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.
So if you lose 100k and the site you played on offered you 20k back, you would not accept it? I don't know about you but I am taking the free money. Even if they attach a wager requirement, it's still free for you to lose or run up.
OP you're not keeping anything safe if you had to lose to get a rebate. They're just a way to get people to keep gambling and maybe lose more to the casino. I'm not against rebates but it is what it is.
You really made a good point because if we have to lose to get the rebate, then nothing is safe for us. This is making people more greedy because when a gambler spends a lot of money on gambling and if he loses, he will get some money back which will make him hope to gamble again later, also some people can get addicted to it and gamble after seeing this rebate system. One thing we have to remember is that casino companies will never give us such an opportunity that will harm their company. Casino companies are always trying to harm us, so we must always be safe and gamble wisely.