Cash rebates are not gone by any means. That is false information. You trade your points in for cash, as they were always best used on the VIP program.
http://www.carbonpoker.ag/rewards/
Kahn, the quote in the initial post came directly from the FAQ on the carbon site.
Or maybe you didn't understand that I was talking about -bthe daily rebates that went away. What's left is the points for cash. What was there before was the daily rebates plus the points for cash.
Correct, DAILY cash rebates are no more. However, players can still cash in VIP points for cash, anywhere from 3-5x per month depending on what VIP tier one is in.
so did i get it right, if i have earned 500 vip points i will get 5 dollar to my bankroll?
You can cash in points for cash based on the VIP tier you are in, see the link in my quoted post above.
thinks they offer about half as much value now for most players
This isn't true. Rakeback players, yes, many of them lost value. However, in general, rakeback players are a small portion of the player base. Most recreational players do better on the new VIP program b/c the requirements for the tiers were dropped. Myself, as a high volume player there, did have a reduction in value b/c the highest tier went from 45% back to 35% back. Small price to pay for fishy games in my opinion.
i play bovada and where they used to have good promos they havent in a while and im wondering if with the possibility of olp becoming legal in some ststes if what we are now doing is illegal and they are getting ready to close the doors in the current usa poker rooms
The US rooms shutting their doors is very unlikely any time soon.