House edge is 2-3% in most casino games? Does everyone get 30% of 2-3% of turnover? (about 1%) Seems unlikely …
(but I might just be being a bit thick today).
Here is what is on the partypartners website:
DEFINITIONS FOR PAYMENT PLANS: HOUSE WIN REVENUES
We calculate “House Win Revenues” as 1% of the sum total of all of your real money players’ wagers on House Win Games. We deduct from this: (i) redeems including the cost of “credits”, “bonuses” or other promotional amounts given to Players by us including Sign Up Bonuses; (ii) transactions that are reversed by instruction from the card-holder’s bank (charge backs) or by or on behalf of us (credits or amounts given); (iii) any uncollectible revenue attributable to your real money players; (iv) monies attributable to fraud; (v) processing charges; (vi) sums paid by us to your Real Money Player to resolve a dispute; and (vii) any other un-collectable revenue or deductions we are entitled to make in respect of that Player according to our Standard Terms and Conditions of Use.
I am not sure if that is just for blackjack or for all the casino games. The house edge is greater than 1% on most of the casino games, like let it ride, 3card poker, roulette, etc. This is rediculous in my opinion. You can have a guy lose a million dollars on high limit blackjack and you only make a few grand. We need to lobby for a percentage of the net loss, like they do with starluck casino. Otherwise, we are going to be making them rich while they feed us scraps.