Author

Topic: The PrimeDice Rakeback Program! (Read 2162 times)

hero member
Activity: 683
Merit: 500
May 20, 2016, 01:39:01 PM
#32
Sorry for the lack of replies (and I know this is quite a gravedig... But it has to be said)

EarnMoney or Nekutsa here knew my terms.

If he didn't wager in a 7 day period an X amount he was removed from the system ... Now I've done away with it, so nobody needs to pm me or ask to be a part of it.

On average to stay in it was like 0.0733 per day (0.5BTC per week)
legendary
Activity: 1540
Merit: 1016
August 17, 2015, 02:28:35 AM
#31
OP hasn't replied and I've wagered about 20 btc. I want to get my part of the commission but I'm starting to think he lied.

Do you know his PD account? you can try to contact him there. if he still dont answer you then I suggest you to make a new account then keep wagering using that account and he can keep collect profit from you.
sr. member
Activity: 299
Merit: 250
August 16, 2015, 11:12:46 PM
#30
OP hasn't replied and I've wagered about 20 btc. I want to get my part of the commission but I'm starting to think he lied.

Last login was in August 4 and besides, he wont risk his account for a measly amount.
full member
Activity: 182
Merit: 100
August 16, 2015, 08:25:33 PM
#29
OP hasn't replied and I've wagered about 20 btc. I want to get my part of the commission but I'm starting to think he lied.
legendary
Activity: 2716
Merit: 1116
August 13, 2015, 06:25:18 AM
#28
@OP hasn't responded to my PMs yet and hasn't sent my ref earnings.

Starting to think it's a SCAM Huh

First SCAM warning.

Watch out to do not get hurt.
full member
Activity: 238
Merit: 100
August 10, 2015, 09:32:10 AM
#27
Very good idea.
I wait to implement this idea.
I will think about i play  again on primedice.
full member
Activity: 182
Merit: 100
August 10, 2015, 09:23:48 AM
#26
@OP hasn't responded to my PMs yet and hasn't sent my ref earnings.

Starting to think it's a SCAM Huh
full member
Activity: 182
Merit: 100
August 06, 2015, 04:25:57 PM
#25
Sent a PM!

Please tip my earnings to: EarnMoney Smiley

Thanks

Please tip EarnMoney the ref money I've earned, where are you gone my friend?
full member
Activity: 182
Merit: 100
August 04, 2015, 09:00:18 PM
#23
Sent a PM!

Please tip my earnings to: EarnMoney Smiley

Thanks
legendary
Activity: 3808
Merit: 1723
July 08, 2015, 07:24:17 PM
#22
Well its not a bad idea but its very low rewards. You need to understand that risking 1 BTC, even at 99% odds of winning is still very risky considering the small reward.

I think you just need to offer a higher percentage.
hero member
Activity: 683
Merit: 500
July 08, 2015, 05:53:35 PM
#21
bump
hero member
Activity: 683
Merit: 500
July 08, 2015, 08:40:34 AM
#20
Bump
legendary
Activity: 812
Merit: 1000
July 06, 2015, 10:28:35 AM
#19
I understand the idea but I doubt someone who can afford to bet 10 BTC will be happy with 0.009 BTC referral commission.

The wagering does soon add up if you bet a lot on dice and its free money really, but yeah i still think its hard to attract sign ups due to most people are looking to gamble on dice.  Rakeback in poker seems to be popular due to being able to break even/win long term in poker.

If you play on dice a lot though you might aswell sign up for rakeback, its a no brainer.

at the same time, there's nothing stopping people from referring themselves on a separate account. even though primedice takes care of this automatically, people can just a VPN or TOR to bypass this.

Yep this is another reason why cashback programs with bitcoin banking are tricky to get going.  The whole affiliate business could be shaped differently under bitcoin.
cashback programs are decent if run by the house, especially in a gambling scene that makes sense such as poker or sportsbook betting. this kind of system, where a user will be providing rake back from referral earnings promotes abuse in my opinion; since referrals will be given from a percentage of a wager, id think some people that opt in for this program would be inclined to minimum multiplier bet a percentage of their bankroll on autobet in an attempt to get the most amount wagered, ie they would do this for profit.

Cashback in poker if run by the site can really mess up the games.  Everyone plays tight to earn rakeback.  This is why pokerstars played a decent part in messing up online poker with their VIP bonus system which is basically rakeback.  Supernova elite can earn you $100k+, people just turn into robots. 

hero member
Activity: 683
Merit: 500
July 06, 2015, 09:59:20 AM
#18
bump
hero member
Activity: 683
Merit: 500
July 05, 2015, 03:59:19 PM
#17
I understand the idea but I doubt someone who can afford to bet 10 BTC will be happy with 0.009 BTC referral commission.

The wagering does soon add up if you bet a lot on dice and its free money really, but yeah i still think its hard to attract sign ups due to most people are looking to gamble on dice.  Rakeback in poker seems to be popular due to being able to break even/win long term in poker.

