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  1. #1
    Jalle is offline Private Member
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    Default What you could get from mybet

    I will take a chance to give 1st review of mybet affiliate. It will be good insight to webmasters on what to expect from mybet.

    In brief what happened is that I bring them 100s players in short period, depositing more then 100.000GBP and they dare not to pay me and even close my account.

    if you type "mybet scum" in google first three links you see will lead you to my case dealing with mybet.


    Final warning to webmasters:
    Just be aware if you earn too much with mybet then maybe you can get NOTHING


    http://forums.moneysavingexpert.com/....php?t=1312123
    http://forum.bettingadvice.com/showthread.php?t=36004

  2. #2
    OCSDE is offline Public Member
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    Default bestbonusmoney.com SCUM

    Hey Jalle

    this is a total BullS what you are writing here...
    I'm totally satisfied with mybet, who provided me with a great service, adequate and professional affiliate managing service!

    you know, before I start reading any negative threads about any of the operators, I just check first the Profile of the User and his/her sites, who is opening negative threads.

    After I checked what threads you have opened on GPWA, I started to laugh
    https://www.gpwa.org/forum/search.php?searchid=1484148
    betway, chipleader, mybet - who is next?

    after that I checked your sites, which are totally about cash back and other stuff which is prohibited by all established bookmakers.


    I can only say, well done mybet, that you block the cheating affiliates, who build the most weird sites in our industry and create cheating affiliation systems

  3. #3
    Benitho is offline Private Member
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    That whole issue "smells" - a 90% conversion rate, almost ALL your signups deposited ?? How is that possible, while usually anything considerably over 50-60% would be good, already !? And the average ist almost 200€ for the first deposit; that I also find highly unlikely...

    I know some of the MyBet-Affiliatefolks personally, they seem very decent to me and so far I never had any issues with them.

    Ben

  4. #4
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    pompeyrayuk is offline Private Member
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    Agree 110%

    Quote Originally Posted by Benitho View Post
    That whole issue "smells" - a 90% conversion rate, almost ALL your signups deposited ?? How is that possible, while usually anything considerably over 50-60% would be good, already !? And the average ist almost 200€ for the first deposit; that I also find highly unlikely...

    I know some of the MyBet-Affiliatefolks personally, they seem very decent to me and so far I never had any issues with them.

    Ben

  5. #5
    pokerente is offline Private Member
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    Well,

    MyBet's 50% revshare is very "funny"...
    Want some examples?

    Player A: Deposits 1400€, loses everything. my Netgaming? -128€
    Player B: Deposits 1175€, loses everything. my Netgaming? -450€

    They call it "adjustments" and I've never seen anything like this.
    I brought more than 100+ depositing players resulting in a net-win for MyBet of almost 9.000€ - From these 9000€ I don't get 50% revshare, I get around 1500€ which is not even 20% revshare!

    Any ideas!?

  6. #6
    Jalle is offline Private Member
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    Default Mrs

    Quote Originally Posted by pokerente View Post
    Well,

    MyBet's 50% revshare is very "funny"...
    Want some examples?

    Player A: Deposits 1400€, loses everything. my Netgaming? -128€
    Player B: Deposits 1175€, loses everything. my Netgaming? -450€

    They call it "adjustments" and I've never seen anything like this.
    I brought more than 100+ depositing players resulting in a net-win for MyBet of almost 9.000€ - From these 9000€ I don't get 50% revshare, I get around 1500€ which is not even 20% revshare!

    Any ideas!?
    This is exactly what I was talking about

    That whole issue "smells" - a 90% conversion rate, almost ALL your signups deposited ?? How is that possible, while usually anything considerably over 50-60% would be good, already !? And the average ist almost 200€ for the first deposit; that I also find highly unlikely...

    I know some of the MyBet-Affiliatefolks personally, they seem very decent to me and so far I never had any issues with them.

    Ben
    Yes all my players indeed made deposits over 100€ and since there were 100+ depositing players, that comes to total of 100.000€ in deposits they made in really shoort time. It happens atref I advertise my bet in very popular forum.


    @OCSDE
    reply to you later, but believe me you are not so right in your ocnclusion

  7. #7
    thepokerkeep's Avatar
    thepokerkeep is offline Private Member
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    Looking at the reply you got from My Bet, I'd say you have no reason to complain.

