Quote from: Bitinity on Today at 05:57:33 AM

Quote from: coinerer on Today at 03:31:33 AM

Quote from: Bitinity on February 18, 2023, 07:56:37 AM

Quote from: coinerer on February 18, 2023, 07:10:53 AM

I personally think that the cashback system plays the most important role for a casino site nowadays. Because almost all gamblers lose their bet at some point of time while playing gambling, in this case gamblers will be most attracted to the site if they are given some percentage cashback of their loss amount. i think this is a potential strategy. Because I myself personally look for such sites

In fact not many bitcoin casino offers cashback, most bitcoin casino offers rakeback. I myself prefer to have rakeback than cashback, because rakeback gives players something back based on the wagering activity regardless how is the overall profit. It means that losing and winning players will still get something back. Cashback might be something attractive for whales but for small player like me, the amount of cashback wont be big since I wont lose big amount of money, that's why rakeback is a better one than cashback.

Not many casino sites offer cashback because it can be a unique facility but it is very costly so casino sites don't agree to do it but if a casino site has a high budget for marketing then they can try it. Personally I think it will work very well. Because when a person loses in gambling he goes into a kind of depression but at that time if the casino site gives him some amount of cashback then he will be able to overcome that depression and he will be more attracted to that site.

How can cashback is costly while it will be working only when players lost their money? Rakeback costs more compared to cashback because it is not based on player's losses. Even the site with huge marketing funds like the one you promote in your signature does not offer cashback. It shows clearly that cashback is not unique, but it is not what is wanted by most players. Just use simple logic, if a player want cashback or hunting for cashback, means that they prefer to lose while gambling as if they win, they wont get cashback.

In a casino site there are two classes of people one team loses and the other team wins when one team loses the money the other team wins, the team that bet against it here the casino site acts only as a medium and they get commission. So when they give cashback to the losses person it must be borne by the casino site so it must be cost effective. And by that I mean the cashback thing is pretty cost effective