BETDAQ Affiliates Terms Update

[AGD Terms Alert Feed]

Summary of Changes: This alert happened in November and was a result of request for certification. These changes add 'No Negative Carryover' to the terms and removes the 'active player' clause.

Guard Dog's Reflections on the Impact for Affiliates: Excellent Changes by BETDAQ. They will now be certified by AGD. Thanks a ton Ruairi and team!

Details:

Good:

4.9 There will be no negative carry over applied to affiliates as a result of customer losses.

Good:

13. TERM AND TERMINATION 13.1 This Agreement shall commence on the Commencement Date and, subject to clause 13.2, shall continue until either party serves 20 Business Days written notice of an intention to terminate. 13.2 BETDAQ may terminate this Agreement immediately in the event that the Affiliate (a) breaches any of the terms of this Agreement which, in the case of a breach capable of remedy, has not been remedied within seven days of receipt of a notice from BETDAQ specifying the breach and requiring its remedy; (b) is unable to pay its debts as they fall due or make any voluntary arrangement with its creditors, become subject to an administration order, have an administrative receiver or receivers appointed in respect of the whole or any part of its assets, go into liquidation (voluntary or otherwise save for any voluntary liquidation entered into solely for the purposes of a bona fide reconstruction or amalgamation) or be made the subject of a bankruptcy order or ceases or threatens to cease carrying on its business; (c) in BETDAQ's opinion, is in breach of the terms of any applicable advertising code of practice (Advertising Standards Authority - http://www.cap.org.uk/The-Codes/CAP-...%20Sections#c4) or; (d) does not introduce any new active customers to BETDAQ for a period of six (6) months.




See the original AGD Terms Alert.

[Anthony]

Well done BETDAQ!

[Ruairķ]

Thanks Guys!

[thebookiesoffers]

nice work

[xecutable]

Congrats . Thank you for your efforts Ruairi. Betdaq has now excellent terms!

[universal4]

Way to go.... I don't have the time right now....but will certainly add this group to my list of programs to look at and consider adding in the future.

Rick
Universal4

[thebookiesoffers]

Way to go.... I don't have the time right now....but will certainly add this group to my list of programs to look at and consider adding in the future.

Rick
Universal4

to be fair Ruairi is up there with some of the best managers even though I've only worked with him a couple of months. and every month the revenues are getting better and better

[justbookies]

Well done. With Betfair Affiliates having their eye well and truly off the ball at the moment, you guys can take advantage.

[baldidiot]

Pat on the back for betdaq! Thanks for working with AGD to come up with terms that are friendly to affiliates - it is noticed. I have a massive queue of things to do before the LAC but I'll definitely be adding betdaq afterwards.

[J23]

Hi, I tried to email Betdaq to ask but haven't heard back maybe it's quicker to check here:

"Net Exchange Commission" means total commission generated by BETDAQ from exchange betting via the www BETDAQ com and www BETDAQ co uk internet sites less adjustments made for any deposit charges, credit card charge-backs or any other reversal of a payment, fraudulent or otherwise voided or modified transactions, bad debts, the cost of any promotional offers (including but not limited to any sign up bonuses and free bets), payments to any sporting bodies (including but not limited to any football governing bodies, British Horse Racing Board and the Irish Horse Racing Board or any similar body in any jurisdiction) and liability to any betting duty or licensing fees for data or other duty, tax or expense that may arise;
this includes free bet costs, chargebacks, deposit charges, licensing fees

"No negative carry over as a result of customer losses"

Does customer losses include chargebacks, free bets and other fees listed above, so everything that is negative gets zeroed off for the following month?

thanks

[Ruairķ]

Good morning j23,

If you ever need to contact us please e-mail affiliates@betdaq.com

Now in relation to your query, BETDAQ do no apply negative carry over to any affiliate accounts. As a Betting Exchange, we charge a small commission on winning bets so BETDAQ only make money when the customer does. As a result, if you send us winning players, we all make some commission.

On the flip side, if you send losing players, there is no consequence for the Exchange or the affiliate. Therefore you can always be assured that your affiliate account will not be negative when promoting our current range of products- Exchange, 1Bet, Poker, Multiples.

In order to check out this week's promotions, please visit the BETDAQ forum: http://bit.ly/HMRjAa

Many Thanks,
Ruairķ

[J23]

Hi Ruairi, I understand the difference between a bet exchange and a bookmaker.