    Our Sportsbook hold includes the BONUS amount; therefore the bonus has to be deducted! Same goes for payment costs - these are the processing costs. (Credit cards, e-wallets…) All this are costs that an affiliate shares with the operator in a NET REVENUE SHARE agreement that we had and I explained all this to you in several emails. Why you did not ask then? Even if you disregard the calculation, just have a look at deposits minus withdrawals: it is a minus of 14.928€. I believe this is a very clear picture even for someone with no experience in this industry.
    I really believe you should be extremely satisfied that we made the special adjustment for you, deducting only 10% of the bonus costs so you received a very fair commission considering the fact that we made an 27,763.96€ operating loss from your campaign only by the end of October, by the end of November it will be over 50.000€.
    I’ve seen you removed the campaign from your site, thank you for this. Just for your information, your campaign was already terminated; the bonus plan will be deactivated tomorrow in case you still have some posts about the bonus in the forums.
    I wish you lots of success for the future with your gaming business.
    You keep yelling about the gross deposit amounts as if they mean something... the reality is, you get paid on losses not deposits. From the reply above, it looks like you should be paying MyBet since they're in the hole due to bonus abuse.

    The fact they've offered to compensate you at all says a lot. They look to be going above and beyond in an effort to be fair with you. Take the money they've given you and move on....
    Terry - The Pokerkeep
    President / CEO - Gambling Affiliates Union

    Casino Affiliate Programs
    Affiliate Resources
    Gambling Affiliate Program Blacklist

    Email: admin @ thepokerkeep.com



  8. #8
    thepokerkeep's Avatar
    thepokerkeep is offline Private Member
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    I see Mybet is a sponsor here, could someone ask them to pop in and join this discussion please?

    Thanks,
    Terry - The Pokerkeep
    President / CEO - Gambling Affiliates Union

    Casino Affiliate Programs
    Affiliate Resources
    Gambling Affiliate Program Blacklist

    Email: admin @ thepokerkeep.com



  9. #9
    Anthony's Avatar
    Anthony is offline GPWA/APCW Program Director
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    I contacted MyBet Partners and let them know about the thread.
    I am here to help if you have any issues with an affiliate program.
    Become involved in GPWA to truly make the association your own:
    Apply for Private Membership | Apply for the GPWA Seal | Partner with a GPWA Sponsor | Volunteer as a Moderator


  10. The Following User Says Thank You to Anthony For This Useful Post:

    thepokerkeep (1 December 2010)

  11. #10
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    Hi,

    please excuse the late reply but we had to check the whole situation in order to give a satisfactory answer. I think there are two questions which have to be clarified: 1. How can it be that my customers have deposit, lost everything and I get no commission? 2. What are adjustments?


    To No. 1: The solution is that the deposits are displayed in our backend but not the withdrawals. As you see, all customers have 0,00 € withdrawal. The same situation is with “Turnover”. We try to implement it to minimize confusion. So “Gross revenue” is deposit minus withdrawal (minus adjustments). And that means that if the Gross revenue is negative the customer won and made a withdrawal (or due to the adjustments).


    To No. 2: Adjustments are the sum of all pay costs, royalties and taxes. The royalties are license fees on the casino and poker hold due to the fact that these are external services.

    If you have further questions please don’t hesitate to post here or contact us directly.


    Best regards,
    Alexander
    myBet.com
    Last edited by myBet; 10 December 2010 at 11:52 am.

  12. #11
    pokerente is offline Private Member
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    "that if the Gross revenue is negative the customer won and made a withdrawal (or due to the adjustments)."

    Do you really want to tell me you'd accept players making you a LOSS even if they LOSE? LOL... doesn't make no sense at all.

    next issue

    I'm getting my affiliate commission paid to my player account and not directly to my Moneybookers account. While that's a procedure I can live with, I think it's absolutely not okay to request a personal ID card, a copy of a credit card (which i dont own) AND a scan of an electric bill (etc.) just to get my hard earned money... I'm not a player that could be involved in a fraud thing but a business guy that actually wanted to send players to Mybet. It's probably not the affiliate managers fault - but things like this really make me lose interest in promoting your brand.

  13. #12
    OCSDE is offline Public Member
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    Quote Originally Posted by pokerente View Post
    .....I'm getting my affiliate commission paid to my player account and not directly to my Moneybookers account. While that's a procedure I can live with, I think it's absolutely not okay to request a personal ID card.....


    hey pokerente, this is the standard procedure for all affiliates who are get paid on player account at Gambling Providers registered in Malta, under Maltese laws!

    all of them will request pass ID, bill and so on, if those operators want to keep their licenses

    as to my experience, there are seldom exceptions when they do not ask for docs. myBet, Betsson, Interwetten, Expekt etc - there are many of them

    good luck, buddy

  14. #13
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    "Do you really want to tell me you'd accept players making you a LOSS even if they LOSE? LOL... doesn't make no sense at all."

    It makes sense if the adjustments are higher than the players losses.

  15. #14
    pokerente is offline Private Member
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    Quote Originally Posted by OCSDE View Post
    hey pokerente, this is the standard procedure for all affiliates who are get paid on player account at Gambling Providers registered in Malta, under Maltese laws!

    all of them will request pass ID, bill and so on, if those operators want to keep their licenses

    as to my experience, there are seldom exceptions when they do not ask for docs. myBet, Betsson, Interwetten, Expekt etc - there are many of them

    good luck, buddy

    I've been regularly paid three times... and NOW they suddenly want credit card scans!? LOL... cmon.