If you play on dice a lot though you might aswell sign up for rakeback, its a no brainer.

at the same time, there's nothing stopping people from referring themselves on a separate account. even though primedice takes care of this automatically, people can just a VPN or TOR to bypass this.

Yep this is another reason why cashback programs with bitcoin banking are tricky to get going.  The whole affiliate business could be shaped differently under bitcoin.
cashback programs are decent if run by the house, especially in a gambling scene that makes sense such as poker or sportsbook betting. this kind of system, where a user will be providing rake back from referral earnings promotes abuse in my opinion; since referrals will be given from a percentage of a wager, id think some people that opt in for this program would be inclined to minimum multiplier bet a percentage of their bankroll on autobet in an attempt to get the most amount wagered, ie they would do this for profit.
I think this is good for the house too, because people will try to do that, and fail.

I just figured I would help out the community, by giving them back some of their money they lose to the house Smiley

No different than if somebody wanted to bet 10BTC on 1.1x and win and walk .-.... But I do see what you mean Smiley
legendary
Activity: 1288
Merit: 1043
:^)
July 05, 2015, 03:36:09 PM
#16
I understand the idea but I doubt someone who can afford to bet 10 BTC will be happy with 0.009 BTC referral commission.

The wagering does soon add up if you bet a lot on dice and its free money really, but yeah i still think its hard to attract sign ups due to most people are looking to gamble on dice.  Rakeback in poker seems to be popular due to being able to break even/win long term in poker.

If you play on dice a lot though you might aswell sign up for rakeback, its a no brainer.

at the same time, there's nothing stopping people from referring themselves on a separate account. even though primedice takes care of this automatically, people can just a VPN or TOR to bypass this.

Yep this is another reason why cashback programs with bitcoin banking are tricky to get going.  The whole affiliate business could be shaped differently under bitcoin.
cashback programs are decent if run by the house, especially in a gambling scene that makes sense such as poker or sportsbook betting. this kind of system, where a user will be providing rake back from referral earnings promotes abuse in my opinion; since referrals will be given from a percentage of a wager, id think some people that opt in for this program would be inclined to minimum multiplier bet a percentage of their bankroll on autobet in an attempt to get the most amount wagered, ie they would do this for profit.
member
Activity: 84
Merit: 10
July 05, 2015, 03:12:19 PM
#15
I'd like the link. Please PM me.

Thanks
hero member
Activity: 683
Merit: 500
July 05, 2015, 01:09:17 PM
#14
hm nice idea
good luck
hm nice idea
good luck

Really good idea.

Cheers

Thanks guys Smiley

Still nobody wants to get in on this amazing offer !

Just remember, even if you lose, you still get money back!

If you win, you get a BONUS !
legendary
Activity: 2716
Merit: 1116
July 05, 2015, 08:57:45 AM
#13
hm nice idea
good luck

Really good idea.

Cheers
sr. member
Activity: 350
Merit: 250
July 05, 2015, 08:47:02 AM
#12
hm nice idea
good luck
hero member
Activity: 683
Merit: 500
July 05, 2015, 08:44:59 AM
#11
Bump |

NEW!:
Negotiate what you want via PM ! ^_^
legendary
Activity: 812
Merit: 1000
July 04, 2015, 01:07:10 PM
#10
I understand the idea but I doubt someone who can afford to bet 10 BTC will be happy with 0.009 BTC referral commission.

The wagering does soon add up if you bet a lot on dice and its free money really, but yeah i still think its hard to attract sign ups due to most people are looking to gamble on dice.  Rakeback in poker seems to be popular due to being able to break even/win long term in poker.

If you play on dice a lot though you might aswell sign up for rakeback, its a no brainer.

at the same time, there's nothing stopping people from referring themselves on a separate account. even though primedice takes care of this automatically, people can just a VPN or TOR to bypass this.

Yep this is another reason why cashback programs with bitcoin banking are tricky to get going.  The whole affiliate business could be shaped differently under bitcoin.
hero member
Activity: 683
Merit: 500
July 04, 2015, 12:47:55 PM
#9
So just to be clear, this is not an official rakeback offered as part of the site, but a service you are offering to get some referrals?  I like the idea, and if I decide to gamble there this is a good option to pad my gains/losses a bit.  Good luck Smiley
Thanks man!
Please make sure you pm me first though.

how t be under ur referal?

Must PM me, and I will hook you up if you meet the criteria... I use PM because this way I can VERIFY you are on my referral list, and I don't clog the thread.

I understand the idea but I doubt someone who can afford to bet 10 BTC will be happy with 0.009 BTC referral commission.
If they hold 10BTC, chances are they would wager somewhere around 100-200 BTC... Doing the math, that would be an extra $20-$40 that they wouldn't have had if  they just played without the system.
full member
Activity: 168
Merit: 100
http://pachinko.games-bit.com/
July 04, 2015, 12:37:29 PM
#8
how t be under ur referal?
legendary
Activity: 1288
Merit: 1043
:^)
July 04, 2015, 12:37:18 PM
#7
I understand the idea but I doubt someone who can afford to bet 10 BTC will be happy with 0.009 BTC referral commission.

