Rakeback Saves the Day

published on 10/23/08 at 12:07 pm

I didn’t used to be able to make much money playing poker. Don’t get me wrong, I made some money playing poker just not as much as now. I used to have to pay for food at the casino, do the valet, tip the dealer, wait for a table, buy a drink, blah blah blah. Now streamlined and online, I not only don’t pay for anything, I can play in as many tables at once as I can keep up with and on top of all of that, I get some of my rake back. I make money even when I’m losing!

A lot of the world is rife with rakeback opportunities, really. Take taxes for one: play the game right and keep track of everything and you can get an income tax return. Similar idea, maybe not as fun as playing poker, paying taxes, but the rakeback principle applies.

Frequent Flier miles are rakebackish, buy one get one free coupons are sort of like rakeback.

A lot of the world is rife with rakeback opportunities.

But imagine if it all was as easy as a rakeback program! Imagine if instead of braising your brain in the absurdities of intricate tax code crap for days, the government showed up at your door, made sure your kids were real and everything was on the up and up, then just gave you the cash. That’s it, check if everything is cool, give out the money then off to the next thing.


Maybe the whole kharma/dharma thing is like rakeback, a “what you sow so shall you reap” type of idea. Maybe, the unstoppable force of evolution is pushing us inextricably in the direction of this rakeback. Maybe it is just a matter of time before IRS agents are helpful multi-lingual customer service driven employees who let reality speak for itself without paperwork.

Or maybe it’s just a nice way to up EV playing poker. Either way, I’m a fan.

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