you guys have to keep in mind that these casinos PAY A SHIT TON OF MONEY for sponsorships.
Mizkif a 20k viewer streamer said he was sponsored for 1 hour streams and was making $35,000 AN HOUR. And he said he thinks he was low balled too.
There are streamers out there that are easily making 100k+ a month minimum just from sponsorship money, some of the top guys easily clear 1 million a month off these crypto casinos in sponsorship money and that doesn't even include the affiliate money they get. Do I think it's ok? no... but nobody here seems to understand just how much money sponsored streamers get from these casinos. That's why 90% of the time its real money you are seeing being spent... These streamers are making a lot of money and can afford to up their bets (also when guys like train and xqc showed up they muddied the waters by doing 500-1000 bets per spin, now everyone feels like they have to do the same just to get those views).
Thank you for being a bit of a voice of reason on this topic Macho Man. I'll be honest it bothers me a bit when people are so confidently claiming that the money is fake, but its also obvious that they have never thought about the economics of these types of sponsorships, and their only comments on the matter is being condescending to people who have (e.g "Ahh here comes the fanboys open your eye sheep").
Slots/Gambling is relatively new to twitch generally. But in the last year it has also close to tripled in size. Streamers being able to pull 10-30k viewers while streaming gambling for 8+ hours is pretty new, and that comes with a lot of sponsorship money.You mention the Mizkif deal, Adin Ross also accidentally leaked details of him discussing a deal and they were talking about $1.6m to $2m a month (with losses covered and referral bonus).
So people who think it has to be fake because there is no way they can afford to do $500 spins just don't understand the economics behind streaming and gambling sponsorships.
You have a point there but at least they should be honest about it instead of claiming its real and raw money. Also I don't understand how these streamers can hit such big wins over and over again... I mean they do €100 bets and win over €100.000 almost every stream like it's nothing no emotions etc. It just feels shady. And me doing €2 spins all day long I should win €2000 at least once a while, but this for some reason just doesnt happen. It's only rip most of the time while they kickin it like peanuts with the max bets just smells fishy
The point here is that it is raw, or at least there is no reason why it can't be. To be clear what I mean by raw here is that the streamer gets 100% of wins or has to swallow 100% of losses. That does not mean they are not making money outside of gambling from being sponsored. Obviously they have other revenue streames outside of this and obviously these revenue streames are huge because gambling and advertising it is big business.
You always see people talking about how shady crypto casinos are but again I think people need a bit of a reality check here. Just for the sake of simplicity the crypto casinos I have mostly played on is Rollbit and stake. I have tried like a dozen different real money casinos and the experience has almost universally been dog shit.
They mention KYC as if the crypto casinos "allow children" to gamble more than real money does. But the reality of it is that most Real Money casinos don't require KYC for deposits, you can deposit and lose as much as you want without anyone raising an eyebrow. But if you try to withdraw even just a tiny fraction of how much you have deposited and lost to the casino, they will put a bunch of KYC hoops in your way and make it a very laborious process to get your money out, and the money will have to be in your account Pending while they use 5 business days to approve your withdrawal (obviously in hopes that you will gamble it back.) Not to mention all the insane withdrawal limits they put in place like a maximum of $1k per day/5k per week etc.
On crypto casinos you can withdraw $10k or $1 million pretty much instantly, no questions asked.
When it comes to self exclusion, while I do wish crypto casinos had more options (like a deposit limit), they do have a rigid self exclusion that is generally easy to activate, I have had much more shady experiences with real money casinos, once when I tried to activate a self exclusion, I had to email a specific address, and that adress told me I had to answer a set of questions to get excluded (e.g why I want to be excluded etc) and that email included some message like if I was sure I wanted to be excluded and they offered me a re-deposit bonus instead. Completely insane.
Then there is all the shady bonuses that Real money casinos live and die by. My first experience ever with online gambling was at a real money casino where I deposited $100, won that deposit up to $3.5k, but then when I cleared the 40x wager of my deposit bonus the casino deleted $2k from my balance because there was a $1k max win from the deposit bonus. This might be obvious to seasoned gamblers but I imagine a ton of new players get tricked by shady stuff like this (And similarly with wagers). Most players starting out are not going to go through 10 pages of fine print hidden away somewhere to fully understand the bonuses they get.
The big crypto casinos on the other hand (at least the ones I've used, Stake and rollbit) don't have these shady bonuses, if you get a bonus there its generally raw cash or close to it, sometimes with a bit of a wager for new accounts or specific bonuses, but none of this max win etc.
The RTP is another thing, where Crypto casinos generally have the highest RTP of the providers (e.g 96.5% RTP for pragmatic), but i've seen a lot of real money casinos with pragmatic slots with an RTP of 93-94% which is a massive difference.
The bonuses and player rewards are also the same, Stake and Rollbit give back a decent chunk of the house edge to the player, while the rewards you get on other casinos are very small in comparison (stuff like freespins worth almost nothing.). Also a big difference with
So yeah I don't give a shit which licenses a casino uses. If you are playing on one of the good crypto casinos you are getting a product focused on giving the best benefits and best experience to the end user and it seems to be miles ahead of any real money casino. I can't understand how any return gambler would want to play anywhere else. Any real money casino I've tried (and I've tried a few advertised on this site), seem to just prey on ignorant people who don't know about the alternatives don't understand things like checking RTP, and have all sorts of shady practices.
All this being said I have obviously not tried every real money casino in the world so if anyone has a recommendation of one that does not have a shit process for cashing out, does not have scammy bonuses, does not have shit RTP and has a good reward system, I'd probably be up for trying it out.