Re: if rakeback is so important how come PokerStars is a major player?
Vast vast majority of players don't know about rakeback. Personally, I don't play at Pokerstars specifically due to their lack of rakeback. It doesn't matter how good a player you are, rakeback has the same absolute effect and that is very large indeed.
Say I 5 table the 10/20 short. I pay $180 an hour in rake. Even at 30% rakeback I am paying $54/hr more to pay at Stars, which just isn't worth it, even more so bcs I am on way more than 30% with a variety of sites. If I ever move up to 30/60 or higher I might play a bit at stars as though rakeback becomes more important in absolute terms, it becomes less important in relative terms, so I would consider playing at Stars if I found a good game.
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