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

[Justbillywitt]

You will get the best answer to this question from casino owners because only them know how much  their turnover usually is in various bitcoin seasons. But I believe that casino owners will always make money irrespective of the season bitcoin is because gamblers will always come up with money to gamble because they have other sources of income that they make money to gamble with. But honestly I don't think it is the price of bitcoin that determine much people gamble.

[PrivacyG]

It is a complex situation to think about.  But my bet would be on more Profit during Bear runs, particularly now when the general Economy does not look too healthy and people are losing their jobs.  When people lose Money and their job, they are very vulnerable and it is easy for them to make decisions with very long lasting consequences such as throwing too much Money at the Casino.  I do not know if people bring more Money to the Casino during Bull runs.  It seems like when the life is more miserable they will be able to over come limits and gamble and lose more.

[Orpichukwu]

The casino will earn less if something stops their players income that they don’t see money to play casino.
Bear market or bull market a casino player who has the money will play.
If the bear market is the source of their casino players they may earn less but it is impossible for all their players are connected to the cryptocurrency bull and bear market.

Exactly, it's about earning and nothing directly linked to a bear or bull market. Anyone whose earnings are affected, and for whom there is no more extra money to gamble with, will have to stop gambling.

Some earn from trading, while others also just convert their fiat to crypto and gamble with it. Some also get paid for their job with crypto, which is calculated based on current market value. Among everything I can think of, I don't see any way in which a bear market will have to affect gambling traffic or how they make money.

[PX-Z]

...
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.

Remember, you're not lossing if you don't sell. As long those coins from casinos are just there to accommodate some withdrawals of their users and they don't exchange it to stablecoins or fiat which they probably always do they are safe to say they don't lose, by value. Where in fact they usually wins, unless someone wins largely enough by millions of $$$. It's a negative on their PnL for sure.

[Zoomic]

There is no doubt that casinos generally flourish during the bull season. You cannot tell me that the bear season when people are crying and some people are committing suicide, people will be happy to bring out the money to gamble. People that will be gambling seriously this period are people that are not into cryptocurrency. No one will sell at loss in order to gamble but if it is bull run, someone can simply take some profits and gamble with it.

It is not only about the casinos, every business related to crypto or whose customers are crypto base used to suffer during the bear season.  I actually cannot say if we have entered the bear season but I am afraid we are in the bear season already

[PrivacyG]

There is no doubt that casinos generally flourish during the bull season. You cannot tell me that the bear season when people are crying and some people are committing suicide, people will be happy to bring out the money to gamble.

That is exactly the point.

I have never seen homeless people drinking water and eating berries.  It is always drugs, alcohol and every other thing that can destroy a life when addicted.  When people are crying and some people are dying out of losses, that is exactly when the worst habits and vices form.  When you do not have the peak of your life any more you may end up doing irrational things like selling belongings to gamble them and to try earning your life back.

Or do you believe it is generally more likely that people get addicted to gambling, drugs, alcohol et cetera at the peak of their life when every thing is excellent?  It does not make sense.

[Hispo]

I’m starting to feel like we’re slipping into a bear market again (hope not happening)..., and it just made me wonder… how do online casinos perform during these times? Do they actually struggle when the market is down, or is it just business as usual since gamblers will gamble no matter what season it is?

I’m curious which market cycle is more profitable for them. In a bull run, people have extra money and more confidence, so maybe players bet bigger and take more risks. But during a bear market, some people still end up playing because they want an escape, or they’re stressed, or they’re trying to recover losses somewhere else.

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 am not an expert, but my common sense tells me casinos make more money during bull markets. Let us remember casinos revenue completely depends on the volume of gamblers and their wager which is placed on their platforms, people tend to have more money to gamble away and bet during bull markets, so they take their extra incomer to casinos and bookies in order to multiply that money they can afford to lose. When bear markets come responsible people cannot longer afford to risk money in the same manner they used to during the previous bull market, so gambling activity tends to cold down and casinos do not make as much money as before.

