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Hi all,
I’m posting this in the private area because I don’t want to badmouth Absolute Poker publicly (yet). :devil:
I finally landed a depositing player at Absolute Poker. Yay. But take a look at these stats:
Deposits: $100
Revenue: $1.39
Bets/Hands: 44.00
% Commission: $0.34
Total Commission: $0.34Can you believe that I only made $0.34 on a $100 deposit??? :madat:
I wondered if perhaps the player hadn’t spent the full $100 yet, so I wrote to Fred (from AP), and asked him to explain the calculation. Here is his reply:
He deposited $100 from which he played 180 hands, of those 180, 44 are raked hands, his real rake contribution is .0316. So if you take that and multiply it by 44 it comes out to $1.39 from. 25% of that is $.34. Let me know if you need anything else. By the way he has about .03 left in his account.
Why in the world does anyone promote this program? I remember reading the recent threads about how low the commissions were, but my god! I only get 34 freaking cents from a $100 deposit?? WTF? Why even bother?
Anyway, I am curious….
If someone makes a $100 deposit at a poker room, what is the typical or average amount that you might expect to see in your pocket at the end of the day? I suppose it partly depends on how good the player is — if he’s good, he’ll win more, play longer, and put more money in your pocket. I will confess, I don’t have enough data to figure this out for myself. I suck at promoting poker… thankfully I don’t suck at promoting casinos. sigh.gif
With casinos, I expect at least $30 per $100 deposit. What are the poker numbers like? I think AP is an exception to the rule, but if it isn’t — i.e. if most of you end up with $5 or $10 per $100 deposit — then I have some important decisions to make. At the very least, I’m dumping Absolute Poker. Depending on your responses, I may abandon promoting poker altogether, or I might have to investigate the various CPA opportunities…. Advice please! :help:
Thanks in advance.
Starting the first of September they changed the way that they calculated the rake. My biggest player there was making me on average $150 a month beforehand. He played the same number of hands last month and I made $22 from him. I make much more per player elsewhere, after the change. As to your other questions, you tend to make money over time on poker players. The few casino players I have tend to give the whole amount up front, if that makes sense. I wouldn’t give up on poker, but the great majority of the wealthy here are making loads more from casinos than poker.
pokermonger wrote:Starting the first of September they changed the way that they calculated the rake. My biggest player there was making me on average $150 a month beforehand. He played the same number of hands last month and I made $22 from him. I make much more per player elsewhere, after the change.Doesn’t this mean it’s time to drop them? I have 3 or 4 players there who deposited a total of $700, played 3400 hands, and I made $25.
That’s ridiculous!
So, how do they now calculate the rake? Only people that contribute to it count, or how do they do it now, and how was it before?My comission with them took a huge dip after the change, but it has been recovering.
I am not good at figuring out all the different ways this is calculated and have to rely on someone else doing it and screaming wolf – so I just go by the bottom line and Absolute’s bottom line has been recovering for me.
I to do not understand where the $1000 deposits disappear to. I wish they would figure a way to pay by deposit rather than rake.
Dominique wrote:I to do not understand where the $1000 deposits disappear to. I wish they would figure a way to pay by deposit rather than rake.Well, the problem to pay by deposit rather than by rake is that you will get “punished” for referring good players. Good players don’t need to deposit that frequently because they should be winning, which means that you will not receive as much commission, eventhough they are playing a lot, which doesn’t seem fair either.
Thanks for the replies.
To me, it just seems like a waste of time to promote something like this, where deposits of $1,000 yield only a few bucks in the end. I only have so many hours in the day, and if promoting casinos is going to be 10 times as profitable, why should I even bother with poker?
Wes, you say that it takes time to make money from poker players. Point taken. I’m curious though, about how the math would work out in the long run…
Say I have two players. I send one to a poker room, and one to a casino. Each guy has $1,000 to spend each month.
In 6 months, the casino guy would make me around $1,800. ($1,000 x 6 months x 30% = $1,800)
The poker guy, on the other hand…. well, at AP, I would make $1,000 x 6 months x roughly 0.34% = $20.40, plus whatever he wins in the games and plays back.
Now, in order for me to make decent money with poker, my poker guy needs to be a winner, right? The more money he takes from the other players, the better off I am. If he sucks, and if he keeps depositing fresh money all the time, I might make a few bucks here and there, I suppose (well, not at AP, that’s for sure). But certainly nowhere near what I would make if the guy played casino games instead….
For me, this is a question of where to put my energy. If I build 10 more casino sites, I could potentially increase my revenue tenfold (that would be sweet). If I build 5 new poker sites and 5 new casino sites, I might increase my revenue by 5 times for the casino side, and by “who knows how much” for the poker side — potentially the revenue increase could be very low, at least initially. From a financial perspective, it seems like the better thing to do would be to build 10 more casino sites and zero poker sites.
Obviously there is a lot of money to be made in poker — it’s a huge industry, and some affiliates do very well with it. If I can figure out a way to attract good players, I might stick with it. That’s the key, I think… refer experienced players. Or refer average players and *hope* they become great players quickly, and *hope* they aren’t stolen by a rakeback affiliate in the future.
I made crap with Bingo at first. Despite good SERPS. It took a year to make me anything worth thinking about. But now it is a base income I can count on. It is maybe a tenth of my income, it occupies about 4% of my online real estate, and it is regular as can be.
I make considerably more in casinos, but I also devote all my time and most of my space to them. And – there are months where winners kill the majority of my casino income. Bingo always seems to even out.
I look at poker now like I did at Bingo. I am going to give it time and I hope it will turn into another base income I can count on. If not, I’ll put it even more on the back shelf. If it does better than Bingo, I will allow more space to it.
I just wanted to comment on the fact that it doesn’t matter how much someone deposits, it’s how high they play therefore producing a quicker and higher rake.
I’m not agreeing or disagreeing with you on Absolute, we happen to do very well there, always have, and yes, after the changes our $$ dropped about 25-30%.
But you can deposit $1000 into a poker room and play 25c/50c a few hours a day and only produce $50 in rake for the month total.
