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Author Topic: Inflation and crypto gambling  (Read 241 times)
Wexnident
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January 02, 2024, 12:09:15 PM
 #41

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I think this has been regularly happening? At the very least I've seen a 20-30% increase in lottery tickets in my place as well compared to a decade or so ago. There are also some simple scratch-it tickets but I'm not familiar with the prices compared to back then (I don't think they even existed back then in the first place) but so far I haven't seen any increase in like 5 years since I've discovered it.

Granted I don't think stuff affected by inflation is that much of an issue for gamblers? Most of them are casino gamblers all things considered.

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January 02, 2024, 12:23:31 PM
 #42

A gambler is still a gambler who will continue gambling no matter what happens. That happens to people who buy lotteries. They will still buy their tickets even if there is an increase in the price of their lottery tickets from their betting shop. They still think that they still have a chance to win by continuing to buy the lottery ticket. And other gamblers will also continue to behave the same way by continuing to gamble and bet as usual.

Crypto casinos may raise their minimum bets if they see their fees increasing. But hopefully, before crypto casinos do that, they will notify all their members first so that gamblers can fit it into their gambling budgets. This is important for casinos to do so that they can still have gamblers who will continue to gamble at their crypto casinos. Otherwise, gamblers can move to crypto casinos that do not increase their minimum bets.

If players are happy with a particular casino, they will continue to play there despite the increase in fees. Among professional players, there are very few who count their expenses. Most live for today and do not think about possible losses or commissions. They will accept almost any increase in minimum bets
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January 02, 2024, 02:20:48 PM
 #43



But now I noticed something interesting. In my country Greece, the most popular and most participated lottery, which is also a legal monopoly, recently raised its ticket price to 1€, which is effectively a 100% increase from the previous minimum 1 ticket price of 0.5€.
They do this because of the rising cost of materials in printing the ticket and paying their personnel they knew that bettors would still bet even if they increased the price of tickets, bettors are bettors, they will not leave just because of the increase in price as long as they can afford it, they cannot just turn back on their dreams

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I wonder if this is something that is happening in other countries also.
Perhaps crypto casinos have also slowly been raising their minimum bets without us noticing that much? What do you think?
It's different in online casinos that use Cryptocurrency there is no additional cost, and the minimum bet is to lure players to continue betting, physical and online platforms have different costs to run their platform and one platform can raise the ticket because there's a tangible material involved compared to online.
And expect the price of materials and cost of operation to rise, inflation is something that we cannot stop, it's happening in every country and in every industry.








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