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Old 04-09-2006, 12:14 PM
Shoe Shoe is offline
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Join Date: Jul 2004
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Default Re: why even charge rake if you are going to give it back?

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er - so they can put the accumulated rake money on the money markets until they have to pay it back and make some interest on it?
if their scheme takes off that could be a lot of interest over the year..

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They can also keep everyone's deposits (or a large percentage of them) in a money market account, all the sites do this and already make a lot of money off of interest in addition to rake. So they still have interest income but no rake income. I supposed holding the rake for a week just prevents you from withdrawing it earlier, and it also makes it seem like you are getting a free bonus every week (since they obviously won't be able to offer reload bonuses and such without taking any rake).
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