Wagershare ROGUE - do NOT promote

[AGD Terms Alert Feed]

Summary of Changes: This alert is a warning to all affiliates who currently promote Wagershare Casinos. Wagershare is actively reducing the commissions of their affiliates any way they can. This is NOT an idle warning as we have emails from many affiliates showing reduction of earnings and refusal to pay out rightful commissions. If you continue to promote this group - they WILL take your hard-earned money. Below we have re-listed the terms in their contract they are using, at this time, to reduce commissions and NOT pay earnings.In addition to this, Wagershare appears to have the highest 'lock' ratio for players. This means that you will have a lot of locked players of which Wagershare typically says 'the player wanted their account closed'. They are way above the industry normal in this respect. (earnings are removed for locked players) Furthermore, once they are marked as locked, you have no idea how much you are owed or the revenue generated by that player.It is also worthy of note that Wagershare's 'High Roller' clause is used, but there have been many issues where players are NOT returned to the affiliate's account unless the affiliate continues to follow up on such player(s) and bug the Affiliate Manager.

Guard Dog's Reflections on the Impact for Affiliates: Wagershare is now listed as ROGUE at AGD for actively applying the rules above. The rules are applied both to new affiliates and retroactively to affiliates who did not agree to the new contract.These are NOT new terms, but ARE retroactively applied after they were place in the contract without notification to affiliates.

Details:

Predatory:

5.3.6 WagerShare will only make payments to active affiliates; an active affiliate account is defined as an account which has generated a minimum of 1 new paying customer for the casino clients or the bingo clients of WagerShare within a 3 month period. If an account does not meet these requirements, at the sole discretion of WagerShare management, future commission payments may be withheld.

Warning:

" If in a calendar month the Casino Net Revenue generated by You is less than or equal to US $15,000.00, You will earn 25% Commission on the Casino Net Revenue." If in a calendar month the Casino Net Revenue generated by You is greater than US $15,000.00 but less than or equal to US $30,000.00, You will earn 30% Commission on the Casino Net Revenue." If in a calendar month, the Casino Net Revenue generated by You is greater than US $30,000.00, You will earn 35% Commission on the Casino Net Revenue.

Warning:

5.4 High-Roller Policy

5.4.1 In any given month, if an individual player generates a negative Net Revenue of at least $10,000 ('high-roller'), and the aggregate Net Revenue in that month (for the casino and sports betting) for that affiliate is negative $2,000 or greater, then the high-roller policy will apply.

5.4.2 If both of the above criteria are met (see clause 5.4.1) then the negative Net Revenue generated by the high-roller will be carried forward and offset against future Net Revenue generated by that high-roller.

5.4.3 The negative balance carried forward cannot be set-off against other players Net Revenue.

5.4.4 The negative balance carried forward cannot be greater than the total aggregate negative Net Revenue for the affiliate, for that month.

5.4.5 If there is more than one high-roller, the negative balance carried forward will be split proportionally between them.

5.4.6 The negative balance of a high-roller will be reduced by future positive Net Revenue that they generate in subsequent months. A negative balance will not be increased by future negative Net Revenue unless the high-roller meets the qualifying criteria in subsequent months (see clause 5.4.1).

5.4.7 Affiliates who have qualifying high-rollers on their account will be notified at the beginning of the following month.

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See the original AGD Terms Alert.

[HBKKH]

Yikes. links pulled.

[cass]

Not good at all. A real pity that this program has gone South!

[casinobonusguy]

Most MGS casinos have that high roller policy now.

[slotplayer]

like I said over at CAP, affiliates need to consistently mention the casino names in their posts so type in traffic/players that Google the casino properties by name see these posts. Forum posts get crawled extremely fast.

strength in numbers.

play hardball people. think keywords when you post.

[ocreditor]

Well, that's a shame
We see no logic to hold payments of life-time revenue, emphasis on "life time".

[mojo]

the sole discretion of WagerShare management, future commission payments may be withheld.

Just to give a further warning and heads up that even if you do bring in a player, it's possible that you still won't get payment. That's what happened in my case.

I've been fine and payments were always forthcoming. I didn't receive payment in January so I inquired and got that canned email telling me my account is deactivated and I must bring in a player or something like that. I wrote back and pointed out that hey - I DID just bring in depositing player in December.

So they reactivated my account but I still missed Jan payment that will now must wait for Feb payments. The 'sole discretion' of management does not inspire confidence at this point.

At least now I know what to expect and a heads up to everyone to perhaps send them a mail before payments are processed so you can remind them to pay you lol. There is no warning you won't be paid.

Perhaps Wagershare Affiliates will see this and ponder if they are perhaps getting a little carried away with all of this ill will towards it's affiliates.

Thanks for listening!

[lots0]

Unfortunately when programs start behaving like this, they are either going under or they have decided that they don't want/need affiliates anymore.

I dropped wagershare some time ago when their stats started looking "odd" and out of whack to me and their affy managers seemed more interested in getting more of my traffic than in giving me credit for the traffic I sent.

[ocreditor]

this is troubling, upsetting, but there's only one way to go about it. eff 'em

[sweetbet]

I've posted this on a few other message boards and wanted to post it here also.

Attachment 3019

After promoting the wagershare group for many years on numerous sites with 1000s of links, I received an email that my payment will be withheld because I didn't send them any new depositors in the last 3 months. I have taken a snapshot of my stats report and am attaching it to this post. The snapshot shows my stats between 1 January 2012 - 14 February 2013. During this time, I've sent them 14,407 visits, 408 downloads, 34 new open accounts, 5 new active purchasing accounts and 27 active accounts. But according to them, this is not good enough. And why is it my fault if they can't convert their own players? My conclusion is this: They are either (A) THIEVES and are possibly not displaying the real statistical reports as an excuse to steal the affiliates' income or (B) too INCOMPETENT to convert the players sent to them. Either way, I refuse to promote affiliate programs that are either DISHONEST or STUPID. Time to start deleting their links.