Bitcoin Forum

 Hello guys, as an attempt to protect new or old users on this forum , I think its mandatory for gambling sites to show proof of money they are holding in reserves  . Unless casinos converts all deposits to a stablecoin , excluding UST hahahah , from year to date most of them should be running on a loss as most utilized crypto coins are down by atleast 65% and that includes Bitcoin .

There will be more and more accusations  created to existing and also new casinos.

 Goodluck,Be safe and smart out there!!

Check the casino's tabs and pages and see if they're showing how much they've got in their bankroll. Some casinos and dice sites do this and if you're not satisfied with the current one that doesn't show it to you then leave them. They don't have the obligation to show how much they've got especially the reputable ones because we know how huge they are. I think it's not a matter to me as long as I know where I am gambling and I have an idea about the track record of the casino. Btw, this topic should be on Gambling Discussion.

Considering the sentiment of the market, many are still at panic and to avoid any trust issues with the gambling site, its good to show their financial status and strategy that can cover any future problem, its good for them to have this. The top sites though still have no statement with regards to this, maybe they are still working on that or they are not considering this option and still choose not to get involve.

In all means the casinos have its edge. This brings them specific percentage to the house. Depending on the market the bankroll value varies. The market crash won't cause any downturn. Just an assumption, a gambler spends 0.1BTC when the market is at its peak. The same gambler spends 0.1BTC when the market is at its downturn. Will this hurt the house in any means.

That would be a good idea but I don't think the majority of casinos would like to show their assets some casinos would like to have an edge in the market and will try to manipulate it, it will become a battle on who has the most reserve or assets when it should have been on reputation, you can easily check casinos capability to pay based on their winners' winning many casinos have this on their page, as long as they are paying their winners they are good to go, and as long as there are no pending complaints about nonpayment.
But I love to see a casino start this trend.

This should be more concerned with the new casinos and not so much concerned to old casinos that have been around for some years.
I also think casinos have their reserve rather in stable coins and not any random coins. If they have in btc, they could continue to source operational funds and when the bull comes they will rejoice in x3

in my view actually it is not mandatory because if they publish their finances the casino is very vulnerable to hacker attacks, after all for what the casino has to share proof of their finances, do you know during the crypto crash the casino has always been fine, for example there are casinos that has been established since 2013 while 2014 when crypto crashed too 2018, did the casino close and went bankrupt, not really

sorry, looks like you are new to crypto and from your words who only saw this year's crypto crash already looks panicked even we gamblers see crypto crash it's normal don't ask casinos to publish their casino money

I think all casinos convert cryptocurrencies into stablecoins or fiat immediately after deposit. At least those whose base currency is USD or EUR or some other fiat currency. Those whose primary currency is Bitcoin should keep their reserves also in Bitcoin so that the exchange rate change does not affect their business either. 1 BTC = 1 BTC.

Passwordnow, no I disagree with you on this especially with the big gambling sites, I think they should do this . Imagine an exchange as big as FTX were just holding most of the users funds and they couldn't even afford 50% of them to withdraw causing a domino effect  . During this time millions of cryptonians withdrew their money from different exchanges causing them to halt or squeeze budgets , what makes a casino with a "Curaçao" licence  any special ?

Hi KennyR, no it doesn't work like that. Casinos start with capital , and that capital whether in crypto or not has a fiat value at that time in their ledgers .

I would not oppose casinos to give some proof of liquidity or reserves, specially those who are not so well established (those are more vulnerable to bear markets), one is never 100% sure the management of the casino decided to relocate part their reserves on other places to get passive income or something like it.

Anyways, I doubt most the casinos around here will suffer from this market. The World Cup is here and it is an excellent chance for them to attract more active users.

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Judging the way some casinos offer fairly quick withdrawal in BTC, I would assume they keep a good percentage of money in BTC.

I love the idea it will establish who are the leaders in the industry probably old and established casinos are the ones who will have more reserves to show unless some casinos will try to manipulate their reserves, Crypto crash cannot be connected to casinos, gamblers will gamble and with a lot of sporting events happening around the world like the World Cup the industry is very robust, the gambling industry will remain stable, it's not the reserve but the reputation of the casinos that should establish them.

They probably have a system in place that converts some of their crypto profits to a stablecoin and hold it as a reserve for this scenario. If that's the case then the same casino would have a lot of crypto during a downturn if they decided to convert that reserve stablecoin to something else.also during a crypto crash, more crypto per dollar is being spent, so I don't think casinos would have a problem any way; it's not everyday that a whale wins in these platforms, you have to keep that in mind.

Not unless specifying the hot wallets was part of the so-called "regulations", it can't just be mandatory be asked by the community. That idea is good though however since that wasn't the case for crypto-gambling sites today, nothing we can do about it.

Honestly, I never think of that but since then, I always trust the reputable ones. I understand the risks here that's why I'm totally fine without knowing the money reserve of a certain site as long as they are considered a big gambling sites in the crypto-world.

The question is, is the industry suffering from the huge impact of the Cryptocrash, more new casinos are coming in there are many promotions and marketing campaigns, its the competition that beats the casinos, not the crash, there are a lot of big events in the sporting world so many people are betting, people can lose trust in the exchange industry but in the Crypto gambling you can only lose trust in one or two casinos but the rest still enjoy the trust of the community.

Well, good thing that casinos don't make use of usd value of our deposit or winnings, but rather, they make use of the value of our deposit and winning with the same value of coins either deposited or won, like for example, a deposit of 1 bitcoin is equal to 1 bitcoin, and not the usdt value of it, and if the gambler luckily won 1.5 bitcoin, the casino pays the gambler 1.5 bitcoin in full, and not its usdt value, I this style is more appropriate and fair for gamblers and the casinos alike, because if casinos were to always convert every coin deposited to a stable coin and pay out winnings in the value of stable coin, then this will likely cus a lot of problems for them since it's possible that the conversion rate of the gambler might be different from the conversion rate of the casino.

Well, so far, never heard a casino get liquidated in every bear market.
Because everytime a user deposits it will remain as it is, 1BTC=1BTC. Besides their finance team always know how crypto works for casinos, so converting their crypto holdings to fiat like 40/60 will always be a safe move.

I think some of the users here forget that a casino's expense is not only withdrawals . There is advertising cost, platform operation costs, providers and employees that needs to paid etc and many more. An employee that got an equivalent salary of 0.1 btc monthly few months ago  should be getting around 0.17 btc in equivalent by now. Previous deposited crypto should be converted to fiat equivalent to sustain expenses other than withdrawals from users.

sound like bullshit, i dont known about other players, but if i deposit to casino - or i loose or i put instant cashout, if there is limit - i choose self-exl period for time to get full winnings. Sound little bit stupid for casino, no?

I really don't care if casinos won't show the proofs of their bankroll. After all, as long as they already established a good name, that's worth trying.

Reputation does matters to me and there are ways to prove that even not showing their bankroll.

After all, these sites won't run for long if they are not financially capable.

Casinos have very different money making model to any exchanges. They are not exchanges for a reason. If you gamble with BTC you win btc and you withdraw BTC, that's it. You don't change BTC to usdt and try start a bank run.

And FTX used their own token as a collateral which was one of the reasons this happened to them. And i am not sure what kind of numbers in those reserves would make you happy? One that includes enough reserves for everyone winning for a week for every bet or what?

maintenance and daily operations aside from keeping their license up to date are just few things a casino should consider. so absolutely yes, it is not all about withdrawal aspect. with this in mind, better play on reputable casinos with no existing complaint so you have less chance of being screwed. a small casino or bookie has the chance of not paying up if there will be big winnings. so better choose where you play. during these challenging times, better secure your hard-earned money. it is understandable if you will lose it during the game but if you can't get out your funds, then, that's a different story.

This would be nice but I think that it is harder for established casinos to get in trouble as their model is different to what we see with exchanges, exchanges get in trouble because now they are doing the same thing banks have been doing and instead of just storing the money of their clients they play with it in the market, and if they lose then the exchange will not take long to collapse, casinos in theory should not be able to do this as you have not give to them such permission, so as long as they are just storing the coins of their clients and not doing anything with them even if the price in fiat of bitcoin went down they will still have enough bitcoin to pay all their clients.

for me actually it doesn't really matter (for me).
because a gambling platform site that already has a good reputation, there is no need to doubt how much reserve fund they keep.
maybe you can see from one of the gambling websites that are able to pay for every ad they display at any time and gambling parties are able to pay 1-2 BTC just to pay for advertisements. so there is no need to doubt how much reserve fund they have.


Ps : don't equate a gambling platform with an exchange like FTX

It's not a bad idea for casinos to try to assure their users that they are doing well by showing proof that they indeed have the money. But, well, there isn't a big call for it right now despite the series of bankruptcies happening in the crypto industry. Is it perhaps because there hasn't really been a crypto casino that experienced some kind of a bank run?

But now I'm curious, how many casinos out there can actually provide the funds in the unlikely event that all of their users decide to withdraw? Or how many casinos out there that are also secretly using their players' money for investment or marketing or something else?

Some of them have been in the business for maybe around 9-10 years, others are new like 2 years.

However, it's not like this is a exchange wherein you don't know where your money is, in casino's you know that when you lost, your money is going inside of them. And there's no such thing as casino's being liquidated, I haven't heard of casino's losing big time in a day to a gambler. I think this is only applicable to cypto exchange though for me. Casino is a different story, even in offline casinos, those are raking like billions every day.

I don't know what is the main concern of this thread but about the showing of Money proof or capital? it is the sites rights to show or not and to players to trust the site or not so this should not be an issue anyway.
casinos had been existing for many years here and players keep on trusting sites, but those noob or greed mostly the victim of scamming.
so it is our responsibility to find which is better casino to play.

This is a good idea but is the industry in panic for them to show their assets and prove that they can keep up, is the situation the exchange and the market is in right now, apply in the gambling industry, the gambling public will not stop gambling the sports bettor will continue to bet whether the market is in bear and in bull compare the gambling industry to other industry that's suffering from the crash.

I do care. After all, I do not want them to use the funds I deposit for a fractional reserve system.


Yeah, well, SBF had an excellent reputation, and so did Madoff in his day, so I prefer proof that my money is safe.


Wrong. The Madoff scam lasted more than two decades, so a scam can last a long time.

 - I think you are right in what you mentioned dude, stablecoins funds are just to keep the good choices they make for these bear market times safe.

And I think there is nothing wrong with that.

Because if they don't hide it in cryptocurrency, its risk volatility is quite high and it won't favor their website platform either. And aside from that they

are also doing something where their players will continue to play using their gambling platform as well.

they don't accommodate all gamblers' crypto not to sell it let alone convert their crypto to stablecoin, so what do you think is a loss to see the crashing crypto price, all gamblers play with their crypto and when they withdraw their crypto it's still the same 1 BTC is 1 BTC, so what's different there too, I think with the case of FTX exchange going bankrupt there's no need for a lot of people whining at the casino site to show proof of money owned by the casino site just because of the crashing crypto price, don't equate the casino site with a trading site because obviously it's very different, so understand that in the end the casino will still be fine even if the crypto price crashes

You can request new casinos to show their assets, but for old casinos, I don't think they are obliged to show their assets and capability, their so many years of operations just proved that their assets can keep up, and assets are not proofs that the casino will pay their players that won big amounts, they may have it or not but its never a parameter to see if the casino can operate long term.
You cannot even say that my money is safe here because of their assets you can only have money in casinos if you deposited and wins.

