GambleFi Portfolio Update | Sportbet Hack

in LeoFinancelast year

I am keeping close track of my Gambling Dapp Portfolio that includes SBET (Sportbet.one), BFG (Betfury.io), RLB (Rollbit.com), & now also some OPENBET (Openbetai.io) with regular updates on how exactly they are doing showing what can be expected for those interested...

Sportbet.one (SBET)

From what it looks like, there was another hack due to smart contract vulnerability.

From what was reported, the damage is limited and there are enough funds to cover everything kind of similar to the first time this happened a while back. The site is expected to be back online later this week but I do expect that some that used the centralized betting option will pull out their money. Since I am using my own EOS wallet to place bets which doesn't require me to deposit, I only have my active bets and my investment into the platform at risk. I don't expect this to be a major problem but it might see some initial reduced activity after the vulnerabilities were fixed and the site gets back online.


Openbetai.io (OPENBET)

The price continues to dip with the short-term traders who aimed to get in early and make a profit getting flushed out. At least that is what I assume as the number of holders went from 1043, to 1011, to 984, to 971 in the last 4 weeks since I'm keeping track of this project. The earnings of the month of April were collected and will be distributed among OPENBET Holders likely within the next 7 days. From what I understand, they are higher compared to the first month as they managed to onboard new players with the partnerships.

Another one was added to those with Abristream of which top holders received 100 USDO to test out the casino and possibly get a 100$ bonus in case they manage to roll it over 50x. Soon Abritrum deposits will also be enabled which should help the onboarding making this the go-to casino on the Arbitrum chain.

I'm tempted to buy more at the current 0.047$ price which feels like having limited downside if nothing out of the ordinary happens, but at the same time I'm already quite deep into it with limited funds to invest. So I'll be waiting for the dividends of last month and slowly but surely work my way to recovering the initial investment

DateHoldTotal InvestedCurrent ValueTot Dividends% recoveredTotal
24/04/2023201k15669$9400$54.5$0.35%-6215$
02/05/2023201k15669$8975$54.5$0.35%-6640$

Rollbit.com (RLB) & Rollbot/Sportsbot NFTs

Rollbit (RLB & NFTs) looks quite stable at the moment with a continued high use of the platform and a lot of profit which also fully reflects into the cost of the NFTs. I'm counting the lowest value estimations in my numbers while everything is trading well above that which decreases the returns some more. 0.111% of all RLB this week was burned again making it highly deflationary which is a mechanic that will add up over the years normally causing the RLB price to go up.

I still like the RLB platform and I continue to use it at times to take some bets. In that regard I'm happy to have a small investment in it but purely from and expected value point of view, the returns are simply too low while there is quite some downside risk as the platform is quite big already. So I just hold on to what I have with no intention to sell and if there is ever an opportunity while I have funds available I might get in some more.


Betfury.io (BFG)

The general trend in dividend payouts continues to be down even though it slowed a lot compared to the time when inflation was just way higher. At this point I'm just hoping that the dividend pool doesn't make lower lows and at least hangs on where it is or goes a bit higher again.


APY Based on Current Price and Dividends from the last 7 days

All these numbers are based on prices of Monday

ProjectAPY
Betfury.io (BFG)+32.83% APY
Sportbet.one (SBET)-
Rollbit.com (RLB)+35.33% APY
Openbetai.io (RLB)+75.29% 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

No Dividends this week from SBET but I do expect them to drop still and I will add them to this week if this happens. I'm holding 6M SBET | 480k BFG | 2638$ worth of Rollbot NFTs | 201000 OPENBET. 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...




There is rarely a dull week in this GambleFi Space and I'm looking forward already to next week where for sure there will be new things and developments to report on...

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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Sportbet.one by now is already back up and working, Pending winning bets have been paid out and dividends are available. Will bring a further update on the numbers next week