% of wagered VS % of deposited

Well….. its weird this one

I “seem” to earn less at casino rewards, but the way they have the commission structure it should average at 35% as on average the casino does payout around 97%, so getting an ave of 1% wagered seems fair (i know my figure are not 100% accurate – but you know what i mean)

But when i look at my 32red and intercasino account – this tells me that the wager model is much worse – then the model for amount lost.

My figures for intercasino over last 3 months are

No. of Wagers……940
Money Wagered….$7200
Revenue…………..$2245
My Commission……$561.25

Commission at wagersare would be around $72

So my players have lost arond 30% of the money wagered

Which is a huge difference to only getting comission for 3% at a wagershare model.

But i dont have many casino players(i have mostly poker) to get a true average – Maybe someone will post there last 6 months figures from either of these 2 casinos

It’s tricky because very few casinos give a wagered total and a profit total in the sames stakes.

However, I do have a couple of European bookies that also offer Casino with the appropriate stats …

Let me dig them out.

OK

Bookie Number One.
Stats over last 7 months.

Stake = $146K
Wins = $140K
Rake = $6K

At 30% share my share was $1700
At 1% of stakes my share would have been $1460.

Bookie number two
Stats over 13 months.

Stake = $242K
Wins = $239K
Rake = $4K

At 30% my share was $1300
At 1% of stakes my share would have been $2420

So … that’s showing that it’s a fair deal i think

I think your sportsbook example is very interesting but the odds for skilled sports bettors are probably a lot better than they are for a casino player who will lose all his money assuming an infinite time horizon. I´m convinced that wagershare is worse than sharing losses.

Has it ever occured to anyone to ask the Wizard of Odds to look into this wagershare isseu? This is a matter of casino maths after all, imho and I think we may be overlooking something that a mathematician may be able to pick up at first glance.

I have created my own experiment in order to partially satisfy my suspicions that “% of wagered” commission is MUCH less than “% of deposited” commission, affiliate programs.

Mathematically the comission could actually be more but is seldom the case.

After talking with the affiliate managers this is how I understand it.
Since it’s based on wagering you can figure the play-through. Assume the casino/game payback % is 97% therefore the casino profit is 3%

So ideally, a $10 deposit can generate aprox. $333.33 in play through. ($10 /.03)

My friend deposited $147.00 and played just slots games. He generated $1,353.85 in wagering for an actual comission of $17.60 (1353.85*1.3%). However, theoretically he could have generated $4899.95 ($333.33*14.7) for a comission of $63.69 (4899.95 *1.3%) which would have been higher that the rev share of $51.45 ($147*35%)

yes, i think it depends alot on the quality of your players

I bet the players the wizard refers would be great on a wagershare model – playing perfect video poker at 99.95 % win average etc lol

i dont have many casino players yet and 1/2 of my casino players are converted from poker, so my players are not going to be playing perfect video poker or blackjack etc – so for me i prefer % of losses and make more that way.

Actually, I was serious about contacting the wizard he´s geeky in a mathematical way and he won´t mind working that out I´m sure.

playing perfect video poker at 99.95 % win average etc lol

I agree and promote casino rewards wager share model on my video poker pages but I truthfully can’t say whether thats an advantage or not since my traffic is down to the point I don’t get enough visits to my vid poker pages to amount to a fair and objective number to make such an assessment.

I am freaking in a slow death with % from wagers