Are loss rebate promotions a smart way to keep your money safe?

[Slow death]

As strange as it may seem, there are many people who, because they know that some casinos give weekly and monthly bonuses and that the value of these bonuses depends on the level of the VIP account and the amount that person loses in the casino, then these people play with a lot of money to have higher level VIP accounts quickly, and they stop playing for the money instead of for fun. I can't understand how these people think. Fortunately, in my case, I play based on the small amount I can get and I'm not very interested in the bonus. Of course, when they give me a bonus, I don't refuse it, I use it to play.

[Fivestar4everMVP]

Some casinos will give you back good % of your net losses every week, but only if you keep playing for their tiered VIP system. Does the rebate really make us take smarter risks, or does it trick us into going after losses we would normally just walk away from?

I don't completely understand what you mean but let me answer based on what I am thinking you mean.

Rebate as I understand it is a partial refund which the casino gives back to the gambler after the gambler must have lost too much gambling on the casino, this move is usually a tactics the casino uses to keep the gambler and to encourage him or her to keep gambling, I dont see how the rebate we as gamblers get back from the casino helps us make smart choices or either go after loses we can easily walk away from..
What I do know is that every gambler is gambling to win based on their level of knowledge, no body can be smarter than he or she knows you know, so, every gambler is taking gambling decisions based on their level of knowledge not minding whether they will be rebate of their lost funds or not.

[swogerino]

Some casinos will give you back good % of your net losses every week, but only if you keep playing for their tiered VIP system. Does the rebate really make us take smarter risks, or does it trick us into going after losses we would normally just walk away from?

Not really, it does not make us smarts, it is just benefits for loyal players I would say as the more you play in a casino the more you level up and with the tiered leveling up system that usually is represented in VIP levels. Now depending on the casino it can be some nice benefit, though the weekly system is not enough to keep us playing, the monthly bonus is one of the best bonuses like in the casino in my signature where you have to be level 22 or more to have this buffet with all nice benefits, in other casinos applying monthly bonus they give you a certain big amount compared to daily or weekly bonus and they call it, have a bet on us. Now these are good benefits though people who play, in reality they play to win money, during the road of doing so they are greeted with these bonuses. That is how it works.

[tabas]

Some casinos will give you back good % of your net losses every week, but only if you keep playing for their tiered VIP system. Does the rebate really make us take smarter risks, or does it trick us into going after losses we would normally just walk away from?

It's a way to retain users that have high wagers. And that's why tier levels are made for them to keep and separate the better gamblers from the casual ones. In our thinking, these rebates are good and convenient because of this incentive, this gives us a safety net that even if we lose, there's still something going back to us. And at the same time, the chase to keep the tier level like being VIP, it's one of our goals and so we wager more. We think that we have outsmarted the casinos? no, they are outsmarting us and they're just doing the actual business that they're in to us.

[Lanatsa]

Some casinos will give you back good % of your net losses every week, but only if you keep playing for their tiered VIP system. Does the rebate really make us take smarter risks, or does it trick us into going after losses we would normally just walk away from?

I don't completely understand what you mean but let me answer based on what I am thinking you mean.

Rebate as I understand it is a partial refund which the casino gives back to the gambler after the gambler must have lost too much gambling on the casino, this move is usually a tactics the casino uses to keep the gambler and to encourage him or her to keep gambling, I dont see how the rebate we as gamblers get back from the casino helps us make smart choices or either go after loses we can easily walk away from..
What I do know is that every gambler is gambling to win based on their level of knowledge, no body can be smarter than he or she knows you know, so, every gambler is taking gambling decisions based on their level of knowledge not minding whether they will be rebate of their lost funds or not.

Rebate or Cashback or any other terms of it will be just that the same on which this is something that they would be giving out on a % on overall loses that you do have on which actually these are just that simply those casual traps as if they are saying this to be a promotion but actually its just that a trap just to make you remain and even into those VIP features and benefits on which those are just that things that hold you up on playing continuously into the site and its not that new anymore. I dont know about that having that smarter risks because what we do know that at the time that we do made out some deposits into the site then we are already that should considering those amounts already lost or have that gone completely and dont expect something from it. The main issue on here is that people do keep on chasing up their loses and once they do have in mind that they could get that a % back with those loses then this what makes them that confident but to look at on the amount given back then its not worth at all. lol

There's no such thing about being safe if we do speak about promotions or lets say gambling literally on which at the time that you would be putting up your money into the house or lets say that you do made out some deposit then consider those money to be that totally lost. Never ever having that kind of assumption that you can still make money with that because we do know that it would never be that something that give out some guarantee when it comes into this aspect. Always be considerate about into your situation because if you are that longing for leisure and entertainment with gambling then you should be wary about on the risks involved into it. Most of the time on which gamblers are that becoming that delusional and thats why they would be having those kind of common actions on trying out to make most out of their money at the time that they do gamble on which this is a bad thing. Gamble for fun and not for the money should be always be that at your mind so that whenever you do commit out some loses then you wouldbe just that eventually be having that kind of easy moving on just because you had been that expecting such situaiton.

[ralle14]

Those rebate promos could save a bit of your gambling money, but it's never the smart move if your objective is the other way around. You already mentioned that it's included in their VIP programs, and you have to play a lot before you become eligible for those rebates.

If you want to play while trying to save up, then you should go for those risk-free types of promos. They're one of the better promos, but it's mostly like a welcome offer to their new players.

[qwertyup23]

Some casinos will give you back good % of your net losses every week, but only if you keep playing for their tiered VIP system. Does the rebate really make us take smarter risks, or does it trick us into going after losses we would normally just walk away from?

It has been statistically proven that if a person stays longer exposed in any kind of gambling influence, the more chances that he/she would loss given the presence of house edge in favor of casinos.

OP you mentioned that there are certain casinos that will offer a rebate depending on the percentage of your losses every week. This may definitely sound appealing to your average gambler because it somehow gives you a sense of security for your losses. But this kind of scheme makes you want to gamble more in the process, which thereby exposes you to more risks in the future.

While I do agree that some casinos do not offer this kind of privilege to their VIP users, still in my humble opinion, this will trap the player into gambling more in the process. Ultimately, the casino will benefit long-term from this method.

[Dr.Bitcoin_Strange]

I don't think these losses you get back would be significant at all, but it's part of that casinos system of keeping you active because you are someone that's rated as a VIP user...Is worth that sacrifice though? Casinos don't do give out for free just like that, for them to give you a percentage of your loss weekly means that you lost a very huge amount of money, what you get as a compensation won't be anything compared to it

It's just a strategy to keep a customer loyal, the amount of rebate given is never compared to the losses the gambler encountered, but if you are very lucky, you could use the money to win back the amount you lost. You know that luck is random and some people can be extremely lucky. I just believe that some gambers could luckily win big too with the rebate. So, it counts for some people.