hey there, it says we can buy coins on the coins page... and also that if we earn more coins, we can withdraw those! I would love to buy some coins...
If it trusted the whole thing!
I would want to earn some coins and get my money back by withdrawing back, you get that? Now I saw that if you buy 10.640 coins for $100, you would be able to withdraw them to $106.40 making $6.40 profit...
WHATTA? This isnt a game that only some players play, there are LOTS of players playing this game, so I dont think that is a bug, as I noticed it since when I started playing (like 2 days after, but WC)
Can someone tell me why it is like that? Why wouldnt we just keep buying 10.640 coins for $100 and withdrawing them for $106.40 being able to get lots of money like we just click buttons on a money machine?

Please answer me, because Ive been asking this myself since I started playing WL

Thanks for reading this,
-Kolo

If coins are deposited and withdrawn without being played, an 18% processing fee will be deducted from the unplayed coins. To avoid this processing fee, you must play as many coins as you have received from the action of depositing plus bonus coins, at least once

ah, and then 10% will go off so The worth you got will only be $95.76?
Thanks for the answer, got it now

You also need 75$ or 7500 coins MINIMUM, as the withdrawal amount.

EDIT: I just pointed out how hard it is to earn money on this, without playing high stake coin game.

Edited 8/7/2015 19:52:58

You even read the full thing?

So don't buy coins at all unless you are really sure of using all of them, because it sounds like the refund process is hamstrung by making sure that people are not cheating Mr. Fizzer. :P

It sounds like we'd be better off if the game sold 10,000 coin for $100.00 even, with no bonus....

It sounds like we'd be better off if the game sold 10,000 coin for $100.00 even, with no bonus....

Not necessarily.
Fizzer has an incentive to get you to buy coins, and have to use them all to join games.
Why?
Because every time you join a coin game, Fizzer taxes you 10% of the coins to join. For example, the 80 coin Small Earth 1v1 games have a reward of 144 for the winner.
Furthermore, it takes for freaking ever to get 7500 coins to be able to cash out. I know because I've been working my way up there for the last 3 coin seasons, and still haven't got there yet (even though I've been top 10).
Thus, the high cash out limit means you play tons of games, and therefore pay tons of taxes, before you are able to turn your coins into real life money.

Edited 8/7/2015 23:08:07

My issue with coins is what Mech brought up: 10% cut on each game goes to the house.


The Tax should be 1%.


At 10%, you'd have to win 60% of the games you play (against premier players that invest money to buy coins, not newbs) to even have a positive coin flow.

Yes, its a game of skill, but I find it hard to win nearly 2/3 of the games against good people, let alone 1/3.

I could see my coin purchases as contributions to Fizzer, but you can't really make a living off donations like that. If the cut was 1%, there would be a LOT more coin games for him to tax.

Some other ideas:
-Tournaments with a tax taken out of the end, so that you can play 10-15 games and only get pay a single lower tax bill? For example, a 10 player Round Robin, 100 coin entry, 1000 coins total, 600 to winner, 300 to 2nd, 90 to 3rd, and 10 to Fizzer.

-Buy into Seasonal Ladder with 100 coins, stagger winnings.

Tax 1%? Lol, you want so much warlight death? :(

@Quicksand. No, I want him to tax more games. Right now, I suspect only the elite players play coin games. If you could play and have a decent shot at having a positive income, or at least have a chance to play in some fun/interesting formats, then there's more revenue for Fizzer by the means of more games to tax.
He gets $0 for the other games, minus adverts.

^^^ I agree with Quicksand's sentiments,
as I don't think a 1% Tax would do much to keep the game going...

but on the other hand, I don't think it should take more than 1 season to withdraw you coins either... and the $75.00 minimum does seem a bit steep...

I think it should be much closer to $25.00...
but again, if there is a financial incentives to buy coins,
that gets in the way when providing fair methods to get those coins back...

Perhaps the game should keep the bonus coins under certain circumstances...

maybe even additional coins under rare circumstances... :)

Thanks for listening.

