Quote from: Wh0CaR3s on May 11, 2017, 10:37:50 AM

Betcoin just announced their decision regarding Xiaoxiao, it is quite hard to follow what the future holds for Xiaoxiao revenues (more details below) but one thing for sure, right now players/Xiaoxiao's clients are getting fucked over.

https://www.betcoin.ag/xiao-rakeback-update-thread

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Update on Xiao Rakeback Promo - Since 6th May, 2017 the Xiao Rakeback account was closed due to a breached promise between XiaoRakeback aka Harryjr and his affiliates. This is not the first time an affiliate that offered additional rakeback outside of Betcoin has ended their service as almost everyone is fully aware. We will follow a similar path that was traveled before, however because we believe Xiao's affairs were not handled properly we are permanently closing the account until Xiao returns the funds to his affiliates through April 30 . Additionally, we are removing Xiao as an affiliate from the players over the next week. Lastly, we are in discussions with Xiao about how he can best make things right for his players with the funds and there will be follow ups to this posted here. We are currently in the process of calculating the outstanding amounts and will keep you updated. Thank you to everyone for your continued support, it does not go unnoticed

Imgur: https://imgur.com/a/9RAM0

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When grindabit ended their program they announced it and paid until the date ended. Xiao did not pay until the date ended. The date ended was the 30th of April, 2017, Betcoin is working with Xiao to assist in recovering funds to that date, however the exact same as Grindabit the program has ended. You were paid all the way until the end of the Grindabit program, therefore it did not need to be done for Grindabit affiliates. Both programs have ended. All parties were treated the same.

https://imgur.com/a/TM7LU

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the program has ended and no additional rakeback will be received outside VIP rakeback. It is the same scenario with the exception that Xiao will not earn from the players that he has referred until he has paid back the entire amount owed through the 30th, April 2017. Any earnings will be paid back to the players first until complete. At that point his players go back on the normal affiliate deal. He has performed a tremendous amount of work in bringing in the players.

https://imgur.com/a/IM9XE

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[Player asking] Where does it say anywhere the program was ending on April 30th?
In the post above.

https://imgur.com/a/WhlUh

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The players will not have an affiliate until Xiao repays the amount owed to his players at that point management will discuss in further detail. Players will not choose a new affiliate as the Grindabit players were not able to. Grindabit and Xiao provided services to their players outside of Betcoin that provided good value to their players, but those services have ended.

Please read it carefully, any funds collected in rakeback go back to the players until the players are paid in full and at that point Xiao is on a regular affiiate deal as any other affiliate and the same as Grindabit. Betcoin does not receive anything from this and it becomes the same affiliate relationship ever other player and affiliate shares at Betcoin.

https://imgur.com/a/rTg5L

Multiple points here:

1) Xiaoxiao affiliate RB program has apparently ended on the 30th of April without no one knowing it.[/color]
Betcoin is promising that the funds up until 30th April will be paid by Xiaoxiao, why up until 30th April whereas Xiaoxiao announced that he did scam his clients on the 6th of May ?
https://bitcointalk.org/index.php?topic=1612688.msg18891364#msg18891364
https://imgur.com/a/dlt8D

2) After having paid his debt (debt owed up until 6th of May and certainly not up until 30th April), is Xiaoxiao receiving 40% of RB of his clients ?
What Betcoin is saying is contradictory and so, on multiple occasions.
"Additionally, we are removing Xiao as an affiliate from the players over the next week"
"Any earnings will be paid back to the players first until complete. At that point his players go back on the normal affiliate deal. He has performed a tremendous amount of work in bringing in the players"

1) + 2) Xiaoxiao's clients will not receive anything after the debt is paid, forbidding them to change affiliates and forcing 40% of their rake to go for life to the thief who stole their funds ?
"the program has ended and no additional rakeback will be received outside VIP rakeback"
"any funds collected in rakeback go back to the players until the players are paid in full and at that point Xiao is on a regular affiiate deal as any other affiliate and the same as Grindabit. Betcoin does not receive anything from this and it becomes the same affiliate relationship ever other player and affiliate shares at Betcoin."

Some things to remember.
a) Xiaoxiao's 33% RB was for life.

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Announcement: Due to the constant complaining regarding the high percentage I am able to offer, management has notified me that my commission has been reduced.

Beginning the week of August 8th (in 17 days), additional rakeback will be reduced to 33%. I know this may upset some of you, but this is mandatory. If I don't make this reduction, I will be operating at a heavy loss, which obviously isn't feasible.

Referrals will continue to be 5% of the player's net rake, which is unbelievably high considering the high volume players will put in on this program. Many sub affiliates of mine have been consistently getting 50-300 mbtc each week just for referring high volume players dying for a deal like this.

Anyhow, the 33% will be permanent beginning August 8th, and it cannot go any lower in the future. I will continue to bargain for the highest percentages for you guys. Take care!

https://bitcointalk.org/index.php?topic=683727.msg15681692#msg15681692
https://imgur.com/a/Z1Lvo

b) Xiaoxiao had for a long time a special deal with Betcoin that allowed him to offer way more than any other affiliates.
Starting August'16 he was still receiving 40% RB, which is the top of the Betcoin affiliate scheme.
Xiaoxiao never was "just an affiliate", he always had special ties with Betcoin (or else he would not have his special affiliate deal).

c) Betcoin itself, said publicly that Xiaoxiao was trustworthy.

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As to your other ticket, the affiliate is highly trusted

https://bitcointalk.org/index.php?topic=424598.msg10672459#msg10672459
https://xlihxe73.imgur.com/all/

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As to your statement regarding etiquette we have those questions often actually and it is public information regarding the affiliates who post here at bitcointalk about them being trusted and it is important for everyone to know that as they bring in considerable traffic and are rewarded for that.

https://bitcointalk.org/index.php?topic=424598.msg10672459#msg10672459
https://imgur.com/a/xDCir

I suggest every Xiaoxiao's client to cash out of Betcoin, as I'm doing, considering not only we got stolen from by Xiaoxiao and now Betcoin through his special affiliate are reneging our RB deals while, apparently, let the thief got his shares of our rake for life.
This is unacceptable.

I didn't exactly have a special relationship with Betcoin to begin with. The reason my program started was that I started asking if I can be a prop player because the poker economy nearly died the years following the UIGEA fiasco with Pokerstars/fulltilt/etc. And the way to get 100% rakeback as a prop player at Betcoin was to set my affiliate at 100% rakeback. Then I realized when I referred other players I was getting 100% of their rake, so I started a thread at different forums and gained a lot of players. So Betcoin decided to let me continue with that because so many people wanted in with the program. This was back in 2014. Obviously they can't operate at a loss, so they lowered me to 50% and eventually 40%. Then nearly 3 years later I totally screwed up with managing the funds because of my gambling got out of control.

If you look at my past threads I have a sportsbetting thread on here as well as asking for a stake for poker (as my first post on this forum).

https://bitcointalk.org/index.php?topic=841456.0

https://bitcointalk.org/index.php?topic=10446.msg149723#msg149723

To Game-Protect: Please just stop it. You're wrong about almost everything and you're spreading misinformation in the name of "protecting the players".