So how does the referral system work? From where is the % taken? Is it added to the houses rake or payd by the house ?
If house takes 2% would that mean that the user would gain 1% of that 2%?
So lets say someone looses 100 and the rake is 2. The amount the user would get for the referral is then 0.02?
You also mention that investors gain extra depending on level. Lets say a level 2 rare with extra 8% would then gain 0.16 in that situation ? Or is it +8% of that 0.02?
An indepth explanation of how this works .
Maybe i am stupid but i could not find the "indepth" part.
Houses rake is 2% right?
From that thread it seems ferrals get 1% and sub refs get 0.5%.
Lets say pot is 100. Does house take the 2% and referals take 1% and if 0.5%.
Or is it 1% aftr house takes its rake? So 1% of 98
Explain the extra % on referrals please. Does it add to sub ferrals also?
For example extra 30% would that then make the ref reward 1.3% and the 0.5% would then be 0.65%?
Making the overall rake 3.95%?
So, let me try to clarify.
Suppose on a match and on each side theres 4 bets (placed by 8 people)
Side-A: 10, 25, 50, 100
Side-B: 10, 25, 50, 100
Suppose Side-B loses, and the person who bet $50 (on Side-B) has a refferer.
1% of this goes to his referrer ($0.05).
Thus, the loser pool of Side B is Sum[10, 25, 50-0.05, 100] = 184.95
The house then takes its rake from this value (184.95) and the remainder is distributed to the people on Side-A based on their bets.
Now calculate Side-A Sum[10, 25, 50, 100] = 185
So suppose the remainder was 370 (I know in this ex. it's not, but I'm using this figure for easy math)
The person who bet 10 on Side-A will receive 10 + (370 * (10/185)) = 30
The person who bet 25 on Side-A will receive 25 + (370 * (25/185)) = 75
etc.
Ok got it. P.S Im Guessing that 1% of 50$ = 0.50$
And for the other part? The extra % that the investors gain, was that part correct ?