If the casinos can show proof of the money in their wallets, gamblers can see that the casinos have the money to pay out the winners. And if the casino withholds the payment of winnings to the winners, it will look odd and the winners will need to question the casino. This may be one of the conditions put forward by some gamblers, especially for those who often get wins from several casinos but the casino doesn't pay out the winnings on the pretext that they want to research their account.

indeed, every online casino industry that has just started the main preparation of capital / financial support of the company, apart from licenses and so on, money is one of the factors to convince users to place bets on online gambling sites, all gamblers know this problem.

However, I don't think that every online casino industry should publish their capital here, of course they have rules and laws about what must be published in the media and what is not allowed, For me, if the main goal is to protect and protect users who gamble at certain online casinos, what is certain is that the assessment from the point of view of the casino's trust and responsibility is sufficient and convincing, In my opinion, only those who know the finances of gambling casino companies and some must be protected by law, so that unwanted things do not happen from irresponsible parties.

It should be a case of concern for both old and new casinos because no casino is 100% immune to bankruptcy, big casinos too go broke if the fail in funds management and been under capitalised. As for Reserves they are mostly kept in stable coin to keep an edge over volatility in crypto and i am not too sure if the are kept in random coins because prices are never steady in crypto.

Casinos seems to be more effective on handling their finances because there's no issue so far with the security and hacking incidents with the casinos, maybe they are using a different system that the hackers can't even know how to get access on that. Publishing their financial status is good as long as the site will remains private and safe from any hacker or abuser. Let's not over panic here and have faith with the top site, most of the top crypto gambling today runs for years already and they have a good reputation already. If in doubt, always play with the best site instead of trying any new or unfamiliar site.

It "seems" to be effective doesn't equate to something wrong never happening imo. It does seem that the idea would work wonders if casinos were to agree. I don't think they have some problems with handling crypto though but if in case there's enough traction that customers would request it I don't think it'd be a problem, as long as it doesn't conflict with the licenses and whatnot that they signed before the business ran.

In the end, it's a matter of what if, and since casinos don't really have a track record of anything big happening when the market crashes(afaik) we don't really have anything to base it on. I am in favor of it though if they want or are pressured by users to do so, even in the case they have some sort of plan or method to avoid damages caused by crashes).

There are crypto casinos that already stopped operations. I'm even more confident that there are casinos that downsized or significantly reduced their spendings on promotions and other stuffs as a result of the bear market.

It may be a good idea to show liquidity than just say they have money in their reserves.

You can't be too sure they know what they're doing.

I think if the gambling casinos did not have as much funds as they claim, we would have started seeing people complaining about not being able to withdraw, in other words, the casinos would just freeze withdrawals because there would not be anything for the players to cash out. As far as the old, most reputable casinos are concerned, they would never be dumb enough or greedy enough to try something as foolish as faking funds.

This is something only greedy owners of bad exchanges do. They lend money they do not have to people that will never be able to pay it back. And once people start withdrawing, they start making excuses. Up until the point the truth comes out.

It never ends pretty.

Others been saying that there are platforms which you could able to see on what is their bankroll and other statistics in regarding on how much they had lost and how much they do earn.Yes, it does really give out that kind of transparency and there might be some platforms who doesnt really show off in terms of their bankrolls but still they are long time running already on this market.We've have several casinos on this market
which is really running up almost a decade without having that need of showing off on how much they are making.Actually its none of our business whether they would be showing those numbers or not.
Important thing on here is that they do give out the best service and been fair on most possible way.We should really bare in mind that house do always win in the end no matter what.
So amidst of pandemic or crrypto crash or something related, they might lost their fiat value but not on that coin amount which we know that potential increase of price is always there.

For established casinos, they will not be oblige to show their funds it's their business to run and operate for sure they will not ruin the main source of their income, though maybe I can agree that new open casino can show if they've got the money to pay their players in case big wins happen, the bankroll is very important to gain trust from the players, as long as you can really provide then it won't be hard for gamblers to play using your platforms.

I do not know if a serious casino would choose to do this, as it presents too much of a risk.

While it may sound like the best of both worlds, in practice this could be a disaster for any casino that decides to take this path. Casinos have their core business, which is making money from gambling. Using player funds for investments in other ventures is not something they would normally do. However, if they did so, they would need to make sure the investment was safe and profitable. If the casino loses money on its investments, then it will not be able to pay players back their deposits. Therefore, I do not think that this is a very likely scenario, as it could result in the casino going bankrupt.

Indeed, the casino thrives on the bet of their client, BTC will be paid in BTC, USDT in USDT.  I haven't known any casino that paid Bitcoin bet in USDT.  So no matter how hard the market crash, it has no effect on the payment of the casino.  Of course, it is always a good thing to check if the casino has the fund to pay for big wins because it is an assurance that a player has nothing to worry when they hit huge multipliers in a huge bet.

Unfortunately in the crypto world, everything is possible. Exchanges and lending platforms have also their own core business model, but we have recently seen they are not all very honest and are doing shady transactions behind their customers' backs, so I wouldn't be surprised if some large casinos were doing this kind of things actually. Because they can easily lock funds of most of customers when they want by simply asking them KYC. So users should always be very careful when they leave cryptos anywhere, and remind that when you have not the key, it's not your coins anymore.

There's no exclusion whether you are dealing on a casino or exchange platform or any services out there which you do deposit out your crypto or funds and having no full control of it.

You are really indeed on a situation which you cant really be able to assure if those funds are safe.Speaking into other topic which for a business to be having that shady act then it would be impossible for a
long term business like gambling casino to focus out on locking up their users account and stole those funds.We know that it is really more worth and good thing to be done
if they would sustain out the business for longer runs which means that revenue would continue to flow and make tons of money rather than on a single situation
which could fucked up their reputation entirely.

Players won't know also this aspect of casino, whether the casino is using the deposits to something else.
Usually, the community knows there is a problem when they start experiencing withdrawal problems.
A big casino may have other ventures but I am certain, they can very well afford to pay up the winnings of their players.
This is why it is advisable to play on known reputable casinos or bookies, so you won't encounter any withdrawal issues.

The truth is, no one should trust any platform right now because the entire industry is faced with the issue of trust so for that only leave what you can afford to lose on any casino, just like exchanges, most casinos have a hot wallet that holds the house balance where winning are paid from.
But again the recent market crash has affected many casinos got wallet most especially those that have funds stored in Bitcoin and other highly volatile assets, so we need to be in charge of our funds because the present market condition have call for urgent attention from crypto users.

I understand the worry and we all want to have that sense of transparency from these gambling sites. But in this situation, as someone who worries about it. Just go and gamble on reputable casinos that have been there for years without any huge issues such as what happened to FTX. Whether you gamble small or big, I also get why someone has to look at their financials or stability. You may ask them directly about it and if they answer and are generous to tell how much they've got in their bankroll, that might give you some confidence to stay with them. Also, as a responsible gambler, you don't deposit all that you've got there just as what the depositors of FTX did.

Yes, that may be true. But there are services for such things. Payment providers. Today, anyone can accept deposits and pay out cryptocurrencies, regardless of their base currency.

As OP already explained in one of his replies, casinos have many expenses other than paying gamblers' winnings. They need to pay their game providers, pay for servers, maintenance and development.. And not all those are paid in crypto and the prices are usually set in fiat value. So the "1 btc = 1 btc" can't be applied here.
The crypto market drop can indeed affect casinos' business if they don't have strategies or plans to protect their capital against high price movements

I thought most casinos had a minimum budget and set the max win based on 100x. So, if a max win is .001btc then the budget is usually at least .1btc. That may have only applied in the past when casinos only had a dice game. These days with all the slots and jackpots that can be won, i'm sure it's much different.

I don't feel like most casinos are going to share their bankroll information publicly, but maybe with a private entity that will confirm a casino is solvent? Unless we see warning signs from a particular casino, I wouldn't worry at this point.

Most sites that only having dice game back in the past had already have some huge overhaul on their platform which they added up more casino games which mainly talking about slots and other similar games

which means that bankroll should really be more than on that.Bet limits is standard, it is really just a suicide for them not to set out because huge wins could really cost them big
if ever someone do make a hit.In talking about their capital or bankroll, then i dont really care on seeing at all.It is really just standard that they would be setting
out limits basing on how much they do have money on their bank.

I agree, we must be vigilant after in what just happened on an exchange before, but gambling and exchange have different. Because not many people keep and hold their money in what they did on the exchange. So it's not mandatory I think, but necessary. So when the gambling site shows the capital on the first page, I think to just make sure the gambler inside trust and believes they put the money in the right place.

The title of the thread is a bit misleading, as at first glance it seems to be talking about how to run a casino in this day and age and is rather questioning whether casinos have sufficient reserves.

For me, in principle, of the reputable casinos on the forum that have been around for a long time I am not worried, as they will know how to manage their banrkoll and betting limits accordingly. Perhaps it would be good to show the solvency to a third party, as sugggested, but not necessary IMO:


I'm not worried either, there are casinos on the forum that were already up and running in the previous crypto crash, and they are still there.

Fact! I don't think we should worry about that also because casinos already have an existing plans that will cover for unexpected situations like this, and just as you mentioned casino have good bankroll amount that may not be made public but will cover up for players winning even for jackpots.
Some of the old casinos have their bankroll on their site so that visitors can know the exact amount their have in the bank roll, so I don't think worrying about market down or impact it impact on casino ability to pay out client is necessary.

No, it isn't mandatory for the gambling sites to show proof of reserves. It might become mandatory in the future. I don't know about such regulation being imposed over the fiat casinos. New regulations are being imposed over the fiat gambling industry first.
I don't think that most casinos are at a loss because of the crypto winter, because the casinos aren't holding crypto for the long term. They are converting it to fiat. If the crypto casinos were at a loss due to the crypto winter, we should be witnessing a wave of big crypto casinos going bankrupt and turning into exit scams. There's no such thing right now.

There is no need for old casino show their reserve, they have been around for so many years and I don't think that they will wind up any moment unless on the ground of mismanagement or change of ownership

new casinos are the ones that are supposed to show the reseerve but it's not supposed to be compulsory. Only smart ones that are planning to be ahead in business who also are transparent would be comfortable showing their reserves.

there are some crypto casinos that have been around for a long time maybe how many times have they missed crypto crashes too they should have gone bankrupt if their casino was impacted just because of the crypto crashes caused from recent FTX issues floating around, OP doesn't know about the cases of Mtgox, Bitfinex and some Exchange sites that get hacked and crash cryptos, there's nothing to bankrupt a casino on, so there's no need to worry about crypto crashes

They only go bankrupt if they sell their holdings but if they still continue to use it for business operation then there's no losing will happen since they can still get 1:1 ratio per costumers bet used. Successful casino knows how to interact with this since they already how to handle the market and they can still get the same profit for new bets used by costumer so the only thing they need to do is  not to sell their old balances which has been stored on their hot wallets.

