Let’s say you decide to pay 90 steem (you can offer less - it’s your choice). You vote for yourself 10 times a day for 7 days. (It’s your choice to vote more, or less often). That’s about $35 in total, of which half is in SBD. If both steem and sbd are worth $1 you will definitely make a loss. $90 - $35 = $55 loss. On the other hand, if sbd are worth $5 each, you will make a profit: $90 - $105 = $20 profit. At the present price of around $2.50 you would not make a profit.
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SBD to steem ratio is more like 75/25 these days, so it seems it's very dependent on SBD price :)
Correct. The higher the sbd price, the more you can make from a vote.