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This is my current decklist:
 

1 x Transguild Promenade
1 x Rakdos Guildgate
11 x Mountain
11 x Swamp
1 x Rakdos, Lord of Riots
1 x Carnival Hellsteed
2 x Gore-House Chainwalker
2 x Dead Reveler
2 x Rakdos Shred-Freak
1 x Splatter Thug
1 x Bloodfray Giant
1 x Ogre Jailbreaker
1 x Hellhole Flailer
1 x Rakdos Ringleader
2 x Rakdos Cackler
2 x Spawn of Rix Maadi
1 x Grim Roustabout
1 x Pyroconvergence
1 x Ultimate Price
1 x Slaughter Games
1 x Curse of Bloodletting
2 x Annihilating Fire
1 x Thunderous Wrath
1 x Rakdos Charm
1 x Skull Rend
1 x Destroy the Evidence
1 x Traitorous Instinct
1 x Mizzium Mortars
2 x Deviant Glee
1 x Street Spasm
1 x Auger Spree
2 x Tablet of the Guilds

1 x Stab Wound
1 x Destroy the Evidence
1 x Cremate
1 x Terrus Wurm
1 x Deviant Glee
1 x Gore-House Chainwalker
1 x Thunderous Wrath
1 x Explosive Impact
1 x Dynacharge
1 x Pyroconvergence
1 x Rakdos Charm
1 x Skull Rend
1 x Slaughter Games
1 x Rakdos Shred-Freak
1 x Rakdos Ringleader
 
 
 Anyways, I would like to hear any ideas or recommendations you all have on this deck and how to make it better. Thanks.  

You looking for just a full RTR or regular standard?

Personally I like playing Rakdos very aggressively by using a fairly low curve, fast aggressive creatures and cheap burn/pump spells.

Aggressive Rakdos creatures I'd recommend: Rakdos Cackler , Rakdos Shred-Freak , Thrill-Kill Assassin , Hellhole Flailer , and Hellrider .

A couple of my friend's also swear by Vampire Nighthawk because of the abilities you get for the little mana you pay.

Carnival Hellsteed I found to be a useful finisher in the prerelease, although it's a fairly high cost if you're playing aggro.

Cheap pump spells like Deviant Glee and Dynacharge help push extra damage through. I found Dynacharge really useful in the prerelease, due to overload.

Cheap burn also works really effectively to removal early threats and to allow your small creatures through. Pillar of Flame and Annihilating Fire have the bonus of being able to exile your opponents creatures if they die, which stops any graveyard interactions.

As long as you don't mind sacrifice your creatures  Fling is also worth a look especially with unleash and cheap pump spells.