Royal Bot Review: Be Careful there are bots with bid value to high for vote payout
There are many bid-bots listed on the https://steembottracker.com/ website.
A word to the wise though: Not all bid-bots listed there give a positive ROI, some are regulated to always serving a negative ROI.
When I look at the bid value / vote value ratio of the bots some do not have a bid value/vote value ratio that is positive. Some in fact you can't bid on without loosing money and some are a gamble if more then 2 people bid on them.
I collected the bots that have the worst bid value / vote value and placed them below.
Let's look @kittybot first
@kittybot has a minimum bid value of 0.05 as circled in red above, but the vote value for the 0.05 bid is a 0.02 vote, circled in purple. If you bid on this bot you loose 4/5 of your USD value.
0.02*0.75=0.015
0.015/2=0.0075 SBD
0.0075/4= 0.002 STEEM
YIKES!!
Next let's look at @discordia:
The vote value is 4.8X the bid value, that looks profitable... let's check some math....
If 2 people vote min bid votes (0.1)
0.24*0.75=0.18
0.18/2=0.09
0.09/4=0.025
We would loose SBD here but gain a little SP ... With only 2 voters ...
If 3 people vote with min bid (0.1)
0.16*0.75=0.12
0.12/2=0.06
0.06/4=0.015
Loss of both SBD and STEEM for all bidders
Finally @estream.studios
Let's use 2 minimum 0.5 votes:
1.25*0.75=0.9375
0.9375/2=0.46875 SBD
0.46875/4=0.117 STEEM
This would be a SBD loss but a slight profit in terms of USD. If anyone else bids on this auction after our 2 bids, all of the will be a loss.
A 0.2 bid would be more appropriate for this bot.
When gambling at any vote selling auctions I suggest you skip over any auction where the vote value isn't at least 10 times the bid value. As we can see above at 5X only 2 bidders can bid on @discordia before the auction become unprofitable. Please check your math before you vote.
This is only getting worse as the price of Steem falls. Make sure you check every time before you bid what the upvote value is going to be.
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