An example of how money is shared on Confirmets is shown below.
Assuming Confirmbets has
100 Basic Subscribers who paid, for example, $20 for subscription (= $2000) and
100 VIP subscribers who paid, for example, $40. (= $4000)
We will assign 40% of Total basic plan ($2000) = $800 to be shared with top gurus of the 1.5 and 2.5 odds challenge across the month.
We will then assign 40% of Total VIP plan ($4000) = $1600 to be shared with top gurus of the 1.5, 2.5 and 4 odds challenge across the month.
Total daily pot from Basic subscribers will, therefore, be = ($800/30 days) $26.67 while
Total daily pot from VIP subscribers will, therefore, be = ($1600/30 days) $53.33.
Since Basic Payment is shared between only the 1.5 and 2.5 odds category, we will split the daily pot into 2 – i.e. $26.67/2 = $13.33
And since VIP Payment is shared between the 1.5, 2.5 and 4 odds category, we will split the daily pot into 3 – i.e. $40/3 = $17.78
We will now add both amounts to give the total amount available to the top performing experts per category.
1.5 Odds category daily pot = $13.33 + $17.78 = $31.11
2.5 Odds category daily pot = $13.33 + $17.78 = $31.11
4 Odds category daily pot = $17.78 (because no money is allocated from basic subscribers for 4 odds)
Using our sharing formula, this will mean:
1.5 Odds Top performing experts will get
- First Position (30%) = 30% of $31.11 = $9.33 every day an expert’s prediction is selected.
- Second Position (25%) = 25% of $31.11 = $7.78 every day an expert’s prediction is selected.
- Third Position (20%) = 20% of $31.11 = $6.22 every day an expert’s prediction is selected.
- Fourth Position (15%) = 15% of $31.11 = $4.67 every day an expert’s prediction is selected.
- Fifth Position (10%) = 10% of $31.11 = $3.11 every day an expert’s prediction is selected.
2.5 Odds Top performing experts will get
- First Position (30%) = 30% of $31.11 = $9.33 every day an expert’s prediction is selected.
- Second Position (25%) = 25% of $31.11 = $7.78 every day an expert’s prediction is selected.
- Third Position (20%) = 20% of $31.11 = $6.22 every day an expert’s prediction is selected.
- Fourth Position (15%) = 15% of $31.11 = $4.67 every day an expert’s prediction is selected.
- Fifth Position (10%) = 10% of $31.11 = $3.11 every day an expert’s prediction is selected.
4 Odds Top performing experts will get
- First Position (30%) = 30% of $17.78 = $5.33 every day an expert’s prediction is selected.
- Second Position (25%) = 25% of $17.78 = $4.44 every day an expert’s prediction is selected.
- Third Position (20%) = 20% of $17.78 = $3.56 every day an expert’s prediction is selected.
- Fourth Position (15%) = 15% of $17.78 = $2.67 every day an expert’s prediction is selected.
- Fifth Position (10%) = 10% of $17.78 = $1.78 every day an expert’s prediction is selected.
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