The wagering does soon add up if you bet a lot on dice and its free money really, but yeah i still think its hard to attract sign ups due to most people are looking to gamble on dice.  Rakeback in poker seems to be popular due to being able to break even/win long term in poker.

If you play on dice a lot though you might aswell sign up for rakeback, its a no brainer.

at the same time, there's nothing stopping people from referring themselves on a separate account. even though primedice takes care of this automatically, people can just a VPN or TOR to bypass this.
legendary
Activity: 812
Merit: 1000
July 04, 2015, 12:34:21 PM
#6
I understand the idea but I doubt someone who can afford to bet 10 BTC will be happy with 0.009 BTC referral commission.

The wagering does soon add up if you bet a lot on dice and its free money really, but yeah i still think its hard to attract sign ups due to most people are looking to gamble on dice.  Rakeback in poker seems to be popular due to being able to break even/win long term in poker.

If you play on dice a lot though you might aswell sign up for rakeback, its a no brainer.
legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
July 04, 2015, 12:29:09 PM
#5
I understand the idea but I doubt someone who can afford to bet 10 BTC will be happy with 0.009 BTC referral commission.
sr. member
Activity: 308
Merit: 250
July 04, 2015, 12:05:21 PM
#4
So just to be clear, this is not an official rakeback offered as part of the site, but a service you are offering to get some referrals?  I like the idea, and if I decide to gamble there this is a good option to pad my gains/losses a bit.  Good luck Smiley
hero member
Activity: 683
Merit: 500
July 04, 2015, 11:34:07 AM
#3

I tried this for a while with higher rates infact but its very hard to get sign ups no matter what the rates you offer, i've actually got more sign ups from just sticking a link on dice youtube vids i made.  Anyhow, good luck!
Thanks buddy Smiley I've made a video as well ^_^

https://www.youtube.com/watch?v=LTtgfJKDIc0
legendary
Activity: 812
Merit: 1000
July 04, 2015, 11:28:07 AM
#2

I tried this for a while with higher rates infact but its very hard to get sign ups no matter what the rates you offer, i've actually got more sign ups from just sticking a link on dice youtube vids i made.  Anyhow, good luck!
hero member
Activity: 683
Merit: 500
July 04, 2015, 07:34:07 AM
#1
Hey Players!

As many of you all know, some players requested to have their commission percentage raised to gain more off of their referred earnings.

You also aren't allowed to refer yourself, as that would be considered cheating, and chances are you would lose your bitcoins.

What is the PrimeDice Rakeback Program?

It's a system that is not new, but I'm implementing so that many of you 'high rollers' can make an extra bang for your buck.

What is RAKEBACK?
As google translates it:

 "Rakeback is the part of the rake that you get back either directly from a poker room or from a poker affiliate".

Surely PrimeDice isn't poker, but it still works the same way.

The PlanBTC:
I make 0.2% of all rolls made by my referrals. That translates to 0.002 BTC for each 1.0 BTC Wagered.
Rates will be updated in the near future, but I'm currently looking at paying 45% of whatever you earn me.
Example:
You wager 10BTC, I earn 0.02BTC in commission, and you get 0.009.

Now if you also think about this for a moment. If you wager 10BTC, profit yourself 1-2BTC gambling, you get an extra 0.009BTC just by being my referral

After you sign up using my referral link, and verified you are indeed part of my REFERRALS, you will earn yourself a spot in the earnings!

Who is eligible?
  • Anybody whom holds 5BTC currently in a wallet
OR
  • Currently Holds 20BTC in total wager and has a minimum of 0.1BTC.
Anybody whom holds 5BTC currently in a wallet

How do I know you won't just keep the commission?
Well that's a risk you should be willing to take.
Whether you play on your own account, or this new account you lose nothing, and I gain something.
But I don't intend to walk out on anybody... Because I'm not giving you 100% of all commission, I will always make something for myself.

Why would you want to split the profit with players, and not keep it for yourself?

I could get lucky to find some high rollers that want to play, but I'm essentially doing this for a commission achievement (Earn 5BTC Commission), and I wouldn't mind paying it forward and thanking you all for helping me get to a goal.
Calculated amount required to get to 5BTC commission is: 2500BTC
Calculated amount given back to my referrals :                                                           2.25BTC (That's almost $500 in FREE TIPS)
Calculated amount I will earn:                                           2.75BTC       

When can we request PAYOUT?
When you have a balance of 0.001BTC to withdraw (Total Wager * 0.002 * 0.45)


Post below if you would like the link to be my referral, and we will talk via PM so that we don't spam the forums, and we can talk privately Smiley




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