Slightly False Advertising @ WagerWeb

jamesbong · Jan 8, 2005

They advertise 1% weekly for sports and 3.5% back for horses. Here is the example they give on the website:

Example : Player A wagered the following during a one week period.

<TABLE style="BORDER-RIGHT: #e6e6f2 2px solid; BORDER-TOP: #e6e6f2 2px solid; FONT-SIZE: 9px; BORDER-LEFT: #e6e6f2 2px solid; BORDER-BOTTOM: #e6e6f2 2px solid; FONT-FAMILY: Verdana, Arial, Helvetica, sans-serif; TEXT-ALIGN: left" height=140 cellSpacing=0 cellPadding=1 width=200 border=0><TBODY><TR bgColor=#e6e6f2><TD style="PADDING-LEFT: 5px" vAlign=bottom height=18>SPORTSBOOK</TD></TR><TR bgColor=#e6e6f2><TD style="PADDING-LEFT: 5px" vAlign=top height=18>$5,000 wagered = 50 WW Points</TD></TR><TR bgColor=#f5f5fa><TD style="PADDING-LEFT: 5px" vAlign=bottom bgColor=#f5f5fa height=18>CASINO</TD></TR><TR bgColor=#f5f5fa><TD style="PADDING-LEFT: 5px" vAlign=top bgColor=#f5f5fa height=18>$4,000 wagered = 8 WW Points</TD></TR><TR bgColor=#e6e6f2><TD style="PADDING-LEFT: 5px" vAlign=bottom height=18>RACEBOOK</TD></TR><TR bgColor=#e6e6f2><TD style="PADDING-LEFT: 5px" vAlign=top bgColor=#e6e6f2 height=18>$3,500 wagered = 100 WW Points</TD></TR><TR bgColor=#f5f5fa><TD style="PADDING-LEFT: 5px" height=32>TOTAL
158 WW Points = $158 CASH
(deposited Monday 12:00)</TD></TR></TBODY></TABLE>

It is 1% back for sports, but for the horses it is actually 2.86% which is 100/3500. No big deal, but I think they should fix the error.

Noreaga+ · Jan 8, 2005

yup should be 122.50 instead of 100

bucsfan67 · Jan 8, 2005

they have posted the % as wrong, the calculation is correct...

They do give you back 1.00 for every 35.00 u bet on horses, i know that for a fact, and 1.00 for every 100.00 bet on games...

And it does get credited at noon est on Monday, exactly...LOL

I will forward an email to Dave about the % posted....

It should read 1.00/35.00 wagered......

wilheim · Jan 8, 2005

Either myself or General will contact them tomorrow.

Thanks, wil.

wilheim · Jan 8, 2005

Just for the record Wagerweb has responded. They are giving 3.5% back on horse bets, in other words players earn $3.50 for every $100 wagered on horses in their racebook.

3.5% Weekly Racebook Loyalty Bonus
Weekly all active racebook players receive a bonus equal to 3.5 % of their volume for the previous week. This bonus has no restrictions and is credited at 12:00 PM ET every Monday.

Wil.

fathead · Jan 9, 2005

wilheim said:
Just for the record Wagerweb has responded. They are giving 3.5% back on horse bets, in other words players earn $3.50 for every $100 wagered on horses in their racebook.

3.5% Weekly Racebook Loyalty Bonus
Weekly all active racebook players receive a bonus equal to 3.5 % of their volume for the previous week. This bonus has no restrictions and is credited at 12:00 PM ET every Monday.
Wil.

I hope so. If true, this is a new policy. For every $200 wager I make (including this week), I have been getting $5 in rebate money (they round it down from $5.71), which is actually 2.5%, not the 2.857% that it should be at the $1 for $35 wagered rate. I will let you know Monday what percentage I get in rebates.

wilheim · Jan 9, 2005

Fathead the 3.5% may not be retroactive. You should imquire about past action. I was informed by Wagerweb starting today that the new rebate figure was 3.5%.

Bestof luck, wil.

fathead · Jan 9, 2005

wilheim said:
Fathead the 3.5% may not be retroactive. You should imquire about past action. I was informed by Wagerweb starting today that the new rebate figure was 3.5%.

Bestof luck, wil.

Okay. Thanks, Wil. I will let you know if it is otherwise.

fathead · Jan 10, 2005

fathead said:
Okay. Thanks, Wil. I will let you know if it is otherwise.

Well, judging from my "WagerWeb Points" showing this morning, I am getting exactly 3.5% in rebates on my horse wagers this week from WagerWeb. They did indeed make it retroactive to all bets for the week.

Dave seems very responsive to input. Good going WagerWeb! A good horse program there. If you have not taken a look, you really should.

bucsfan67 · Jan 10, 2005

I agree..

I gotta say their software is some of the easiest to use that i have seen..

rarely "hangs" when trying to make a bet, u can do round robins online, which some books dont have, the loyalty points are "automatically" turned into cash on monday morning, and they offer lots of options...

Hope they keep it up...

I like what I see..

bigbet1234 · Jan 10, 2005

also, the caculation on the sportsbetting is wrong.

Says wager $5000 get 50 points, that is to win 5K, not risking

BB

bucsfan67 · Jan 10, 2005

bigbet1234 said:
also, the caculation on the sportsbetting is wrong.

Says wager $5000 get 50 points, that is to win 5K, not risking

BB

Mine has always been calculated at total amount wagered.....

1.00 per hundred

Noreaga+ · Jan 10, 2005

do they have a max per week amount?

bucsfan67 · Jan 10, 2005

Noreaga said:
do they have a max per week amount?

dont think so Noreaga, just kind of a rebate program for players..

I like it....

JimFiestSux · Jan 10, 2005

Doesn't matter %. Be glad you are getting anything back. Most shops don't give S hit back. Take what it is and if you decide to not play at a shop because their .00005 % is off you shouldn't be playing at all. I can't wait till ALL OFFSHORE SHOPS stop all bonuses and rebates!

JimFiestSux · Jan 10, 2005

WagerWeb is as SOLID and great as they come Offshore! Hands Down!!arty:

jamesbong · Jan 10, 2005

JFS, no one ever said they were not a good back. I actaully think they are top notch. And it wasn't .00005%, it was .54%, which in my business is a material percentage. If you are a loser, which you may be from the sounds of it, you are right that .54% doesn't matter much.

wilheim · Jan 10, 2005

Jamesbong glad to hear your rebate percent is straightned out. FWIW I am pretty sure Jim Fiest sux (who is a stand up guy) is happy for you also. Bottom line is I am glad you are satisfied.

Best of luck, wil.

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