Rakeback and promotions for limited time

[Mr. Magkaisa]

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!

As a real gambler, rakeback or cashback maybe a small amount of satoshi but at least there is a rewards cashback every time you do play in the games. Unlike, you play but no cashback or something like a discount when you buy something. Now if you win, of course there profit and at the same time there is rakeback as well, so if one of the casino games in crypto have that type of features, I could say that platform of gambling is one of the place to play with gamble.

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[Boristhecat]

"bronze, silver, gold" levels bring an RPG element to gambling

The wider competitive game, I imagine that is more effective then alot of measures.  A greater purpose to the game, to the risk taken because it feeds into that overall ranking is something I recognize from general game playing even outside of gambling that's a strategy deployed to increase involvement and feedback in a userbase.  I can remember games stats was placed under names like a status, hierarchy all that is a thing
  Interesting that it would be highest for the Poker players, maybe because its already possibly a more social game and helps encourage whole groups of players.

These RPG elements, oddly enough, have a really big impact on the behavior of gamblers. If I'm not mistaken, then Napoleon had some kind of cynical statement on this subject, like "toys control people." He said this about soldiers who give their lives or health for orders and badges of honor. Gamblers, of course, are in better conditions, but the principle is the same.

[Sanitough]

It's not something to take advantage of, that's just part of the promotion but it is always based on the total wagered of a gambler in a gambling site. I have an account in a certain gambling site that I have been loyally playing to them for years already, if I reach a certain level, they give me some reward, and they will let me choose if I go with a Rakeback or a free bet, but it's not really a big thing though, that's just a little bonus for our loyalty.

[LUCKMCFLY]

For me, when you play and take advantage of this type of benefits, it is very good, I always use a part of it to play, if I win it is good if I lose I leave time without playing to accumulate, however when I play at Betfury they give benefits like these, I don't know or I'm not clear if at Betfury we can do this type of events with poker, because I think the poker player has to be more focused on PVP, and not play against the house, I like it a lot, but for I play for slots, however, recently bitcasino, io offered to return the money that was lost to be able to play again, this was a great offer for the most active players.

[panjul07]

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?

Do not play for rakeback but take it as a side bonus from your gambling activity only.
Rakeback is a good offer and it may give you something back based on a formula (can be different from a site to another).
No matter you are losing or winning, you'll receive some rakeback but as what I said earlier it should be taken as bonus and do not take it as one of your gambling purposes.
Coming up to strategies to increase your rakeback is simply by wager as much as possible, but bear in mind that the more you wager/play the higher chance for you to lose.

[Gianluca95]

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!

Rakeback is surely a good thing for both of gambler and casino. But I also don't think that a cashback could create some advantage to a player, unless you're a matched better and on that platform you're going always to lose

your bet. In that way you'll have big earnings, in other way it wouldn't have any sense in my opinion.

[Saint-loup]

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?

Do not play for rakeback but take it as a side bonus from your gambling activity only.
Rakeback is a good offer and it may give you something back based on a formula (can be different from a site to another).
No matter you are losing or winning, you'll receive some rakeback but as what I said earlier it should be taken as bonus and do not take it as one of your gambling purposes.
Coming up to strategies to increase your rakeback is simply by wager as much as possible, but bear in mind that the more you wager/play the higher chance for you to lose.

No in some casinos the rakeback/cashback bonuses consist of a percentage of the losses only. Then if you've only won during your session you won't get any rakeback. It reduces the House Edge at the end but not in an easy predictable way since you can't guess if your session will be a good or a bad one, but it's better for high volatility games IMO. Unlike rakebacks purely based on your wager amount, no matter if you get winnings or losses, from which you can more easily calculate the reduction of the house edge.
eg if you wager 10mbtc with 4% HE and 1% rakeback you will get a net 3% HE at the end

10 x 4% = 0.4 mbtc
10 x 1% = 0.1 mbtc
0.4 - 0.1 = 0.3 mbtc = 10 x 3%

[Vaskiy]

What we receive as rakeback is an reward for what we've wagered. This wager would've brought us wins as well as loss. If we take the majority, it'll be loss than win. So, from business perspective it is a success for the gambling sites. From user perspective it is good to extend our gambling activities for little more time. For example I used to claim the rakeback whenever I end up losing everything. By the time what I receive doesn't even account to dollar. Now I used to check my luck spending the amount with the multiplier placed at certain number so that I can recover what I've lost with my previous wagers.

[goinmerry]

Might be better to just ignore Rakeback or any promotions and just focus on winnings.

It's not that it should be totally ignored but it will be a surprise bonus for us if such promotions exist once we realized that there's a thing like that on the gambling site that we are playing with. Imagined, we just do gambling as usual then after a long period of time, we will find out that we have an active bonus from playing.

Aside from that, with the purpose of achieving the promotions bonus or any kind, it needs lots of patience and money as obviously, there's a requirement for that and might be difficult for those who don't gamble regularly.

Just play on our usual, maintain winnings and let the bonus just come without us noticing it.

[LUCKMCFLY]

Might be better to just ignore Rakeback or any promotions and just focus on winnings.

It's not that it should be totally ignored but it will be a surprise bonus for us if such promotions exist once we realized that there's a thing like that on the gambling site that we are playing with. Imagined, we just do gambling as usual then after a long period of time, we will find out that we have an active bonus from playing.

Aside from that, with the purpose of achieving the promotions bonus or any kind, it needs lots of patience and money as obviously, there's a requirement for that and might be difficult for those who don't gamble regularly.

Just play on our usual, maintain winnings and let the bonus just come without us noticing it.

Yes, you're partly right about that, but it turns out that I don't really like those bonuses, because if you manage to win, you have to make incredibly large wagers, and that instead of producing fun, it causes me stress, this has already past and when I take that bonus there is no turning back, so the only thing I do to not get stressed is that the money I left in that casino with the bonus going, I would not worry about making money, I would only use it for my fun, because it has more meaning Imagine that I only invested that money in my fun than to make a wager of 20x or more, which is most likely that I will not achieve it due to the high pressure that arises.

[Fortify]

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!

These are commonly offered by casinos both online and in the real world in order to entice players in. It just goes to show how profitable and potentially addictive gambling can be if these mega gambling operations can effectively give away free money to "buy" you as a new customer. They expect you to burn through the initial perks, get dollar signs in your eyes from a few decent wins and pour more money back into their site. Clearly there must be logic in it and they must be making huge sums if it's this sustainable. You'll find that they will offer welcome bonuses but after that the promotions tend to get much more technical, because they don't tend to reward long term customers anywhere near the same - you're in their trap already.