BullsBet Partners Audit Report

[Guard Dog]

Hello AGD community,

Today we present to you the real revenue share audit report for BullsBet Partners.

They have BullsBet Casino as one of their brands.

Affiliate Reporting Platform: Proprietary

https://www.affiliateguarddog.com/url?casino=1602

Admin fee figure found in terms and conditions/or on the website:
30% admin fee is stated in the affiliate program T&C

Bullsbet affiliates

affiliates.bullsbet.io

“NGR =[(Bets-Wins) – (Bets-Wins) * Admin Fee 30%] – [(Issued Bonuses-Cancelled Bonuses)- (Positive Corrections-Negative Corrections)]”

Test signup and deposit is made from the Country ‘Serbia’.

Date of deposit: 2nd February 2024

We deposited €20 via Skrill and took a welcome bonus of 100%.

We started playing some slots with our balance of €40

Eventually, we lost all the funds and checked the earnings report:

For the deposit of €20 NGR was €8

To summarize, the Effective Net Gaming Revenue (the amount of money deposited and lost) is 8/20=40%.

Finally, multiply the advertised revenue share rate with the Effective NGR to see your real revenue share rate, e.g:

• 25% = 10.00 %
• 30% = 12.00 %
• 35% = 14.00 %
• 40% = 16.00 %
• 45% = 18.00 %

 

[AussieDave]

April isn't here yet BUT this is definitely a JOKE!

30% Admin Fee WTF???!!!

It's hilarious really... These white-labels NEED traffic (players from affiliates) otherwise they'd never survive. Yet, the affiliates are the people who these programs RIP OFF with Admin Fees.

BullsBet = Bull$hit Affiliate Program

Edit:
Quote directly from partners.bullsbet.io

We charge a small percentage fee which is based on what your players lose, banking costs, and of course this fixed fee (%) contributes towards our license and operational fees.

FYI... 30% is NOT a small fee. Besides, affiliates don't charge programs fees to run their business. Hence, operators charging affiliates to run their casino business, is a 100% scam!

 

[AussieDave]

Actual commission payment, here's an example of how much this clip-joint steals from affiliate partners.

If an affiliate is on 40% commission, the REAL percentage paid is: 16%.

If the total GGR = $10,000 (with no withdrawals)

Less their scammy 30% admin fee = $7,000

A whopping $3,000 profit to casino/program right there!

NGR = $7,000

@16% commission = $1,120 (what these crooks pay to you).

Casino/program profit = $8,880

So from a total of $10,000 GGR which, the casino wouldn't have if it wasn't for the affiliate. These bastards are pocketing a total of $8,800 and ONLY paying the affiliate a small fraction - $1,120.

If that isn't Daylight Robbery, I don't know what is!

 

[OCGuy87]

The affiliate programs are becoming more and more outrageous. At some point there is an affiliate program where you get a negative RevShare if a player loses...