I don't know how this could be 100% the same as the old model (in the long run) as the old model didn't give dean any profits on losses, and only on wins? or maybe i have my math wrong on that and it doesnt matter..
It won't be 100% the same unless the site profit is EXACTLY 1%, which I think is even less likely than mateo's super play. But in the very very long run - 0.1% of wagered (new model) should be close to 10% of profit (old model).