Cashback Gambling

betmadness · 15-10-03

Hi

I thought of a idea for cashback sites which may or may not be of any use. It is Cashback Gambling. When the account on a cashback site reaches payout of cheques, i thought a good idea would be to give the customer a choice, if they want to gamble with there money. Eg. Perhaps have a roulette table or some other form of gambling on the site, or perhaps partner with a gambling site and split the money.

Another method would be for a Casino to have a cashback site in were they can gamble with the cashback money.

Just a wacky thought with potential i think.

Darren · 15-10-03

Interesting thought - that reminds me of flipside's old concept of gambling flips, etc

However, I can't see any of the current cashback owner's wishing to go through the rigmarole of getting a licenced casino running! However, I can see potential in a JV somewhere in there.....

Any thoughts Neil (and other cashback site owners)?

betmadness · 15-10-03

Hi Darren

Or perhaps a partnership with a great new company as Jackpot Joy.

Or for Jackpot Joy to set up a Cashback site and refer members to the casino with there cashback earned.

There are many alternatives, but with the customers gambling the cashback, its seems like a extra way in making money. Plus they may even get the credit cards out to gamble more money.

Darren · 16-10-03

Absolutely......I like the idea and think it *might* have potential...providing it was marketed correctly, etc.....

PitBoss · 21-10-03

I recently had a discussion with a Cashback site about doing something along these lines.

I think it has a lot of potential and have passed the info onto senior management.

I am going to tell them that the idea has also been discussed in the forum (and see if that has any effect).

In your opinion, who would be a good cash back site to partner with?

Supercod · 21-10-03

Quote:

Originally posted by PitBoss
In your opinion, who would be a good cash back site to partner with?

GreasyPalm gets my thumbs up

I think it's most professionally run cash back site, I was so impressed that I ditched my plans to offer one and send them my users instead and make money from the residual aspect of the program.

PitBoss · 21-10-03

Will take note.

betmadness · 21-10-03

Hi Pitboss

My recommendation would be either themutual or greasypalm. However you may also want to take into consideration on building your own cashback site.

Or why partner with a single cashback site, when you can make it bigger by partnering with all cashback and points websites. Including sites like ipoints etc..

Darren · 21-10-03

Neil and Paul's GreasyPalm gets my vote to, for the same reasons as Clarke.

wibble99 · 21-10-03

This reminds me of an idea a friend came up with a few years ago where you gamble at a cashpoint, rather than with cashback!

You go to the ATM, enter your pin number, ask to withdraw an amount, then get an option 'Double or quits?'!

It was only a joke idea, but I wonder how many people would be tempted..!

PitBoss · 23-10-03

Never heard that one before,

but I like it.

Do you think that we should provide Greasy Palm or another with an engine that lets them run a double or quits/slot machine/or other game on their site with the money players had earned from the reward site?

If they choose to gamble we could give them a bonus sign up for first time wagering.

Would need serious integration, but certainly worth investigating.

The sums could be fairly hefty.

Darren · 24-10-03

Quote:

Originally posted by PitBoss
with the money players had earned from the reward site?

Should I invoice you directly for the royalty payment, Chris? LOL