I am keeping close track of my Gambling Dapp Portfolio that includes now mainly SBET (Sportbet.one), WINR Protocol (just.bet), OWL Dao (Owl.Games) & some SX (Sx.Bet) while previously also including BFG (Betfury.io), RLB (Rollbit.com), and some others, This is a monthly update on how this portfolio is performing and how the projects are doing showing what can be expected for those interested...
When it comes down to crypto as someone who has been in it actively since 2017, the key is to have at least a couple of big winners to come out on top while seeing a bunch of garbage trend toward zero. Over the years, Diamind Handing BTC has been one of the winners, while I managed to do incredibly well buying LINK around 0.10$ which by now most of it I've sold. One of the other winners that has been (and continues to be) my bread and butter remains SBET which is having another solid year while the entire altcoin market continues to get totally destroyed.
In April this year, one of the whales started market selling his bag, which dumped the price to 0.0032$ and me, along with some of the other bigger holders managed to scoop it all up which now puts the price back higher compared to when the dumping started.
Sportbet.one (SBET)
I have now been in SBET for over 300 weeks, monitoring and tracking things closely while also at times using the platforms and I only feel like adding to my position which by now has grown to my 2nd biggest crypto holding. The dividends are just too good and with the 6+ year reliability track record while the numbers slowly keep growing, I can't resist to keep adding more mainly compounding some of the earnings.
Even more impressive is that the returns at the current price based on last weeks numbers still show a +66% APY while the projections for the coming week look even higher.
Week 44 SBET Dividend Earnings in Dollars
I would say if anything, this shows that a project with an actual good product, real users and revenue where the team equally to the investors depend on having tokens staked to receive earnings works. It also shows the use case mainly for stablecoins, as a large part of the volume and earnings come in the form of USDT & USDC. Both Bitcoin and Solana also remain popular options.
Recently, the switch was made to a new reward system instead of the leaderboard which now makes me unable to track the individual weekly users. However, the numbers in 2025 remain just rock solid week after week similar to the 5 years prior.
In the previous bear markets, this project also remains more or less unaffected with the earnings that kept coming in week after week, so it is somewhat of a defensive play in shaky times like this even though it's a low cap and you never know what might happen. The fact that you currently earn 1.25%+ of your investment back weekly, which on top comes from earnings reduces the risk a lot. I also see plenty of room for growth as stablecoins become more used and with the Upcoming World Cup Next Year.
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Looking at the exchange, it can be seen that only 5.4 Million SBET is for sale which equals just above 1% and not too much can be bought or sold without pushing the price up or down unless there is a buyer or seller coming in. There isn't much activity also on the buying or selling end as 72% is held and stakes by the team and near 99% of the circulating supply is staked to receive the dividends. SBET still only has a fully diluted market cap of 6 Million and a circulating market cap of 3 Million while the devs have shown to be extremely trustworthy when it comes down to releasing more. If the next batch would be unlocked, it can be near sure that it will come along with something that boosts the numbers further.
Overall, I can't be more pleased with my SBET bag and the fact that I added a ton during the dip after selling my BFG & SCS (which both continued to crash), and more recently with the idea to add even more as I see +33% APY as a fair returns target to give a decnt risk/reward while currently it is double of that. I continue to use my earnings each week to cost-average into some other projects in the meantime.
For an Easy Step-By-Step Guide on how to Buy - Stake - Earn with SBET check this post:
My 2nd biggest GambleFi investment remains WINR Protocol and I continue to also buy more of it at current price levels as it feels really cheap while the development continues to progress. While there is no guarantee whatsoever that they will succeed, I do see plenty of potential for this to become one of the Web3 Decentralized Gambling & Casino backends.
While the price chart looks like a pump & dump dead project, I more see it as an initial overvaluation based on potential & hype with no real product to now a price which like most operating GambleFi projects is valued based on the actual Dividends.
Last 7 days, it shows a total of +12436$ of profit made by the casino of which 20% goes to WINR Stakers based on how many days they stake (180 days is pretty much obligated as it gets exponentially more). They recently increased the revenue share for liquidity provider (who takes most risk) from 20% to 40% taking a part from what otherwise I assume the team got which also tempts me to start providing some Liquidity again.
So only 2687$ for those who stake WINR while 190 Million (21% of supply) is staked which I would say is around around +20% APY while all of the marketing still needs to happen as the last year was mainly used to fix many small bugs and to improve the overall user experience. Knowing that only 21% of the supply is staked I would say it still is somewhat valued based on speculation on future revenue but nowhere near what it used to be and way closer to having a product that works properly and actually gets wider adoption. It however remains a gamble/investment in the hope for both token price growth and dividend growth.
I'm down on my investment as my entry price was just a bit over double the current value but I see it as an opportunity ( Sunken Cost Fallacy ? ) to lower my average entry price. At the same time, I feel like I'm getting closer to the max exposure and loss that I'm willing to take in case it would totally fail and go to zero which I still would say is not crazy unlikely. Everything in crypto though, remains risk/reward and I still like the odds on WINR Protocol.
