Rakeback and promotions for limited time - page 2.

carlfebz2

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Quote from: Silberman on June 12, 2022, 06:18:40 PM

Quote from: Findingnemo on June 10, 2022, 01:58:02 PM

Not really to offend anyone but personally I feel that cashback offer like feature is more of a trap to make increase your spending on their products or casinos or whatever it could be so I am not really attracted to it but is is a successful strategy from business perspective even though they are giving away 10% as rack back they are not losing anything because they will atleast make those people to spend 10 to 50% more on average spending amount for betting.

Well if a person increases their gambling in order to get more rakeback or cashback then this is no different than those which spend a lot more money in something they do not need to obtain a discount, at the end of the day people are the ones responsible for their money and they need to take the right decision, so personally I do not think of the rakeback feature as a trap, I think that people simply are unable to manage their money correctly and then they suffer negative consequences because of it.

But cant really be avoided that these rakebacks and promotions are likely to be a reason on why people do really go look after it and trying out to chase those winning since they do know or they do believe that

they are on advantage but actually its the opposite.They'll soon realize or find out on what the real deal with these promotions and rakebacks which could really trigger out your greediness specially if you are

hunting for something or trying out to place yourself in the leaderboard.Being impulsive is a common behavior which is something that cant be controlled easily.

Silberman

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Quote from: Findingnemo on June 10, 2022, 01:58:02 PM

Not really to offend anyone but personally I feel that cashback offer like feature is more of a trap to make increase your spending on their products or casinos or whatever it could be so I am not really attracted to it but is is a successful strategy from business perspective even though they are giving away 10% as rack back they are not losing anything because they will atleast make those people to spend 10 to 50% more on average spending amount for betting.

Well if a person increases their gambling in order to get more rakeback or cashback then this is no different than those which spend a lot more money in something they do not need to obtain a discount, at the end of the day people are the ones responsible for their money and they need to take the right decision, so personally I do not think of the rakeback feature as a trap, I think that people simply are unable to manage their money correctly and then they suffer negative consequences because of it.

coolcoinz

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I never care about this too much and my choice of games doesn't depend on rakeback. If it's there, it's fine, if not, I can live without it. This is one of those features that casinos like to add so that it's there when they get compared on those sites that do reviews and such. You don't want to have less features than your competition, right? I'll risk saying that it doesn't influence the number of players in any way. Maybe if you're a very frequent gambler it really changes how many times you can play and gives you money to have a free roll here and there, but you have to lose a lot of money for that free roll.

nakamura12

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If I gamble when I like it and at the same time there's a rakeback and promotions that you can take then I will take it but mostly, I don't really think much about it and just focus on gambling to have fun instead of getting the promotions which it could make you spend more. I only gamble low amount of crypto so that I don't lose too much and promotions and rakeback will be useless to me to start with. It's a trap to make you spend more so, I don't mind even if it's limited time only.

Findingnemo

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Quote from: Boristhecat on June 10, 2022, 02:11:03 PM

Quote from: Findingnemo on June 10, 2022, 01:58:02 PM

Not really to offend anyone but personally I feel that cashback offer like feature is more of a trap to make increase your spending on their products or casinos or whatever it could be so I am not really attracted to it but is is a successful strategy from business perspective even though they are giving away 10% as rack back they are not losing anything because they will atleast make those people to spend 10 to 50% more on average spending amount for betting.

Yes, I agree with you, all these tiers, cups, "bronze, silver, gold" levels bring an RPG element to gambling and this affects many players so they start playing more to reach higher ranks. And even though such features are introduced to the casino mainly in order to increase player loyalty, this is undoubtedly a trap for some gamblers.

As a business man this is their strategy to bring more returns but they didn't force we are on our own so we need to set our limits based on our risk appetite. Sometimes we think we are smart so trying to make money out of those offers, promotion, contest but in reality things maybe different so its important to be aware and know the consequences as well.

rhomelmabini

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Quote from: uneng on June 08, 2022, 07:07:53 PM

Do you take advantage of these features or do you think they don't worth? Do you have any strategies to play and increase your profit through rakeback or do you just ignore it? By your experience, have rakeback ever been profitable for you?

Any personal experiences you can share are appreciated!

I probably don't think much about it tbh since I only wagered few and the cashback is low too. I do like to spend it on dice in which I set the multiplier to low and then have my bet to 10-50% of entire portfolio just in 1 bet, that's the way to get the most from rakeback feature, though it's totally risky considering in one bet you'd be lost a lot from your current balance/portfolio.

coin-investor

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Quote from: uneng on June 08, 2022, 07:07:53 PM

Do you take advantage of these features or do you think they don't worth? Do you have any strategies to play and increase your profit through rakeback or do you just ignore it? By your experience, have rakeback ever been profitable for you?

Any personal experiences you can share are appreciated!

