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playing for credits

• onekeano 4,011 Posts

  Tue, Jul 15 2014 11:16 PM

  i dont know if there is another thread about this

  WGT and anyone who can explain 

  what's the story with playing for credits, it seems that wgt are charging double lately 

  last few day's i've played Matchplay for creds and when i win i feel  im getting less than i should example, submitted 222 and only win 178, 333 and only winning 267, and so on, please elaborate, 

  i always thought tat if u submit 222, then wgt takes 22 as their fee and you win 200, 

  dave

   

   

• alosso 21,092 Posts

  Tue, Jul 15 2014 11:28 PM

  onekeano:

  i always thought tat if u submit 222, then wgt takes 22 as their fee and you win 200,

  This is true, except that you did not submit 222.

  Look into your account:

  You win 200 and pay 22, net 178.

  Your opponent lost 200 plus payed 22, that's 222.

  WGT earned 22+22. They have always charged 2x10%.

• micheldess 819 Posts

  Tue, Jul 15 2014 11:37 PM

  When you play for 222 credits, wgt take 10% and when the game is over another 10%.

  If you win the game you receive 178  credits and your opponent loose 222 credits.

  It's like that since the begining i think, Dave

  And congrats you look very good player

   

• alosso 21,092 Posts

  Wed, Jul 16 2014 12:24 AM

  micheldess:

  When you play for 222 credits, wgt take 10% and when the game is over another 10%.

  Nitpickingly, I disagree.

  The rake goes off on both sides before the match. Thus, the wager is only 200 crs. Both amounts are shown in the account list. Effectively, the charge is more than 10%, 22/200 being 11%.

• mantis0014 8,946 Posts

  Wed, Jul 16 2014 1:06 AM

  alosso:

  onekeano:

  i always thought tat if u submit 222, then wgt takes 22 as their fee and you win 200,

  This is true, except that you did not submit 222.

  Look into your account:

  You win 200 and pay 22, net 178.

  Your opponent lost 200 plus payed 22, that's 222.

  WGT earned 22+22. They have always charged 2x10%.

  You might correct, but it doesn't sound right.

  I always thought that both players enter 222 credits.   Wgt takes their 10%, which leaves 400crs in the kitty.  

  So whoever wins gets the 400crs.   That is your opponents 200 + your 200

• alosso 21,092 Posts

  Wed, Jul 16 2014 1:14 AM

  To me, that's just another view of the same scene.

  From 444, WGT takes 44, we agree. This leaves 400 on the table for the winner. The 200 he bet return to him unnoticed, the opponent's bet adds to his credits, +200.

  Overall accounting, from above:

  alosso:

  You win 200 and pay 22, net 178.

  Your opponent lost 200 plus payed 22, that's 222.

  WGT earned 22+22.

  AFAIK, the difference is that the winner's 200 do not appear in the account tough they are certainly blocked.

• micheldess 819 Posts

  Wed, Jul 16 2014 1:15 AM

  Simple think only of 20% when you play 10% before the game and 10% at the end

  If you play for 100 credits you  win 80 credits 

  if you play for 200 credits you  win 160 credits

  if you play for 300 credits you win  240 credits

  if you play for 400 credits you win 320 credits 

  if you play for 500 credits you win 400 credits

  if you play for 1000 credits you win 800 credits

• alosso 21,092 Posts

  Wed, Jul 16 2014 1:23 AM

  This works for the winner.

  The loser spends not more nor less than the gross amount, 100 - 1000 in your examples.

  "Winner takes 80%, loser spends 100%, WGT takes 20%" would sum it up.

• mantis0014 8,946 Posts

  Wed, Jul 16 2014 1:43 AM

  alosso:

  To me, that's just another view of the same scene.

  From 444, WGT takes 44, we agree. This leaves 400 on the table for the winner. The 200 he bet return to him unnoticed, the opponent's bet adds to his credits, +200.

  Overall accounting, from above:

  alosso:

  You win 200 and pay 22, net 178.

  Your opponent lost 200 plus payed 22, that's 222.

  WGT earned 22+22.

  AFAIK, the difference is that the winner's 200 do not appear in the account tough they are certainly blocked.

  This is where the confusion is.

  You're saying...  Both players enter the challenge at 222 each = 444. Wgt takes their cut of 44crs.   This is correct as far as I know.

  Then you're saying the winner collects the 200 crs and wgt takes another 22crs cut from those winnings and ends up with 178crs,  which is wrong because Wgt has already collected their cut from the entree fee.

  Hence what the Op was inquiring about. I don't think Wgt takes 2 cuts. One for entree and one for the winnings.

• alosso 21,092 Posts

  Wed, Jul 16 2014 2:13 AM

  mantis0014:

  This is where the confusion is.

  You're saying...  Both players enter the challenge at 222 each = 444. Wgt takes their cut of 44crs.   This is correct as far as I know.

  Then you're saying the winner collects the 200 crs and wgt takes another 22crs cut from those winnings and ends up with 178crs,  which is wrong because Wgt has already collected their cut from the entree fee.

  Hence what the Op was inquiring about. I don't think Wgt takes 2 cuts. One for entree and one for the winnings.

  WGT takes 2 cuts: One from each player.

  Of course there is no double cut from the winner, but there is no deducting of the 222 from his account. The record would read (from a match I won)

  Match Play Challenge Fee: 22 Credits                         -22 cr
  Match Play Game against xxxxx. You win 200.         +200 cr

  which results in a net win of 178.

  Therefore, you read my post wrong by the word "another" which I marked in the above quote.

  In short words, the loser loses 222 cr, both players' fees (a combined 44 cr) are paid, thus the winner takes a net of 178 cr.