Quote:
Originally Posted by tangram
I don't know how Lock is going to beat Cake's deal. If you're true VIP, your functional rakeback on Cake is in the 70-75% range.
I'm trying to figure out how Cake makes money, especially when rakeback partner is getting another 10-15% for affiliating the account, plus bonuses.
Maybe someone with back office online poker experience can explain this to me if I'm in error.
It made me wonder enough where, coupled with Cake's not segregating player balances, and the more hoops than in a croquet game we both have to go through to get paid, I just cashed out my account.
Cake has excellent client, but the cashout and cash flow issues are troubling to me.
While some people get close to 100% back (I've even had months back in the old loyalty level $ amounts where I got 120%+) you have to remember that some people don't get rakeback, and others that do get rakeback don't even do the reload bonuses.
In other words, some of cake's players they make next to nothing off of (but still help the site out because they tend to be the players that keep the tables going) while other players they make a TON off of.