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Author Topic: Did Covid-19 affect crypto gambling?  (Read 1045 times)
Lorence.xD
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May 14, 2020, 06:07:17 AM
Last edit: May 14, 2020, 06:41:36 AM by Lorence.xD
 #41

I don't think it affects that much negatively on the gambling industry but I think the appropriate answer was it affect positively as many people who prefers physical casinos have turn into online gambling specifically crypto gambling.
With the pandemic currently ravaging the world, the influx of people that have been gambling on casinos and playing online during the quarantine is very high. Gambling patrons will surely try this option since most of the casinos and gambling houses closed (saved for those illegal). In my opinion, this pandemic helped many online business peosper for obvious reasons and this is also very good PR for the online businesses because they are getting recognized by more people. My advice to people wanting to invest in something, try online casinos or better yet try kickstarting an online business.

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May 14, 2020, 06:08:00 AM
 #42

In my opinion, crypto gambling is affected positively due to COVID-19.
As traditional casinos are closed due to lockdown and social distancing measures, people have started turning to online casinos and crypto casinos in order to savor their casino desires.

Not only casinos, but most gambling activities are also closed because there's nothing to bet with, due to the games being suspended or moved to another schedule until further notice. it has affected not only the gambling industries but all of the sports companies franchises have faced a low income in their sales.

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May 14, 2020, 06:33:34 AM
 #43

In my opinion, crypto gambling is affected positively due to COVID-19.
As traditional casinos are closed due to lockdown and social distancing measures, people have started turning to online casinos and crypto casinos in order to savor their casino desires.

Not only casinos, but most gambling activities are also closed because there's nothing to bet with, due to the games being suspended or moved to another schedule until further notice. it has affected not only the gambling industries but all of the sports companies franchises have faced a low income in their sales.
The sports companies are trying to resume their events again, but they need approval from the government because, without the government, they cannot do that. The sports companies, the gambling industries, and the other industries are dying, especially for small companies because they cannot make money from the industries. We hope that they can survive in this pandemic so they can resume their business once the pandemic ends.

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May 14, 2020, 07:04:35 AM
 #44

Currently can't afford me to gamble anymore until the virus outbreak will be stopped.
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May 14, 2020, 07:23:18 AM
 #45

Currently can't afford me to gamble anymore until the virus outbreak will be stopped.

At least you understand and you are honest, we don't need to force things up, we have to focus on our priority now.
Though there are people who can still gamble at the moment because they have a lot of savings or they are still making good income, this is not for everyone.

It did not affect the crypto gambling in overall because some are still gambling.
People just come and go here, this is the nature of the business.

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May 14, 2020, 08:03:52 AM
 #46

The good effect of Covid 19 is the traffic of some gambling websites (online). Most of the casinos are close, so people will start to learn how to gamble online.
But then again, there is the negative part here, there are some people who lost their job or temporary no job because of this pandemic covid 19, so, there are less or no money to gamble.

Crypto gambling and online gambling is not the same, crypto gambling is just a subtype of the latter, and it's likely only a very small piece of it. When people who used to go to brick and mortar casinos google "online casino", they likely won't get any crypto-related results, and unless they dig deeper or are already aware of crypto side, they'll probably never now about it. So, I really doubt that the coronavirus had positive effect on this industry.

Not really because there are still online gambling casinos that allow its customer to use cryptocurrency in their platform. The gambling casinos that are really affected by this pandemic are those physical casinos that make people gather in a certain place. We all know that this quarantine makes people unable to go outside and go to the casino that they want to play with. Maybe, the crypto casinos are somehow affected because the volume of people who are gambling online will increase. This covid-19 affects all of the sectors in the government so maybe the economy is also affected and so the cryptocurrency. There are a lot of possibilities that may occur the the virus can also affect the gambling casino digitally.
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May 14, 2020, 08:38:19 AM
 #47

I'm pretty sure that it got affected. I mean, was there a business that wasn't affected by the virus? Almost, if not all industries in the world revolve around buying and selling so I doubt there is one though. Especially since selling requires resources, and with a lot of places being unable to properly function, said resources would naturally dwindle down because no one can properly gather them at an amount where the demand meets the supply. Even with gambling which basically handles money. Sure, at the beginning, there may be a number of people who would still gamble, but that number should drop quite a bit as time passes by. The only ones who can afford to still gamble are those rich people out there that aren't much affected when it comes to money tbh. They have an abundant amount that they have no idea what to do with it anymore after all.

