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Reply To: Look at these numbers!

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#698144
Anonymous
Inactive
slotplayer wrote:
Diceman,

With 8 new players you would have done better with the $50 per join.

Actually those comissions are roughly .88% of wagering. Wasn’t it supposed to be like 1.3%? Did I miss something? It’s worse than I though.

Dominique you must have some players that sit there for hours if you’re making decent $$$ with only a .88% comission.

Cheers

First, 8 new players on the wager model means 8 players have placed a bet. Not 8 players qualify for a ‘join’. So while it is certainly possible, it would be the same as batting 1.000 in baseball. That is, you’d have 100% success rate of players to joins. We all know this isn’t very likely.

Second, the numbers diceman posted:
17,168.76 $189.93
= 1.1% … not .88%. If you’re going to argue a point, at least break out the calculator for the core of your statement.

Your post also hints that you don’t really understand this model … specifically the different game types. Different game types yield different margins. Before I go on, let’s make sure we all understand what this means.

Different game types yield different margins.

This means that a dollar deposit and played on slots (1 game type) will be wagered a different amount of times than video poker (another game type).

So you don’t get paid less on video poker than you do on slots … yes, the commission on wagering is different… but that’s wagering. As I just explained a different game type will yield a different amount of wagering (on the average) than another game type. To further clarify: The same $1 deposit will produce a different amount wagering depending on the game type it was played on. So, back to the point, you don’t get paid less on video poker than you do on slots. In both situations you get 35% of the profit margin. Our profit is that profit margin, and you get 35% of it.

I hear people say, I’m only going to send slots players because I get paid better for them. It’s not the reality. The commission on wagering is different, but both should work out to the same commission amount in dollars whether it was played on slots or video poker. Obviously, this is because the video poker will produce a lot more wagering than the slots will. Similiarly, the commission on video poker is lower than slots to compensate for the difference in wagering.

Hope that helps those interested in understanding more.