Do casinos make more money when the price of Bitcoin drops?

[Awaklara]

I'd like to hear your opinion: when Bitcoin's price drops, who comes out on top: the casinos or the players who manage to control themselves?

The casino will always win, regardless of the condition of Bitcoin's price going down or up. But for Bitcoin gamblers, they will continue to gamble. However, the situation that occurs with Bitcoin's price allows for the amount of Bitcoin deposited into the casino.
Perhaps some gamblers allocate in dollar amounts, rather than the amount of Bitcoin deposited. So controlled gamblers also win, not related to winning on bets, but at least not losing more.

[Kagaru]

Well, we won’t know the exact statistics since casinos won’t fully disclose them to the public, but for sure, even if the market is down, they’re still making a profit. Also, there are gamblers like me who play using crypto but prefer to see the balance in fiat currency. So I base my bets on our currency, not the amount of crypto. And I’m sure I’m not the only one doing that. It means that when the market is down, it’s like I’m increasing my bet amount in crypto just to make it up, for example, $20. Just like that.

Makes sense and what you are doing is actually a clever approach to exposure to crypto volatility and still enjoy gambling. When you think in fiat terms, you are maintaining your risk, whether Bitcoin is up or down. It is like having a stable base to make an investment in--you have a valuable stake in reality, despite the underlying piece of paper being volatile. Naturally, that also translates to you essentially purchasing more crypto when the market is low, which can multiply profits and losses alike, so a sense of discipline and limits are essential. All in all, it is a sensible strategy to consider when combining crypto with real-life value bets.

[Hewlet]

This makes me wonder: do casinos actually earn even more during these downturns? After all, some players may gamble to try to "recover" what they lost.

Casino continues running regardless of the price of bitcoin because regardless of bitcoin's price, gamblers react differently to it and most times still ensures that they are still able to find a way out to gamble. when bitcoin price drops, some gamblers might want to win and get more bitcoin into their stack at that moment which is going to create a mentality that gets them a bit trapped into gambling even more. the same way gamblers react to the drop in the  price of bitcoin is the same way the casino react to the drop also because most of them are holding bitcoin that places them at a loss whenever there is a bear.

[swogerino]

When Bitcoin's price drops, many people end up losing money and become discouraged by the market. But online casinos continue to operate normally and receive bets every day.

This makes me wonder: do casinos actually earn even more during these downturns? After all, some players may gamble to try to "recover" what they lost.

Or is it the other way around? Since players have less money available, do they bet less, and casinos also make less profit?

I'd like to hear your opinion: when Bitcoin's price drops, who comes out on top: the casinos or the players who manage to control themselves?

I personally never gamble when the Bitcoin price drops as it is against me in principle. I want for the same amount of Bitcoin to play much more in dollars then to play for much less in dollars, for example when Bitcoin price is 120.000 dollars then 0.001 Bitcoin is 120 dollars while if the price of Bitcoin is 20.000 dollars then 0.001 Bitcoin is 20 dollars and surely I wanna play when the price of Bitcoin is 120.000 dollars rather than when it is 20.000 dollars, the logic is simple like the one explained here. Now all casinos do make money from their business as different from me who don't own a lot of Bitcoin people who own 10 Bitcoins can manage to spend like 0.5 Bitcoin in gambling, it all depends on the balance and how addicted to gambling people really are, nothing more than this, that is how the world functions.

[KiaKia]

When Bitcoin's price drops, many people end up losing money and become discouraged by the market. But online casinos continue to operate normally and receive bets every day.

This makes me wonder: do casinos actually earn even more during these downturns? After all, some players may gamble to try to "recover" what they lost.

Or is it the other way around? Since players have less money available, do they bet less, and casinos also make less profit?

I'd like to hear your opinion: when Bitcoin's price drops, who comes out on top: the casinos or the players who manage to control themselves?

Does it even matters? Casinos don't depend on Bitcoin like some micro strategy business, and there is no proof that casinos even hold bitcoin after gamblers lost bitcoin to them. What if casinos are selling right away to avoid volatile too? I guess we will never know.

