We all know why online gambling is so popular. This is a very convenient and quick way to try your luck while giving freedom to your passion. Gambling gives people a chance to experience the unique thrill of victory.
Today, we will discuss a promotion for this industry that most successfully solves the issue of attracting new players to online gambling: affiliate marketing.
What is Online Gambling for Affiliate Business?
Essentially, an online casino is a website that offers any form of gambling. Affiliate marketing promotes online gambling and attracts traffic to the casino website. In return, an affiliate receives monetary compensation that depends on the conditions of an offer.
Who can be an affiliate?
For example, bloggers, who are casino players themselves, act as affiliates who share tips with their audience and talk about online gambling platforms. Affiliates may also ownsites related to iGaming.
They advertise partner online casinos and monetize interactions with ads. Affiliate Affiliate networks can also be intermediaries between the casinos (advertisers) and affiliates to provide the r services to both parties.
Referral links or banners posted by affiliates bring the most relevant traffic to the casino. Users who come to online casinos from affiliates will be much more likely to register and leave deposits because this is already a warm target audience. As a result, an alliance between online gambling and affiliate marketing, with the right approach, will always show a positive ROI.
Payment Models for Affiliates in Gambling
Affiliates are paid in three main ways for the traffic they bring to online casinos and sports betting services.
RevShare
Revenue Share, or RevShare, is a payment model in which an affiliate receives a percentage of a casino’s net revenue from a referred player. This is a long-term model (often lifetime). An affiliate can earn from 5% to 50% of revenue during the active period of its lead playing in the online casino or using the sports betting service.
This method helps affiliates be interested in bringing the highest quality customers to iGaming. However, this method also has a shadow side. The casino affiliate can receive a percentage of revenue and incur losses after the referred player wins. So, affiliates will have to evaluate the risks associated with this model. This also should be considered before choosing this payment method for the affiliate program in online gambling.
CPA Model
CPA stands for cost-per-action and cost-per-acquisition. The most common CPA method is to pay for a deposit. Sometimes, such a model may include flexible payments for registrations or downloads. Yet more often, advertisers prefer to pay for new regular players; therefore, if the lead leaves after the first deposit, some online casinos do not pay affiliates.
Hybrid Model
As you can easily guess, the Hybrid model is a flexible combination of RevShare and CPA models. With this method, an affiliate receives a one-time payment for player deposits and for each subsequent amount deposited. In addition, if the affiliate continues to attract new quality players, its fee percentage may increase with the hybrid payment system in gambling.
Why is Online Gambling Affiliate Marketing Profitable?
So why does affiliate marketing stand out this favorably from other ways to promote online gambling? There are several good reasons that online casinos and betting sites should cooperate with affiliates.
Performance-Based Marketing
The days when advertising had to be paid only upfront are over. Today, affiliate marketing is entirely focused on performance. Even when the affiliate receives a high percentage commission, your ROI remains positive. This strategy also produces much better quality gambling traffic, which guarantees sales.
Measure and Monitor Effectiveness
Unlike attempts to calculate returns from an iGaming conference or promotion in a magazine, you can calculate profits up to every cent in affiliate marketing. In addition to this, you can use an affiliate platform that helps you track and manage your programs in real time. For example, your online casino can see which affiliate site banners or ads work better or worse, adjust payments to affiliates, and much more.
Brand Awareness
As we mentioned, in most cases, the affiliates involved in your promotion are well-known in the iGaming world. They have their trusted audience and vital status. Thanks to your partnership, they will also help increase the presence and reputation of your brand.
Best Traffic Sources for Online Gambling
To receive high-quality traffic for online gambling, you need to understand which traffic sources in affiliate marketing are the most demanded.
Social Media
The leading social platforms for gaining traffic in gambling are Instagram and Facebook. However, affiliate marketers must consider how to work with these traffic sources. Facebook can ban an account with direct gambling advertising due to its rules, but several workarounds exist. For example, affiliates can lead traffic to special applications or messengers like Telegram. Although it isn’t the most accessible traffic source, social networks can attract a sizeable, solvent audience.
