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Hi Everybody,
I’m very proud to introduce the new stats system we’ve been talking about. I’d also like to note that we’ve fixed the inflated downloads issue. Check out the official spec sheet on the program just below and be sure to read my personal comments at the end of this post. Your feedback is more than welcome.
The Program: Wagering Model Introduction
When your business is online casino, don’t gamble with your paycheck! Imagine a casino affiliate program where your earnings never drop even when your players win. Welcome to the RewardsAffiliates.com revolution!
New Wagering Model Features:
True 35% commission for all affiliates
No hidden fees means more commission for you!45% Beta Bonus
Switch over in March and we will pay you 45% commission on all your March
earnings – not just new players.
This is a new system and there is bound to be bugs at first. Work with us in the first month and we will pay you extra for it.Player Level Stats
Detailed information on your players.
– Country
– Currency
– Age
– Gender
– Occupation
– Activity Dates – Join Date, Date of First Bet, Date of Last Bet
– Game Information
– New/Active Player Reports
– Player ValueNo Negatives… Ever!
Commission is based on wagering and can only grow. Monthly earnings never get hit by large winners at the end of the month!Predictable Earnings
Instead of earnings fluxuating with player wins and losses, this commission formula is based on your players playing. Since you don’t have to worry about them winning or losing, your monthly earnings will be much more consistent.Cheer for your players
Now you can hope for your players to play and win! Much better than hoping they lose, huh?No longer worry about sharing in an online casinos’ profits
This may sooth some concerns.Just like a Vegas Casino Host
Did you know that this is how Las Vegas Casino Hosts work? In Vegas they call it ‘theoretical’, we call it ‘wagering’. Now you can work on the same payment model. HOW EXCITING!How commission is calculated:
Margins were taken based on PWC Payout Reports, then Payout is calculated at 35% of margin, hence margin and payout percentages below:Table (Non Blackjack)
Margin: 2.57%
Payout: 0.90%Slots
Margin: 3.71%
Payout: 1.30%Video Poker
Margin: 0.94%
Payout: 0.33%Blackjack
Margin: 1.26%
Payout: 0.44%Ok, now that you’ve read the fundamentals I know there will be questions. That’s to be expected. Post them here or Email us, we’ll field them as fast as possible. However, I wanted to address a couple of issues right from the start.
Plain and simple: Affiliates should make more money on this model on an annual basis. Simply put, this is a more reliable, consistent model that does not get reduced when players win.
That said, we are talking about a totally different payment model here. So you could have a month or two during a given year which may have been slightly higher on the old model. However, remember the new model should make your monthly earnings consistant, predictable and greater on an annual basis.
Have a peak at the official intro page to see screen shots & even more info:
http://www.rewardsaffiliates.com/main/wagering-intro.asp
Email myself or Renee to upgrade your payment model.
Is it ok to make another account to tryout this model, or do we have to upgrade our existing account?
This is absolutely, definitely the best stats system I have ever seen.
I got into poking around and I have learned a ton about my players. I also learned a ton about Casino Reward’s performance, like retention. The most transparent stats out there, and updating while you look.
These stats wll help me do a much better job, it lets me drill down on just about every aspect there is.
Great job, Ryan. And I apreciate the 45% bonus!
actyper wrote:Is it ok to make another account to tryout this model, or do we have to upgrade our existing account?Yep, of course. You can open a new account if you want, but you don’t get the 45% and you’ll have to start building up a new portfolio of players, etc.
Thanks Renée for updating my account within 30mins of asking
I really like casino rewards and will push you guys alot when my new site is up and running.
Also This was a BIG bonus for me as my balance this month so far was
($2410) my cut = (843.50) :omg:
Now with the new model im $77.13 in the green
How did you start from zero again? I would want to do this….I am around negative (700) this month
darko123 wrote:Thanks Renée for updating my account within 30mins of askingI really like casino rewards and will push you guys alot when my new site is up and running.
Also This was a BIG bonus for me as my balance this month so far was
($2410) my cut = (843.50)
Now with the new model im $77.13 in the green
No probs
Glad I could help
kdollar wrote:How did you start from zero again? I would want to do this….I am around negative (700) this month
If you switch to the new Wager Model, it’s impossible to be negative. When players win, you don’t go backwards because the formula isn’t based on wins/losses. It’s based on them playing. So as long as they are playing, you just keep earning more and more.
So if you’re negative now, when we switch you over you’ll have earned a commission based on how much that player has played. If they’ve won, they’ll likely have extra cash to keep playing with, so it should be good for your bottom line.
Hi, please let me understand this right.
If a player deposited $10,000. and lost, and his total wagering was say $30,000.
Then instead of making 35% of $10,000. which equals $3,500.
I make .33% to 1.3% of $30,000. which equals $99. to $390.
Instead of 35% of $10,000. I can make .99% of $10,000 which equals $99. to 3.9% of $10,000 which equals $390.
As in the example Monthly Report 03/01/2006 if the total wagered was $515,747.26 which is over half a million dollars I would make $5,933.32?
In what way is this change good for my bottom line again?
Thanks,
magicianHi magician,
Let’s work through those examples and I’ll help you understand.
User Deposits: $10,000
Since the games have different margins and I want to be precise, let’s use Slots as the example.