One of the casinos that I'm playing that offers a Rakeback and promotions like faucets box is Betfury and I'm doing both it's not a huge amount because its wage-based and the faucet is not really that huge but why not claim it it's free and it still adds up to your balance, casinos are offering these kinds of features to get back to the community part of their profit, Rakeback is never part of your profit because it's coming from your losses.

jostorres

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Quote from: uneng on June 08, 2022, 07:07:53 PM

Do you take advantage of these features or do you think they don't worth? Do you have any strategies to play and increase your profit through rakeback or do you just ignore it? By your experience, have rakeback ever been profitable for you?

Any personal experiences you can share are appreciated!

On to the site where I play gambling, rakeback feature on them is not only available for a limited time but it was already a permanent feature as long as you reach the first vip level which is called bronze but the rakeback percent starts small however it can also depend on your play style.

If you have been wagering hard with a better base bet and with a good capital then you can expect to get a decent rakeback, more if you won't constantly claim these rakebacks but if you will let it grow big first on your account. The only time I get a better rakeback is when I am wagering for the bronze vip level but as of now, I am just playing rarely or in hopes of earning a profit only so my rakeback is too tiny.

KTChampions

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Quote from: bitbollo on June 09, 2022, 06:10:38 PM

most of these promotions like rakeback could be avoided since doesn't provide any tangible advantage.
maybe you can earn a "small" percentage but this is nothing that could make a real difference.
it something that helps if you like to play even after a withdrawal or to receive free cash.

BUT there is nothing free and it means you're playing with a big house edge or maybe there are more fees for withdrawal and so on...some promotions that could be interesting are related special odds in betting or some kind of bonus deposits. these helps to maximize profits and you can "mix" with other promotions from other site to obtain a decent profit.

Maybe if the better can overcome the advantage of the bookmaker and, relatively speaking, play for zero, then at high turnovers the rakeback will be profitable and important for him. But it's hard for me to imagine that a bettor could "confidently" not lose to a bookmaker in the long run and have a large turnover of funds.

Boristhecat

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Quote from: Findingnemo on June 10, 2022, 01:58:02 PM

Not really to offend anyone but personally I feel that cashback offer like feature is more of a trap to make increase your spending on their products or casinos or whatever it could be so I am not really attracted to it but is is a successful strategy from business perspective even though they are giving away 10% as rack back they are not losing anything because they will atleast make those people to spend 10 to 50% more on average spending amount for betting.

Yes, I agree with you, all these tiers, cups, "bronze, silver, gold" levels bring an RPG element to gambling and this affects many players so they start playing more to reach higher ranks. And even though such features are introduced to the casino mainly in order to increase player loyalty, this is undoubtedly a trap for some gamblers.

Findingnemo

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Bitcoin = Financial freedom

Not really to offend anyone but personally I feel that cashback offer like feature is more of a trap to make increase your spending on their products or casinos or whatever it could be so I am not really attracted to it but is is a successful strategy from business perspective even though they are giving away 10% as rack back they are not losing anything because they will atleast make those people to spend 10 to 50% more on average spending amount for betting.

famososMuertos

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Cash back vs. rakeback
They are almost the same, but they vary according to how they are applied: I recently played in a casino that returned "cashback" up to $50 for losses, immediately.

They can not be ignored, at least not if you are every day or average in a casino.

Then you have to know how much the rakeback is and how it is achieved, sometimes the benefit is presented in different ways.

In Poker, rakeback is fundamental, the bad thing is that it is usually paid at the end of the month or when it corresponds, it is not a reward that is immediately available.

Then if the rakeback is essential for a poker player, so is the rake, which if it is not adequate ends up "pulverizing" the profits.

Who ignores the rakeback in a casino and says I go for the prizes, being a regular does not have "NPI," please, reason is simple; it is important.

That's why the casinos bother to have a very good return system, all those who are frequent are going to have bad months and this type of reward serves to compensate for losses.

The thing with rakeback is that just as your winnings depend on the size of your bet, so does rakeback.

The point is that if you pay rake you must have rakeback, yes or yes, then you can not ignore it, especially if you have a significant volume of bets.

Kakmakr

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I do not ignore it.... but I tend to forgot about it... and then when you are down and looking for more money, you start looking around for commission on referrals or your Rakeback...and then you suddenly have a balance again to gamble with. Grin

I have noticed that Stake.com has decreased their Rakeback with 50% in this last week, so I am not going to worry much about taking the Rakeback at Stake for quite some time. (let it build slowly and take it when I am in the red) Roll Eyes

Don Pedro Dinero

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Quote from: Smartprofit on June 09, 2022, 10:30:02 AM

I also ignore rakeback. The presence of an additional reward can seem very tempting and inspire the player.

However, this is a psychological trap.

Playing at an online casino requires a lot of concentration. When I play, I use my own game strategies. Following my own tactics and strategy in gambling improves my chances of winning.

I cannot deviate from my plan due to the presence of an additional reward. This can lead to negative consequences.

I do the same and I agree 100% with what you are saying. Often you end up losing more because you want to get the rakeback than if you had played with full concentration, so it is not profitable. Not to mention if you, as a result of playing more and wanting to reach a target in a given time, get tilted.

