It’s always profitable to join on competition and at the same time gain from rakeback and level up rewards since even if you lose there’s still bonus that gives you back what you lose.
how is it always profitable? you only get back some of the money you lost.
... Cashback is getting a certain percentage of your lost money back, meaning that when you get caught, some money will come back in your pocket. And rakeback is a completely different thing, it does not matter whether you win or lose you get back a portion of the commission or house edge that the casino take on each of your bet.
thanks for explaining what cashback and rakeback is to me, i didn't know that. /s
That mean rakeback will be best for you when you bet consistently day and night and can generate a lot of volume.
you should also know that based on the game house edge, you will never get back more than what you spend to generate your wager volume long term.
on a 1% house edge game for example, statistically you spend $1 per $100 wagered, so if your rakeback is 20%, that's $0.20 you are getting back.
On the other hand cashback is a safety net or friend in danger for ordinary player

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nope, cashback is not a safety net, at best you will get 40% of your losses back, trickled to you back via daily/weekly/monthly or some other way.
it's just a way to keep players engaged and keep them playing longer.
But your point is also logical, neither makes gambling actually profitable longterm without smart play and bankroll management
nothing makes gambling profitable long term.