GambleFi Portfolio | How SBET Keeps Crushing It in 2025!

By costanza | costanza | 5 Nov 2025

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.

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:

WINR Protocol

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.