
A 25–45% admin fee plus deductions can cut the effective rate to 10–15%, and a 5-NDC/month miss lets the operator change your deal. Model the net rate first.
Editorial
Dual Tier-1 (MGA + Sweden) casino/sportsbook program (Bethard, Fastbet). A 25–45% admin fee guts the 25–50% headline, plus a €10k high-roller carryover, a hard 5-NDC quota and 3 owners in 3 years. For high-volume Nordic media buyers who negotiate first.
House Grade
Low
~25%
By negotiation (AM)
Monthly, Net-10 (€100 min)
Yes
No
Low
~25%
By negotiation (AM)
Monthly, Net-10 (€100 min)
S2S Yes / API No
Bethard Affiliates is best suited for established iGaming publishers, sports-betting portals, and Nordic-focused media buyers capable of delivering high-intent, compliant traffic. Its dual Tier-1 licensing and multi-vertical offer make it a legitimate monetization option across target European markets — but a heavy administrative-fee deduction and an active-player quota mean you need consistent volume to make the effective rate worthwhile.
Program Highlights
Established in 2012, Bethard Affiliates is the official partner program for the Bethard Casino & Sportsbook and Fastbet brands. Operating under the ultimate ownership of Cherry with Friends AB (since January 2024), the group manages player acquisition across regulated European jurisdictions via subsidiary Prozone Limited, backed by a Malta Gaming Authority B2C licence (MGA/B2C/908/2021) and a Swedish Gambling Authority (Spelinspektionen) domestic licence.
The consumer product line spans a large casino library, live-dealer games, Pay 'N Play conversion via Fastbet, and a fixed-odds sportsbook. Core target markets include Sweden, Norway, Germany, and Canada, while the UK and US are excluded. Note that the brand has passed through three ownership changes in as many years, a churn history that has previously coincided with retroactive changes to affiliate deal terms.
Commission Type
RevShare, CPA, Hybrid, Sub-affiliate
Commission Details
RevShare 25-50%
Payout Frequency
Monthly, Net-10 (€100 min)
Min Payout
100 EUR
Admin Fee
25-45%
Negative Balance
Reset
Cookie Duration
60 days
License
Malta (MGA), Spelinspektionen (SGA)
Founded
2018
Software
Income Access
NGR Formula
NGR = Bets - Admin Fee - Bonuses - Fraud - Other - Returned Stakes - Taxes - Wins
Target GEOs
Brands
2 casino brands running on this program are reviewed on CasinoMass:
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Unlicensed private network — no public T&C, no AGD/GPWA presence, crypto-only payouts (no chargeback recourse). Confirm CPA triggers, hold period, and postback in writing before sending traffic.
N/A
On request
By negotiation (CPA / CPL / Hybrid CPA+CRG)
Weekly
No
No
N/A
On request
By negotiation (CPA / CPL / Hybrid CPA+CRG)
Weekly
S2S No / API No
Private CPA brokerage (crypto/forex/iGaming) with fast weekly stablecoin payouts, but no public T&C, no license, and gated tracking — sophisticated media buyers only, after manual AM verification.

House Grade
Heavy deductions (15% admin + 5% on transactions) erode headline RevShare — forecast net, not headline. Tier-2 licensed only.
Medium
~30%
By negotiation
Monthly
Yes
Yes
Medium
~30%
By negotiation
Monthly
S2S Yes / API Yes
Reliable Tier-2 crypto-friendly casino program — clean GPWA payment record, no bundling, monthly multi-currency payouts. Solid for media buyers, but model the 15%+5% deductions before scaling.
N/A
~50%
On request
Twice a week
Yes
Yes
N/A
~50%
On request
Twice a week
S2S Yes / API Yes
Very safe, strong earning potential — no negative carryover, Tier-1 licensed.

N/A
On request
On request
Once a week
On req.
On req.
N/A
On request
On request
Once a week
S2S On req. / API On req.

N/A
On request
On request
—
On req.
On req.
N/A
On request
On request
—
S2S On req. / API On req.

House Grade
Grey-market operator on a Tier 2 Curacao sub-license targeting AU/CA/NZ; ACMA block-lists mirror domains and banks restrict card deposits (~40% success), so traffic must lean on crypto/voucher funding. Limited legal recourse in disputes.
Medium
~25%
By negotiation (AM)
Monthly (Net-20)
Yes
Yes
Medium
~25%
By negotiation (AM)
Monthly (Net-20)
S2S Yes / API Yes
Reasonably safe, solid earning — no negative carryover, zero admin-fee deductions, single-brand payouts, reliable monthly pay. Best for SEO and media buyers who can convert crypto- and voucher-savvy grey-market traffic.