Applications
Applications aren’t only a direct traffic source and a valuable tool for converting traffic from Facebook and Instagram. Besides, the app can be a mobile representation of an online casino that is always at hand. The ability to send players push notifications is another plus of applications as a traffic source. Push notifications don’t require many investments and can provide powerful results.
Websites
Some affiliate webmasters can develop their news and analytical gaming sites where they publish banners, native ads, or other promotional materials. Of course, the gambling affiliate doesn’t need to own such a site. He can cooperate with a specific source that permits him to post promotions for online casinos or sports betting services.
Streaming Platforms
It can be YouTube, Twitch, or any other streaming platform allowing affiliates to play some games live and promote online gambling through referral links. Video content created on YouTube or another similar platform can be stored online after live streams and continue to bring new traffic. Also, you can find famous video bloggers with an audience relevant to online gambling.
How to Create a Successful Affiliate Program in Gambling
The main thing is that your program should stand out among the many other similar gambling affiliate programs. But before creating your affiliate program, you should determine the way to manage your program that will work best for you. Depending on this, your gambling program may be managed by an affiliate network, or you can use an all-in-one cloud-based solution or create an in-house management platform from scratch.
The best option would be an affiliate platform that meets iGaming industry standards and your needs.
The next step in creating a gambling affiliate program is choosing an effective payment method that can be flexibly configured for different affiliates. Next, you must provide your affiliates with promo materials for your online gambling offer promotion. On the contrary, you can write a series of recommendations for affiliates to create their creatives. It can also benefit online gambling affiliate programs by setting traffic restrictions, for example, by geolocation.
These basics should be addressed before creating your gambling affiliate program. Yet don’t forget that your brand’s reputation and recognition among the players will play the main role in its success.
How to Find the Best Affiliates for Online Gambling
When your iGaming affiliate program is set up, it’s time to find affiliates to kickstart your marketing campaign. There are many ways of making long-lasting partnerships with gambling affiliates.
- You can include a link or banner to your affiliate program landing page on your website’s main page. This is the typical place where affiliates look for affiliate program information.
- Don’t forget about your existing customers. Send an email series to motivate them to earn money by recommending your friends your iGaming service through referral links. You can can also include a short description with the link to the affiliate program landing page in your email signature.
- Go to affiliate marketing forums or communities that discuss online gambling brands and their affiliate programs. List and promote your affiliate program there. You can communicate with potential affiliates and existing partners at these forums and communities.
- Outreach influencers and gambling bloggers to review your service. Introduce them to your affiliate program individually and try to build a long-term relationship with such affiliates. Some media list the most lucrative affiliate offerings, so place your affiliate program there and make it attractive to prospective affiliates.
- Take part in iGaming affiliate conferences. Affiliates and other online gambling advertisers attend affiliate events to communicate and to find new partnerships. Besides, you can learn about new marketing trends, strategies, and technologies.
- Last, you can find the best online gambling affiliates through a partnership with affiliate networks that act as an intermediate between the advertiser and the affiliates.
Top Gambling Affiliate Management Platform
It’s highly important to have a reliable technological solution for successful iGaming affiliate marketing. Perhaps the most effective option would be an affiliate platform that already meets industry standards and your needs.
An essential part of the online gambling affiliate program is the strong analytics capability of affiliate software. You must be able to analyze the effectiveness of the payment method, traffic sources, and many other affiliate program stats by having complete data and innovative statistics design.
Online gambling is an industry with its specifics. Muchofn iGamiofofepends on geography and various external factors, such as law regulations, different, and financial mfinancfinances. Regarding this, the software must provide operators with all the necessary tools to configure the gambling affiliate program for all these requests.
A ready-made affiliate platform must make creating and managing affiliate programs much easier with automation tools, CPAPI, ad fraud control, etc.
Conclusion
Your gambling business can reach a whole new level with the help of affiliate marketing. There are unique payment methods tailored specifically for the iGaming industry. The performance-based approach practically deprives you of any significant risks and, in return, brings you quality customers and guarantees a positive ROI. A wide range of traffic sources will increase recognition and trust in your online gambling brand. All that is required from you is to create an attractive affiliate program that will bring good affiliates. Then, subsequently, monitor and improve results using a reliable management platform.
