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Originally Posted by dilanesp
Basically correct. Rebates are a frequent flyer program. They reward a customer who is sensitive to their benefits while slightly increasing the price the rest of us pay.
They are also regulatory arbitrage, which only can work if most people don't use it.
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how does a rebate from someone else increase YOUR price? If a win takeout at Santa Anita is 15.43 percent (or whatever it is these days) that stays at 15.43 no matter who's betting into the pools.