Gamblers also have no reason to panic or react to volatility, if you deposit 1 BTC it is still 1BTC, the price might fluctuate between 110k or 105k it doesn't matter, what your focus should be is winning, if you lost it then it's gone, even if it turn to a million dollar tomorrow morning all you lost is 1 BTC.

If you don't like the idea then start using USDT to gamble or go for doge coin which is a good one for gambling because it's meme and also cheaper than Bitcoin.

[Satofan44]

This makes me wonder: do casinos actually earn even more during these downturns? After all, some players may gamble to try to "recover" what they lost.

Or is it the other way around? Since players have less money available, do they bet less, and casinos also make less profit?

I would say that it really depends on the particular casino, the community as in the culture of the players that are playing at that particular casino, the types of games available and even other things like the time of the year. I have tried to make some observations regarding this but I could not find any particular pattern. It seems that with some games people play more when prices are high, spending even more USD value of the cryptocurrency that they are using. In other places people play more when prices are low, because it gives them a feeling that they are spending less money if they are using the same amount of coin or token as they usually would.

 

[Nahl]

Every answers could be a speculate because most of us only answering this question as a player not casino owners so we never know the real condition whether the price of bitcoin will be effected to the profit of the particular casino or not but in my opinion for this condition i think there is no winner i mean when bitcoin price drop whether it the players or the casinos will be experience the same thing that they will see their bitcoin value will be decreases but maybe they will gain more profit when bitcoin goes up and correct me if i am wrong but as far i know the gamblers has simple think that usually they didn't too concern to see bitcoin prices movement because all they know is if these people have money they will buy bitcoin and used to gamble

[Akbarkoe]

When Bitcoin's price drops, many people end up losing money and become discouraged by the market. But online casinos continue to operate normally and receive bets every day.

This makes me wonder: do casinos actually earn even more during these downturns? After all, some players may gamble to try to "recover" what they lost.

Or is it the other way around? Since players have less money available, do they bet less, and casinos also make less profit?

I'd like to hear your opinion: when Bitcoin's price drops, who comes out on top: the casinos or the players who manage to control themselves?

From a subjective perspective, if casinos don't convert to stablecoins or cash, it would burden them with losses. After all, they pay for their operations in USD or similar stable currencies.

However, if they periodically convert their funds to their cash, then they still have liquidity in paying out each cryptocurrency wagered to maintain withdrawal liquidity, I don't think it would be a problem, as the ratio is 1:1 with each currency wagered by players.

[mindrust]

I don’t think btc price has any direct impact on the gambling industry. However it is possible that when btc crashes the affordability for btc increases therefore more people go buy btc from the bargain prices and since more buyers mean more holders; it means more potential customers for the casinos because most casinos accept crypto nowadays. Still though, like I said the impact of these people is probably not great since only a fraction of them actually end up becoming players.

When the prices go up, this picture looks worse because in this situation people get rich doing nothing and that means they won’t feel any need to play anymore.

So I agree casinos make slightly more money when the btc price go down but they make considerably less money when the prices go upwards imo.

[mcdouglasx]

It is possible that crypto casinos have security measures to protect themselves from the volatility of cryptos, as if it were a market, since if you have bitcoin and you see that the price is plummeting, the casino could cover itself by changing it to USDT, for example, then as it rises, reverse the change to bitcoin, so I do not think it will have an effect on the price for the casinos, but it is possible that it will for the players, since if the price falls they must risk more bitcoin to cover their bet, which means that when it rises, a greater loss will be reflected on paper.

[r_victory]

I believe casinos will profit when the price of Bitcoin or another cryptocurrency they accept rises. I think casinos should maintain some reserves; it would be financially wise for them to do so. When the price falls, the quantity of Bitcoin tends to increase, meaning more "satoshis" will be needed for the same dollar value, for example.

[Pi-network314159]

When Bitcoin's price drops, many people end up losing money and become discouraged by the market. But online casinos continue to operate normally and receive bets every day.

This makes me wonder: do casinos actually earn even more during these downturns?

