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Hi Renee and Ryan.
Can you please explain the new bonus system that is in place. From reading your website, I take it that players are given a seperate bonus account. Is it a seperate log in or does the system automatically take the wagers from the proper account?
From what I’ve read the only time a player is wagering from the bonus account is when they have busted out of their regular account? Is this true?I’m just trying to understand it so I can explain it on my web site.
Hey vluna
There is a detailed explanation of the new bonus system for players in this thread:
which was sent out with the newsletter. This is the actual email that was sent out to the players.
Just scroll down to the second heading “New Bonus System for Players”.
As you will find, the money from the bonus account is automatically moved to the real account in increments of $10 as the player reaches wagering requirements.If they wager ALL the money in their cash account without meeting wagering requirements, and there is still money in their bonus account, then they start wagering out of their bonus account…
Hope this makes sense.
If there are any further questions, please don’t hesitate to write back or email me.
Cheers
Renee:
Thanks for the link, and I’ve read the information, but still have some questions.Is the bonus account a seperate log in like some of the other Microgaming casinos used in the past (like Captain Cooks?), or are the two accounts kept track within the one account.
As well I would like to know if the money from the bonus account gets transferred as the player meets the wagering requirements by gambling with the money in their real account, or is it just after they lose the money in their real account and they gamble with the money in the bonus account?
Sorry for being so slow, but I was updating my site, and realized I couldn’t explain it, as I didn’t understand it. I sometimes find bonus accounts can be confusing.
Hi again
Sorry for not letting you know in my last post. I could swear I wrote it in, but I may have just been off with the fairies…
The bonus account is not a log in account. The only time they will be able to see that this new system is in place is when they go to withdraw. Then they will see that their total is split into a bonus account and a cash account.
vluna wrote:As well I would like to know if the money from the bonus account gets transferred as the player meets the wagering requirements by gambling with the money in their real account, or is it just after they lose the money in their real account and they gamble with the money in the bonus account?Losing has nothing to play in the part of this. When they deposit their money, the bonus is in the bonus account, their money is in the real account. As they play, the bonus money is transferred to their real account from the bonus account in increments of $10 as they meet the wagering requirements.
I hope this answers your questions
Good luck!
First of all I want to thank you for the quick response. A lot of people (myself included) complain when our questions go unanswered, but both you and Ryan are very quick to respond to questions, and I think both of you deserve praise for that……..
Thanks for the explination, I’ve always had a hard time figuring out bonus accounts, but it appears that you guys have set it up so that it is easy for the player, although I think that it is confusing to read about it on the website.
No problems vluna
I try to get to posts as quickly as possible. I know how frustrating it is to wait
Thanks for the praise by the way… Ryan and I have been working extra hard lately and it’s nice that it doesn’t go unnoticed
Bonus accounts are confusing to me also, but I’ve explained what I know the best I can, in plain English (no technical terms) so hopefully my explanation will help you to understand it too
If you have any further questions don’t hesitate to contact me
Cheers :happydanc
Please tell me whats going on. I do not understand anything at all. We dont receive 35% commisions no more? only %1? Wow great affiliate program.
I have players wagered/deposited $1300 and i have made this month $12!! How come? Before with hthe old system i would receive over $450
Can I change back to the old system?
you trick the affiliates.. this is not a good deal! I will consider contacting my lawyer for this cause I signed up with 35% commision promised by you guys. Not 1% of wagering money.
WE ALL KNOW CASINOS WIN MORE THAN THEY GIVE OUT! COME ON WHATS THIS DEAL ABOUT? CASINOREWARDS ARE……
SCAM
Holkapolka,
You used to get 35% of what players lost. If they won you got nothing.
Now you get a percentage of what they wager.
That means that if I sign under you and deposit $50 and play and play and play some slots, where I win and lose and win and lose and it keeps me playing, and then cash out $100, you still get paid on the wagering I did. The longer I play, the more you get.
This is how all the land casinos do it.
You don’t ever worry about whether your players win or lose, and you don’t get your comissions wiped out by winners, ever. What you see is what you get.
If you do the math, you still make around the same percentage on average.
As a casino marketing distributor, I and many others have come to understand the psychology of a casino player. If a player wins, he is more likely to play again at the same casino and bet all of his winnings because he believes he can win more. Casino players loose more money than they win and even though if they win they will play again as their belief of winning again increases by their first winnings.
Its this, the fact that casino players loose more than they win that makes casino affiliate programs so lucrative.
Casinorewards has given us a bad deal. Its not worthy of promoting anymore
:spam: = CasinoRewardsHolkapolka — calm down, I’m sure it isn’t as bad as you think.
That being said, I would like to find out if Casino Rewards is actually switching people over to the new commission model without their permission.
Personally, I do not want to operate under the new model. Is this a stupid move? Maybe. But — that is my decision to make. It doesn’t matter if Dominique or anyone else thinks the new model is the best thing in the world. If I wish to remain on the old plan, that is my right.
It’s fine to modify the way the commissions are calculated, but remember, to avoid violating the T&Cs that I signed up under, you do have to offer me the option to remain on the old plan. If someone believes that it would be more profitable for them to remain on the old plan, then you need to honor that request.
The last thing I want to do right now is get into another battle over retroactive T&Cs.
If I have been switched to the new model, please switch me back to the old model. Thanks. :hithead:
I I suppose an easy way to get an idea if you would make more under this new model or not would be to look at other programs such as adriches that shows what the player deposits and total wagered. If you analyzed your revenue you could come up with an easy equation for net profit per player. Then just equate what you would earn if those same players deposited and wagered the same amount through rewards affiliates. I would say if you had a hundred players that you could run these numbers with you would just get a vague idea as each 100 players are different. But at least it gives you a vague idea. As far as the program earning me more money, I don’t have enough players to run any numbers. LOL. But I am pretty sure that a company wouldn’t be pushing an earnings model that dropped their bottom line in the long run. I think the numbers would be close as far as earnings go and it is a nice feeling not to have to sweat the winners killing your monthly revenue, but as far as who is going to make more money, I would say casino rewards has a slight house edge. That is just an opinion.
Engineer hit the nail on the head. I too want to make sure WE ARE NOT BEING SWITCHED TO THIS NEW PROGRAM WITHOUT ASKING FOR IT? That is correct right?
hoLkaPoLka27,
To quote a well known book:
“Seek First to Understand, Then to be Understood …”
Please … let me help you understand…
hoLkaPoLka27 wrote:As a casino marketing distributor, I and many others have come to understand the psychology of a casino player.Perhaps … but the mathematics behind the business are a different story. This has to do with money, commission, & math … not psychology.
hoLkaPoLka27 wrote:If a player wins, he is more likely to play again at the same casino and bet all of his winnings because he believes he can win more.I agree! … and since the wager model is based on players playing … then when this happens you will earn big!!! … compare that with RevShare…
hoLkaPoLka27 wrote:Casino players loose more money than they win and even though if they win they will play again as their belief of winning again increases by their first winnings.Absolutely! Obviously there wouldn’t be a business at all if we weren’t making money! Where would the money come from to pay the affiliate?? Don’t forget, we’re still taking 35% of the money we’re making and paying it to affilialites…. So you don’t have to care whether then win or lose … as long as they’re playing you’re earning!
hoLkaPoLka27 wrote:Its this, the fact that casino players loose more than they win that makes casino affiliate programs so lucrative.Exactly! So, if you can understand the wagering model from the above examples then you understand that this gives you the benefit of the RevShare style profit (Affiliates get 35% of the margin, and the margin is our profit … so still getting your 35% of the profit) but without the worry of getting zeroed out.
hoLkaPoLka27 wrote:Casinorewards has given us a bad deal. Its not worthy of promoting anymore :spam: = CasinoRewardsI have to say that I find this humorous because you’ve actually earned 80% more so far this month on the 35% Wagering Model than you would have on the 35% RevShare Model.
again I reiterate:
“Seek First to Understand, Then to be Understood …”
Ryan,
Can you please comment on my earlier post? Both BJF and myself (and others, perhaps) do not wish to adopt the new commission model.
Thanks. :wavey:
