do casinos earn more in a bear market or bull market?

[Antotena]

For those who’ve been around for a while, what’s your observation on which season they earn more, bull market or bear market.... nothing serious, just something that crossed my mind.

I'm not sure if casino balance is their coins or customers fund and they behave like the centralized exchanges. If the Bitcoin in their balance sheet belongs to them, if there bear market and customers loose alot to them they will make plenty of Bitcoin. If they decide to keep this Bitcoin until bull run, they are going to make profits by the time the market pump, so basically it's possible they might be losing if the market is dumping but if they keep it they will make more in bull run.

However, if the Bitcoin they are holding belongs to customers like the way centralized exchange do keep there reserve then it means they have nothing but a small portion to them and it's not like ty casino are like centralized exchanges that will be buying coins on the exchange during the bear market and sell during the bull run, you can't do that with casino, this is my opinion. It's possible that with all these analysis there more better ways casino make money in bull and bear market.

[BITCOIN4X]

I don't believe casino profits will be affected by falling prices, in fact they will accumulate more assets when market prices are low. The estimated value of the assets will obviously be affected by the price, but at the same time they will get more assets from the gamblers' bets. But I don't really know the exact answer, whether it can be affected or not, that's because we don't have accurate data about it.

[danadc]

I want to understand what the relationship is between casinos and the BTC market? Because gambling is very separate from the market There are games that are essentially trading games, but ultimately they're just games, it's not reliable trading because it takes place within a casino, and the casino always has the house edge.

Those who gamble in casinos only use cryptocurrencies to play. If the price goes up or down, I don't know what effect it would have, except perhaps that it would be a shame to spend BTC.

[traderethereum]

Casinos are still okay as I see they are still running many promotions and attracting more gamblers. They don't struggle when the market is down because gamblers will still gamble on their site.

Every cycle is profitable for them because gamblers will come and go, replace the old with the new and more will come to casinos. That makes gambling industry larger and grows bigger. More people stress but more people come and have fun also make a profit.

Maybe casinos earn more in bull market because people make a big profit and want to spend their profit in gambling. But who knows because we don't know for sure.

[trendcoin]

I haven't seen any statistics on this, and many analyses and assumptions can be made, but I believe that everything in the world moves along the same axis. In other words, nothing moves independently of anything else... For example, when Bitcoin is performing poorly, the number of altcoins that positively diverge from the market is very very low or non-existent... There may be those looking to relieve stress in a bear market, so excess demand could arise, but in an environment where there is no money in the market, I don't think it's very likely to see high profits or high volume.

[Dunamisx]

I want to believe that the casinos are also very smart in their dealings and knows what is right and take the best decision for their own interests, some do have diversified currencies they hold on their wallet, just as they supported as many as possible coins in crypto, it may occur to them as loses sometimes when the market massively fall and most of the assets in volatile coins, while same applies on them when they are bullish with the market and be in profits.

[Nightwalker(NW)]

For those who’ve been around for a while, what’s your observation on which season they earn more, bull market or bear market.... nothing serious, just something that crossed my mind.

Usually cryptocasino do earn more on bear market because those who are gambling at the bear market are incurring lost while the casino could save up those loses from players and during bull run it increase so their balance also increase as well, making to be in double profits. However, sometimes I also feels as if they are also losing because someone could hit a serious multiplier and they wouldn't have any option to pay such person who hit such winning on their gambling site making them to incur lose on the bear run.