BFG in circulation right now Which brings them at a total market cap of 45 Million Dollars. 3% of the reward pool is being paid daily and the current pool is at around 3.9 Million which equals their average earnings over 120 days.
This is a project that actually produces a nice revenue combined with the gap in what it cost to mine (which will increase as time passes and BTC gets more expensive) being quite big while the reward pool is quite big along with greater adoption of crypto. There is the fact that more BFG come in circulation which will make the returns go down, but even with that taken into the equation it still feels like a good risk/reward. The price dipped recently because Dividends were going down but this reversed last week.
I'm now at around 250k BFG and I might cost-average some more along the way.
SBET from Sportbet.one didn't have its best week mostly because there was limited action in Professional sports since the Football leagues were on an international break. I do expect things to pick up again in the months to come. WIN from Wink.org had somewhat of a pump and there has been a tokenburn. The actual Dividends still remain on the low side and a lot of WIN was unfrozen recently.
APY Based on Current Price and Dividends from the last 7 days
|Betfury.io (BFG)||+106.94% APY|
|Sportbet.one (SBET)||+19.45% APY|
|Wink.org (WIN)||+6.76% 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 goes down.
Dividend Numbers & Charts
Personal Gambling Dapp Portfolio
Most of the extra BFG was added was done yesterday so it doesn't really count yet for the Dividends. With SBET having and off-week due to the quiet week in Sports the Dividends fell back below 200$ but I do expect them to be above again next week . Currently there is 14.M WIN / 4M SBET / 250k BFG/ 10k TRX / 22 LIVE | 2271 RAKE in my Crypto Gambling Dapp Portfolio. I continue to be interested in adding other good gambling dapps that pay the losses from the gambler to those holding a token that can't be mined, so if you have one on your radar make sure to let me know...
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