I am assuming all of this without taking in consideration the positions on cryptocurrencies which could be held by the casino itself, though.

[nakamura12]

Regarding of a casino either the market is in bear market or bull market is that they are always in profit. As we all know that casinos vs gamblers is that they always win no matter what strategies that a gamblers use they always lose and even if they win is that there are other gamblers who are losing. Everytime the casino win is they have house edge which that's what they take and the rest will be added to the bankroll of the casino. The situation for casino is always earning from gamblers if you think about it.

[suzanne5223]

Rich, New, or old, whatever the category the casino falls in. Every casino can earn more during both bullish and bearish markets.
What will determine the casino level in earning is the casino service, games, promo, and the cryptocurrency they have integrated into their platform ^{(crypto like stablecoins are mostly traded during a bear market by crypto enthusiasts)}.
For the record, most crypto enthusiasts who have taken profit during the bull market or those who want to accumulate during the dip will prefer the use of stable in bear markets instead of using BTC, etc.
This is why I said the crypto supported by the casino will be determined. Another thing is the type of crypto enthusiasts the casino has as users. We have some crypto enthusiasts whose main focus is accumulation during the bearish market no other nothing.

[Rockstarguy]

Crypto gambling sites generally will always earn money, just consider them like those fiat gambling sites that are always earning money. There is no such thing like bull or bear market if it is gambling sites, they always earn their money. Only what gambling sites need is traffic. The more traffic they get, I mean the more people that are visiting the gambling sites, the more money they are earning.

It is possible thst the bear market may not even be affecting gambling casino. It is possible that casino dont even jodl bitcoin or other cryptocurrency.  If volatile asset is deposited in a gambling site it is possible their could even be a conversion whereby the volatile asset is been changed to to fiat.  You shouldn't been worried about gambling site concerning the bear market. The truth is the gambling site will fo everything protect its business against lose.

[Russlenat]

Rich, New, or old, whatever the category the casino falls in. Every casino can earn more during both bullish and bearish markets.
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But the question here is simply whether casinos earn more in a bear or bull market. Whatever people use for gambling isn’t really that important anymore. What matters is the volume of money coming in. More money means more profit.

I just wish we had actual figures so we could compare and see which period is really more profitable for them.

[nelson4lov]

It is my beliefs that casinos and sportsbooks especially the ones in crypto will make money in any market but they stand to make money in a bull market because then, users make profits off other endeavors and then try to use it to gambling platforms as multipliers for those winnings. In a full blown bear market, there'd be less people trading crypto and more people gambling their time away in a bid to try and make up what they lost to the bear market.

They make earn in both markets but I'm inclined to think they make even more in a bull market. Let's not also forget relative earnings on the accumulated profit asset too. If casino earned like 100 BTC in profit and Bitcoin price moved 30%? That's my point.

[suzanne5223]

Rich, New, or old, whatever the category the casino falls in. Every casino can earn more during both bullish and bearish markets.
~~~~

But the question here is simply whether casinos earn more in a bear or bull market. Whatever people use for gambling isn’t really that important anymore. What matters is the volume of money coming in. More money means more profit.

I just wish we had actual figures so we could compare and see which period is really more profitable for them.

I understand the question, and if you read to understand what I said, I was pointing out what could influence the low gambling of gamblers during the bearish season, which one of using BTC to gamble, which turns off for me personally, and I will prefer to use USDT instead of BTC judging by what the BTC value will be after the bearish market.
So what i am trying to say is that a gambling platform that supports various cryptocurrencies, provides promos, and free spins will still experience a high level of usage, so the casino may experience more in bear depending on the service they render in each season.

I also wish we could get the bearish and bullish season volume of casinos that offer what i said, and those that didn't.

[robelneo]

..or is it just business as usual since gamblers will gamble no matter what season it is?

I'd like to think it's business as usual and will always be business as usual; their earnings potential is not tied to market conditions but to their marketing and promotions, and to the trust in their platform.
You cannot stop gamblers because of market conditions; the market has nothing to do with the dopamine and excitement gamblers want to feel in casinos.