While surfing today, I came across this new site called Moola. Basically, they give you a penny. You then play a game of skill against another person with a penny. Winner gets two pennies. Then you find someone with two pennies to play against - winner takes all. From $0.01 to $10,737,418.24 (assuming you win 30 straight games - doubling each time).
Before you play a game though, you have to watch a short advertisement and answer a question, so you have to pay attention to the ad. The advertiser pays Moola more than a penny me thinks and thus, money is made. If you happen to lose all your money, you can get another penny at any time. They even award bonus cash from time to time (I've gotten bonuses of $0.10 and $0.15 while playing).
I did make it to level 5 once, but lost there and was knocked back down. The game is fun to play, though it is the same game every time. The problem with the system is that if you want to win $10mil, you need to find someone willing to risk their $5mil against you. And so on down the line. So if you happen to make it to the $81.92 level, are you willing to risk that much to double up? Depends on what you do for a living. As I type right now, there's at least one person willing to risk $163.84 to win $327.68. But if you make it that far, will you keep going? At what point do you cash out (you can cash out at any point over $10).
Is any sane person really going to risk $2,621.44? $20,971.52? $167,772.16? I think not. And even if they do, while there is a cost to Moola, since all their pennies have added up to that, think about it. To give out 1,073,741,824 pennies, you have shown ONE BILLION ads. I can't imagine what they are charging per CPM (cost per thousand ad views), but at $10/CPM, that's one penny per ad. With full motion video and a captive audience (you have to answer questions about the ad), the rates are probably much higher than $10/CPM.
Either way, an ingenious idea, but while it's all nice and good to advertise that you can win $10 million, it's never going to happen. NEVER. You will never find someone willing to risk $5 million. And I even doubt you won't find anyone willing to risk anything over $5,000. If you can even find people willing to risk $2,600.
URL: Moola Home Page
Before you play a game though, you have to watch a short advertisement and answer a question, so you have to pay attention to the ad. The advertiser pays Moola more than a penny me thinks and thus, money is made. If you happen to lose all your money, you can get another penny at any time. They even award bonus cash from time to time (I've gotten bonuses of $0.10 and $0.15 while playing).
I did make it to level 5 once, but lost there and was knocked back down. The game is fun to play, though it is the same game every time. The problem with the system is that if you want to win $10mil, you need to find someone willing to risk their $5mil against you. And so on down the line. So if you happen to make it to the $81.92 level, are you willing to risk that much to double up? Depends on what you do for a living. As I type right now, there's at least one person willing to risk $163.84 to win $327.68. But if you make it that far, will you keep going? At what point do you cash out (you can cash out at any point over $10).
Is any sane person really going to risk $2,621.44? $20,971.52? $167,772.16? I think not. And even if they do, while there is a cost to Moola, since all their pennies have added up to that, think about it. To give out 1,073,741,824 pennies, you have shown ONE BILLION ads. I can't imagine what they are charging per CPM (cost per thousand ad views), but at $10/CPM, that's one penny per ad. With full motion video and a captive audience (you have to answer questions about the ad), the rates are probably much higher than $10/CPM.
Either way, an ingenious idea, but while it's all nice and good to advertise that you can win $10 million, it's never going to happen. NEVER. You will never find someone willing to risk $5 million. And I even doubt you won't find anyone willing to risk anything over $5,000. If you can even find people willing to risk $2,600.
URL: Moola Home Page
posted by Blake | 21:11
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