It is better to play your best game and the rakeback is a little extra.

goinmerry

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Quote from: uneng on June 08, 2022, 07:07:53 PM

Do you take advantage of these features or do you think they don't worth? Do you have any strategies to play and increase your profit through rakeback or do you just ignore it? By your experience, have rakeback ever been profitable for you?

Not that I totally ignored but I just don't mind it. Rakeback is good but since I do sports betting mostly, that is something I really don't care about.

Instead, it's more of an advantage and benefit to those users who are an enthusiast or addicted to gambling in casino games. It's good to see that while they are risking their chances at luck-based casino games, there are a Rakeback and other promotions that are waiting for them.

Of course, don't focus on Rakeback why we gamble. Just consider it as a benefit but we have to focus on winning.

Yogee

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Quote from: Bitinity on June 09, 2022, 02:39:37 AM

Quote from: Yogee on June 08, 2022, 07:53:12 PM

I'm not much of a poker player so the pros know better about rakebacks.

I think it has nothing to do with specific game such as poker, rakeback available almost in all casino for all kind of games. All gamblers knows about rakeback, no need to be a pro. In very simple explanation, rakeback is just something that you get back based on how much you have wagered on the casino.

Rakeback is an important thing to have in casino, real players cares about it as they can get something back if they lose while wagering or they can get extra money if they win while wagering.

Yes I am somewhat familiar with the term but I often see or read it on poker games. I was hoping some "pro" or someone who plays the game regularly to explain the finer details and so my "know better" comment.

Quote from: bitbollo on June 09, 2022, 06:10:38 PM

....
BUT there is nothing free and it means you're playing with a big house edge or maybe there are more fees for withdrawal and so on...

Well they have to take the funds for these promotions from somewhere other than their own pockets hehe. It's normal among businesses.

bitbollo

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most of these promotions like rakeback could be avoided since doesn't provide any tangible advantage.
maybe you can earn a "small" percentage but this is nothing that could make a real difference.
it something that helps if you like to play even after a withdrawal or to receive free cash.

BUT there is nothing free and it means you're playing with a big house edge or maybe there are more fees for withdrawal and so on...some promotions that could be interesting are related special odds in betting or some kind of bonus deposits. these helps to maximize profits and you can "mix" with other promotions from other site to obtain a decent profit.

Saisher

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Quote from: uneng on June 08, 2022, 07:07:53 PM

Do you take advantage of these features or do you think they don't worth? Do you have any strategies to play and increase your profit through rakeback or do you just ignore it? By your experience, have rakeback ever been profitable for you?

Any personal experiences you can share are appreciated!

Why not claim it since its given to you free for wagering it's not a big amount but it will add to your balance I claim mine on casinos where I play with this kind of feature, Rakeback is never profitable because it's coming from your losses unless you used it and you won a good amount, and don't ever think of Rakeback when you're playing, it will get you off your game, enjoy the game or make money if you're lucky if you lose then wait for your Rakeback, just don't expect a percentage because its wager based.

Silberman

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Quote from: uneng on June 08, 2022, 07:07:53 PM

Some casinos give gamblers the opportunity to earn extra satoshis by rewarding them a small percentage of the total sum of money gamblers have wagered on the platform. It's a kind of cashback feature which greatly varifies in values from one casino to another and depending the game (poker offers the highest rakeback percentages I've seen). Besides this feature, from times to times, special promotions with similar rules and benefits to players may appear aiming to raise the popularity of the website, and incentivizing people to spend more time and money at the casino.

Do you take advantage of these features or do you think they don't worth? Do you have any strategies to play and increase your profit through rakeback or do you just ignore it? By your experience, have rakeback ever been profitable for you?

Any personal experiences you can share are appreciated!

If a rakeback bonus is available at a casino then without a doubt I will take advantage of it and I will appreciate whatever satoshis I get back, however this is not going to change at all the amount of money I gamble or the time I dedicate to it, simply because the percentage you will receive will always be on the low side, so while some extra satoshis are always appreciated, it should not be enough to force me to change the way I approach gambling in general.

KTChampions

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Quote from: uneng on June 08, 2022, 07:07:53 PM

Some casinos give gamblers the opportunity to earn extra satoshis by rewarding them a small percentage of the total sum of money gamblers have wagered on the platform. It's a kind of cashback feature which greatly varifies in values from one casino to another and depending the game (poker offers the highest rakeback percentages I've seen). Besides this feature, from times to times, special promotions with similar rules and benefits to players may appear aiming to raise the popularity of the website, and incentivizing people to spend more time and money at the casino.

Do you take advantage of these features or do you think they don't worth? Do you have any strategies to play and increase your profit through rakeback or do you just ignore it? By your experience, have rakeback ever been profitable for you?

Any personal experiences you can share are appreciated!

I ignore such features because I have a small turnover of funds, so these bonuses are small for me to feel any profit from them. In general, I do not strive to receive these bonuses, but if they are accrued automatically, then of course I use them. We all understand that it is much more important to be a profitable player than to receive "consolation" bonuses.

Topic: Rakeback and promotions for limited time - page 2. (Read 436 times)