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?
Rebates look sweet on paper but theyre basically a loyalty leash. The house waves free money and nudges you to keep chasing sessions you would normaly quit, a classic sunk cost trap with a shiny VIP sticker. Even a refund of around 10 to 15 % means you still eat 85 to 90 % of the loss and variance keeps kicking. If you wouldnt make the same bet without that extra carrot then its not protection, its just marketing.