OP is right, I saw that most people are saying things like: "I don't care because the casino has been on the market for a long time and they are reliable" but actually what OP is saying is something very serious and he should be implemented by all casinos, for example: if a casino states that it has 20 million dollars in reserve (this money will no longer be included in the casino expenses), that means that people could follow it closely whenever that value oscillate (increase or decrease) and this guarantees that customers will have money to withdraw because the casino's finances are healthy, if for example there is a scam accusation in which someone complains that he is not managing to withdraw 5000$ all people will see that the casino has money to pay so the case is not about the casino not having money to pay, there may be another reason


but you need to start worrying about it, look at the case of 1xBit.com who are scammers, they make selective payments in their casino, but if all casinos had to show how much money they have, maybe we would find that this 1xBit.com casino they are bankrupt, so nobody would be using that casino and there is also something else and if a casino showed that it only has 5 million dollars people would avoid using that casino because they would already know that the casino is really surviving poorly. OP's idea is very good and would solve many problems

but this is the problem  about the dumping market ,  yeah gamblers might spend that amount in bear or bull market but gamblers might not have funds to gamble when the market is down , this is the reality of gambling business mate , if their client are losers in market how could they find  a funds to play?
so there is always the effect in crash gambling market .

So far, I have never heard of casinos having financial problems, correct me if I'm wrong. But the OP seems to want to equate the financial problems of post-market crash exchanges from FTX with casinos. So far I have bet on various casino sites, withdrew the results of the bet and had no problems with it. But the opinions of people here are very diverse and all are free to have an opinion. So transparency of backup evidence from the casino is needed or not, I'm not really worried.

Is it really necessary to indicate where the casino keeps the user's deposit money? In fact gamblers can lose money on games without the casino doing anything with those reserves. And they can also adjust some conditions like max win if they want to maintain liquidity.

The first rule, more than the exchange, the casino is not a place to keep money.

1 BTC equals 1 BTC it won't change unless it's valued in fiat currency, but when people make deposits with their crypto for example 1 BTC and they withdraw BTC it won't affect either even if the value is different, unless the casino makes crypto from their users being fiat I think that will impact also if the crypto market crashes so I think also the casinos that have been around for a long time now know how to deal with crypto crashes because they have certainly been through that before and have survived to this day, moreover, of course, they have held a lot of crypto for a long time when crypto prices were cheap and they kept it in their hot wallets

yes, that's right, the casino would not be a place to keep the money. this is a place to spend your money. but in my opinion, the bottom line is like capital from bookies that maybe should be published. this is like proving that the casino can pay its players when it gets the max win.
I doubt whether this is important or not but I think it will be a great tool to attract players to any casino promotion.

That is right. As long as casinos respect users' balances it will be fine. If a gambler deposits 1 bitcoin, the casino must keep 1 bitcoin on their bankroll respective to that gambler's deposit. In case bitcoin devalued 65%, it affects not only the house, but also the gambler. Everyone lost 65% of their holdings' value, not solely the casino, therefore it's inaccurate to say a gambling company is going to bankrupt for this reason.

What the casino can't do is to receive a deposit in BTC and convert it to Shiba Inu or any other cryptocurrency (and even fiat) right after.

I think that is because casino often updates their website and this includes tightening their security. That is what I observed on some casinos that I visit regularly that they often do a maintenance. It makes sense because casino sites have lots of traffic.

You know the people, they always love to gamble to get entertained and try their luck in hopes of winning money. Hacking can happen but casinos can respond quickly making the hacker caught out and funds will be easily recovered and returned to their rightful owners. There is a thing that you didn't mention and that is scamming. I think this one is more prone but can be easily dodge by checking the review of the casino.

Casinos, like any other business, have expenses. At some point they will need to spend from the coins deposited by their customers to cover the cost of those expenses. Therefore, the market volatility will not be a problem for them only if the profit they make is enough to pay their bills.
Anyway, I believe casinos don't keep all their customers' coins as it is. They surely exchange part of it to fiat.

I think even if there is transparency, if the casino gets to experience financial breakdown or bankruptcy, then it will eventually be forced to close. But this is just rare to happen as most of the casinos have huge financial bankroll reserve, enough to cater even the jackpot winnings of their customers. So even if there is crypto crash, casinos will be able to maintain their high bankroll, without controlling the finances of their gamblers.

I don't actually get your major highlight here, are you suggesting that crypto casinos shouldn't be in operation during market crash just as like the one we are in currently? you will need to understand that casinos are out to make their own business regardless of the current price with bitcoin since you're only paying them for the gambling services rendered and that does not in any way contribute to the volatility with price, and talking about proof of money, I don't know the measure you could take to ascertain this because this can also be manipulated.

Good idea. I do trust the casinos more that have been through bear markets in the past compared to the new ones. This is an awful time to be at new casinos with everything that was caused by the FTX situation.

I never give it a second thought, but perhaps centralized exchanges function differently from casinos. People keep money in centralized exchanges as non-custodian for safety; depending on the level of trust a user has in the exchange, they may keep it there for months or even years. On the contrary, gambling just requires a deposit, play, and withdrawal of winnings.

I'm not sure how casinos truly operate behind the scenes with regulators and their licenses, but if they ever manage to secure the consent of a nation to permit its players to play, they should verify these things but may choose to withhold them from the general public for security concerns. Thus, If a casino fails, it will have little or no effect on the bitcoin price, unlike exchanges.

There is not way they will be running on loses because they have a system that covers tokens and coin into stable coins with little holdings in case there are some customers that will to make some withdrawal either in Bitcoin or in other stable coins. Converting helps casinos not to run into loses because the market can be very volatile without not signal.

You must have misunderstood me, i was talking about the exchange aspect. Casinos don't have such bank runs because people can't just deposit an altcoin and try to withdraw it as something else after they shorted it. And they don't use their own token as collateral like FTX. Users can only withdraw the currency what they deposit. Crash doesn't affect their monetary system as they don't have leveraged trading so they don't need extra usdt for trading.

Also casinos have a trust system in here.
And we are talking about multi million dollar businesses. 5k is nothing to them, if it would be, there wouldn't be much users in there anyway. That's why we are asking for real proof of someone getting scammed. Because withdrawal issues would happen to several people if they would happen. I can't see any sane reason for casino singling one player out for petty $5k and risking their whole business that way.

Indeed, most of the casinos out there would not want to disclose any information about their reserves and I don't think they are required to do so just becuase the market is down.

Also, the more that the casinos has much more reserves and assets to pay off their users winnings the more it's trustworthiness and reputation gets better as no one would like to have any issue with their withdrawal.

maybe he is referring to the new sites , to broadcast their funds before starting a business .

they are truly good site specially those who we are playing but those new one? they are the one in question here.
remember that there are also sites that spending even more than 1-2 bitcoin but a proven scammer.

Even old gambling sites with good reputation are at risk of bankruptcy if owners would be negligent with the casinos fund. If casinos would offer to show theirs with proofs then they are free to do som As other have mentioned, people are worried because of what happened recently. But I think casinos should not be mandated to do so. Those are confidential in the first place. If it is just assurance, casinos should more pushed a waiver or contract between house and players upon registration or after each deposit which will make it balance to both parties if ever something unexpected will happen to their money, depending who's at fault or such.

You are underestimating how much profit the online Crypto casinos are making. Most of the deposits and the bet amounts are also adjusted with the current Crypto price, so they are not even feeling the impact of the crash.

Also, remember that most of the coin balances are only an entry on their internal database... so they can basically hold USDT or some other stable coin... and just convert some of that to their hot wallet, when needed for withdrawals.

They can even convert some of the coins into Fiat currencies... deposit it into a Bank and receive interest on that money. We will never know, what they do with their whole Bankroll.  ::)

FYI, casinos and exchanges are different in operational and since you're talking about casino they are making more money than the rewards if its successful casino which means they should have enough money to pay unless exchanges which usually invest the deposited funds into their other companies and many more.

Casinos may also do the same that is why the reputation and user experience should be in your priority while picking a casino and if they're struggling to pay someone won huge then its a one to avoid.

Do you think the casino who show their bankroll to public are real? it's just a number and the developer can change it whenever they want. Since there's nothing we can able to verify if the casino has such bankroll, it's useless. Except the casino show their hot wallet address and sign a message, we can verify it, but there's no casino will do it since this just wasting their time.

Casino is different with centralized exchange, casino will get more profit since the house edge is big at least 5% and they also charge withdrawal fees.

It is no different than running a casino during the bull run,in fact it is much better to run it at such times when the price of Bitcoin and cryptocurrencies are down so people are not that afraid to spend their cryptocurrencies while in the bull run we have seen less people playing less money because of the value these cryptocurrencies which was great at a bull run.

I don't think verification is something we should be worried regarding their wallet/s as long as they keep paying customers and even huge amounts,also have their ANN thread here full of positive feedback there is nothing to worry about.

The casino did suffer a loss because many gamblers could win so much money that the casino couldn't pay them. But that will not happen if the casino has or can manage its finances properly, so even though market conditions are volatile, the casino will not be affected by anything. It is important that if there are still many gamblers coming to their casino, the casino will surely benefit wherever the market moves. But if gamblers used to playing in their casinos have started to wane, the casinos may slowly lose their profits and start experiencing losses.

And I think that for a casino it's the same, it doesn't matter what period it is, people will always gamble pretty much the same. Take me for example, I deposit $100 and it can be more or fewer coins, and always know my bet in dollars.

Maybe people spend more when prices are low, but every bullish period brings some hype that creates many new millionaires, from new and old projects... and again, in my experience, I like to spend some profit on gambling.

Yet, you also underestimate the amount exchanges make from insider trading! There is nothing a trader can do to outsmart the exchanges because before an announcement is made, they know it before the traders do, they are always market makers ahead of many traders and where did FTX lead us today, they were behind doors using people funds to cover up their tracks and shady background investment they were doing, Alameda was even at a point of been liquidated and FTX helped out with some the funds, hence the reason why they owed big amounts of debts.

What exactly am I saying? Gambling companies can go bankrupt if they risk with players' money, and if they don't have another option, bankruptcy will be declared, leaving players with nothing. It is wiser to cash out your money when the earnings have piled up.

Most the gambling casino nowadays show the current pool they have which gives you an idea of how much money do they hold to prevent getting backup and also that's the reason why don't store your money to the casino if you are not actively playing so you are kept safe with those doubts with your self. Also, it is not mandatory or just optional to them if they want to show up the current funds they have, if you're going to you can check the addresses they have. I guess you come up with the idea because of the exchange ftx.

Casino like Duelbits do convert all crypto currency into fiat value once you deposit any crypto on it. I think they are the type of casino who’s efficiently operating on market crash without any worries for there own holdings since they automatically converts crypto into fiat once it enters on there casino balance.

