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No one will do this if you dont give any weekly bonuses!

how come?

Why would they, when you don't offer any bonuses and others do. Check out other threads to find out more if you are interested.
Btw I think you could have picked a better name then one that includes bandit, it implies that you take their btc from them. I know you do, but that is just not good marketing strategy.

It's a reference to the one armed bandits from the past, which are the first slot machines.

Does is matter if you call it a bonus or % from the profit. Isn't the total amount of money one makes that matters at the end of the day?

Also we don't ask to be the only ones in the sig.

So, if I add BitBandit.eu to my signature I can only earn from that by the persons I refer? I kindly decline.

Ok lets break it down a bit.

From one side you can make about $5 per week or 10c per post as the most sig posts offer, and as soon as you stop posting those pocket money are gone.
On the other you can be taking 30% from everyone that clicks your sig and goes to the site and take those 30% for years to come... Knowing that gambling is huge business and single person can easily gamble whole BTC or so.....at least for me the choice is obvious. Hell, even the fact that how much I will make will be kinda of a surprise is attractive to me :)


The bitcoin community is supposed to be a visionary bunch, people that can thing in perspective, i would take opportunity to make uncertain hundreds or thousands before opportunity to make guaranteed money but $5....

If you are going to skip this opportunity at least click my sig to help with achieving mine :)

Yes, hopefully more people will see the opportunity in this.

I do get where youre coming from, but maybe a bonus on top of that for posts we make would get more people to join?

What bonus on top of that you would consider fair?

Signature automatically removes the affiliate url.It shows link removed, please fix it. Great promo, thanks for the nice opportunity

You need at least 10 posts and then links can be added!

30% of profit = 30% of house edge.
Let us assume a high 10% house edge.
You will hence get on average , 3 % of what your referrals bet.

Not many people click on a link like this and even if the bet anything , you will earn just 3%.
For it to break even , you need people to bet 0.33 BTC per week to get 10 mbtc per week , which is the average you get from many signature programs.
Nobody will click on your link and bet over a BTC per month.

Good luck anyways,
jambola2

That is true..

Thanks for the nice information, i will replace it when i cross 10 posts

Yes that's true. Infact it's even worse because the house edge is just 1%.
At least that's the theory. Well in practice, some people just lose everything they deposit so you will get 30% from whatever they deposit, which is nice.
If they win, we of course don't take money back, so you are good as well.
If they  gamble long enough so they are close to the projected 99% payback, yeah you will get 30% from 1% which would be peanuts.
So you will get nothing from one part, minimal from other, and quite nice payout from the 3rd group.


I believe people will make more money that way, but lets see what the first few will report after a week. Until we have actual data, everything else is speculation.
If it doesn't work out, I'll change it of course.

So , with this new data , you will need people to bet 13.33 Bitcoins using your referral link , every month for it to be worth it.
This starts sounding more and more worthless.

My suggestion is to offer bonus credits in exchange for signatures.
Maybe 1 week signature = 0.005 BTC of bonus credits.
These can be cashed out when you cross 0.05 BTC ( 10x turnover )

Well I believe I explained this is not really the case in real life scenario.
Imagine that just 1 person deposits 0.1 and loses them all, here is your payment for a month.
Now what are the chances for this to happen? Well I believe they are good considering you have a month.
And there will of course be other people...

the key here is that you get your share from the loses, but don't get negative balance for the wins.
So, the odds are skewed in the referrer favour.

Anyway, all this is useless speculative discussions. Lets wait for the real world data.
I like your idea about the bonus credits, but I will see what happens with this offer first.

Well jambola2, you made me think a little about it and what the hell, lets try it seriously.
I think you will be glad to see this -> https://bitcointalk.org/index.php?topic=463824.new#new

:)

Still looking for sigs!

Removed

Re

Hah :) yes ... their offer is not to good according to better ones :P

But :) anyway wish them all best!

The test run sounded good , but lets compare this to other campaigns.

Participant 2 would have earned nothing at all and Participant 1 would have earned a small fee , lesser than most other campaigns.

You said that Participant 1 earned an approximate of $0.0816 per post

On the other hand , most campaigns offer 0.0002 to 0.0005 BTC per post.
If you assume BTC to be 500$ , for simplicity sake ,
This ends up at 0.1$ per post for the cheapest campaigns and 0.25$ per post at the best ones.

While you take into account the fact that the players will stay for a long time and pre-existing users will be again , you must realise that as this campaign becomes more popular , there shall be lesser referrals per person and hence they shall earn lesser in comparison.

Eg : In the beginning , everyone wants to try the new slot machine site and 50 people want to try. There are 5 people with signatures and each gets around 10 referrals.
Later , most long term gamblers have gone dry and most people have already tried the website , only around 50 people are still playing. However , your signature campaign now has 50 people and each person has barely a single referral , who wouldn't be spending as much.

TLDR; Going for this campaign , you have a minute chance that someone will click your referral link and bet 1 BTC , but in most cases , this campaign falls short as compared to other campaigns.

You will need to make a base payment to make this campaign be attractive.

Anyways , best of luck ,

Jambola2

I see where you are coming from, but you have to admit we just started and we are really far far away from market saturation.
Even if or when we get it, the ones that have been running it from the start, will be greatly more rewarded as it should be.

Participant 1 earned 90% of the fixed fee the first week. The second week he will be earning better than the fixed fee. How is that not good?
Of course you will have to be active to do that, which is also fair I believe. You get rewarded proportionally to your efforts, without the need to be monitored.

Delete

bump for some more sigs

BitBandit.eu A SLOT MACHINE WITH GENEROUS PAYOUTS AND AN AFFILIATE PROGRAM !
 (https://BitBandit.eu/?r=YOURUSERNAME)

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BTC  No registration needed , start playing for real within seconds BTC Provably fair and transparent BTC You can win up to 5000 times your bet BTC You also get 30% of what your affiliates spend !


I've tried to make it look better.
Tell me if you like it :D

Also , try updating the statistics for the few people in the signature program.
In a month or so , their revenues will start falling.
Most people try a new site , just because it is a fresh new idea.
Soon , the referrals will start gathering much less revenue.

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I might be just lucky, since I don't even post much, but so far I've made 0.023 from my sig which I managed to get to 0.03 with gambling :)
yes I'm lucky!

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