With the World Cup hot spot coming up soon, Web3 is coming up with all kinds of gaming projects. Since Polygon fees are cheap and also there are hash games to play on the BetBOOM project. I tried it for myself.

The odds are high, and you can also mine. So I tried it out

I studied the token output mechanism of BetBOOM, and I found that I can actually think of it in another way rather than just game betting. I can treat it as a mining project. This way you can continue to get a steady income, and so far I've been playing for 10 days and the profit rate has reached 48%.

The hash games have “Small or big”，“Odd or even” and “lucky hash”. With 50% probability of winning or losing, these little games made no difference to me. When testing, I found that you can also get tokens for participating in the game, which is another form of mining. But the mined token is locked, Needing to hold NFT to unlock it (you know what it means hhhhhh).

The current odds are 1.95 for the first round, 1.96 for the second round, 1.97 for the third round, 1.99 for the fourth round, and 2 for the fifth round, which can be accounted for by the data on the chain. Compared to other hash games, it's really nice to be able to mine while the odds are favorable. After checking the tokens, I figured it is a new project online and the fund of the pool is limited. But the price of the project's tokens BET and BOOM are currently going up pretty well, so I thought I'd try to participate with a small amount of money.

My Participation Process

I prepared 300 USDT and bought over 132 MATIC with 106 USDT firstly:

https://polygonscan.com/tx/0x0accf2b593c5924e62f41b5ac4e7791305c87ff8d939b1641ea23a9235e562ca

Then I checked on Opensea and bought the cheapest NFT of the project. The selling price was 120 MATIC. According to the price at that time, The cost was about 90 USDT:

https://polygonscan.com/tx/0x97d10a8821b40fa02364ff03a6114c12b4ab137aa204c89555e4bd8b4ae10689

After buying NFT, level 0 can unlock the token 20 BET per day. According to the formula provided in the project Doc document, it takes 80 USDT of flow to get 20 BET. So considering the unlocking efficiency of NFT, the average daily investment of 80 USDT is sufficient.

The betting strategy is a simple multiplier strategy. Just keep betting on USDT: 2, 4, 8, 16, 32, 64. Here you only need to bet in the first round. You can refer to the betting records on the chain.

https://polygonscan.com/tx/0x08eb98ef25a00d8ef425a10a788a5f9a5336a092706f5d91998c717f4b88366b

When the mined BETs accumulated to a certain amount, I could sell the tokens in Quickswap. First, I sold it as MATIC, then I sold it as USDT.

https://polygonscan.com/tx/0x53df1f321b25861d956ad14a583248296b7597038dcbfe18249ca170e199efc0

You can pay attention to the EXP of NFT，when NFT EXP is enough to be used for upgrading In the process of playing the game. You can upgrade nft to the level of 1 as cost-effective will be higher. So that you can unlock 30 BET every day, which needs  120 USDT flow. This is the average daily betting flow I want. Due to the recent increase in Gas fees, the multiplier money changed to 3, 6, 12, 24, 48, 96:

https://polygonscan.com/tx/0x3816dbbb067cb51cab630f1b5ef32956a58a0047955aac1df6ae2043f3219680

Unexpected reward, the BetBOOM jackpool exploded on Oct-26-2022 04:01:31 AM +UTC. Due to the account accumulating in the top 100 betting streams for this period, my address received 5.433 BOOM at Quickswap which was sold for 24 USDT 

https://polygonscan.com/tx/0xb648e507f4db6b5550d4b7a3f83cccfd3564514e86cf0f32f56faee2071284af

My profitability

Until Oct-26-2022 03:32:38 PM +UTC, I have gained 145 USDT (not considering the unlocked tokens that were not extracted, the  MATIC didn’t be exhausted all. In fact, the earnings are only more and no less). The input cost is 300 USDT and the rate of return has reached 48%. The previous cost of buying NFT has been completely covered, if you can get airdrop or Free NFT, the rate of return will be even higher.

If we count the investment time by 10 days (actually less than 10 days), the annualized return will be more than 1700%. Participating betting also has a certain chance to get 5% blast amount lucky bonus and weekly rankings bonus. So we can continue to play according to this strategy.

Of course, there is also a certain probability that you will lose money by doubling your investment.I have thought deeply about the calculation, according to the expected profit and loss of betting, then: 1 USDT betting expected loss of 2.5%. The current 1 USDT flow can dig out the number of BET 0.25. The current BET secondary market single price of 0.37 USDT. Calculated rate of return for 1-0.025 + 0.25 * 0.37 = 6.7%. In the other words, if you put 100 USDT betting flow , you will get 6.7USDT expected profit. These kinds of investment opportunities are relatively difficult to find in the current market. Here we haven't considered its explosion rankings, weekly rankings and lucky user rewards, which have some uncertainty but are still obtainable.

The project still has some shortcomings

Of course there are shortcomings in this project. Due to the NFT unlock speed limit and maximum bet limit, it is currently unable to make large investments. We assume that the current NFT level is 1, unlocking 30 BET per day needs 120 USDT water flow. More than 120 USDT per day will not unlock the remaining token rewards. So if you want to have a bigger water flow, you have to upgrade the NFT first. The higher the NFT level, the larger the flow can be.

There is also one more suggestion. Because in order to ensure fairness all information is carried out on the chain. If I play a lot of rounds, I will not feel very comfortable sitting in front of the laptop all the time. And I feel uncomfortable with my neck and waist,too. Anyway, this type of mining mode does not require game skills. I wonder if there is a technical expert who can develop a robot to complete repetitive work. So that even if we are lying in bed, we can still make money.

The above is my personal investment experience. For more detailed information and better strategies, you need to explore by yourselves.