I think this is how it breaks down assuming investors run at neutral ev.
App Owners: 40% house edge+10% of the 50% investor profit(5% house edge)= 45% house edge
Money Pot: 10% house edge+10% of the 50% investor profit(5% house edge)= 15% house edge
Investor: 50% house edge-20% of the 50% investor profit= 40% house edge
Oh yes, that makes sense.
So the expected total commission has dropped from 70% (50+20) to 60% (45+15).
I hadn't realized before that you can't calculate the expected commission by simply summing the 'on house edge' and 'on profit' percentages.
For example, BetKing used to take 25% up front (on the house edge) and another 25% of the actual profits. I always assumed that represented a 50% expected commission (25+25), but now it seems like it was 'only' 25 + (0.75*25) = 43.75%. Do I have it right now?