CBClickbank - Does it work? Ongoing review

Hi everyone.
Its been a busy week what with clicking away at PTC sites, joining a few new ones, and checking out different sites.

Last week, through another fellow mylotter (see review) I joined as a referral under CBClickbank. http://cbclickbank.com/affiliate/?r=eveeee
I was dubious (and have to be honest, I still am) but I thought well I have nothing to lose apart from a bit of my time. All he was asking was for people to join up under him, as his referral. There is no costs to join up and the registration was very quick and simple.

Now this is where I get confused, as a bit of a newbie to this type of site. So hopefully someone can help me out here, and leave a comment. How does it work?
On a straight referral system. Once you have signed up then you get you own referrals. No clicking on ads, or anything else. Just get them referrals.

I can see how the person I signed up under was getting his referral line built up. I think he was giving referrals away to those that signed up underneath him, so as to build his own even quicker. Good idea if it works! I like his style :)
By the time I signed up under him, he had had loads of requests and sign ups, so I didn't get any which was a shame, but I know of others that did as they posted replies. I presume he was too busy. Less than an hour ago I put out a post for my own people to join, to help me with my research. Hopefully I will get enough to get the ball rolling. If you are interested then click and register using the banner below.

Sounds to easy? Yes thats what I think, which is why I am giving it a go, as I love to proved wrong in situations like this and if I am proved right, well I still have nothing to lose, as I can write a full report on here, for my friends to read; naming and shaming.