 
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May 14, 2020, 08:52:50 AM
 #48

Due to the pandemic, gamblers can't go to work.
If they can't go to work they don't have any salary or money.
If they don't have money, they don't have funds to be use for gambling.
Therefore, COVID19 affected crypto gambling but not directly affected.

Since we know that most of the gamblers right now can't go to their work, the virus affected crypto gambling already since they don't have any funds to use. Those who are working at home who are also gambling aren't affected at all but those who are working in a company or an establishments who've been closed for months are greatly affected and their gambling habits are also affected too for sure.

 
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May 14, 2020, 08:58:31 AM
 #49

The good effect of Covid 19 is the traffic of some gambling websites (online). Most of the casinos are close, so people will start to learn how to gamble online.
But then again, there is the negative part here, there are some people who lost their job or temporary no job because of this pandemic covid 19, so, there are less or no money to gamble.

Crypto gambling and online gambling is not the same, crypto gambling is just a subtype of the latter, and it's likely only a very small piece of it. When people who used to go to brick and mortar casinos google "online casino", they likely won't get any crypto-related results, and unless they dig deeper or are already aware of crypto side, they'll probably never now about it. So, I really doubt that the coronavirus had positive effect on this industry.

Not really because there are still online gambling casinos that allow its customer to use cryptocurrency in their platform. The gambling casinos that are really affected by this pandemic are those physical casinos that make people gather in a certain place. We all know that this quarantine makes people unable to go outside and go to the casino that they want to play with. Maybe, the crypto casinos are somehow affected because the volume of people who are gambling online will increase. This covid-19 affects all of the sectors in the government so maybe the economy is also affected and so the cryptocurrency. There are a lot of possibilities that may occur the the virus can also affect the gambling casino digitally.

This is because Google search provides local search results which is why when people search for "online casino", the results show websites of local casinos. I can't see crypto-related casinos when I tried it but I think people will find these crypto casinos in some places where casinos are now starting to accept BTC.

The gamblers who are used to brick and mortar casinos will eventually start learning how to use BTC when they begin to see the benefit of being anonymous in online casinos.


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May 14, 2020, 11:14:11 AM
 #50

Due to the pandemic, gamblers can't go to work.


Actually not all of us can't go to work, people who work in a business that is selling essential product and services are still permitted to work provided they follow all the safety measures, hence, they will receive a salary and they have a money to gamble, that if they choose to still gamble at this situation.

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May 14, 2020, 11:23:28 AM
 #51

I think this pandemic will not have a negative impact on the online gambling industry. The revenues are more likely to increase. People are more bored than before, so they are looking for distractions.
The people who have less money than before will hopefully set the right priorities.
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May 14, 2020, 12:36:11 PM
 #52

Positively yes,there is a Good effect in Crypto Gambling this pandemic ,Look how many gambling sites has been advertised here in forum in just a 2 months duration?meaning there are so many target gamblers of the developer thats why they are putting many sites and platform to gain from players this effect in crypto because many of us encourage our friends to try using crypto as materials compared to Fiat.

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May 14, 2020, 01:27:27 PM
 #53

As you know, Covid-19 caused serious economic problems in the whole world, and a lot of industries got affected even indirectly, simply because people may now have less money to spend.

Do you think crypto gambling is one of such industries? Gambling is an expensive form of entertainment, and I would assume people will be gambling much less if they have lost their jobs due to lockdown. Or maybe there are some factors that counter that - like maybe crypto gamblers have deep enough pockets to sit through this quarantine and keep gambling.

What do you think? What is your experience in these times?

I think so too. No one is exempted in this trying times. While its true that a lot of gamblers are still gambling through online gambling. We can't deny that some gamblers still chose to stop because of the pandemic. And we are in lockdown for 2 months now, some maybe lost their savings in the first month(unless they won or still working from home). Its also true that some gamblers can stay gambling for a few month without being in trouble, and they are the customers of the online gambling now.

As for me, I chose to stop because we are face with the uncertainty of the future, I just realized that I need to save for the future to come.

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May 14, 2020, 02:22:30 PM
 #54

I think this pandemic will not have a negative impact on the online gambling industry. The revenues are more likely to increase. People are more bored than before, so they are looking for distractions.
The people who have less money than before will hopefully set the right priorities.