-- Dublin Warrior

5% sounds like a compromise to me.

changing tax from 10% to 1% would decrease money in by 10 times. To keep warlight at even income you suggest that by doing that 10 times as much money will flow between players? Also at low price ranges (e.g. 5 coin entry games) you cannot have 1% tax rate, 10% is the least you can have (apart from 0, but that would be silly) so it seems fine as it is.

The round robin tournament idea you have I'm pretty sure is what happens at the moment with open tournaments.
However I do like your idea for Seasonal, it would incentivise people to play well. However it does mean that some could surrender to a "friend" to help them come 1st for a financial incentive, sharing the reward slightly, if the player throwing the game would not make much more money from a win.

"The Tax should be 1%...then there's more revenue for Fizzer by the means of more games" Really?

You do not know how many coin games are currently played, you also cannot know what effect any particular tax rate would have on number of games played. You do KNOW in a deep and unquestioning way that massive tax cuts necessarily means higher revenue and that can only mean one thing...



Edited 8/13/2015 12:59:21

Well played, piggy. Well played.

anyway, i know some people bought coins, but i wnder if the large majority fo coins going out there arent still the free coins everyone lost at the begginign to the good players. I just got back to coin games when fizer created the 5 coin entry games

No one has mentioned the marketing we are doing for coin games. The $1 we are giving all new players adds up. The marketing costs are offset by entry fees. Coins are more successful if marketed. So the balance between giving $1.00 to each new person and the cost of entry fees are related. If we reduced our marketing there would be less coin players. Coin Players would earn less money. No one wins if there is no one to play. :) So by paying a 10% entry fee, you are helping promote the game.

Players like Krzychu for example have put no money in but have won thousands of dollars.

Is it possible for me to get the gift if I rejected it because I thought I couldn't play because of my age?

@Benjamin628, no. But feel free to put some money in and play.

Hmm...

My point remains. The only two incentives to pay for coins are (1) you can win 2/3 of the games against other invested, and therefore skilled, players, and (2) you like to donate to Warlight.

Fair Warning: I'm pulling these numbers out of my keister. To get a better idea, you could map out a normal distribution centered at 50% with a few standard deviations. Give me the coin game stats and I'll do it if you want.

But anyway.... Assume....With a 10% tax, there are about than 0.5% of the players that could have positive coin flow (per reason 1 above). With a 1% tax, there are likely 20% of players that could have positive coin flow. Therefore, you get a 40 times increase in the number of coin game players for a 10x decrease in tax rate.

Thus, I just raised revenue by 4x, not cut it by 10x.

Next, Compare the house cut to the following:

House Edge (with proper play)
Blackjack 0.5%
Craps, 0.8%
Video Poker,0.5-5%
Baccarat 1.06%
Roulette 5.5%
Slot Machines, 0-17%
Slot Machines, 5-17%
Keno, 25%+
State Lottery, 50%+

-AND-

Poker Rake: Typically 2.5% to 10%

Sources: http://vegasclick.com/gambling/houseedge.html
https://en.wikipedia.org/wiki/Rake_(poker)

While the first set are games of chance, when played to their best ability, the house typically wins 0.5% to 5% for popular games.

The second stat is closer to what we have, a casino's rake on a poker game, a game of skill head to head against a competitor. At least according to wikipedia, we're at the max of a typical casino rake for a poker game.

Make the odds closer to the more popular casino games if you want people to have a chance. This has nothing to do with me being an American. This has everything to do with people having no incentive to play coin games because buying coins is akin to a donation to the site. I've bought several donation memberships for other players, a dead piggy alt included, so I'm not saying donations (per reason 2 above) don't happen. But if you want a sustainable coin game system, The Rent is Too Damn High!

Source:




Finally, Mercer, until someone makes a withdrawl, Warlight is paying out funny money. Every coin that is payed out needs to be played. Per the terms/conditions, every coin needs to be played (and thus subject to 10% tax) or face a 18% anti-money laundering fee. Additionally, withdrawls are also subject to almost 9% admin tax fee for a $75 withdrawl. From the 100*thousands, yes, that goes to the pool of payouts, however, all the more reason to have people increase the amount they play by lowering the tax.