This is how you're supposed to play them? From your article:

For example, a casino might offer a 5% loss rebate for a loss from $100,000 to $300,000, a 10% loss rebate for a loss from $300,000 to $500,000 and a 15% loss rebate for any losses over $500,000. This type of loss rebate program encourages hit-and-run play. Bet as big as possible on as high-variance/low-edge game as possible. If the player loses big, then he cashes out his rebate and heads to the next casino where he can get a similar deal.

Unfortunately, loss rebates of 5% to 15% do not make you whole.

Sorry, I'm not going to lose $100,000 to get a parting gift of $5,000 in the form of a loss rebate.

If this is the math of APs I'm going to stick with what I'm doing. You guys are crazy.