How Each Model Works and Is Calculated

RevShare (Revenue Share) — the partner receives a percentage of the company’s net income from every referred player, for as long as that player stays active. Commission is calculated on the entire referred player base with no exclusions, and the partner keeps earning payouts for the player’s entire lifetime.

CPA (Cost Per Acquisition) — the partner receives a fixed payout for every player who passes verification and approval against set criteria (usually first deposit, stake amount, and activity). The payout is one-time — no matter how long the player keeps playing afterward, the partner receives the same fixed amount for them.

Why Partners Choose CPA vs RevShare

CPA is usually chosen by partners who want to earn quickly — the model seems simple and straightforward: refer a player, get a fixed sum. In practice it turns out not to be that easy, more on that below.

CPA is most often chosen by those who buy traffic — paid traffic needs to pay for itself fast so the money can be reinvested into buying more.

Another reason for choosing CPA — partners don’t want to bear responsibility for players, especially fearing the scenario where a player wins big and a RevShare partner ends up in the negative.

A separate reason is the potential for fraud. Some partners create players themselves, make a minimal deposit, and hope to collect a CPA payout for a fake registration.

RevShare is deliberately chosen by the majority of partners specifically because of its long-term profitability. This model is most often chosen by partners with stable or growing channels — sports betting predictions and content.

That kind of audience typically has a high LTV, which means higher earnings for the partner too.

Expectations vs Reality When Working With CPA

A typical expectation for a partner trying CPA for the first time goes something like — start working, refer a few players, get paid quickly. For example, a $30 CPA rate, 10 referred players — $300 earned, payouts usually weekly.

Compared to RevShare, where income from 10 players in the first week is almost certainly going to be much smaller — everything there depends on deposits, player activity, and LTV, which build up gradually — CPA looks like a fast, straightforward way to earn.

But in practice, before starting, every partner is walked through conditions that significantly change the picture:

• Multi-accounts, fraud, fraudulent players, inactive players, and players who don’t meet the KPI are not paid for.
• A 14-day hold applies while players are being verified.
• The security team has the right to block a player as fraudulent without explanation.
• Payouts can be delayed if a longer verification is required.

As a result, a partner will realistically see their first CPA payout no earlier than 3 weeks in. And even then — at best around 20% of all referred players will end up paid, not all 10 from the example above.

After that come ongoing checks, delayed payouts, and the risk of account suspension with the loss of all accumulated traffic.

It’s also worth noting that many players create multi-accounts through no fault of the partner — the players do this themselves. Scammers, arbitrage bettors (surebettors) and bonus hunters are all classified as fraudulent players, get blocked, and aren’t eligible for CPA payment, regardless of where they came from.

A partner who expected fast, simple payouts usually only runs into this reality after they’ve already started working.

And critically — traffic already running under CPA can’t be switched back to RevShare retroactively. Under RevShare, commission is calculated on the entire player base by default, without this kind of verification and filtering.

Comparing Affiliate Revenue From a Real Player Base — RevShare vs CPA

To clearly show the difference between the models, let’s look at a real example from a top partner over the period November 2024 to August 2026.

The partner has been working for over two years, referring an average of a few thousand new players per month depending on the sports calendar — with noticeable seasonal peaks and dips.

A total of 90,171 players registered over the period. For this example, we’ll use a 35% commission rate, though it can be higher at these volumes.

Out of the entire base, only active players (FTDs) generate income — there were 49,126 of them. The entire calculation below is built on these players.

RevShare Earnings Over the Whole Period

Based on active players (FTDs), the partner earned:

Breakdown by LTV Period

Breaking the same active players down by LTV duration makes the picture very clear:

This is the essence of RevShare: income doesn’t stop after the first deposit — it builds up over time as the player keeps playing.

What Happens If the Partner Stops Referring New Players?

As an example: if the partner had stopped working and referring new players six months ago (after March 1, 2026), they would still be left with a base of 42,635 old active players registered before that date.

Here’s how much the partner would have earned for those six months alone, March–August 2026, if they hadn’t referred a single new player during that time:

• Only 3,624 players out of 42,635 were active during those six months — 8.5% of the base.
• Income over those six months: $796,163.10
• Average income per active player: $219.69
• Partner earnings for those six months: $278,657.08

In other words, a partner who completely stopped referring new traffic would still be earning nearly $280,000 over six months from the old player base alone.

CPA Calculation Example on the Same Player Base

Now let’s calculate how much the same partner would have earned working under the CPA model instead of RevShare.

CPA approval isn’t arbitrary — the security team rejects players based on specific criteria such as low activity, multi-accounts, bonus hunting, and similar patterns.

The rejection rate depends heavily on the traffic source: paid, motivated traffic tends to have a lower rejection rate, while traffic from betting predictions/tips channels is noticeably higher, since that audience is constantly pushed toward placing bets and produces more low-quality registrations — though it often has a higher LTV precisely because of the nature of the source.

On average across the market, around 20% of referred players get approved. Using an average CPA rate of $30, we get:

RevShare vs CPA: Final Comparison

Preliminary Conclusion

On the exact same player base, the difference between the models turned out to be significant: over the entire period, RevShare brought in $1,223,459.85 versus $541,020.00 under CPA — 2.26 times more.

The key difference lies in the mechanics themselves: CPA is calculated only on the share of players who pass approval, while RevShare is calculated on the entire referred base — with no filtering or exclusions.

A one-time CPA payout doesn’t account for what happens with the player afterward — whether they keep depositing six months, a year, or years later.

RevShare, on the other hand, is directly tied to the player’s actual activity and keeps generating income even without an inflow of new registrations.

This is demonstrated by the scenario where the partner, with zero new players over six months, still earned more than half of what the entire base would have brought in under CPA.

Overall Conclusions

The choice between CPA and RevShare isn’t a question of which model is “better” in the abstract — it’s a question of what kind of traffic a partner has and what LTV it can realistically generate.

The nature of the audience — not the payout model itself — ultimately determines the final income.