My inquiry was can the affiliate's account go into negative if the other deductions stated in your net exchange commission definition

"less adjustments made for any deposit charges, credit card charge-backs or any other reversal of a payment, fraudulent or otherwise voided or modified transactions, bad debts, the cost of any promotional offers (including but not limited to any sign up bonuses and free bets), payments to any sporting bodies (including but not limited to any football governing bodies, British Horse Racing Board and the Irish Horse Racing Board or any similar body in any jurisdiction) and liability to any betting duty or licensing fees for data or other duty, tax or expense that may arise"

exceed the commission earned from the referrals?

If there are chargebacks, free bet costs, or other fees that are higher than the player has earned would that also cause the account to be negative? The T&C says "no negative carry overs from players losses", but as you said players losses wouldn't result in a negative for the affiliate for a bet exchange.

If that is the case, would these negatives be carried forward?

thanks

[Ruairķ]

Good morning J23,

The simple answer to your question is no- the deductions stated in our definition of "net exchange commission" will never exceed the commission earned from your referrals. As a result you will never have a negative amount carried forward into future months.

It is important to note that the minimum payout is €50, so affiliates must reach this revenue target before eligibile for payment.
Hope that helps clear things up.

Thanks

[xecutable]

And the reason why it wont is one player's loss is another player's gain. Betdaq gets nothing and loses nothing when someone loses their money. Simply another player gets them. It's like a bet between 2 people. Either way you charge 3% whenever one of them wins.

[J23]

hi thanks both for your replies.
Yes, I understand how a bet exchange works, but I think it's still possible to go into negative for a mth on a bet exchange.

For example, with the free bets, the bet amount has to come from somewhere, Betdaq would be the one that funds those, right?

So if one of my referrals signs up on 29th April, plays a lot and pays out £200 commission for wins in the month and accumulates £200 free bets which they don't yet play. At the end of April I get paid 25% of the £200 revenue commission (£50). Then the player logs back in a week later (May) and loses the £200 free bets, which results in -200 for Betdaq, wouldn't that mean that my revenue reward for April would be £50, and the net revenue for May would be -£200?

So I would be paid 50 for April, and then Negative 200 for May?
Is this scenario correct or am I off track with the way that the free bets work?

Also, does this mean that Betdaq will absorb chargebacks, or what happens if the chargeback amount exceeds my earnings, can this go into a negative?

[Ruairķ]

Goor morning J23,

Thank you for the post.

First of all this is not how the £200 in free bet works. Customers must pay much more than £200 in commission to earn a total of £200 in free bets. You are right the free bet does come from somewhere, BETDAQ incurs the cost of these free bets in order to reward customer loyalty. Please familiarise yourself with the terms & conditions of the £200 free bet here - http://www.betdaq.com/UI/Default.aspx?pc=ALLBDQ03

Secondly, a small % reduction is made on commission generated by affiliates to cover the cost of free bets, promotional offers, payment to sporting bodies, licensing fees, etc which is clearly outlined on the first page of our Terms & Conditions. As a result, even if one of your players earns up to £200 in free bets (we have a £30 no lose first bet atm), the affiliate will not incur a negative.

BETDAQ organizes our sign up bonuses to reward loyalty, so if your referred players are earning free bets & bonuses it's because they have earned them, and by offering them free bets we can prolong the life of the customer. This is good news for the operator but also the affiliates. Another retention strategy we have in place is BETDAQ Rewards - https://www.betdaqrewards.com/

Finally, take my word that whatever profits you generate from referred customers will be yours, they won't be taken away via chargebacks or negatives. As it stands our program has no negative carry over & lifetime revenue share across 4 products- Exchange, 1Bet, Multiples, and Poker.

[J23]

Hi Ruairi

Are you certain there is no situation where an affiliate can be negative?

If I refer a player who pays £25 commission for the month of April, then I earn 25% rev share which is £6.25 for April.

Then if the player uses their £25 free bet in May and I get no other commissions for that month, wouldn't my net rev for the month of May be negative?

Sorry to go on about it, I just want to make sure I understand it correctly for this type of scenario, because isnt that calculation how most programs operate?

[Ruairķ]

Hi J23,

In the scenario you have outlined above, BETDAQ will incur the cost of the Free Bet.

If you can refer us a player who generates £25 in commission, we are happy to reward that kind of loyalty. It's called a retention-strategy.

As I said a small % of your players earnings are taken to cover the cost of free bets, but it's a % reduction on a positive number, so you can never have a negative amount in your account. This relates to current products- Sports Exchange, 1bet, Multiples & Poker.

J23 have you registered to join our program?

We also have a new sign-up bonus if you feel it would be more effective than the £200. The new bonus is a £30 no lose first bet.