Market down, Casino volume up.

[Pandorak]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Basically there are several factors why when the market is declining but casino activity is increasing, one possibility is that investors are trying to make profits in casinos, we know casinos are the fastest place to make money but also the fastest place to spend money.

Another factor is that investors need a little entertainment, maybe when seeing the market in the red makes investors more stressed, casinos are a great place to distract from it all, but don't overdo it because when experiencing a total loss can make you even more stressed. 

[cryptomaniac_xxx]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Basically there are several factors why when the market is declining but casino activity is increasing, one possibility is that investors are trying to make profits in casinos, we know casinos are the fastest place to make money but also the fastest place to spend money.

I don't know if there are still investors on casino though, if I'm not mistaken, it was like seven years ago that this could be the trend here in this community. But there are threads that says that investing on a casino bankroll might not be a good idea.

Another factor is that investors need a little entertainment, maybe when seeing the market in the red makes investors more stressed, casinos are a great place to distract from it all, but don't overdo it because when experiencing a total loss can make you even more stressed. 

I don't know what you mentioned investors here, the one that run casino is still us, gamblers. Because if there are no gamblers obviously, casinos are not going to make money even in the market is up or down. Investors are just there to make their money grow but without players it will be nothing and they might lose money in the end.

[noviesol]

When the market is down and you win at the casino, you’ll end up with more BTC/ETH for the same amount of dollars. When the market goes up, your winnings increase as well.

For example, if ETH is priced at 3k and you deposit 3k USD and win 3k USD, you’ll have 2 ETH. If ETH drops to 2k, and you deposit 3k USD and win 3k USD, you’ll have 3 ETH.

In both cases, you deposited 3k and won 3k, but in the second scenario, you end up with 1 extra ETH. I’m not sure if this has a significant impact on casino volume, but I tend to focus on the amount of crypto I have in my balance when I stop playing, even though the dollar value is what’s displayed during gameplay.

[Kelward]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Basically there are several factors why when the market is declining but casino activity is increasing, one possibility is that investors are trying to make profits in casinos, we know casinos are the fastest place to make money but also the fastest place to spend money.

Another factor is that investors need a little entertainment, maybe when seeing the market in the red makes investors more stressed, casinos are a great place to distract from it all, but don't overdo it because when experiencing a total loss can make you even more stressed. 

I share your perspective in your answer to OP question, when market is down people who are into crypto will naturally want to try their luck in gambling with their coins. Another reason as you said will be to unwind with gambling when market is down, something that can give them entertainment and hopefully or maybe also give them profits or wins. It could just be coincidence because crypto gambling is becoming very popular and more people are getting into it everyday. A lot of people that don't have the time to visit physical casinos and bet shops now rely on online casinos to play games hence the increase in popularity and patronage.

[Dr.Bitcoin_Strange]

Another factor is that investors need a little entertainment, maybe when seeing the market in the red makes investors more stressed, casinos are a great place to distract from it all, but don't overdo it because when experiencing a total loss can make you even more stressed. 

It's not really that there's any data to back up the ideas but most at times it's just nothing but coincidence or the temporary market plunge makes gamblers to freely afford buying the crypto they wished to gamble with at their best casinos but if they already have those coins in their possessions and they see price surging high, they might just want to hold unto it since they are getting profit on the coins.

[Strongkored]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

I also don't know why it happened, because I didn't find a website that provides data on where the volume of money in the casino increases when the crypto market goes down.
However, I actually have the opposite thought because when depositing to the casino everything will be calculated in USD so using crypto when it goes down will make us have to deposit more if we want to reach a certain amount so that makes me reluctant to use crypto especially Bitcoin and only choose stablecoins.
However, if what you say is true, it is possible that traders see the market as sluggish due to a deep decline, so they choose to gamble with the thought that they can still make a profit if they are lucky, but this is just my guess.

[TheUltraElite]

In both cases, you deposited 3k and won 3k, but in the second scenario, you end up with 1 extra ETH. I’m not sure if this has a significant impact on casino volume, but I tend to focus on the amount of crypto I have in my balance when I stop playing, even though the dollar value is what’s displayed during gameplay.

You really think gamblers are that diligent to be making those assumptions on trades before they gamble? They just want to blast their money away and will stop at nothing to prevent it.

So for them money at hand is money to be spent on gambling and hence they will not stop at any position to think twice of the possibility of trading those coins over gambling.

Of course the casino volume might be affected by market due to initial shock value but it does not matter much to the players.

[madnessteat]

It is quite possible that some gamblers, seeing losses in their investment portfolios, consciously overestimate their risks in gambling. But if there are such gamblers, they are not so many relative to the total mass. There are also gamblers who realize that now is a great time to invest in cryptocurrencies and the stock market, so they direct all their free money to buy assets that have significantly decreased in value. I don't think that the increase in volume in gambling is directly related to the panic on the stock and cryptocurrency markets. It is most likely a coincidence.

[l3pox]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Basically there are several factors why when the market is declining but casino activity is increasing, one possibility is that investors are trying to make profits in casinos, we know casinos are the fastest place to make money but also the fastest place to spend money.

Another factor is that investors need a little entertainment, maybe when seeing the market in the red makes investors more stressed, casinos are a great place to distract from it all, but don't overdo it because when experiencing a total loss can make you even more stressed. 

degens want high rewards no matter the venue, this would be my explanation
if they can't gamble on shitcoins because markets are really depressed right now they'll find a different way to feed their desires
and next logical one is obviously gambling

easy to bridge from crypto exchanges or on-chain to gambling websites too
maybe that's it

what website are you using to track gambling volume?