But some casino is operating since the price of Bitcoin is much lower on the current price which means they are still in profit in case they didn’t convert to to stablecoins last bullrun when the price goes to peak. I think casino  that in total loss on this market crash are those who have less customer to generate profit while there bankroll is losing money because a good casino with huge stable income can neglect the loss on market crash since there holdings keeps increasing due to there profit.

I'm sure each casino's financial bankroll is very large, so it can still be recovered if there is a problem with their finances. Apart from the polemic that is happening right now, maybe some people are just curious about the questions that bother their minds and end up feeling anxious when there is a crypto crash and are afraid that this incident will happen to the casino too.

And another advantage of online casinos as compare to traditional based is that they don't need to have a big bankroll, like those big land base casinos which has billions on funds. And they lost so much money during the pandemic and probably in this financial crises.

As with online casino, not that deep pocket, and yet they keep themselves afloat in crypto crashes, and obviously, volatile might work against or for them in the long run. If the price goes up in the near future and they have a lot of crypto because of the crash then definitely a good profit for them as well. Not just the profit from the gamblers, but from the bull run that will happen to crypto in the future.

I have also doubts with those numbers been provided which it could really be that fake or something lesser on what they do actually hold.No one really knows eventually this is why im not really that someone who

do really believe for some transparency that they do really have those amounts or not.This is why i dont really bother myself on believing on such things considering that it could really be denied out.
This is why the key for this is to stick out into those popular ones, it might not give out that 100% guarantee but at least you are making yourself at least stick on where people been trusting into.
But always put up into your mind that risks is everywhere no matter what platforms or services you are really that been using.This is why you should always watch out
and be sensible on what you are doing.

I might be more interested about new casinos showing their proof of money because they have no reputation. Old and well known casino companies have a name and reputation to protect, therefore they would not want to tarnish their image by withholding or delaying payments. I think most of these renown gambling companies have enough funds and financial backup to carryout their financial obligations effectively.

I would suggest gamblers stick to gambling companies that have built a good reputation in this forum. You can also ensure that you carryout a proper financial checks by all available means before you deal with any casino. But more importantly, don't deposit or keep large amount of money in your casino account/wallet.     

Should be a standard?
It would be that considerable for making such step specially into those who are launching their business in todays year where they should really be showing on how much bankroll they do have which it
could really be that a sufficient proof that they could pay up winners if ever they do make out some big hits.
Its understandable though that these companies would really be setting out max bet limit which it would really be that a standard thing so that they wont really be having problems.
Running a casino on bear market isnt really that much of a difference.You could run if you can, the thing you should mind off is on how to make your site
is better compared to the rest so that you could really hook up players.

If you have been paying attention to crypto casinos in recent years, you'll have noticed a steady trend towards offering both crypto and fiat, as many are now based in perfectly legitimate jurisdictions around places like Europe. In that sense, they have branched and are somewhat shielded from any adverse consequences of crypto falling down. While it is their specialty and some that are less diversified in the payment methods accepted will falter, many of the biggest name casinos and sportbooks in this sector will barely feel a blip. Another factor is that there may still be a wave of people buying in at lower levels who will simply be using crypto as a very short term holding.

On every occasion we always review the effect that a crypto casino has on people, and I realize that many investors prefer to put money in crypto casinos and altcoins that fall in price, because they prefer to risk them playing than waiting for them to rise in price and It also opens the possibility that they can multiply them, here in the forum there are people who bet big and win big, it is a possibility that if they decide to take it, nothing will go wrong if they have a good strategy, when talking about the The authenticity of a casino is when regulations are skipped and that is where countries create their own laws, perhaps that is why fiat and crypto money resonate so much.

I don't think converting deposited coins to stable coins is a good idea unless users balance is going to be in stable coins (if you deposit $100 worth of BTC or any other coin your balance will be $100).
What you suggested may work when the price of the coin fall but what about when it starts increasing! If you deposit $100 worth of bitcoin, the casino convert it into usdt then the next day bitcoin price surges by 10%. I hope you got the point.
However, converting the net profit into stable coins or fiat may be a good idea.

While it is true that new casinos will be more at risk of facing some financial difficulties and as such it is more important for them to do something like this, we must not forget that the reason we are even thinking about asking for information like this is because exchanges which had good reputations are showing with their actions they are not worthy of their reputations, so if at some point casinos begin to do this it would be nice to know that information from casinos with good reputations as well.

It could be a trick that these exchanges have been running, even top tier exchanges might have problems in the future. Binance started a movement, proof of reserves, but I haven't follow if they have proved that they have the money to back it up 1:1 or if other exchanges have follow their lead.

For gambling casinos, if might be different though, we've seen how they know how to protect their investment and their bankroll. So I doubt that they will go bankrupt and that they can't pay their regular or average gambler to whales.

I have managed to Hold some coins in casino for years but the site is established and one of the most popular in this forum so I have no doubt that my funds will not be secure for long.
but that is a perfect advice mate that we should not put our funds inside casino houses for long time because there are also some that will take funds if not being played or deposited for long.

Exactly, they can use it to allure gamblers but I agree with your statement unless they will provide their hot wallets with sign messages, then it won't be change a thing. There are many reasons and we can't force those owners to give their point of views in regard to these matter, the only thing now that you can do is to pick the best place for your gambling.

If you do trust the house, there's nothing that you need to do but to keep that instinct and enjoy.

The casino will collapse along the way if they are not for good business, but those who are aiming to be more successful businesses
they will keep their players satisfied and established a good relationship with the players.

If the casino is already trusted and build a reputation already here in the community there's no.might problem with that but still at the end of the day this is not an ideal practice these kind of habit is only ideal to those players are actively playing so they don't need to commit a deposit and withdraw vice verse but if you use the gambling casino as holding your funds is not recommended and advise.

I hardly can imagine that  casinos show their actual balance. I think the post was inspired by FTX collapse, is it?

gambler will gamble even if the market is bull or bear this is the nature of crypto gambling and I know that there also some gambler that sees this as opportunity to gain more as they sometimes hold their crypto inside gambling site.
that's it , I still don't see why many of us here wanted to maintain their privacy when the moment you gamble online means you wanted to expose yourself from them.

That should be by choice, running  a casino company in the Beer market is not a compulsory act. But it is by choice. And remember bitcoin will still rise again. So you don't have to discourage gamblers in matters like this. Bitcoin has not devalue itself. 1 BTC is still like that but the only thing that has been changed is the exchange with Fiat.

lol bitcoin growth has nothing to do with gambling running in crash because remember that there are lot of coins that is accepted in crypto gambling site nowadays and not just bitcoin.
though the effect might be different but still there are several choices gamblers can use in this matter,
but indeed that it is depend on how they wanted to push either in bear or bull.

Many old and trusted casinos already have the option that shows the max bet when we try to bet a huge amount. This determines that the casino won’t go bankrupt when people bet high. So yes if you are playing in a good and reputed casino, then definitely they gonna warn you before you suck their balance. I don’t know about these newly launched casinos. But yes old casinos like Stake and Bitsler they do have these options to see the max bet you can make. Hope this clears your worries OP.

Exactly, and to add, a casino like stake, from my own personal assumptions can never go bankrupt, (or let me put it in a better way, because I know that in this space, anything is possible) it will be very difficult for a casino like stake.com to go bankrupt due to a user winning a huge amount.
This is because the casino itself is already very big and one of the most reputable out there, and also the measures they have put in place will ensure that a user winning will never cause them to go bankrupt, if a casino like stake ever goes bankrupt, then know that it's not due to user's winnings, but some other problems internally or externally.

So if anyone fears that the casino might not be able to pay their winning if they won big, then just avoid smaller casinos and stick with the big reputable ones.

Accusations are valid if a casino scams it user and no legit casino would do that in the bitcoin space. I am not sure why some existing casino would ruin their own name and company for some petty cash. Also casinos not being able to pay its players might not happen so easily, because there a often cold wallets that have reserve money in needs of emergencies.

Again these are casinos we are talking about, so there is a constant flux of losers who waste their money so the hot wallets keeps getting refilled.

Furthermore, the USD prices of coins have gone down meaning buying more bitcoins per USD is possible, thus making bitcoin or other coins cheap.

Keeping all these things in mind, it would take a lot more to make the casinos go dry.

As long as you're playing with reputable and big casinos with high trust rates, you shouldn't fear that they will experience bankruptcy during the crash. I'm sure that they already know how to deal with every market situation so it isn't a big challenge for them anymore. The possibility of bankruptcy is bigger with small-time casinos with not much experience dealing with the bearish season.

I think I somewhat agree with you, but since the op is talking about the running in a lost due to crash , The old one is much more involved in this because they are the ones that got Bitcoin in their portfolio right from when the crash kick started, So not only that doing this will equally show how sincere the old platforms are but also will make the new ones follow suit and comperate, if not none of them will buy the idea if it becomes only targeted on the new ones.

Yes, it's inspired by the situation that FTX has done. It can be applied to casinos to show how much they've got on bankroll and that's to give the confidence from their users if many of them are demanding to show it rightaway.

There are casinos that have voluntarily shown how much they've got in their bankroll and how much was invested to them by their playing investors. Anyway, it's a bear market brother, not beer.

Come to mind off that there are lots who had able to withstand those previous crypto winter which they are fully aware on how this market behaves which it would really be just normal that they would really be just

continuing on operation since they do know that in every crash, there would be recovery and change of trend.As an owner then you are really that been prepared because
this market is volatile in the first place.You are fully aware that you couldnt really have that fixed revenue if we do talk about fiat value because it would
really be always moving on.

Most businesses don't hold big crypto reserves and the fact that most coins are down 60 or 70% doesn't mean a business has to be down this much.

You don't simply buy at the top and hold for a year, they don't do that. Most casinos were on the market before 2020 and they were starting out buying their first coins for  less than 20k USD. Also, if someone deposits 1 bitcoin and that bitcoin goes down in spot price the casino doesn't care. A client loses 1 bitcoin and another wins 1 bitcoin and the casino just shuffles same money around holding the same reserves they had years ago as backup.

Casinos don't care. They can hold reserves in any coin they want and most of it is usually self-running with players covering other player wins with their losses. From time to time someone wins big and breaks the bank where the reserves kick in, but in such case the casino can delay your withdrawal. I haven't won something like $100k but I imagine you don't get instant withdrawal with that kind of money.


Beer market is the best. It's a popular thing, especially in Germany and Austria.

Other casino especially the small ones which didn't get enough solid community to support them maybe they will fail on current bear market crash. But for  old reputable casino we shouldn't worry about them since eventhough market drop badly they can still cater since people still the same volume and they can still get huge profit for their business operations.

I don't think it is mandatory, but it is good if they want to show proof.
I assume they will explain it if you ask the team.  ;D

Anyway, don't forget that they didn't force us to gamble on their sites, it is our own intention. So, before we decide to gamble on a certain gambling site, we ideally already checked everything related to the safety to gamble there, including the financial management of the gambling site (including their fund reserve). If everything seems secure enough, you can gamble there. But if it looks unsafety, just leave it and choose another gambling site.

