Videoslots Deposit/Withdrawal ratio?

[gobo]

Just out of curiosity, what is your deposit/withdrawal ratio on average for 2018?

 

[KasinoKing]

Just out of curiosity, what is your deposit/withdrawal ratio on average for 2018?

There is definitely still something screwy with their reporting system...

Below are my figures for ALL of 2018.
I have multiplied all the figures by the same mystery amount for confidentiality, but all the ratios are 100% accurate:

{Edit} Realised later that I had accidentally included the 5 negative amounts in my total earnings. So have now corrected the table & my post:

So according to them, their Gross Revenue is nearly 3 times as much as the difference between deposits & withdrawals.
Making money from thin air!

The % figures are all compared to GGR - so as you can see, THEY got 24.65% of GGR AND 60% of NGR, while I just earned a measly 9.54% of GGR.
And this is why I advise anyone not already working with them to give them a miss.

{Edit} For clarity I did have FIVE negative months in 2018, which obviously contributes to my figures looking so terrible...

KK

 

[gobo]

Sweet! Thanks for that KK. It looks horrible indeed.

Not too far from my numbers. To me it seems that there is always large withdrawals as soon as someone deposits large amounts. It just smells fishy to me.

 

[Zuga]

still...from 50K in deps to 400 in commission....BS

 

[gobo]

still...from 50K in deps to 400 in commission....BS

"Yeah, but don't forget that we are converting and retaining players better than our competitors bla bla bla bla blaaaaa...."

 

[KasinoKing]

still...from 50K in deps to 400 in commission....BS

When reading your post I realised that I had accidentally included the 5 negative amounts in my total earnings.
Not even Videoslots are THAT bad!

I have now corrected the table & my earlier post.
Sorry about that!

KK

 

[Jack Lee]

When reading your post I realised that I had accidentally included the 5 negative amounts in my total earnings.
Not even Videoslots are THAT bad!

I have now corrected the table & my earlier post.
Sorry about that!

KK

Your calculation is still incorrect. You had £5,990 net deposits and your earnings are £1,550. That is 26% profit.

Regarding Gross revenue vs Netdeposits:
What you have to remember with Videoslots is that all their extras for players are wager free. So they become real money instantly when customer gets it. Either they can withdraw it or play it again. That is why the Gross is higher then your net deposits as your customer is re-gambling it.

That is one of the big reasons why they are good for players and bad for revshare-affiliates.

 

[Jack Lee]

Also remember that you will actually make money again on the re-gambled wager free bonus funds. So in reality they might not be so bad for rev-share affiliates. We only do CPA with them so didnt think about this.
So if player gets 100 EUR weekend booster and losses it, you will actually get 40% commission (minus all fees) on that bonus money, without player making single deposit!

 

[KasinoKing]

Your calculation is still incorrect. You had £5,990 net deposits and your earnings are £1,550. That is 26% profit.

Unfortunately your assessment is also fundamentally flawed: Not totally your fault though!

I also mentioned in my earlier post that their GGR did not match up with Deposits-Withdrawals.
When I checked with Miles at LAC, he reminded me that their Deposit AND Withdrawal figures include FAILED transactions!
God only knows why anyone would included that in the figures, but that is the case.
It is on their list of things to fix.
But of course, being an affiliate issue, it is probably right at the very bottom of a very long list!

Aside from that, you can't compare my earning to net deposits for a variety of reasons (of which the above is only one) - the only figure to look at is Gross Gaming Revenue.
Therefore my earnings WERE 9.54% of GGR, as I stated above, and no-where near 26%!

KK

 

[Jack Lee]

Just spoke to my affiliate manager at VS. He said there was no error with the stats for deposit/withdrawals but he was going to double check with Miles to understand why he told you the above.

However, I hope you are not saying its possible to make more money than net-deposits?
As net-deposit is the actual gross earnings.

 

[KasinoKing]

Just spoke to my affiliate manager at VS. He said there was no error with the stats for deposit/withdrawals but he was going to double check with Miles to understand why he told you the above.

However, I hope you are not saying its possible to make more money than net-deposits?
As net-deposit is the actual gross earnings.

The reports are wrong - though VS might not want to officially admit it.
Just look at the figures I posted at the top - as you pointed out, net deposits were something like 6,000, but GGR was 16,000.

As to the second point - it depends on WHEN the deposits and withdrawals were made: you can't look at one month, or even one year in isolation.
I often deposit and play for weeks, or even months before making a withdrawal, or busting out.

e.g. In my figures above a player could have deposited 10,000 just before midnight on December 31st 2017... that deposit wouldn't show in my 2018 figures, but the GGR generated from it would.

KK