 There is no need to bother yourself about this question because the answer is too simple. You know just like Bitcoin investors love buying Bitcoin during downtown or when Bitcoin is dip to take advantage of it low price and make more profit when Bitcoin increases so do casino love gamblers to keep gambling during Bitcoin downtime sothat when Bitcoin rises they will cash out big time from the profit made from it. This gambling funds erve as an investment strategy for them have more Bitcoin. So they will not slow down in their business because of Bitcoin increas or decrease, in which ever way Bitcoin goes, they are making profit or the business is profitable in any situation.

[acroman08]

-snip

There's no way to know unless the casino themselves tells you what their profits are on Bitcoin during price drops. Apart from that, all of us here will just make assumptions on whether they make more when Bitcoin's price drops or not. As for "who comes on top", it's most likely the casino.

[Perfectbaby]

They don't make more money while while the market is down, I mean when Bitcoin is down and whenever Bitcoin price depreciates all other cryptocurrency also depreciates as well. But one thing you must keep at the back of your mind is that; since people gambles at anytime without even looking at the market whether is down or no, that is how people makes winning,  and they also pay out to people when the market is down or high, their pay out does not determines whether the market is high or low, whenever you gambles and make winning they would definitely pay out to you without them saying that market is down or you should wait for the market to recover. Lastly, winning is not being controlled by the market factor neither is it being controlled by any currency rather than chance basis.

[Cityhunter34]

Well, just like many others have mentioned I think the casinos stand in a better place for this question, because is pretty obvious that we might not get it correctly. Since we are not into the business, our own is just to bet nothing else so it is the casinos owner that would exactly tell you the profits they are making per day. So this is not something to worry about because no matter how dip the price of Bitcoin might be it would definitely come up again.

[Cantsay]

Or is it the other way around? Since players have less money available, do they bet less, and casinos also make less profit?

I'd like to hear your opinion: when Bitcoin's price drops, who comes out on top: the casinos or the players who manage to control themselves?

The profit streams are steady even during times when the price of bitcoin drops so I don’t think casino losses that much. Again if the casino is the type that shows your balance in United State dollars then it doesn’t really matter whether the price drops or not, your balance still remains the same while for those who have theirs in the bitcoin domination then the amount of the coin might remain the same while the real world value might be different - so it necessarily might not even even reflect on the account unless you decide to place a withdrawal. So it’s the casino that makes more when bitcoin drops, I don’t know if it makes more than when the price is normal or increasing.

[Renampun]

I just don't know about that because there are no official reports related to casino revenue increasing when bitcoin drops or other things related to gambling behavior changing in current market conditions, but what we understand is that casinos continue to generate revenue regardless of whether the bitcoin market is bullish or bearish, because gambling behavior is not entirely dependent on crypto price conditions, but rather on individual behavior, and also casinos have various rewards and offers that can keep players active.

[Ivystar5]

It's basically normal to experience decrease in the use of bitcoin to gamble or bitcoin gamblers as bitcoin price decreases, so as the gamblers may loss interest in high end gambling so the casino too may be lossing some level of customer records per day but that doesn't change the fact that the casino earns more or profits more than the gamblers whether during bitcoin price increase or decrease, however we gambler may not stand the better chance to answer the question in the position of casino maybe a casino representative in the forum will know better than we all know.

[tabas]

Only them can prove with actual papers and records if they're profitable if the price of Bitcoin drops. I'm sure that they also have their own reserve and not only with BTC and stable coins but also, with the other coins that they support. In the perspective of being a gambler, we can speculate that they would do make more but whether it's a seasonal thing to them, there's always the place for these thoughts of ours of how much they make, if they're making a lot or if sometimes they're losing money.

[_BlackStar]

Casinos will collect more Bitcoin and other altcoins when their prices drop - while they'll collect less when their prices rise, that's just the fact. I also don't know how much money they collect from their customers' gambling activity - but I'm absolutely certain that casinos consistently win some money every day. But the question now is - why are you worrying about it instead of managing yourself and how you spend money?