You nailed it knowhentohold. I said essentially the same thing when they first came out with it. Being in other business I knew when they were pushing it so hard it sent up red flags for me. No business is going to do anything long term that would dip into their bottom line. Believe me when I say any changes made for whatever reason is to put more money in their pockets first. For all the others promoting casino rewards, there is a simple solution. Ask Ryan to allow all deposits and balances to be displayed in the stats and then you take the guess work out of the equation. You will know exactly what you made under your current wagershare program. You will also know what you would have made under the old rev share program. Then just compare the two. Those who think they are doing better simply don’t have enough information to make such a conclusion. You may think you did better simply because your bottom line is more revenue for that month, but unless you know exactly what was deposited lost and won, how many players old and new, ect…and compare that to exactly what you would have made under the rev share model there is absolutely no way to come to any concrete conclusion. If Ryans sentiments towards affiliates making more money under wagershare were geniune, then I see no problem with displaying such info but most likely the decision for such info to be displayed is probably not up to Ryan and is out of his control. I don’t know any numbers, but I would be willing to bet that most people roll their deposit over on the adverage of about 10 -20 times give or take. That being said, if you had 10 players a month all who lost $500, thats a total of $5k lost and under the rev share you would make about $1500. Now just ask yourself how much would have to be wagered to earn $1500 under the wagershare and then what is the likelyhood of that wagering amount to be hit. Going by the above numbers and each player rolling the deposit lets go on the high end and say 20 times that would be $100K wagered and I think your earnings would be about $500-$600. I think if anyone had some genuine numbers on the ADVERAGE how many times a player rolls their deposit you would know exactly what would be better. All I know is it’s a bitch to have a player deposit and lose $500 only to earn $6 in commissions. I also am aware of the flip side of the player that deposits $50 and rolls that over 50 times, but anyone who gambles like me has an idea of the likelyhood of that happening and I think such instances will be far and few between. Especially when you have your nose open, your lucky if you roll your deposit over 3 times. The casinos have an inate 6th sense of when you have your nose open and I when I do the casino manages to gobble up my money like it was candy which would mean not a very big roll over for my deposit. All in all I just don’t buy his pitch that
“This model is more expensive for us to run … it’s not a cost savings measure … (c’mon guys, back me up here), the Wager Model will earn more money annually for about 98% of affiliates. this model was brought forward with full 35% profit share so we can pay affiliates more than the next guy”
Right–Im with the other affiliate here who said if they wanted to pay us more just bump our commission. Sorry Ryan, I really like you and Renee and you have some of the best support in the industry, but some of us didn’t just fall off the turnup truck. That being said I have to commend the fact that they still give you the option to be under the rev share. Affiliates really can’t bitch too much at all as long as they have the option to be under the rev share. For those who think the wager share is a bust, just change back. I am pretty sure they won’t hold you hostage under a commission program you don’t want to be part of but I could be wrong.