Casino Coin Fixes High Roller Policy

[Guard Dog]

Casino Coins have made changes to their high roller policy to ensure that the 1st month’s income will NOT be wiped out by the high roller carryover. It was an oversight in the original writeup and is now fixed.

TERMS UPDATE, Negative Carryover, High Roller Policy

7.5 In the event that an Affiliate has a player that has won more than $25,000 (a “Big Winner“) in a single month which causes the Affiliates overall earnings to be negative, Casino Coins reserves the right to contact the Affiliate to provide them two options. The formula that Casino Coins will use to determine if a player has won more than $25,000 is Total Bets less Total Payouts less Bonuses from the first of the month until 11:59pm on the last day of the month. The following points outline the two options:

1. Permanently remove the Big Winner from the Affiliates channel allowing the Affiliate to earn from the remaining player base.
2. Keep the Big Winner in the channel with the understanding that the negative Net Win from the previous month must be recouped, before the Affiliate can begin earning from that Big Winner again. It’s important to note that this is not a negative carry over adjustment because Affiliates will continue to earn the revenue from all players including the Big Winner.
   1. The negative Net Win from Month 1 is only paid back to the House by the Big Winner and all subsequent positive Net Win from the rest of the Affiliates player base will not be touched.

TERMS UPDATE, Negative Carryover, High Roller Policy

7.5 In the event that an Affiliate has a player that has won more than $25,000 (a “Big Winner“) in a single month which causes the Affiliates overall earnings to be negative, Casino Coins reserves the right to contact the Affiliate and temporarily remove the Big Winner from the Affiliates Channel (herein known as ‘fencing’). The formula that Casino Coins will use to determine if a player has won more than $25,000 is Total Bets less Total Payouts less Bonuses from the first of the month until 11:59pm on the last day of the month. The following outlines the fencing process:

1. In the event that a player wins over $25,000 causing the referring Affiliates earnings to be negative at months end, that player will be temporarily removed or fenced from under the Affiliate, until which time the Big Winner has lost back their winnings.
2. Earnings from the current month will be retained by the Affiliate, as the Big Winner will be fenced in the month in which the win occurred.
3. Once the negative net win from the Big Winner is recouped, they will be returned to the Affiliate to earn off future positive net win.

Summary:The high roller policy will now show that earnings are not wiped out the first month from all other players the affiliate has in their account.



See the full terms alert at: Casino Coins Terms Alert – ID#752
Casino

Casino Coin Fixes High Roller Policy

 

[The_CPA]

I think this almost OK, don't you?

The 25k is pretty fair to both, IMO.

They are fencing in the month is occured. Also fair to both, IMO.

If they could see their way clear to forgive the first 25k, then it would be completely good, IMO.

IE: If the player won 50, return him after he plays 25k back.

Infact, since they are going with 25k, even returning the player after he plays 15k back would be fair, IMO,..... or in the example of the 50k winner, return him after he plays 40 back.

In any event, I really happy to see Casino coins is listening and at least trying to work this thru.:emoticon-0148-yes:

I give them a big thumbs up for that.

 

[Guard Dog]

I agree. Casino Coins (and one other program to be named shortly) is doing the right thing here. Working with affiliates to get the term more in line with expectations.

Kudos to them and thanks for your commentary The_CPA. I agree with the bulk of it.

 

[inspiration]

Is there an additional report to follow the "highroller" results ?

I think the 25K level and no damage when a "higroller" hits the jackpot is a good thing.

8)

 

[Guard Dog]

Is there an additional report to follow the "highroller" results ?

I think the 25K level and no damage when a "higroller" hits the jackpot is a good thing.

8)

I will have to defer to Nick on that one... We hadn't asked him that particular question (Doh@!).

 

[sabrinacoins]

Hi Guys,

In response to inspiration's question: Is there an additional report to follow the "highroller" results ?

We are still working out the details but there will be a great deal of transparency related to a big winner. It will be a manual process of a. detecting and fencing the player and b. eventually realllocating the player back to the affiliate. The affected affiliate will get details on that big winner's activities after the fencing has occurred.

As much everybody is adverse to change, we hope that through open-communication and transparency to make this new term have a smooth implementation.

Cheers!

 

[mojo]

I think this is a heck of a lot more reasonable than the previous HR terms that we have been seeing at other programs.

Great job to all involved.

 

[mojo]

I think this almost OK, don't you?


If they could see their way clear to forgive the first 25k, then it would be completely good, IMO.

Yes, then I can agree to completely good too.

 

[The_CPA]

Just to clarify, and in an attempt to be fair and balanced with the programs too, as I mentioned,.....I think 25k is enough to constitute a big winner, and is a fair number on the program's part.
The others are doing 10k or less, which is a joke, IMO.

That said, based on the 25k figure, if they would just return the player after playing back 15k, vs. 25k, I would be satisfied with that, and could get behind this 100%.
Seems a fair balance, IMO.

Bottom line is simple. It takes a reasonable number,{25k}, to get fenced, and yet the affiliate could still a little gravy on that fenced player like they would on any players up to 25k.Am I making any sense here! LOL

Again though, I tip my hat to Casino Coins for engaging us in this discussion.
Thanks Guys!