GambleFi Portfolio | SBET Stake Tripled, Continued Great Returns!

I am keeping close track of my Gambling Dapp Portfolio that includes SBET (Sportbet.one), BFG (Betfury.io), RLB (Rollbit.com), OWL (Owl.Games),SX (Sx.Bet), WINR Protocol (app.just.bet), & Also SCS (Solcasino.io) with regular updates on how exactly they are doing showing what can be expected for those interested...

I have continued to accumulate more SBET from Sportbet.one over the past weeks, now to the point where my position, which was already quite substantial, has tripled from 5M to 15M. I keep telling myself that I have enough understanding that there is risk involved as it would be quite the blow if something would happen to it, but at the same time it feels like the 5+ year track record that I personally witnessed makes it too good of an opportunity to miss out on. The current APY of 80%+ now in at a time where most sports are on a break should also quite quickly allow me to offset the risk by cashing out some dividend profit weekly.

SBET Numbers

The weekly returns compared to the price have been really good, especially after the 2nd largest holder dumped his bag for some reason and is fully out which marked the price bottom around 0.0033$. Because the market maker is filling orders just below the highest sell price to keep the volume going, it's possible to accumulate without pushing the price up at least to those buying who know about it.

With the big seller out, price has stabalsed and is ready to once again slowly but surely grind its way up again each time someone buys or adds to their bags (at least a couple are actively doing this).

My main FOMO now is over even though I would not mind picking up 1 Million more SBET along the way in case things continue to look good.

The numbers also show a clear increase in number of weekly unique users and I'm hoping that it will stay at least around this number and possibly go a bit higher even.

The SBET Price vs Yearly Expecetd Dividends chart also looks super stable and going up over time the past 5 years without anything crazy.

Just looking at the Dividends received for staking 10k SBET, there also has been a clear increase after it was stable for years.

So overall the numbers just look very good while the price is depressed because of the seller who market sold pushing the price down while more has been picked up without pushing the price up. These were the paid out dividends last week

Off course none of it is a guarantee and risk is certainly involved but also opportunity as the fully diluted Market cap at the moment is only 4 Million (2 Million Market Cap for coins in circulation)


How To Buy & Stake SBET

The only exchange where you can buy or sell SBET is Coinstore.com which overall I had no major probels with aside from an ETH deposit which was not credited which took some time by support to eventually get fixed.

There is an easy (Centralized) way to stake SBET which is to log into Sportbet.one with your social media account / Email / or wallet which creates and EOS (now Vaulta) account for you where all the transaction costs are covered. You can deposit the SBET in there and stake it on the site to claim dividends each week.

There is a more complicated (Decentralized) way to stake SBET which is to create your own EOS (Vaulta) account. You will need to look up some tutorials how best to do it. I personally used Anchor Wallet (Link combined with my Hardware Wallet. I assume that you can create an account using that wallet even though it likely will require you to pay a small amount of EOS or A (Vaulta) to do so. Once you have your account setup, you can easily send your coints to your account and use Anchor log into Sportbet.one where they can be staked.

Staking and unstaking is instant and free while each monday, the dividends of the last week can be claimed. All coins (Aside from A( Vaulta) are held by the team and they just give tokens on the EOS / Vaulta Chain who represent them into your account. On the site they can be withdrawn for the real coins to the address you desire which is a process that is automated and near instant. I have done countless withdrawals and never had any issues. Sending to binance or other exchanges also works perfectly.

Everything also is documented on-chain and can be viewed easily on https://coffe.bloks.io/tokens/SBET-eos-sportbetsbet. Bets and volume can also be seen on chain as it all happens on the sportbet1bet account. The team is by far the biggest holder of the coin and rely on it to get a big part of their own earnings so they are on the same page as SBET token holders.


Conclusion:

I'm now have my main position of SBET filled even though I'm tempted to buy some more at these prices and looks forward to see if it can keep up the good momentum and reliability of the last 5+ years. I will start tracking the progress I'm making toward earning back the full investment and will start using the earnings to get exposure in other coins for a possible Altcoin Season which I still believe will come at some point in time.

My the move from BFG into SBET while also increasing my overall investment quite a bit did optimize my weekly Gamblefi earnings which are now roughly around 1K weekly which is massive and gives a ton of piece of mind.


I'll try to be back with my regular Gamblefi portfolio likely next week...

Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using with some allowing anonymous betting with no KYC or personal restrictions...

Play2Earn Games that I am Playing...

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2 comments
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@costanza , thanks for documenting the steps. What APR are you getting with SBET? What do you do with the tokens as some of them shitcoins.

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When it comes down to APR, it mostly depends on the price of the token, if tomorrow that doubles in price the APY will go down by 50%. The whale selling is also one of the main reasons why the APR has been so high recently. So basically at this point, either the price of the token will go up or the dividends will go down. I made a chart of the 10-week average APY/APR (I never understood the differece) which shows it generally ranging between 38% and 60%. The covid perdiod when all sports were canceled early in the chart is the reason for the initial low numbers

As for as the smaller shitcoins go, I just let them accumulate in my account. It's nice to have a little bit exposure to them and if there ever is a time when I do need some funds it's easy to send them to binance and sell. They do add up over time and you also always can use them to take a gamble.

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