You can view this topic mostly as a warning, to understand the scam you should dive a bit deeper into the HE and commission calculation.
I recently discovered a site called cooked.com.
Seeing they offer a vip transfer which is a great way to introduce a site to someone I sent it to few long time referrals I have.
One of them completed the transfer of $100k wager - get a 2k bonus.
They do advertise 70% rakeback which is a great thing for a player.
Given my player lost 1.4k wagering 104k - and got $756 back as rakeback that's a great thing. Now let's add the 2k bonus on completion as well. He is in profit, yay.
However where things are getting unethical is the affiliate earns and the true classification of RTP% in games.
I had measly $22 revenue from $104k affiliate wager - that's the biggest joke I have seen in the whole industry.
Taking a look at their terms for affiliates:
• Bronze Tier: 1 to 20 referred first-time depositors (FTDs), earn 10% of the house edge.
• Silver Tier: 21 to 50 referred FTDs, earn 20% of the house edge.
• Gold Tier: 51 or more referred FTDs, earn 30% of the house edge.
Earnings = Wagered × Game Edge × Your Tier % × 0.69 (after promotional costs) - this x 0.69 is absolutely ruining it for affiliates. It's as unethical as some sites have the "/2 rule" behind their commission calculation.
• Wagered = Total valid bets placed by your referrals
• Game Edge = The theoretical edge of the game played
• Your Tier % = 10%, 20%, or 30%
"We allocate more margin to referrals than most major operators — meaning more of the value your audience generates stays with you." - Let me fucking ROFL please.
https://cooked.com/refer-and-earn - terms visible here.
So after few rants they put me to GOLD tier - saying I should get wager x edge x 0.3 x 0.69
My player wagered another 45k and currently my earns are sitting on a whopping $35.43
Let's even take this calculation on the shittiest possible tier - as in 150k x 0.01 x 0.1 x 0.69 = $103.5
On my tier 3 times the amount which would be $310.5
Now where things get really unethical - They classify 3rd provider games with FALSE RTP - for example - xWays Hoarder 2 by No Limit has a HE of 1.16% but in reality it has an edge of 3.86%. And they do this with all their games.
In reality they can't change that - just open the game verify the RTP in the game instructions.
So my affiliate played 2 hours of that game on $12 bets... assuming 1 spin per 1 second he wagered $720 bucks a minute.
Add some bonus rounds and special features, let's slow the bets per second by half then we get $43200 wagered in 2 hours, which does add up technically.
So the true RTP of that game is still 3.86% therefore I should have earned 45000 x 0.0386 x 0.3 x 0.69 = $359.559 for that session alone.
Even on the unethical and misleading classification of 1.16% it should be $108.
On these pictures my panel sits at 400 bucks less than 150k affiliate wager and total earns show still $22, but panel under the player in referrals shows $35.43.
Added few screenshots to make the community understand this better:
And a vid from my player with a note:
https://drive.google.com/file/d/1mJGFtoqVMDUhdcuPowrotaI5bcyCaM_p/view