[tsaroz]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

I have seen that myself and as a matter of fact, I too am among those people who visits gambling sites when the price is down. The feeling I get is if I'm already losing the value, I'd risk it and get double or nothing. Another reasoning is the coin is not as valuable now so I could have more fun spending less.
The choice of gambling in these time too are fast paced where I don't have to wait. I fire up Seuntjie's dice bot to lose my money at a fast pace while I chat with other frustrated users in chatbox. I guess it's something similar for other users as well.

[348Judah]

I don't think most of the casinos even take into consideration the market performance of cryptocurrency, when they know that such could not be an issue from their own end, we are gambling to only use any coin of our choice and they have a numbers which they supported, the market rise or fall does not also concerns us, neither does it determine what they receive as an output performance of gamblers or their casino, anybody having his money at hand can gamble irrespective of the market condition.

[moneystery]

the market going down and its impact on casino activity going up has nothing to do with it, because the people in the market are not all gamblers... and even if there are some who are gamblers, they usually already have their own allocation for their gambling, so when the market drops they will not pass it on to the casino. and with that what you see here seems to be a subjective view, not a reality on the ground because it doesn't have strong data to back it up.

[YOSHIE]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

This kind of factor often occurs when the Crypto market is plummeting, where gamblers are a bit easier to pair bets with crypto, especially bitcoin and also several types Other digital currencies, in addition to cheap transaction costs, gamblers are also affordable with the market situation down like that.

Certainly high hopes in gambling, not about victory, but about the value of crypto itself, if they win more gambling, they can save the winnings in a certain period, when the market rises, they can Release it again with a high value, actually gambling with Crypto currency is more profitable than Fiat, crypto value if it rises far to get a profit, do not be surprised if the market plummeted many who plunge into the Crypto casino.

[hedgeh0g]

A very interesting remark in my opinion. I once thought about this too, but I didn't know that this is exactly what happens. Maybe because some investors and traders can no longer bear the pain of stocks or cryptocurrency falling too low, they don't want to tolerate it and withdraw their entire deposit to quickly decide in gambling whether they can get their money back right now or the deposit will be zero. Although it would seem that smart people should buy when the market falls, perhaps such things are constant, the psychology of most people shows how weak they are and can easily lose their money.

[ChiBitCTy]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Well I think it's also important to note that the regular financial markets are also down of late, so I wonder if this coincides with cryptocurrency markets or if they are separate in this sense.  What does this mean? Perhaps it just means people are trying to make money elsewhere which would show a huge lack of intelligence and gambling degenerates who are going to end up losing their ass as they are clearly desperate at this point.

[Dave1]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Well I think it's also important to note that the regular financial markets are also down of late, so I wonder if this coincides with cryptocurrency markets or if they are separate in this sense.  What does this mean? Perhaps it just means people are trying to make money elsewhere which would show a huge lack of intelligence and gambling degenerates who are going to end up losing their ass as they are clearly desperate at this point.

No, as much as we think that they are not connected, all financial instruments are connect in my opinion, Nasdaq, S&P, gold and oil. And so when they are down, our market is also down in retrospect.

So it means that the investors are pulling their money, maybe hedging it for sometime or maybe just stop investing for while. But for gambling? I think there's no stopping them, it's a billion dollar business and so it continue to grow as there are a lot of gamblers around the world that can't stop.

[kotajikikox]

When the market is down and you win at the casino, you’ll end up with more BTC/ETH for the same amount of dollars. When the market goes up, your winnings increase as well.

Unless you take out your winnings and convert it to fiat soon immediately after you win it. Some gamblers are quick to gamble the money they have won after anyway.

I’m not sure if this has a significant impact on casino volume, but I tend to focus on the amount of crypto I have in my balance when I stop playing, even though the dollar value is what’s displayed during gameplay.

Maybe when coins are too expensive, not many gamblers would want to use their coins but it is also possible that when the market is on the rise many gamblers would have earned from the volatility and would be more inclined to gamble.

[mak013]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

I haven`t calculated it but think that it is possible. When you get loses from the cryptocurrencies, you try to return money in other ways. And one of such ways is gambling. But i don`t sure that lots of people can return their loses in such a way.
PS. My last serious gambling try was in 2023, when cryptocurrencies were down. In 2024 i played mostly for fun.

[Fivestar4everMVP]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Well, I have not noticed this or taken notice of this myself, I guess you either own or work closely with most casinos and possibly do get this type of data or statistics from casinos to know that when the crypto market is down, activities in casinos increase.

If this is true, I think the reason is very obvious and clear, Men are chasing after money and when it seems or looks like a door has closed, every one move on to look for the next open door.
What this mean is that when the crypto market is down in a way that making money off it becomes close to impossible, those who are also gamblers then or will shift their attention to gambling since most people hate staying idle.

This is the only reason I can think of as to why activities in casinos increase or will increase when the crypto market is down.

[noviesol]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Well, I have not noticed this or taken notice of this myself, I guess you either own or work closely with most casinos and possibly do get this type of data or statistics from casinos to know that when the crypto market is down, activities in casinos increase.

If this is true, I think the reason is very obvious and clear, Men are chasing after money and when it seems or looks like a door has closed, every one move on to look for the next open door.
What this mean is that when the crypto market is down in a way that making money off it becomes close to impossible, those who are also gamblers then or will shift their attention to gambling since most people hate staying idle.

This is the only reason I can think of as to why activities in casinos increase or will increase when the crypto market is down.

I think only the casino has statistics to back up this claim. They could research whether cryptocurrency prices affect casino volume. On DappRadar, you can find incoming volume in the gambling section from websites like Polymarket. However, I’m not sure if this data can be used for a fundamental analysis of this relationship.

One potential hypothesis could be that when crypto markets decline, people cope with their losses by gambling in an attempt to win back their crypto losses