Those casinos don't invest in crypto coins, so ideally they convert crypto coins to stable coins or fiats regularly. The team members of the casinos must also know well about crypto, probably they are the people who have a lot of experience in crypto industry. They won't be brave to utilize crypto coins in their casinos if they don't know well crypto coins. So, I'm sure they won't experience a decrease in their fund reserve during the bearish period.

Adding to that, these crypto-casinos, especially the big ones know already how to play with the market regardless of the market trend. Specifically referring to their respective bankroll, I'm sure they are always prepared to accommodate any big withdrawals of their users. Besides, since it's gambling, it just makes sense to think that their revenues are just growing every day even at some point, there will be lots of big withdrawals that will happen.

This is not the first time that crypto has experienced a big crash and most gambling sites are already used for that.

Bitcoin's bottom price today is even considered just a dream price before.

This very situation can be associated with new casinos and I support the fact that a proof of that their holdings as this will go a long way to their  credibility.
The old casinos don't really have to stress over this because they've made it stance and created a niche for themselves already.it isn't actually a necessity for them to show a proof of holding as gambling is already a risky game and one going in should be aware of this before indulging in it.
I really don't think they also invest in crypto coins and I guess their bankroll is always in a rise despite the fact that there might be a big withdrawal along the line but they are always prepared as this isn't the first time crypto is down this bad.

The crash doesn't matter to the crypto casinos. Almost all crypto casinos hold their coin in crypto currencies. If the market crashed, the value of the balance of the users also crash. The casino still holds the same amount of coins, and when the user requests a withdrawal, they still receive the exact amount of their coins. It is only the value that has dropped, but 1 BTC is still 1 BTC. If the casinos convert all the deposits to a stable coin, this will cause an issue for the casino when the market crashes or the price goes up. I think most casinos do show their bankroll. They have mechanisms were you can't win higher than certain percentage to protect the casino from getting wiped.

I guess there is no urgent reason for crypto casinos to do this because things are running smoothly so far, or so it looks like. I have heard of no incident whatsoever involving a crypto casino that has either frozen withdrawals of funds or has admitted insolvency. So I think there is no precedent that would cause gamblers to aggressively call out crypto casino platforms to provide proof of reserves. But will take only one case of withdrawal freezing or bankrupt casino because of insolvency for gamblers to demand this.

How to? by displaying their bankroll amount in one of the tabs on the website? This can be tricked by showing what is not real or by putting the wallet address where they keep the large funds? This also won't be done by casinos because it means they are like opening their identities to the public and can become the target of hackers, or by using third party services? this will increase their cost of business and will affect the house edge and will not be pleasant for players.

Proving their reserves of money is not necessary, because casinos are different from exchanges and events in one sector should not worry about other sectors because all sectors have their own way of working, It's enough to play at a trusted casino, and usually the casinos that are quite well-known on this forum will make an announcement if they want to end their business so that players have time to withdraw their money.

either of what OP wanted still running casino during crash or during growth does not really matter to regular gamblers or those who gambles mostly because they will always find way to bet.
remember that 1 bitcoin is 1 bitcoin so what would be the big effect to the market and to the operation?
the success will be there if they are truthful to their plans and target.

Gambling site is not a bank, nor it is an exchange. Most gamblers, more than 90% of them, deposit on a gambling platform only what they can afford to lose. They are not like "The more money I invest in it, the more profit I will get." Only sick people think that way, only so called "problem gamblers" see gambling as some sort of a business, and, fortunately, there's less than 10% of them among gamblers. So, can it be mandatory for gambling sites to show proof of money to those people, to problem gamblers? I don't think so. Those people need professional medical treatment rather than "proof of money", something that will likely only worsen their condition.

I don't think that regular reports on the financial condition of casinos are relevant today. This information can only be useful for regulators and the IRS. For an ordinary user it does not give any guarantees, because funds can be moved in a few hours, and in cryptocurrencies in a few minutes. That is why I think that all this does not bring any benefit to the average user, but it gives competitors quite serious leverage.

Maybe some casinos admit to going bankrupt but we only hear about it now because there are so many casinos out there that we don't know about.
If we can pay close attention to what is happening at the casino, we might find out whether the casino is starting to go bankrupt or is still able to run its business well.
If there is a problem with freezing withdrawals for a while, it doesn't mean that the casino is going bankrupt but because it is undergoing an overhaul of its system.
But if one or two people have their accounts frozen, maybe it's because there is suspicion from the casino that they need to investigate the account.

OP might be worried that in case of his big winnings, his withdrawal won't be accommodated.

Kidding aside, maybe it was because and related to the FTX drama.

However, we can't apply the situation to gambling sites at some point. That's why as always if it's about putting up "trust" and concern about their financial status regardless of the trend, then just play with those big sites that now reached being reputable sites as likely, bankruptcy won't likely happen or in such a situation that it really happened, the site should be supposed to have a good exit scam.

Any business can go bankrupt and no one is immune from this and all procedures are provided for bankruptcy in the law. If you are afraid of losing money in a casino, just gamble with your friends. Otherwise, take all possible risks on yourself. As I said before the provision of financial statements to prevent bankruptcy of the company will not help because it is a business affected by world problems and if tomorrow starts World War III nobody needs these reports, as well as the money in the casino accounts.

We need transparency during this situation to have an assurance that our funds will still be safe and the casino will be able to pay their players accordingly but I don't think they could easily provide financial statements that easily.
If that's the case, it will be bettee if we'll look for a more reliable casino site in which we'll have a better assurance that it would have a stronger foundation against the bearish season.

They wouldn't provide it, that thing could even be used against them if someone tries to put pressure on them.

That's a sensitive document that they won't let someone see it. Even you're an avid customer of them, they just can't unless in some cases they'll allow it and you're one of their most loyal and biggest gambler that has wagered a lot to them.

This is what everyone can do. Look for one that you trust whether they will show you records and reports or not.

Op really need to so do small research on this so that he can understand how all these works. Have we ever thought how campaign managers pay there participants especially when the crypto market falls and they are holding large amount of the campaign fund in there possession. They normally convert the fund to a stable coin most time so that the fluctuation of Bitcoin will not have any effect on the value of the fund. This is done most time to protect the value of the fund especially when the crypto market is not stable.

There's no exemption to that and there would really be those situations where a business could potentially be bankrupt and it would really be depending on different angles or scenarios on which a business could potentially experienced upon.Running a casino during a crypto crash wont really be that much of an issue as long there are people who would be playing or staying up on your site.
We've seen on that pandemic situation where there are lots who had been still able to survive.Same goes on bearish market since these platforms could still earn or make money.
They might be losing up fiat value on their revenue but it wont really be that much of an issue since they could still opt on holding their assets or coins.

That is true for some but I think there are some who bets more than what they can afford because this is gambling man and it is addicting or someone will get annoyed when they lose so they will try to deposit again in the hopes of recovery. Also there are gambling sites that can work like a bank or an exchange where they allow gamblers to invest money on them.

If you are a gambler whose aim is to make profit, you believe that the more capital you have the more your chances of winning because you can be able to spin more and there are cases where big multipliers came out the longer you play the game. This is why showing proof of money is necessary.

Play on the casino that you truly trust, even they are not showing their bankroll but they are facilitating it right and you don't see major problem in terms of withdrawals, there are many established casino sites that you can choose around, they are not showing their funds but they don't have complaints that really affects the business.

Though complaints are always presents from every side, but as long as the site is good at working on it and try to address the problem, gamblers will keep coming back and play.

Probably the big question is that, we do have whales here that they might see issue with the casino that they are playing because they are not showing proof of reserves.

I'm not ordinary gambler, not risking huge amount of money and so I was paid by casino's that I played instantly. But if we hear the thoughts of whales, who's betting 5,6 or even 7,8 figures, they might fine it hard and probably asked questions about the casino that they are playing. But this is just my thoughts. And so it all boils down as whether you trust your favorite casinos or not.

Yeah, there's no need to demand such information when they're doing a pretty solid job with their casino. Like with the customer service that you don't use at most times because they're not giving you an headache to contact them.

Every transaction that you do is smooth and there's no need to contact them whenever you're withdrawing your money from them. That's what we're talking about to gamble and play with the casino that you're satisfied with.

They may have nothing to show you about this specific record but they never fail to provide the best experience that you may get to them.

Man, what the fuck you really think about 'em sites? I mean, what's prompted you to say this? Because FTX lost their strength and went bankrupt? So you're accrediting the same mis-hap to casinos? If not, what exactly inspired you on that? Hmmm
Do you really expect casinos to give records on how they managed their resources? Just so you'd be convinced that they're not gonna fold up?... You're pretty sentimental because you think that the reduction of their assert value in crypto is really gonna affect them drastically and they'll never be able to cope, at some point? Lemme make you understand something real; all this casinos have this "risk management strategy", that could help minimize losses.... So I'm not really seeing them fold up.

Sandra 💇

And when we play with a lot of money, of course, we already know that the casino where we play has a lot of money so they won't have problems with their funds. And suppose market conditions are still like today. In that case, casinos can still operate, especially casinos that are already well-known, because they will be able to use the opportunity to attract gamblers, regardless of market conditions. Whales who often play in big casinos must also be able to calculate when they have to leave the casino and move to another casino because I'm sure whales must have another favorite casino as a place to play gambling.

It depends on which pair the gambler is considering to use the money. If the gambler wants to play with $100 at current price it would cost him around 0.006 BTC.
If the gambler wants to play with $100 at ATH price of $69k then it would just cost him around 0.00144 BTC.
So it all depends on whether he is considering BTC pair or USD pair when it comes to gambling.

It seems to me that today you will not find a single online casino that would provide financial reports to their users, and not every casino will agree to do it for security reasons. Of course you can demand it from the casino but not the fact that they will do it.

As far as I know Vitalik Buterin proposed recently to develop mechanisms that would be able to confirm the financial component without the need to publish addresses where the funds are stored.  

That counts, there are whales who also have that same sentiment but again it will ends up with how they trust the site that they are using for their gambling activities, most of the time those heavy gamers are stuck with the site that they choose to play, some might like the platforms or the perks that they are getting while others are trully trusting the site no matter what.


As long as transactions are being done the same way it was, then there's nothing to worry about not showing the entire bankroll, casino owners have that option whether to go this far in showing what they've got or they will reserve it and let the business run without any hesitations in providing the gamblers withdrawal attempts in every legal way.

Casinos will definitely have their own significant amount of bankroll value, otherwise they cannot stand alone and continue to operate because of lack of funds. But knowing the house will always win, then it’s impossible to see casinos losing their high amount of bankroll value. Even if the market is in a crash, I don’t think that will affect the casinos because as what I have noticed, gamblers never stop playing and they still bet with good amount.

I think that cryptocurrency casinos don't keep all funds in volatile cryptocurrencies like Bitcoin or Ethereum. They keep some of the funds in Stablecoins, because some users only use them.

So what happens when one or several users who play only with stabelcoins win big money? The possibility still exists that the casino will be left without stabelcoins, so it might be necessary to convert the Bitcoin or Ethereum into stabelcoins.