Margin & Payout Table:
Margin: 3.71%
Payout: 1.30%The average amount of times that the $10,000 deposit would normally be wagered:
$269,541.78
The amount of wager in your example: $30,000Keep in mind that the $269,541.78 is based on the margins posted on the PWC Reports for 2005. [Calc: 10000/.0371] So this is fact … not our opinion or interpretation.
As we can see the amount wagered in your example is well below the actual average. Does that mean it can’t happen? Of course not, the fact is it is possible. However, by the very nature of an average we also know that the opposite is possible … makes sense right? Think about it: $30k in wagering on $10k deposit is a 33% Margin! Oh if only!!!
We’d all be rich! However, in reality nobody would bother playing those games!The reason online casinos can brag about ‘better than vegas odds’ is because we really have them. Remember the actual margin is: 3.71% on Slots. So this situation has to balance itself out … We know we end up at that 3.71% margin again … and we have one situation at very high margin of 33%, well then we know we need to have another situation at a very low margin, to balance it out. We know this because the PWC Reports say so.
So what’s the opposite? What balances out the average from the possible scenario above? Winners, of course. It’s equally likely that a player wins during their play and keeps playing and playing and playing.
Instead of zeroing out or counting against your earnings like on the RevShare model, the more that player wins and plays the more money you make. … and… AND! Since you can’t go backwards when a winner wins … you have a reduced risk. Here we are, back at predictable, reliable earnings that won’t get slammed at the end of a month when somebody wins.
[This is why on an annual basis you should make more money. Each month should work out to about the same amount of money as the RevShare (make sense? You’re making 35% of the Margin, which is our profit … so your still getting 35% of the profit), but without the risk of getting zero’d out by a winner.]
Ok, keeping this understanding in mind, consider the second example in the post … the one from our screenshots …
=-=-=-=-=-=-=-=-=–=-=-=-=-=-=-=-=-=-=–=-=-=-=-=-=-=-=-=-=–=-=
Just so we’re all on the same page you can find this example by doing:
1. Goto: xhttp://www.rewardsaffiliates.com/main/wagering-intro.asp
2. Search for or scroll to ‘Monthly Report’. Approx 42.5% down the page.
3. Data is located on the 1st day/row of the month/chart: ’03/01/2006′
=-=-=-=-=-=-=-=-=–=-=-=-=-=-=-=-=-=-=–=-=-=-=-=-=-=-=-=-=–=-=… to quote ‘magician’:
“As in the example Monthly Report 03/01/2006 if the total wagered was $515,747.26 which is over half a million dollars I would make $5,933.32?”
If you’re used to the RevShare model, like most of us are, we’re used to the value of these two numbers being much closer together. That means if I saw $5,933.32 in the ‘affiliate earnings’ column, then I’d expect to see: 5933.32 [daily commission] / .35 [35% RevShare percentage] = $16,952.34 in the profit to casino column … not $515,747.26. Hang on a second, aren’t I getting ripped off here?
No. Why? Now the amount in that column represents wagering and the wagering is: $515,747.26. So if we wanted to get an idea of how much that would’ve been in the RevShare concept: 515747.26 [amount wagered] * 0.0371 [the 3.71% margin] = $19,134.22 Deposited & Lost.
Alright, we can all see that the $19k is more than the $16k we estimated above. Why is that? Well, I actually used the Slots margin for that calculation. If you look at the example, it’s the total for the first day of the month. So that total is the combination of all the different casinos and more importantly all the different game types (video poker, table, blackjack & slots) – which have different margins (all lower than Slots) – so using the slots margin gave us a close estimate but understandably not the actual amount of money lost.
Since the margins for those other game types are lower, it makes sense that more money would need to have been deposited in order to get the same commission. Hence the $19k is greater than $16k.
If, however, all the players at all the casinos would have only played slots on that day, we would have been extremely close to the $16k that we predicted.
Wow, I never thought I’d be spending my Friday nights like this when I signed up for this job … thank heyzeus Amsterdam is coming up :rasta:
Ryan, Renee,
Can I see the new stats or do I have to wait for the switch over to the new model?
Just sent an email to Renee.
Thank You,
dalster44Hi Ryan,
Thanks for a very detailed and complete explanation.
I thought I might be off on the ratio of deposit to amount wagered, but I had no idea how far off!
Now I like everything about it, the stats, never being negative, and I think it will be great for my bottom line! You have made a great program even better!
Thanks again, and Have Some Fun Saturday Night you deserve it!
magician
You can see a sample here:
http://www.rewardsaffiliates.com/main/wagering-intro.asp
I just love these stats, and after being wiped out two months in a row at a bundling place I am happy to give this a shot.
The math is sane and so far I am doing better this month than last. And I am not worrying about a winner coming along and wiping me out. That feels nice for a change. What I see is what I get.
I have avoided this type program before, maybe I’ll try it elsewhere now too although the numbers here are better.
The stats are so transparent it’s really great. The more I can see and the more real time it is, the more comfortable I am with it.
Also, from a legal point of view, I believe it is better not to profit from player losses. I will bring this up in Miami for sure.
The new model sounds good. Switch me up Ryan. Thanks :hithead:
