Quote:
Originally Posted by GamblingWages
Unfortunately your players did not deposit and loose. They played free chips one month and lost the amount back the next. It is exactly for reasons like this that we keep our negative carry over policy at our own discretion. 99% of our affiliates don’t even know we reserve the right to do this because of the low frequency that we apply this rule (although it is clearly stated on our website as well as forums, we don’t hide this)
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I can't believe no-one else has picked up on this.
1. You refer a player
2. Player wins on free chip code
3. Winnings subtracted from your rev share earnings from other players this month (YOU LOST MONEY HERE)
4. Next month, free chip player loses winnings
5. Casino does not credit you for player's losses next month.
So the casino lost nothing, BUT YOU LOST money, because it reduced your rev share earnings from other players in the first month.
Add to this the ridiculous way this program counts all the free coupon amounts given to non depositors as player winnings (even if they remain unused, or ineligible for the player to withdraw) and it is nearly impossible for you to make any decent money with rev share on this program.
eg: Player signs up and gets a coupon of $100 without depositing (just picking a round number). This puts you at -$100 immediately. On a 30% rev share someone else will have to deposit and lose $333 for you to break even. If they win on that coupon it's even worse for you. And if they forget about it and don't play anything, or don't complete wagering reqs and give up, or their balance stays around $100, then that $100 (or whatever is left of it) stays around until the end of the month stinking up your stats and there is nothing you can do about it.
And of course if they then lose that $100 next month, you can bet your last dollar that gambling wages won't count that as revenue for you.
Tip for young players: never go rev share with these guys. Believe me a couple of us have done the sums and would have been far far far far far far far far far far far better off had we not gone rev share with gambling wages.