Therefore, the ups and downs of the cryptocurrency market affect cryptocurrency casinos.

Most Casino does not reveal who their owner is, what more their financial statement.  I think we need a court order in order for a casino to show us their financial statement and proof of fund but I believe it will need a good reason for the court to grant our wishes.


This is quite interesting, somehow I am curious to see how this plan works and if the company will adopt this plan in order for the public to know their financial capability.  As much as I like the idea I believe only a few followers of Butering will adopt this plan.


That should be, Casino must have a reserved fund to support the withrawals of their players especially the big one, but sadly not all casino has the reserve to process high withdrawal.  If we look around the forum, we can encounter several cases where the casino failed to give the amount withdrawn by the player due to lack of funds.

It is tantamount to forcing regulation for the casino. Casino is basically a game, it's up to us to take it or leave it.
After all, they don't need to show how much total funds they hold just for proof. Just give confidence to users that they can be trusted by being able to pay if the user wins.

There is always a calculated risk in any business,  in business, it is not always one makes profit,  just that when the business is bankrupt, it would be very difficult for them to pay workers so in that period many business owners sack workers to reduce the payout.

And allso showing proof of money (probably their profit) is an individual business (affair), not mandatory. The bear market affect all bitcoin so converting to stablecoin does not change anything, but only reduce the fear of losing further.

You seem to have a point here in what you said dude, because of my understanding I think to make the funds of the casinos safe due to the high volatility the casino owners replace the majority of their crypto assets with stablecoin, but it seems wrong. the one that became an assessment because of what you said.

What you said is quite realistic. Since the crypto gamblers here may know that we are in a bear market, most people prefer to gamble with stablecoin, you are right on this point. Maybe even if someone gambles with cryptocurrency, they are very unlikely.

There may be casinos that are kind enough to show the total funds they have so that it won't cause concern for the players playing on their site. But it will be up to the casino as they have their own policies on this. I think as long as the casino can be trusted and is one of the recommended casinos and can provide the best service for its users, the users will not ask for the total funds they have because they can find comfort in playing gambling and withdrawing the winnings. This may be related to the trust and comfort factor that users can obtain so it is optional to ask.

I understand your fear especially with the news of a relatively unrelated firm going under the river after not being able to pay their consumers. I believe most reputable casinos offer such a feature that allows the consumers and players to see their reserve liquid cash to give a sense of relief. I believe it is paramount that people are given proper expectations in matters like this as this is one of if not the prime factor that could make or break a casino. Whether they keep it in crypto or in fiat for a much stable market condition, it is important that they give the consumers the liberty to produce a way where these could easily be reflected.

I always just use reputable ones, especially those who can afford to advertise their names in big games like UFC, Boxing, and basketball.
That means they really have the money.
I know this is about FTX's sudden bankruptcy, although they can do what I said above, they still cannot handle the market and the security.
But that's an exchange and it's their fault for not being careful.
IMO, it's way different in a gambling site. Even if there's a large competition now, there will always be gamblers and the house always have the upper hand which means they have tons of money in reserves.

I agree, for an instance I keep some of my belongings in usdt/usdc because of the bear market we are having, just like in gambling I think most people uses usdt/busd/usdc nowadays in some gambling site because i think they more prefer to use these coins and save bitcoin or eth and wait for the pump. They can lose more money if they will use btc/eth in gambling wherein it is better to hoard more .So i think casinos alreay converted some money into stable coins.

I may agree to this to a certain level because bitcoin is volatile of which they know that but also that same reason may be why they may use the bitcoin as their major currency they store their asset with because when we talk about volatile, it can rise and fall, meanwhile casinos are in for business while they they generate their income from many source aside their holdings with bitcoin, the casino itself is another means they generate from, but they will consider the profitability in it to invest on a long term on bitcoin than stablecoin which they may not earn anything from their holdings at the end, they are gambling casino so they should be able to take upto that risk with a reliable coin like bitcoin.


Most casinos pay in USD worth amount of bitcoin then you hqve the option to covert it to any coin right from their site when making withdrawal, as a matter of fact i don't see USDT common in one of the available options to have your crypto casino coins in but you can actually do that conversion by yourself atimes off their site.

No its not mandatory! And why should they have to show proof when they always payout, besides these guys always put a max payout to ensure they have the funds to give the player if a big win is recorded.

Regardless of market crash or not, the house never loses, it might lose on fiat value but I think most convert these coins into fiat value to reduce the impact of a bearish market.

It's been over 10 years already and these casinos and sportsbooks are paying out thousands of dollars week in week out and such accusations haven't presented themselves, no need to fear, win that money and if they dont pay let the world know... Good luck.

When the market was in dump, only the new people will start to hold in exchange and the gambling sites. But the experienced gamblers will start to hold their funds in the exchanges and use the gambling crypto currency to increase by their experience. But it was big risk in it. If they don’t feel themselves as the experienced person, as then they don’t take this risk. The good was to earning is gambling and Crypto currency trading. Nearly 70 percentage of the people will not use their money in the gambling sites. Running casino is crash will increase the users in to the casino sites.

Storing cryptocurrencies on a centralized exchange is very dangerous. There are already several examples when people lost all their money stored on exchanges and by the way they still can't get it back. A smart person keeps their money in a hardware or cold wallet.

The very first thing a beginner should learn before investing in cryptocurrencies or gambling in a cryptocurrency casino is " not your keys, not your money. "

I agree that this should be one of the very first things that people should learn, as what could be more important than to learn to secure our coins? And yet we see over and over again that most people do not really care about something so simple, as they believe they can leave their coins at exchanges thinking they will do a better job at protecting their coins, only for this belief to be proven false again and again as we have seen many exchanges disappear over the years.

Online casinos don't have the right to show users how much they have in reserves, the only red flag about online casinos is not paying after winning, this is why you have to use a well-rated gambling platform.

Gambling platforms are not like crypto exchanges where users store their funds for trading, they are very different from the one another.

Well do you think that gambling casino's will agree to this and be willing to show their bank balance? I guess most of them won't agree to this but as an gambler, you can still keep yourself safe by not depositing extra money in the casino. Also, after every win or a major win, withdraw your profits out of the casino and keep on the minimum amount in the gambling casino.

Many people do not withdraw money from casinos on a regular basis because they think that it will cost them a withdrawal fee. So it's basically a trade off, you either safe your withdrawal fee or save your whole fund at expense of a little withdrawal fee. The choice is yours.

maybe it would be more interesting if there was an exchange feature in the casino so gamblers who might be worried about the value I think it's a good idea although I've seen some casinos provide that feature to make it easier for gamblers to exchange BTC into fiat when the value of bitcoin drops or other crypto available in the casino

If the casino doesn't pay the players after they get the winnings, we must complain to the support service so they can settle their obligations.
And if they don't pay us either, we can complain to the authorities and spread the news on social media so that more people will know about it and can prevent them from playing in that casino.
But I think the gambling platform will also have a reserve fund that will be used to pay the winners and if their balance is low, they can use that reserve fund.
So the operation of a casino will not always be related to the state of the market because casinos and exchanges are different.

Fixed costs vs a lower value crypto would be the main issue I imagine being a problem for primarily the smaller newer sites because some costs will be in FIAT currencies and not an adjustable cost.   Otherwise the main burden of a lower value to BTC or most crypto used is borne by the players themselves but also the gain in any recovery to value of deposits held.   I never took stable coins as working out long term personally, thats another risk to add on I dont really prefer.  Just dont store more then you need near term is my preferred stance.

Holding coins in exchanges and gambling sites is not recommended, especially in the long term because we don't know the risks. It would be better if they could hold it in another wallet to control themselves. Experienced gamblers will choose to store their coins in other wallets instead of using an exchange or gambling site, even if it is a popular exchange and gambling site because once it is there, they will not be able to control it unless they log into their account. When the market crashes, people will give up gambling and focus on recovering losses or just walk away from it all.

If possible, that proposal may work as there are many gamblers who feel fear when the market is crashing, if casino can give in-house exchange that helps those gamblers to exchange right away the fund that they have, either convert to fiat or to another crypto coin that
they think will be more solid.

Though not all are capable for that, casino are also trying to survive with the current market, they are trying to make sure that they
are ready to whatever happens that may trigger the business.

It seems to me that such a feature is never going to be as popular as gamblers may like it, after all if a casino was big enough and began to do this then they will expose themselves to all kind of risks and they will have to manage their casino more like an exchange than a casino, and as we have seen if there is a bad management then an exchange can collapse within days, so while this will be very convenient I doubt there are too many casinos that would like to take that risk.

In what currency does the casino payouts you when you win?
It gives you the same currency in which you have placed the bet. So why do they need to worry about how much the price of bitcoin has decreased?

Exactly,
exchanges need traders and as we know the number of traders decreases in a bear market. Because of this, their revenue decreases and they have to stop providing services.

Casinos, however, have a different business model. It doesn't matter to them what the market conditions are because the gambler doesn't care because for many people it is an entertainment purpose.


Even if we put the FTX exchange aside for a second, there are many other exchanges that have died this year who didn't get much media attention as these were small exchangers.

It is normal that any casino will not implement it.Nowadays cyberattacks are on the mood and this exposes the casino to more unnecessary risks which can bring a lot of loss if hacked or something bad happens.Even if this does not happen the casino will pay up more for people to keep it secure.

I think it is a user responsibility to withdraw the funds from the casino when he is seeing that the market is crashing and he does not want to use his crypto in the casino at that time because it is a lower value and while you keep the money in the casino the temptation to play is always high.

So it will depend on how the casino can manage the business properly so that no problems occur later.
The existence of an exchange feature in the casino can provide comfort for gamblers who can exchange their coins for other coins.
This is also useful for lowering the transaction costs of certain coins so that gamblers can receive more amounts.
The exchange feature is just a facility provided by the casino and of course, if many members enjoy it, they will feel good in the casino playing gambling.

I agree with your last statement, while seeing that you still have a good amount of balance in your wallet you will be tempted to continue playing, it's better to move your money especially during the crashed as you can convert it to usdt or to any alternative coin that you like, it will be on the gambler side if they will move the money or if they will continue to try some luck and who knows if they can win more while the value of crypto is still down.

And to follow you with cyberattack, casino will not allow anyone to harm the business though there are crash that ongoing, but the business will continue, especially if they already have good numbers of active patrons.

The difference is the fee that the casino will charge its users and every gambler who is in the casino and wants to use the conversion feature must agree to the rules.
And so far, if the casino has this feature, gamblers who want to use the feature have no problem with the difference in costs in that casino.
Gamblers who use this feature convert their coins to other coins and do not reduce the number of coins they will get too much.
This also provides convenience to gamblers as they can convert to any coin they want and reduce transaction costs.

This is a horrible approach to gambling, and I would advise strongly against it. Although it is true that the higher your bets, the more you can win, we shouldn't forget that we are always a bit more likely to lose. That is why we should never risk more than we can afford to lose, no matter how big our imaginary potential rewards can be.

As for the "showing proof of money", I think only governmental regulators can say if that "proof" is really a proof. Regular folks like us can be easily fooled.

Casinos that are oldest may be facing, not a lot, but some sort of losses due to crypto crash and I'm saying this as casinos just don't keep the deposits as it is as they also need to pay for the withdrawals that take place on their platform. So it really doesn't make sense on suspecting casinos about whether they are on a loss or still making profits. What happened at FTX was a different story, but it'd be really stupid to ask a casino to show what do they hold, because except USDT and other stablecoins, any crypto that a casino holds does not have a fixed price and something that's variable in value will definitely make them look in deeper losses even though they are in profits. No casino would put out their balance sheet in front of you just because you are demanding it, you'll either need some serious accusation or strong evidence against the casino whether they're involved in any foul play or money laundering activities.

I doubt they'd have that much leeway for their customers, although I guess some of them may have features like that, but they really have no obligation of every showing us how much money they got in the reserve because it's not something that gamblers are actively looking for, especially for reputable gambling sites like you mentioned. I don't think they'd have that much trouble over the market crashing. I mean apart from their cryptocurrency holdings they shouldn't lose money in the process because rain or shine gamblers will come in and bet on their site. And even if it were the case I don't see the point of ever digging into whether a gambling site you frequent is still making money, breaking even, or on the verge of bankruptcy.

I don't think that a crypto crash should have any effect on gambling  ???
People who gamble either gamble to have fun or they want to earn some quick money. So even if the bitcoin price is dumping, people will keep on gambling.

I think trading has a direct effect if the bitcoin price is pumping or dumping, as in the case of a bitcoin dump, people may refrain from trading but gambling should not have any link with the bitcoin price.

That's my point of view as well, that if someone is ought to gamble (or I should describe it as addicted towards gambling), he/she won't give a damn about whether the website is doing good in terms of making profits or not because we don't go there to lose our money and make them money and profits, but we go there to win something extra out of our money, or simply lose everything that we took there. It's not worth it to poke our nose inside a casino's financials because it won't be an easy task for them to show up almost each and everything to a gambler, after all it's a gambling website. We may ask a newer website to show such things to gain trust (just because people here are giving it too much importance), but it shouldn't be necessary for each and every gambling website out there. It seems the world has become official agents of FBI who are trying to scrutinize almost every single thing out there just because they lost money on the FTX dilemma.

I think that you are right, and secondly cryptocurrency is different from gambling, people who trade or invest in Bitcoin for long time is different from people who gamble. But in some extent i believe that why some people are contemplating in such way is because they taught that most of the gamblling platforms do make cryptocurrency and mostly Bitcoin necessary for investment, and another thing is that some of get the funds use in gambling for Bitcoin, and they reason that if bitcoin Fails or crashed it will affect gambling

Well, the case of Vitalik Buterin is quite controversial. I understand that everything he has done is to have a more centralized control, that is why my ETH and my casino do not like it.

Regarding the financial situation, I think that no casino is in a position to give it at the request of someone, I think that a user has to be clear about that, the only thing they can give them is the regulatory agents, including governments under which they have jurisdiction , that is something that they do have to account for.

I understand that the licenses are given more than anything by the regulatory agents.

Crypto is still related to gambling, as some online casinos use crypto payment methods. Still, gambling and investing are different because gambling is for fun and entertainment only, and there is always a high chance that you will lose; unlike investing, as long as you know of it, you can earn profit from it. Though you can also hear that others do gamble while trading, it was a huge mistake because you are just relying on luck and no strategy at all

OP is talking about owning a casino in times of falling cryptocurrency prices, if you look at the following situation: a person X decided to run a casino, he manages to have 10 workers that those 10 workers he needs to pay 2000$ each of salary at the end of the month, then a customer appears at the casino and deposits 1 BTC which for the price of BTC would be at $ 20,000, this customer loses 1 BTC at the casino, so the casino owner takes 1 BTC and converts it to be able to pay the salary of 10 casino employees, 1 BTC with a price of 20,000$ will be enough to pay 10 employees, but 1 month later the price of bitcoin drops to 15000$ and 1 customer appears and deposits 1 BTC and loses, the owner of the casino will not being able to pay salary with 1 BTC, you will have to spend more bitcoins to pay salary, and the casino also has operating costs

Maybe that would be case both costumer and casino owner will lose a value of each holdings but for sure this will not create any huge damage to them as long as there are new deposit will come to their casino since they can still cover up all the cost of operation including the salary of their workers. Maybe this could hurt the small casino which is  slowly dying since this could hurt their operation especially if their  deposit output is so small for sure they cannot sustain their operations for that reasons.

there are so much problem but the thing is how they will handle the event and the clients cases.
but how can this be needed? to exchange coin from other coin when it is already available or accepted as bet?

well that would be helpful about the transaction fees if there is a badly need.

I believe that nothing would really make you stand out just because we are in the crash and you provided something. If you are a good casino during the bull period you will be a good one during bear, if you like doing something during bear then you will like it during bull.

A good casino packed with people will be a good casino packed with people in any cases. Sure during bear there will be less, but if it was more than other casinos during bull, it will be more than other casinos during bear as well. I personally like the situation we are in right now, it means if we make any money from the promotions or anything, it will be bigger when bitcoin price grows.

As you can see in recent years, even large companies are cutting employees and it is quite normal practice, which helps companies not to go bankrupt.

Online casinos accept not only Bitcoin, so the casino owner can pay the workers from the income he gets from the players who use Stablecoins to play.

Definitely the volatility of cryptocurrencies and all sorts of market manipulation affect casino profitability, so I think the casino bank should diversify from time to time.   

Many people loss their job due to recession, this force the people to find the online games. This is only reason of people to get into crypto currency trading as their real time business. But crypto is not a good for the real time trading due to market crush. Parallel doing of crypto casino will help some benefits. Additional income is the extreme reason for this. But learning strategy also important one. Learning make you to win for the longer one as compared to short run without the experience. This only make you to win for the shorter period and that too by the luck. Luck based will not works all the time.

gamblers will play no matter what the season is, bull or bear. this is why casinos especially online sites are surviving. but that is, if the management knows how to handle their business countering any type of crisis. they should know how to sustain the interest of their players by offering some rewards or bonuses or even run contests. if you are not ready enough for this kind of business, you will easily go bankrupt and just wasting your resources. so setting-up may be easy but maintaining day to day operations is another thing.

It is very difficult to execute something like this, although I am one of the players who thinks that if you have many coins that have lost their value a lot and some players choose to bet them in the casinos if they are available or not, one of the reasons is that they are not tradable. in short and there is no way that they can multiply them, unless it is on a gaming platform, I think that the casinos that can implement this type of thing 'so that those coins or altcoins that are somewhat popular and that many people have and want to leave of them instead of selling them they can risk them, I think it is an option that should be managed.

Yes, casino owners are aware and they will provide it to make sure that the client/gambler will continue to keep coming back, in the side of those gamblers, I agree that whatever season it is, they will continue to play and will bring money inside casino as long as they are enjoying or for some/many they are already addicted and no longer capable of controling their engagement with the casino.

Setting up is easy but like what you said, there are lots of factors to consider to maintain and to make sure that gamblers will continue to use the platform.

I believe their bankroll amount should be more privatized, instead of letting it show to the public. And if we are seeing that in public, I don’t see it as reliable either as it could be somewhat an estimation. And if the casinos are reputable enough, then there’s no reason to prove it more to the public. These casinos will always be standing strong as long as gamblers will continue to trust them and put their money on these casinos.

besides, it depends on the casino if they will disclose their bankroll to the public or not. some are showing what they have in vault to increase the confidence of the players. because if they see good amount of money, they are relatively at peace that they will get their withdrawal. however, for some new casinos that i've seen here, some users are requesting about their bankroll especially if they are claiming that they can afford tp offer huge amount of winnings.

Disclosing or not into the public, it cant still assure if the casino would last long or not.It would always falls or boils down on the demand because if they do only have that sufficient bankroll but people do gets interested
then it would surely be lasting until they would be establishing themselves compared into those who do have huge bankroll but cant able to get that attention or demand then it would be purely useless.
But we cant really deny that a casino showing off their bankroll would really be having that kind of transparency which does give out that good vibe but as i said
it wont really be pertaining about assurance yet everything could really happen next in line.

During a recession many people lost their jobs I can attest or agree for that but why some people are not feeling bad towards that is because of introduction of cryptocurrency cryptocurrency being bitcoin have reduced the rent of unemployment and the border to people especially trading in Bitcoin so right now I consider trading as part of employment that use of our days engage their self in order to make finance

True, and I do not think that casino will disclose their funds in public unless ordered by the court.  Has anyone heard of casinos disclosing their funds in public?  Even the government's own casinos do not do that.  That includes land-based Casinos and Online casinos.  As long as these casinos are following the regulation, they don't need to disclose their fund reserve.  So I can say if you win a huge amount from gambling it is still a gamble if you are able to withdraw them without any issue.  I hope the government has a clearer regulation and must require casino to publish their fund reserve in order to verfiy if they have the capability to pay the winners.

You'd be surprised - there are much more accusations that come when Bitcoin is on an upwards trajectory and people lose money. When it is on a downwards trajectory there will still be sore losers but there is less incentive because their money has actually depreciated since they lost it. Either way, these sort of casinos are able to weather the storm quite well regardless as the regular betting players that they have are often converting from fiat or have another source of cryptocurrency that funds their gambling. These casinos or sportbooks will often have a float balance which can cover most player bets, but they will often cash out beyond that point as they have bills to pay and profits to take.

I did not fully understand what you mean by that I know that sun casino platforms does not the mind all the ways to fall some coins that is not valuable in the market but the way I'm seeing it as soon as now it's not welcoming the call in like they know that I have early to value but being outgoing or I should come so I thought that I will try to understand your point in this particular emphasis you are making

I think we should be heading to another recession by now since things are getting expensive everyday. The market looks some how going dip but what we can do now is to hold on to how we gamble and earn from the crypto market since the the market is not that convincing. I will prefer us to be very awaken and go for what we want so that we can be able to get whatsoever we wants.

This time around in the best time someone can buy bitcoin and hold it for Long stay for long periods, I believe that the market is going down day by day and many people is afraid of holding their Bitcoin because of what they are experiencing in the market right now, so the best option option to do is for you as investor of cryptocurrency to hold whatever coin that you are having in your portfolio and especially those coins that have a potential not shitcoins and potential coins like Bitcoin

Everything you say is very true, also what you say at first is very true, I do not think that depositing money in a casino can be seen as an investment, it is obviously the money that we are willing to lose, it is much more likely to lose it than win it, that is something that no one can deny, we are fighting against the advantage that the casino has plus the advantage that the game has, which is a system that is difficult to win, only touches of luck is what can be taken advantage of, this is what We must be very careful in Ceuna, where there are platforms with few investment options, perhaps with those that have tokens, but that is an investment that is made in the very, very long term.

Deposit we've made on Casinos can't be connected with investment. When you gamble you have the chance to win/loss whereas with investment you'll experience good return/loss, but it is possible to recover the capital if the user have got the ability to hold. The same isn't possible with gambling.

