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?
As far as I know the rakeback feature to qualify and be active to get the rakeback bonus bet participants must reach the Bronze VIP level, Rakeback can be said to be a passive income feature that is activated by gambling sites at least 10% of the house edge or more, the bet amount is understood.
Question what percentage of users on this forum who bet reach VIP level and who bet at least 1 BTC, I think 1% who earn and are active on Rakeback feature.Honestly, if you ask me of course I can't answer bonuses or the Rakeback system is profitable or ignoring, because I gambled not to the level of the Rakeback bonus.
It depends on the platform. At freebitco.in, for an example, there is the 'reward point' feature, which is guaranteed to the gambler every 500 satoshis he wagers. During promotional days, RP income increases up to x5, what means you earn 5 RPs for every 500 satoshis wagered. That is a kind of rakeback and you don't have to be a VIP or wager a minimum amount of money on the site to be eligible to participate. It's opened to everyone.
1 RP equals to 1 satoshi and can be converted once you accumulate a minimum of 100,000 RPs on your balance.
Besides RPs, there is also a kind of VIP program, since you have to invest in FUN tokens to acquire the official cashback feature, which varies from 0,005% to 1%, depending how many FUN you hold and for how long. To be part of this program you need at least 5000 FUN (about 0,0015
BTC investment) and to have access to top benefits you need 500,000 FUN (0,15
BTC investment). Cashback is just one item of the program, though. There are extra benefits for holders.
About Stake's VIP program, I'm trying to make my way towards 10,000$ wagered amount in order to unlock the bronze first tier.
I can't deny these features are really tempting...