How it works:
1) PM me the site you want to play at.
2) I will give you my referral link.
3) You play.
4) You win, you take home the profits, you lose, you get a per cent of your net loss back.
I just checked PRC's affiliate program. If you refer me, and I wager less than 1000 BTC, you get 0.01% of the amount I wager. Since the house edge is 1%, that is expected to be around 1% of the amount I lose.
So your expected earnings from my play would be the same as my expected refund from you. That makes your insurance policy have an expected profit of 0 for you. So why would you offer it?
Edit: maybe when you said "a per cent" you meant "an (unspecified) percentage". I interpreted it as "one percent", but you probably don't mean that.
Edit2: do you offer the service on satoshidice too? Their referral program is very strange in that if you refer a winner they charge you 10% of their losses.
I will give around 80 to 90% of referral income. 90% for high-rollers.
Yeah, I didn't mean 1 per cent. Some sites offer 30% of Net Gaming Revenue.
Satoshidice? Yes. I am testing it since i already got a request there.
Do you know how exactly it works? I mean when they will pay? Can I reset my ref income etc?
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