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is this game even beatable with such ridiculous rake?

I think it is with 50% rakeback

how much is the rake on like FTP or PS?

and how did you get a 50% rakeback deal? i thought 33% was max

I dont know about FTP or PS. On cake the max is 33% but you get a 1st deposit bonus up to 600 (about 6%rb) + you get gold chips + gold cards. Dont know the % on those but overall I payed about 1500 rake on cake and recieved goldcards worth bout 100 so I would estimate it's about 5% rb. This gives us about 45% rb on cake