These are the WINR numbers for 180-days stakes the last 35 weeks.
For an Easy Step-By-Step Guide on how to Buy - Stake - Earn with WINR check this post:
Owl.Games (OWL)
I still don't see a way to sell OWL at the moment as the liquidity pool doesn't seem to be working but my bag of 600k Owl which is staked on the site still brings in around 30$ each week which I am able to use or withdraw from their site and at times I play some poker for fun there.
By now after around 120 weeks, I earned and took out 3300$+ in Dividends, which is more than I paid for my original bag of coins so I'm in the green so to say regardless what happens. Over the years though, there is nothing that this project has done to really give me any kind of confidence as an investor even though the dividends have been very stable and good around 50%. I will just keep my bag stakes and continue to claim the dividends weekly while cashing them out regularly.
Sx.Bet (SX)
SX remains a project where I kind of like what they are doing but I'm not really using it myself and don't see it as something that really has been good to investors. Basically, they aim to become the best place for sports betting action to take place which makes them cut the fees down to near zero which means a good thing for potential adoptions but nothing really left for investors to earn as the dividends have just come from inflation for quite some time now.
The volumes have grown this way and recently they kind of changed their tokenomics to 'turning the fees back on' for accumulators and bets taken outside of the sx chain. These earnings are used to buy back the tokens redistributing them as rewards. For now, I think they still just come from inflation.
To be honest, I'm somewhat burned out by this project and am glad I only invested a small sun into it which I also didn't lose that much on. It is one of those projects that I need/want to put more time into to fully understand. My metamask wallet on Chrome browser also continues to have difficulties to claim rewards (in brave it works) and it remains a hassle to actually use the platform which kind of keeps me back a bit. At it's core though, I really like what they are doing as as a sports bettor, I see this as a real solution for a real problem all sports bettors face (too migh juice which makes it hard to win in what has become a very efficient market)
To Be Continued...
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
I got out of Rollbit NFT's quite some time ago without problems and with a profit when they introduced KYC requirements. A bit later, I also sold my RLB bag after a pump since the same team launched a competitor (luck.io) which kind of broke the trust. All this despite the fact that I still see RLB as fundamentally one of the most sound tokenomics in crypto as based on the latest numbers, the supply is bought back and burned at a rate of 30% anually which is quite crazy and should guarantee a price increase pretty much.
From what I see though, the team hold 60% of the supply and with all the shit that happened it just remains hard to trust them. At the same time, the bottom of the RLB price occurred at the peak of the fud. I can see myself get some RLB back at some point and now I would think isn't that bad of a time since their earnings seem to be holding up. For now though I only continue to track and wait without having anything invested anymore.
Betfury.io (BFG)
If anything, I'm really glad that I managed to say goodbye to my BFG bag, converting it to SBET while the whale was dumping there. This allowed me to not only escape the continued BFG price and dividends decline, but also catch the SBET upside and way higher and reliable dividends there. The main downside is now that my risk is more dentralized in 1 project.
The most telling chart for BFG is the overall Dividend Pool, of which a part gets distributed each week. This continues to trend down now below 600k last week, indicating that the site just has a dropping number of users and revenue which is bad. While all he supply is out, it also isn't really going down as the rate at 0.01%-0.03% every month is negligible. The fact that you need to stake for 365 days only to get 23% APY (which, based on the statsn goes down in absolute numbers as the coin value delcines) is just way too poor of a risk/reward ratio also knowing you need to trust them by depositing you coins.
So overall here, I'm glad that I'm out and I'm not looking to get back in.
Solcasino.io (SCS)
I also sold my bag on SCS quite some time ago swapping it for more SBET and similar to BFG that has worked out great. The current 29% APY knowing you need to pay 2% staking fees while the price keeps dropping as revenue us going down simply isn't worth the risk and I don't see much indication at the moment for things to spike. The fact that they are using OwlDao as the provider for the platform doubles that risk as that hasn't shown me to be the most trustworthy.
Another metric that has been going down week after week is the number of SCS holders on the Solana Chain.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday
| Project | APY |
|---|---|
| Sportbet.one (SBET) | +66% APY |
| WINR Protocol (WINR) | +8% APY |
| Owl.Games (OWL) | +50% APY |
| Sx.Bet (SX) | +8% APY |
| Betfury.io (BFG) | +23% APY |
| Solcasino (SCS) | +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.
Personal Gambling Dapp Portfolio I earned a whopping 1280$ in dividends last week for holding and staking 16.4M SBET | 600k OWL | 28.5k SX | 1.5M WINR. 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. This has been a 6+ year journey so far into GambleFi slowly but surely growing my bags and compounding the earnings which shows how slow but steady does pay off in the longer run when it comes down to weekly passive earnings...
I plan to make these reports on a monthly basis now so I'll be back with the next update in December
Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using with some allowing anonymous betting with no KYC or personal restrictions...
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