Poll on cuasi-cash Rake Rebates:
 

Would you be interested in getting/giving your rake back in cuasi-cash instruments instead of gift certificates?.

A cuasi-cash instrument CAN be redeemed for 96% face value in cash inmediately or saved and disposed of at a later date at a greatly increased or decreased value, depending on market conditions, and/or the nature of the instrument selected: short-term bonds, stocks, gold, silver, coins, rolex watches, etc.

Re: Poll on cuasi-cash Rake Rebates:
 

FWIW: I'm just trying to establish if it is worth my time and effort to setup a trustworthy system for all involved.

Re: Poll on cuasi-cash Rake Rebates:
 

Yeah I want $1500 a month in 1800Flowers.com gift certificates.

Anyone who chooses that option is seriously retarded.

Re: Poll on cuasi-cash Rake Rebates:
 

[ QUOTE ]
Anyone who chooses that option is seriously retarded.

[/ QUOTE ]

Yet it is the only form of rake-back, currently offered, that complies with the poker sites' affiliate agreement.

I, myself, prefer cash instead, but would pay a moderate fee to have things 100% compliant with the affiliate agreement. Yet, I suspect that most other players/affiliates would not.

Hence, the reason for the poll.

Imagine getting 100% of your rakeback in OZ of gold, or IBM stock certificates, or... redeemable inmediately for cash at 96% market value (to cover transaction expenses plus MY cut). For big enough transactions (i.e.: monthly rakebacks above $6,250), a FLAT fee of $250 would apply.

Re: Poll on cuasi-cash Rake Rebates:
 

[ QUOTE ]
Imagine getting 100% of your rakeback in OZ of gold, of IBM stock certificates, or... redeemable inmediately for cash at 96% market value (to cover transaction expenses plus MY cut).

[/ QUOTE ]

Conversion into desirable assets is good. You should have mentioned this.

Re: Poll on cuasi-cash Rake Rebates:
 

If you do set up a store, spell it 'quasi,' not 'cuasi.'

Re: Poll on cuasi-cash Rake Rebates:
 

Yet, I suspect that most other players/affiliates would not.

There is more than a 24-1 chance of them getting busted, so logically they should throw the 4% away as insurance.

Lori

Re: Poll on cuasi-cash Rake Rebates:
 

[ QUOTE ]
If you do set up a store, spell it 'quasi,' not 'cuasi.'

[/ QUOTE ]

agreed

Re: Poll on cuasi-cash Rake Rebates:
 

I guess my Latin background shows every now and then...Thanks.

It is highly unlikely that I'd be setting this up anytime soon. Too much work and too much hassle for uncertain money.