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Microcap & Penny Stocks : Bingo.com Ticker BIGR (formerly BIGG) -- Ignore unavailable to you. Want to Upgrade?


To: jhild who wrote (306)2/10/1999 11:56:00 AM
From: hammer  Read Replies (3) | Respond to of 1119
 
I asked the same question of Chris and actually the numbers do work out. Here's the assumptions:

Average Players Plays 5 cards per game @ $1 each
Average number of games per hour is 15
So - 100 players x 15 games x 5 cards x $1 = $7,500/hour or

Revenue is $7,500/hour $180,000/day $65,700,000/year

If BIGG has 100,000 playing customers/year then each player must average:

Per player avg. 657 cards/year 55 cards/month 12.6 cards/week
which = 2.5 games per week.

With a 50% jackpot rate the average player will spend $657 per year and loose $329/year - or $27/month. He will loose $11 each time he sits at his computer.

Hope this helps. Without these assumptions it is easy to get confused in the numbers game - I should have posted the math with my original post.

IMO these numbers are obtainable considering they already have 4,000 sign-ups in the first three weeks with no advertising.