This does look interesting. It's a new approach. I think I haven't seen something like this before. I'm a little excited how this eventually pans out.
I used to do this CPA thing when I was just starting out in money-making ventures on the internet
The term ‘cost per action” (CPA) is an online advertising digital marketing strategy that allows an advertiser to pay for a particular action from a potential customer. Carrying out a CPA campaign is relatively low risk for the advertiser. This is because payment only has to be made when a specific action takes place. CPA campaigns are most commonly associated with affiliate marketing. another name for ‘cost per action’ is ‘cost per acquisition’
https://digitalschoolofmarketing.co.za/digital-marketing-blog/what-is-cpa-in-digital-marketing/I even gave out free e-books and then commission sharing just to have my sign-ups do what is required for me to get payment
I'm thinking this is highly advantageous to the brand. The brand could actually get free marketing in the end. Participants are making the brand visible but it's not necessarily paying for it. Name recall is a good effect of this without shelling out money for promoters. Whenever somebody wants to try blackjack, Blackjack.fun could be the first platform to come to mind. That doesn't necessarily mean an affiliate link is used, though.
It is free marketing indeed because it's not the signup but the action of your referrals that matter there is no guarantee of sign up you have to choose the best place to employ the best marketing and target the right people, and of course since this a gambling site your referrals needs to lose.
However, this is a bit disadvantageous to the participants. Yes, they could earn big from this, but how many would actually register using their link? How many would actually make a deposit? How many would bet at least $300? This last condition is particularly the biggest challenge. I guess it would help if your account here is popular and that you're making a lot of posts. If you're a low-rank member, not influential, not making lots of posts, not very visible in other words, you'll only wish somebody would stumble upon your signature and use the link.
Bloggers and video influencers are the ones who are good at this because they can get the message across because they have their own platform where they are the ones setting the rules, gamblers will likely sign up for a guy giving instructions or tips on the video than a link which tells nothing but to land in the site.
Those who are experienced in internet and affiliate marketing have an edge on this kind of campaign