Lost is lost, and we need to make further deposit which is quite risky. Luck plays major part with gambling as well as with investment. So, when we find ourselves lucky it is good to make use of the opportunity and try to make an exit for that time period.

The money we deposit on casino is the money we intend to lose but I don't know for what other think about it since maybe some newbie think that this is investment money where they can multiply their asset and which is bad mindset since in gambling we all know that this is pure luck especially if we are dealing in luck based games.

As far as reading back where the topic of deposit can be considered as an investment started, I think that's not what the whole thing is all about. I didn't read somewhere that someone considered depositing money in a casino as an investment in the first place, are there really people who will think that?

Although targeting profits, it's obvious that deposits we made in casinos can't act in the same way as we put money on the usual investment.

If someone thinks that way, they need to be put on a serious learning.

If it's crypto casino, betting and payouts would happen in that crypto itself, so I don't see how market price of cryptos would affect in anyway.

They are wrong if they think it is investment money that they can use to multiply that money because it is not an investment. What's called an investment is they have to use a certain amount of money, not use it for anything, and only save it for a few years. Later after several years have passed, they will see how much the value of the investment they made a few years ago. And so far, it's bitcoin that can be a suitable investment for them. But in gambling, we have the opportunity to lose, even though we can also win, but it won't be as much as if we lose.

There are people who are still playing games at the casino. They might win or lose. But in the meantime, the casino is making money. As long as people are connected to the system, then they will not go out of business.
This is just how business works. They lose on one side and gain profit from the other side.

Come to mind off that they do even survive into that 2 year pandemic situation which they might have closed their doors into those physical casinos but eventually came back when everything is gradually turning into
normal which does simply imply that there's really a solid demand when it comes to gambling and same goes for online casinos as well on which they are the ones who had made out so much revenue into those pandemic
years which people do make out some switch up from physical to online due to some health protocols which do really give out that kind of advantage over into those physical ones.
As long there's a demand or simply those gamblers who do want to play then this industry cant really die.

If the gambler only holds BTC in a gambling account without using it to gamble then it includes investment, but it is recommended that each investment is managed in a personal wallet and does not trust investments in gambling accounts even centralized exchanges, for gambling you must determine the lowest allocation of funds for gambling because gambling is not chasing profit but for entertainment in spare time, if you lose then you don't have bad impact on your BTC investment in personal wallet.

Only dumb people would really be making those platforms to be served as their main investment wallet, it doesnt really make any sense for those kind of action considering that you dont possess or own the keys of such
wallet which on the time that these sites or platforms had closed their doors or become scam then you wont really be having a chance if we do speak about recovery.This is something you should really be avoiding.
In talks about running a casino on a crypto crash then it wont really be that much of an issue since casinos could easily adapt since they could really gain the same amount of coins basing up on fiat value on the
time that those gamblers having those gambling sessions or activities.On the time that the market would really be having some bull run or recovery then they do even earn more with that.

^That is why crypto gambling casinos keep coming, we saw a lot of them come up here to have a business without worrying about the market condition because they know that working towards their business is also profitable. Crypto gambling owners also study the market condition, they know if the price will pump up they also make a big profit. That depends on them, I have heard that if you will deposit a non-stable coin will directly covert it into a stable coin or fiat, the BTC in the dashboard or wallet on a gambling casino is not true and that is why when we withdraw the fund it takes longer because that crypto did not come from their own wallet.

We've seen that during the pandemic crisis, most casinos have been affected and they can't operate. But we also saw that online casinos did very well and they've proven to be pandemic proof.
It's just a matter on how these businesses will upgrade their operations so, if there are casinos that are focused on being a land based, they've seen how a huge impact will affect their business like being in a pandemic or epidemic on that specific area. But the gambling market won't be stopped even if the markets are crashing, there will still be sure customers.

Indeed, it is an investment, but it is not a good investment because we do not know how long the casino will operate and whether the casino can maintain the accounts of each of its members. It's better to manage the investment in a personal wallet because all the assets will be in our control, and we are fully responsible for all the assets. As for gambling, we should have a special budget for gambling so it won't interfere with the allocation of funds in other places, and we can control our monthly expenses. Thus, we can enjoy every piece of money we have while we prepare for our future by investing in bitcoin.

I think one of the best things to do right now is to buy as much bitcoin as you can and keep it, not only as an investment but also those who like to play a lot in casinos can afford to have a very good balance. to enjoy every day, this is something that not all people in the world can do, some are the ones who enjoy this privilege, and in general they are the most millionaires, but when the money is left in investment for now and Bought everything in BItcoin you are making the best investment of your life, this market cap some may see as the worst thing that could have happened to them, but others see it as a great opportunity.

the key is management control, if what is expected to multiply the investment on gambling sites must be assuming not to overdo it, mistakes often occur here money can be lost. and for example, every time we get a small or big win, we must keep it in our personal wallet, not on a gambling site. there is nothing wrong with people investing in gambling sites. the key is only ourselves each discipline

Isn't it obvious that buying bitcoin as much as we can is the best thing to do? But the problem is, do everyone is capable of doing that?

Sounds easy to say but hard to do in reality. Regardless of the trend, we really know what to do but executing those is really hard.

And did I hear it right? One of the reasons to keep bitcoin is to be able to play lots in casinos? I don't get what you are trying to imply there. I got misled.

You're right with such suggested and it's a good idea to tie down money in buying Bitcoin and hold, this is very good and of big advantage because one is buying already now that it is dip, at a particular time when things begins to surges then there may comes in with a decision to use that asset invested to gamble and thereby the gambler will not loose all either he wins or lost his bet since he has invested in an already profitable asset like Bitcoin, but I don't know how the casinos can also make good money in times of inflation than doing the same pattern.

If anyone is/will be trying to operate a casino without enough investment, they will go bankruptcy for sure. But if they start with enough fund, I'm pretty sure they will be able to survive in bear market too. As we know a few reputed casinos are here for a quite long time and I'm pretty much sure they will be here for the next decade as well.
Well managed & organized casino of course have their strategy to survive such situation. Regardless, why do you concern a lot? I guess no one would put a lot of fund in casino nor in any custody.

Just continuing their usual operation obviously. Enhancing and improving the marketing side in order attract more users.

Whatever the trend, be it worst or very worst, there are still people that will gamble no matter what.

This is now the task of casinos, to continue attracting these people that still gamble regardless of the economic situation and market trend. If the said casinos are able to gather more loyal users to their sites, they will surely withstand any economic condition even amid a crypto crash as their operations just continue smoothly.

Well actually, we know very well that for now things with private wallets is the best option, everyone learned a lot about FTX and everything that has happened with them, so since then I think many have learned not to leave their money in BTC or whatever in casinos or exchanges, I had also read that some casinos, when a client had a period of inactivity, their account was blocked, so that is something that does not seem to me, because if a person You cannot be or enter a casino, it must be for something, and it is very unpleasant that after a while you go to enter and it is blocked and possibly your funds have nothing.

Very often it is forgotten that people do not necessarily take rational decisions all the time, during an economic downturn it makes sense to reduce expenses, limit your risk and eliminate all kind of luxuries, but not everyone will do this.

There are many people out there that during these difficult times decide to do the opposite and instead increase the risk they are willing to face, an example of this are all the people that instead of investing in bitcoin or selling their coins for fiat take the risk of investing in altcoins during a bear market as they are looking for very high profits, so it makes sense that a lot of people decide to gamble not only to keep themselves entertained, but they do so as they are thinking about gambling as a potential source of income, they are wrong of course, but that is what they think.

The personal wallet is the best place to store BTC or other coins because they can control all their activities and know the usage of those coins. It will be different if they use an exchange or casino wallet because there are times when they are not logged into their accounts, and at the same time, things happen that they don't want. We don't know what will happen to our account, and if things are bad, we will lose our coins there. That's why we have to make sure where we can store all our coins because it is an investment assets that we have until we sell it later.

I have also heard of cases when gamblers left large sums of money on a gambling platform and were not online for 8 months because there were interests that could not be mentioned and after that the gambler came back online but the funds on the gambling platform were gone.
after the gambler tried to contact CS he was only given an answer if the account had been inactive for a long time the funds would be confiscated on the grounds of developing the gambling platform.
and there are also funds that were taken by the platform but can still be returned.
so it is really not good to save funds on an online platform.

Casinos might be staying for good, as there will always be gamblers that will chose to spend their money in casinos regardless of the worsening world’s economy. And with those gambling casinos, they will compete to stay competitive no matter what so that their operations will sure to continue even if others cannot survive with and eventually closed.

Opening or managing a casino is always lucrative. I don't think a crypto collapse will have much of an impact on that. People are always gambling. You do have to have a certain policy if people play in a certain currency, if it goes the other way, like a sharp increase, then I wouldn't cash out all BTC and other crypto to your bank account. You can then become a thief of your own wallet because the price for players has suddenly become a lot more favorable. A crash is always short-lived, as we have seen in the past. There will always be a time of recovery for the crypto, and that will also encourage players to gamble more. Players aren't as likely to worry about temporary crashes when gambling.

If the casino is well prepared and already have plans in any market or economic situation then they can surely survived. They will stay for good no matter how many people talk negatively about them. Those people knowledge is nothing. If they are those people who once got addicted and destroy their lives thru gambling then it was their fault. They shouldn't blame the gambling place or on why gambling has been invented in this world.

If the situation seems worst then many people should refrain from gambling for now to save money and prioritize important things only while there are people who are prepared for it so they aren't really that affected. They can still continue betting.

No industry or business does really like to face up some economic or market issues which it would really be just normal that they would really be finding out way to sustain at least or somehow on the time that they
would really be experiencing it out.We do face up lots of economic downturn and trend which it would really make out some effects but if the demand would be sticking out then it would really be that able
to stand out despite of the condition.Doesnt matter though but it cant really be that avoided for people not to make out some comments or feedbacks that it is a bad idea
but it do really varies.

I don’t think gambling sites will consider it as a must to show proof to the people on how much their own site has left money to operate. They will consider it as their own privacy. The only proof that they can show to the people is that if they are still giving payouts without delay and still making more promotions and bonuses that makes the gamblers more interested to play, that means the gambling site is still capable to manage their own casino business.

As we have seen, people gamble no matter what the market situation is.
BTC price goes up and down, and yet, people still gamble their money.
They may reduce their spending habits, but they will always play.
This is why, casinos and other gambling sites survived during the pandemic period and other crises.
Offline casinos may be closed, but online casinos will always be open 24/7 without interruption.
It now depends on the casino owners how they will tackle different scenarios and offer rewards or bonus in every bottleneck they will encounter with.

Its a private part or something that shouldnt be show off publicly or easily considering that if someone would be finding out on how much they do own then hackers and possible exploiters would really be trying out
their best on making up some holes or something like that or in overall security risk and hazard. Thing here is that if you do saw that there are lots of users who do hang out with a certain platform
then it would really be that common sense that you would really be seeing or presume that they are really making such huge revenue and something results that they could withstood any economic
downturns or bad situations.