Quote from: coin-investor on Today at 02:26:56 PM

Quote from: Mindyspace on Today at 01:13:24 PM

When Bitcoin's price drops, many people end up losing money and become discouraged by the market. But online casinos continue to operate normally and receive bets every day.

This makes me wonder: do casinos actually earn even more during these downturns? After all, some players may gamble to try to "recover" what they lost.

Or is it the other way around? Since players have less money available, do they bet less, and do casinos also make less profit?

I prefer the former to the latter. Gamblers will always gamble regardless of market conditions. They may have less than their usual bankroll, but they will continue to play; old habits of gamblers don’t easily die. Despite a market shift, casinos continue to engage in massive marketing efforts, even in a bear trend.

Casinos derive their profits from their users playing in their bankroll and not from cryptocurrency fluctuation.
There may be a drop in profit, but as long as the number of gamblers and their deposits remain stable, they will continue to make a profit.

The thing with casinos is they don’t rely much on what the market does they rely on the consistency of human behavior and gambling is one of those behaviors that rarely disappears even when people lose money in crypto or other investments many of them will still head to casinos as a way to either cope with losses or chase quick recovery.In downturns some players might reduce their bet sizes because of tighter budgets but the volume of players often stays the same and sometimes even grows because people look for distractions during hard times casinos also keep pushing aggressive promotions free spins deposit bonuses and flashy campaigns to keep the flow of gamblers steady so while the average bet size may go down the overall activity tends to balance things out.

On the other side it’s also worth noting that casinos are structured businesses built with a house edge which guarantees profit over time whether players win or lose in the short term so long as gamblers keep playing casinos remain profitable and this edge doesn’t change with bitcoin’s price movement crypto is just a medium of payment for many casinos their real income comes from play volume and the statistical advantage they hold.So while the market may shape player psychology the habits of gamblers plus the built in profitability of casinos make them resilient to bear runs they may see slight dips here and there but the system ensures survival and most times steady income.