Last night Marshall and I compared our October rakeback deposits from Cake, and it really drove home the harsh reality of the rake. My payment was $7.74. The rakeback plan is 33%, which is very nice, but it still means I still had about $15 raked out of my pots this month at a $.02/$.04 game.
My spreadsheet shows I played roughly 1700 hands, which comes out to roughly a penny a hand, and that's with a nice rakeback percentage. Something to think about...until you move up to levels where you are capping the rake on every hand, you can estimate that you are paying half a small blind per hand to play poker online.
Brad, if you signed up for Cake without the rakeback, I wonder if you can retroactively apply it. 33% is pretty huge, I was thrilled to find almost two buyins credited to my acccount for October. I'll email you the info, FWIW.