In some points that's right since there are people who are still into gambling even though there's already pandemic virus that spreading around, they will find online houses to fill in their urge of playing, but in the other hand, since there's also problem with the economy people also choose not to gamble the money that's left from their savings.
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May 14, 2020, 03:11:33 PM
 #55

Gambling may be expensive leisure but we have different financial statuses. Obviously, for those who struggle and have lesser income, there would be a negative effect of COVID on their gambling. But for those who are fortunate, they are still capable of gambling even with COVID so they don't have to worry financially.

Personally, I can still afford to buy my needs and still have a little budget for extra entertainment but thinking wisely, I will prefer not to gamble.  I want to use this extra money practically or save this in case of an extended lockdown or emergency. I'm thinking of only going back to gambling if everything started going back to normal. So to answer your question, yes, it made me stop gambling for a while since I have my priorities I need to think first than gambling.
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May 14, 2020, 03:29:32 PM
 #56

But it's cheaper this way.

You could play a longer time with just $100.  Grin
While in casinos it will just take minutes to deplete it, if lucky an hour then you will be going home early if you don't have a spare.
I try to do something else to avoid it.
Putting just the right amount and if I lose that, I will restart again tomorrow.
A limit to wins should also be provided. When you double the money then try to rest, do no let greed take over.

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May 14, 2020, 04:15:41 PM
 #57

Gambling may be expensive leisure but we have different financial statuses. Obviously, for those who struggle and have lesser income, there would be a negative effect of COVID on their gambling. But for those who are fortunate, they are still capable of gambling even with COVID so they don't have to worry financially.
Well, I guess this is right. Obviously there is a change in crypto gambling because of the pandemic and that is the increase on the demand for online or crypto gambling for people who are fun of playing in physical casinos are now playing in online casinos because they don't have the option of doing it and boredom may push gamblers as well as some people to play in online casinos. Funds of gamblers may also affect crypto gambling for some people would tend to lessen their gambling time to save money and use it instead for their necessities especially we or some of us are still in lockdown but rest assure they cannot totally quit gambling it may only be reduced, --but once the lockdown has been lifted and they can earn again then they will go back to gamble as frequent as they were before. Indeed, COVID 19 has a huge impact on crypto gambling and it is profitable for the owners of these platforms.









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May 14, 2020, 04:26:00 PM
 #58

I think this pandemic will not have a negative impact on the online gambling industry. The revenues are more likely to increase. People are more bored than before, so they are looking for distractions.
The people who have less money than before will hopefully set the right priorities.

In some points that's right since there are people who are still into gambling even though there's already pandemic virus that spreading around, they will find online houses to fill in their urge of playing, but in the other hand, since there's also problem with the economy people also choose not to gamble the money that's left from their savings.

I would really hope for those people, that they stand away from gambling if the have less money due to pandemic.

But if you refer to the revenues for the online gambling industry I guess the impact from people with less money is smaller. So I mean, at the end they will have slighty more revenues from the "boring gambler" who will have played more.
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May 14, 2020, 05:04:23 PM
 #59

Positively yes,there is a Good effect in Crypto Gambling this pandemic ,Look how many gambling sites has been advertised here in forum in just a 2 months duration?
Right, there has been an increase in the promotion of new gambling sites and old sites on forums in the last few months. Gambling sites maximize their chances of attracting visitors because many people are bored staying at home while lockdown.

However, I dont think that this will increase site revenue quickly because some people will also save money during a pandemic. No sports betting also has an important factor for them to try to attract the interest of gamblers turning to sites with other classic games such as dice, blackjack, and others.

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May 14, 2020, 05:11:41 PM
 #60

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Personally, I can still afford to buy my needs and still have a little budget for extra entertainment but thinking wisely, I will prefer not to gamble.  I want to use this extra money practically or save this in case of an extended lockdown or emergency. I'm thinking of only going back to gambling if everything started going back to normal. So to answer your question, yes, it made me stop gambling for a while since I have my priorities I need to think first than gambling.
Of course we must be able to save in our finances because if we bet with existing money it will be difficult too if the lockdown is extended later with that policy we must think that entertainment with gambling is not right at that time except tips on having lots of money then it's up to you because with enough money will certainly make us calm.

'Re Like people we are just barely satisfied in need while saving is one to survive during this pandemic so I am the same as you stop for a moment to gamble using money needs.

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