Casinoblasters stats – what are the odds?

What are the odds ?
Quite likely actually …

If that’s only the stats for 7 day then you’re doing fine. Plenty of real money sign-ups, depositors and fun players. In fact you’re doing great !!

The casinos only take out about 1% of their turnover – so for any given week it is very possible for people to win.

Over the course of a fortnight, a month or a couple of months though … the weight of probability due to continued turnover sends it your way.

Does your casino “roll-over” monthly losses? Or is the slate wiped clean for affiliates?

If it’s the latter then a good win for customers will probably help you a lot next month – as they’ll feel flush with cash and play a lot more loosely …

Keep the marketing going mate – it’s obviously working.
Well done.
:cheers:

That’s a bit like saying how long is a “piece of string” …

But here are some thoughts on the matter.

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Firstly, it’s not the number of players but the value bet that counts. Remember that the casino is paying on revenue share (I’ll assume 33%).

If we assume that it’s an industry standard that the casino makes around 1% profit on turnover – more on some games – less on others – then me can model it.

For you to get $20,000 a month – the casino needs to make $60,000 a month – and that should be achievable on turnover of $6,000,000. (yes $6m)

Of course that number wobbles up and down depending on probability – but by the time you get to these levels then you should be getting pretty steady results.

Does your casino report a turnover value anywhere on their reports ?

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In an attempt to convert that to player numbers … lets try this …

Looking at your numbers of 30 customers and $4,400 deposits you are getting around $145 deposited per customer … that’s small time punters.

I expect these players to play for small stakes … but in my limited experience of casinos affiliation … I’ve seen that people typcally turnover their bank around 2-3 times during a gaming session.

And may game online 1-2 times per week.

If we take those very general midpoints ( 2.5 turnover & 6.0 per month) then we get a deposit to turnover value of 15 … meaning that turnover is probably equal to about 15 times thier bank each month.

(phew)

Therefore … if all these assumptions are Ok … then 4,000 deposits might be reaching 60,000 turnover … and we might assume the casino will take $600 per month right now.

So you are 1% of the way to your target.

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The final factor will be player decay … that is to say some players will win and stop. Some players will lose and stop. Some players will go somewhere else and stop. And some players will just stop.

(I’ve stopped).
:hehe:

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So each week you will add players, and lose a few through decay.

I don’t think that you’ll need 100 times the players because if you can add a “whale” punter or two then tey’ll give it a big jump. Unfortunately they are also good at winning.

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Ok … that’s my mathematical attempt at guesstimating what might happen.
Is there anyone out there making $20,000 profit at a single casino that can share real values ??

I’d love to hear your success story …
:happydanc