Just checked today and finally seeing some recovery on our investments after THAT heavy loss incurred. I divested after that, gambled to win back everything lost, and reinvested on 17th April, nice to see 11% gains already. I wonder if the whale came back to play and lost or we're just getting a lot more new players here?
In lock down we have many new players from rest of world and most of are really enjoying this site as recently I was checking few sites which was saying online casinos have some good traffic and now many are doing very good in long run.
It is a casino after all which means they will basically be the place that will make the money thanks to house edge. Certainly there will be times that even the house gets unlucky and lose but think of the average how much they could make, game is designed to make the casino win.
So, after a big loss it makes sense that there will some sort of bigger increase in the profits eventually since the loss can't continue forever. That is literally the reason why people are investing into casinos because they know that as much as there is a chance that people could win time to time eventually gamblers will lose because of the house edge. I would personally expect even a bigger return in the near future because the people who won will keep on gambling and eventually lose more.
You do not have to make the money back constantly, you could constantly lose as well if you get in at the worst possible moment, sure you can recover eventually but could take years even decades. Now you might think, if the casino is making profit constantly, how could I never recover? Well, there is a simple calculation to that. You could get in right before a horrible fall, some whale wins, your 100 dollar investment becomes 80 dollars, there isn't much investment right now compared to what it could be in 10 years, so you fall harder.
You wait for a recover but there are some other people investing so your recover gets smaller, then right as you became like 85 dollars, some whale may come back and win again, which makes you 75, and then people will invest more and this could go on, you may lose because of whales but not earn because of bigger investors.
