50% profit-share structure: the escalator for your success
The myBet betting shop franchise enables our partners a very attractive commission model. It is set up in a way that enables shop owners a quick return on the initial investment and guarantees a stabile source of income. Here are the main elements of the commission model:
- Commission percentage: 50% of net hold generated from sports betting
- Negative carry over: In case you end a month with a loss, the negative carry over will be deducted from next months commission in a two-month billing period
- Calculation: The commission percentage will be applied on net sportsbook hold (profit) which is calculated as follows:
a) Gross hold
| |
total stakes (sum of all bets placed) |
| - |
total winnings (sum of all hands won) |
| = |
GROSS hold (gross profit) |
b) Net hold
| |
gross hold |
| - |
marketing costs, taxes & fees (aprox 5%) |
| = |
NET hold (net profit) |
(c) Profit Share is calculated as:
| |
NET hold |
| x |
Profit share commission percentage (50%) |
| = |
NET profit share |
Example: 3 month period commission calculation
| |
1. month
|
2. month
|
3. month
|
TOTAL
|
| Total stakes (A) |
35.000 |
39.000 |
42.000 |
116.000 |
| Total winnings (B) |
37.000 |
25.000 |
31.000 |
93.000 |
| Gross hold pm (C = A-B) |
-2.000 |
14.000 |
11.000 |
23.000 |
| Negative carry over (D = -(A-B)) |
-2.000 |
- |
- |
-2.000 |
| Gross hold after negative carry over deduction |
0 |
12.000 |
11.000 |
21.000 |
|
Commission
|
- |
6.000 |
5.500 |
11.500 |
|
|
Last Updated on Friday, 27 February 2009 13:41 |