    @mybet: Ah yeah... so you make a loss if others make a winning? If a player makes a small deposit of, lets say, 50 Euros - i doubt that you have to pay more taxes and "adjustments" then all the other operators registered in Malta. And furthermore, you should fire your bookmakers if MyBet accepts players that result in a financial loss even if they lose their whole deposit. Basic school mathematics, isn't it?

  16. #15
    OCSDE is offline Public Member
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    Quote Originally Posted by pokerente View Post
    I've been regularly paid three times... and NOW they suddenly want credit card scans!? LOL... cmon.....

    you are like kids, guys
    It makes funny to see that you do not want to think logically or you are a lazy freshman and want all be put into your hand with detailed explanations of how and where.... unbelievable

    just go to myBet payment T&C for users or send a request to support, whatever.

    As I know, the Maltese providers ask for IDs each time you withdraw more than 2k€
    I'm not sure if it must be an accumulated amount or just once requested amount. Anyway, according to the Law, myBet must request those documents when you withdraw a big amount or, partially, up to a definite big amount.

    so, myBet work clear as a clock, according to the laws.

    by the way, I know few people behind the myBet and can assure you that nothing could go wrong with such managers. Their names are famous in the industry and they work hard to get it in the right direction.

    good luck

  17. #16
    pokerente is offline Private Member
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    Quote Originally Posted by OCSDE View Post
    you are like kids, guys
    It makes funny to see that you do not want to think logically or you are a lazy freshman and want all be put into your hand with detailed explanations of how and where.... unbelievable

    just go to myBet payment T&C for users or send a request to support, whatever.

    As I know, the Maltese providers ask for IDs each time you withdraw more than 2k€
    I'm not sure if it must be an accumulated amount or just once requested amount. Anyway, according to the Law, myBet must request those documents when you withdraw a big amount or, partially, up to a definite big amount.

    so, myBet work clear as a clock, according to the laws.

    by the way, I know few people behind the myBet and can assure you that nothing could go wrong with such managers. Their names are famous in the industry and they work hard to get it in the right direction.

    good luck
    I think they're doing a good job, no question.
    That doesn't change the fact that they accept players to deposit less then they have to pay on "adjustments", don't give insights on how much players won or withdrawed and require their affiliates to send three different documents - let's hope they understand the fact that i dont own no credit card and accept another document or whatever.

    If nobody complains, they can't improve.

  18. #17
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    Quote Originally Posted by myBet View Post
    To No. 2: Adjustments are the sum of all pay costs, royalties and taxes. The royalties are license fees on the casino and poker hold due to the fact that these are external services.
    Can you please explain what your "pay costs" are? Are you charging affiliates for the cost of your casino doing business with your players?

    It seems to me that your "external services" like license fees, royalties, taxes, and credit card transaction fees are a part of casino revenue.

    Here's an example of what I'm talking about. Let's say you are offering 30% "revenue" share. Your credit card costs are about 10%, license fees? let's say another 5-10%, taxes? 3-5% (probably more).

    What are you actually giving to affiliates after you take out the adjustments? What's the percentage of real revenue. How about some historical averages?
    If you end up giving affiliates 10% then good luck with that.

    I remember investing lots of time on one particular program that offered 35%. After the "adjustments" I received 12%.

    I strongly suggest dropping these "adjustments (only charge back percentages.. not full chargebacks) and be straight with the affiliates. Tell them exactly what they are earning without these subjective "charges".

  19. #18
    pokerente is offline Private Member
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    Quote Originally Posted by LiveCasinoPartners View Post
    Can you please explain what your "pay costs" are? Are you charging affiliates for the cost of your casino doing business with your players?

    It seems to me that your "external services" like license fees, royalties, taxes, and credit card transaction fees are a part of casino revenue.

    Here's an example of what I'm talking about. Let's say you are offering 30% "revenue" share. Your credit card costs are about 10%, license fees? let's say another 5-10%, taxes? 3-5% (probably more).

    What are you actually giving to affiliates after you take out the adjustments? What's the percentage of real revenue. How about some historical averages?
    If you end up giving affiliates 10% then good luck with that.

    I remember investing lots of time on one particular program that offered 35%. After the "adjustments" I received 12%.

    I strongly suggest dropping these "adjustments (only charge back percentages.. not full chargebacks) and be straight with the affiliates. Tell them exactly what they are earning without these subjective "charges".
    Exactly what I was thinking.

  20. #19
    pokerente is offline Private Member
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    I achieved my revenue today, though I didn't send further documents. Since I think this is very nice I'll send them the requested documents in the next days.

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