Hi Lady,
I have or had a huge player just almost ever since MGS opened their poker rooms and like you; I wanted to keep the guy happy. However in my case more because I’m just too dumb to know how to get set up to do a rakeback than anything else ….. I simply would send him some money every once in a while.
However I eventually lost him other than I think he stops in and plays on my account every once in a while. … likely when he’s having bad luck using the rake back account.
rake backs are not so different a situation than what the sod business experienced back in the 80s here in KC. There was an excess of turf sod (which is unusual around here, if anything its the other way) and anyway the competitors began cutting each other’s throat until they were basically working just to meet payroll and that was about it.
There is a loosely based association they all belong to where needless to say some heated debates arose but in the end what i consider the “smart” people were able to make the rest of the bunch listen to reason and realize that all they were doing was hurting each other to the point of bankruptcy.
Had everyone stuck to their guns and NOT went the rakeback route; two or three years from now everyone would be in a hugely better position than they will be now due to this occurance.
Yes some of those who sold out and went rakeback have made their money and then some. But consider what if everybody sold out in such instance? The only reason these rakeback sites are doing as well as they are; is because of the rest of us who are smart enough to see that to enter into this debacle would eventually result in the competition being so tough that you’d be looking at some silly percentage that could feasibly go as low as 1 or 2 percent.
If you think that sounds crazy you’re very wrong. Simply look around and you’ll see its already starting to happen but since many have chosen not to waste their valuable time and resources entering into a race that isn’t going to have a prize that justifies the risk – it is a slower process but one that I think in the end will still have the same sad results.
So yes it is the “God given right” to cut your own and your competition’s throat but is it smart? I think not.