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An Agent or Affiliate is defined as a person that has a financial relationship with another agent or the bookmaker.

The Agent agrees to provide customers, web traffic or betting activity to the bookmaker through the bookmaker telephone call center, bookmaker web site or a web site operated by the bookmaker on behalf of the Agent. The bookmaker agrees to pay or to be paid by the Agent and to operate the bookmaking operation.

The latest release of the WAGERplayer system incorporates a comprehensive multi-level Agent management system. The system automatically manages all of the accounting requirements to maintain a complex multi-level agent relationship system.

WAGERplayer Agent Management 1

In the example above, the Bookmaker is known as the Master Agent. SBOOK1 is a sub-agent of the Master Agent, and has a fiscal relationship with MASTER.

In this example, SBOOK1 will control a number of Customers that will place bets with the bookmaker and SBOOK1 also has sub-agents under him, namely STEPHENP that in turn will have a separate fiscal relationship with SBOOK1.

WAGERplayer Agent Management 2 Click for full size image

The accounting is run weekly where the profit or loss of all Customers under a sub-agent is calculated and the associated fees and charges are automatically applied to the agent and his sub-agent in the system. In the example above, Agent BETOPT has 9 players that collectively won $33.61. Since there is no profit, the only charge between the Agent (BETOPTsports) and Sub-Agent (BETOPT) is the $10 per player transaction fee. The total charge due to BETOPTsports from BETOPT is a total transaction fee of $9.00 (9 players * $1)

The financial relationship is defined as one or as a combination of both of the following

Service Fee

This is a defined charge for each Customer that is considered active during the accounting period. This can be defined in one of two ways;

1. Service Charge whereby the agent charges the sub-agent a fixed fee service charge for each Customer
2. Price means the sub-agent pays the Agent a fixed fee for each Customer

Transaction Fee

Each sub-agent has a defined Transaction Fee fiscal relationship with their agent according to the following criteria. There are three types of transaction fee defined as a percentage of the one of the following

1. Profit. The profit relationship is based on the sub-agent paying the agent an agreed percentage of the profits. The profit is calculated as the total win amount for the accounting period (week) from all Customers that bet under a sub-agent. If the Customers collectively lose $1000 and the Transaction Fee is set to 10% Profit, then the total amount due to be paid from the sub-agent to the Agent is $100. If the Customers collectively beat the Agent in a Profit relationship, then there is no amount payable.
2. Red Line is also based on Profit and paid by the sub-agent to the agent, but is based on the profit as a sum of all betting activity, not just within the accounting period. So, if the sub-agents Customers lost $1,000 this week, but have in total won $2,000 for the year, then there is no payment due between the sub-agent and the agent. No payments are due to the agent until the sub-agent Customers have collectively lost as a group (package)
3. Split takes a percentage of the profit or loss for the sub-agent Customers for the week and splits the amount between the sub-agent and the agent. In the case of split, if the Customers have collectively won $1,000, then the agent must pay the sub-agent. If the Customers lose, then the sub-agent pays the Agent.

WAGERplayer Agent Management 3 - Statment Click for full size image

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