And it isnt really an affiliate sheme. this rebate opportunity is available for everyone. Even a person that signs up today and creates a syndicate pool qualifies for a 5% rebate. In this way they stimulate that there is enough traffic on their platform. Everyone can become a captain. From the moment you start creating syndicate pools you are a captain. And depending on your results you will receive followers on the platform that are willing to invest in your syndicate tickets
Its just the same like any other gambling site actually. if you refer people and they play than you also receive a ref commission on their wagered amount. If you only gamble with your referral commission that you received on your referrals wagers than you also are gambling risk free. So I do not understand why all the hassle about it. It just is exactly the same.
Ok, so it's a referral program, not an affiliate program, I used the incorrect lingo. The point still stands. You need to find suckers to fill your pools. And if you have enough suckers you don't need anyone to share your profits with, it doesn't make any sense. You could make a few "free" bets and make as much "free" money as you want.
There is something you're not telling us.
I do not need to lure people in. There are thousands of people on colossusbets and on their partners websites. And those people are not suckers. those are people that want to gamble on sports but do not have the time or skills to analyse games and create their own tickets.
The reason I want to do this as a group is to spread our chances much more. Like I said I rather own 1% of 10,000€ in total bets than 10% in 1,000€ in bets if I play on my own.
Nope that's it.
it is exactly the same as any gambling site. sites like for example stake pays you a commission on the wagers of your referrals. Colossusbets actually does the same. It pays up to a maximum of 10% on wagers. the only difference is it dont need to be your personal referrals to fill your syndicates.
Colossus has a referral system which gives you a freeplay bet and up to a maximum of 10$ for referred members.
But the rebate promotion has nothing to do with referrals. It is just an incentive for good captains that provide good picks. Cause it is what it is. If you only offer tickets that loose you will loose followers and your tickets will not get filled that easy.
So for a good captain its a nice reward. Cause to be honest I do not place my picks blind fully. Me and my friends analyse upcoming games for many hours weekly. so we consider it as a nice reward for the work and effort we put in
This is actually the purpose why I want to create a group.
Lets say I play alone. I spend 100€ to create pools and take 10% captain share. So with my 100€ I can compose a total value of 1,000€ in tickets.
Result I receive back my share through rebate. And I receive 10% of the tickets so I also will receive 10% of the winnings of those tickets.
But if we play as a group it isnt meant to fill tickets.
Lets say we are a group of 10 people and we each contribute 100€ in our group. Then our group balance would be 1,000€.
So now as a group we can create 10 times more tickets cause we have 1,000€ to spend in the captain contribution. So we can create 10,000€
in tickets.
Result. The group receives back the 1,000€ through rebate and THE GROUP earns 10% of the winnings on all the tickets.
After that the winnings we made as group are shared according to how much each of our group members contributed to our group bankroll.
The concept if my idea is just the same like a group of friends or colleagues at work play as a group on the lottery.
If you play alone you have 1/xxx million to hit the jackpot. But if they play with 25 people they have statistically 25 times more chance to win, with the only disadvantage when hitting the jackpot it must be shared with everyone.
I personally just think that is the power of playing as a group. Yes indeed winnings must be shared. But when do you have the most chance to hit the jackpot
-> playing alone with a single 2€ line
-> or play as a team on thousands of lines + receiving back the initial stake as rebate.
It is just very simple.
If you are able to get 750€+ pools filled every single week and never contribute more than 10% in your own pools than the starting balance of group can only grow because we will always receive back our share as rebate the next week + we receive 10% of all our ticket winnings.
It is not a quick rich theme but I consider this more or less as a saving account that grows slightly every single week