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Rakeback means you get a percentage of the house edge back whenever you place a bet at a crypto casino. You’ll earn rakeback whether you win or lose, and the rate will often improve as you progress to higher tiers of the VIP program.
That makes it one of thebest casino bonuses available at crypto gambling sites.
We’ll explain how rakeback is calculated and how to claim it. You’ll learn how it compares to cashback and why your rakeback rate often improves over time.
We’ll also highlight some of the best rakeback programs on the market right now.
What Is Rakeback at a Crypto Casino?
Rakeback is a system that returns a percentage of the house edge to you whenever you play online casino games. It’s paid as a percentage on every bet you place, regardless of whether you win or lose.
For example, you might be offered 10% weekly rakeback. That means you’d get 10% of the house edge back on every game you play. Let’s say a game has a 4% house edge. If you get 10% rakeback, that cuts the house edge to 3.6%. For that reason, rakeback improves your expected returns when playing casino games.
The term “rakeback” originated in online poker rooms. They charge a rake, which is a fee for hosting cash games. Their rakeback programs return a percentage of that rake to players. Crypto casinos have adopted it as a way to pay back a share of the house edge.
Some crypto casinos offer simple rakeback programs that aren’t tied to the site’s VIP program. However, rakeback is typically part of theVIP program.
Your rate improves when you level up. For example, you might get 2% rakeback in Level 1, 3% in Level 2, 4% in Level 3, and so on. This is designed to reward loyal customers.
How Rakeback Is Calculated
Rakeback is calculated as a percentage of the house edge on each casino game. Here’s a simple example:
A crypto casino gives you 10% weekly rakeback.
You wager $10,000 on a slot with a 5% house edge.
5% of the $10,000 you wagered is $500.
You get 10% of that $500 back, so you’ll receive $50.
The $50 will be paid into your account the following week. Most crypto casinos will let you withdraw the rakeback right away. There areno wagering requirements, so the rakeback will go straight into your withdrawable balance. However, some sites will impose wagering requirements on the rakeback.
For example, you might need to clear a 3x wagering requirement before withdrawing. If you get $50 with a 3x wagering requirement, you need to wager $150 before it becomes withdrawable.
Rakeback vs. Cashback
Rakeback and cashback sound similar, but they actually refer to different rewards:
Rakeback: A percentage of the house edge is paid back into your account on every bet you place.
Cashback: The crypto casino gives you a percentage of your net losses back.
Rakeback rewards betting volume, rather than deposits or losses. Cashback is different, as it gives you a partial rebate on any net losses you might incur. You won’t get cashback if you win.
For example, let’s say you’re offered 15% weekly cashback. If you lose $100 in a certain week, you’ll get $15 back the following week. However, if you win $100, you won’t receive any cashback.
Some sites pay cashback with zero wagering requirements, but you’ll often need to clear wagering requirements on your cashback before withdrawing.
Types of Rakeback
Rakeback is issued at different intervals by different casinos. Here are the most common types of rakeback:
Instant. Paid into your account immediately after every bet you place.
Hourly. You get rakeback every hour while playing.
Daily. The site gives you rakeback the following day.
Weekly. This is normally paid each Monday.
Monthly. Often paid on the first day of each month.
Most crypto casinos choose one of those intervals. However, some split the rakeback across several intervals. For example, you might get 2% daily rakeback, 3% weekly rakeback, and 5% monthly rakeback.
As mentioned above, some sites offer rakeback as a standalone bonus, but it’s usually tied to the site’s VIP program. You may need to reach a certain level of the program before you start earning rakeback.
Many crypto casinos offer both rakeback and cashback, so you get the best of both worlds.
How to Compare Rakeback Offers
There are some key terms to consider when weighing up the value of rakeback offers:
Percentage: Check how much of the house edge you get back. The best rakeback programs give you at least 5% rakeback, and some go up to 20%.Rollbit stands out by offering up to 70% rakeback.
Eligibility: Consider whether you start earning rakeback immediately or only after wagering a certain amount.
Progression: Does your rakeback rate improve as you move up to higher tiers of the VIP program? If so, how easy is it to advance within the program?
Frequency: Determine whether the rakeback is paid instantly, hourly, daily, weekly, monthly, or a combination.
Game coverage: Assess whether the rakeback applies to all games on the site or if some are excluded.
Wagering requirements: Does the rakeback come with zero wagering requirements, or do you need to play it through? If so, how high are the wagering requirements, and are there any restrictions on the games you can play?
Limits: Most crypto casinos will give you unlimited rakeback, but some sites may impose a cap on how much you can receive, such as $1,000 per day. If you’re a high roller, make sure any limits suit your budget.
How to claim: Some sites will give you rakeback automatically, whereas you need to actively claim your rakeback at other casinos.
Look out for crypto casinos that offer generous rakeback percentages. Ideally, the funds should be paid into your account automatically, with no wagering requirements and no upper limits on how much you can receive.
The rakeback should cover every game, and your rate should improve as you level up within the VIP program. That’s the case at top crypto casinos likeStake andDuelbits.
Is Rakeback Worth It?
Yes, rakeback is worth claiming. You’ll get a percentage of the house edge back, which naturally improves your theoretical returns.
The best sites pay rakeback automatically into your account, but you may need to hit the “Claim” button to unlock it. That’s a quick and easy process, so there’s no reason to avoid claiming rakeback.
Perhaps the only exception is when rakeback comes with extremely high wagering requirements. If the requirements are too high, your chances of withdrawing the funds will be slim, and it might not be worth bothering with.
However, that’s rare, as most rakeback comes with zero wagering requirements or very low requirements.
Just remember that rakeback softens the house edge rather than removing it. Think of it as a discount on your play, not a guaranteed way to rack up profits.
How to Claim Rakeback at a Crypto Casino
It’s easy to claim rakeback at thetop crypto casinos. Just follow these steps:
Choose one of our top-rated casinos and hit the “Go to Site” button.
Open the sign-up form, enter your details, accept the terms, and submit the form.
Make a crypto deposit and opt into the rakeback program if necessary.
Start playing your favorite games for real money. You’ll earn rakeback on each bet.
Receive the rakeback automatically or head to the bonus page to claim it at regular intervals.
If the rakeback has no wagering requirements, you can withdraw it right away. Alternatively, use it to keep playing. If you need to clear wagering requirements, stick to games with high return-to-player (RTP) rates.
Frequently Asked Questions
What does rakeback mean at a crypto casino?
Rakeback at a crypto casino means you get a percentage of the house edge back on every bet you place. For example, the casino might give you 10% rakeback. If you wager $1,000 and the game has a 5% house edge, you’ll get $5 back.
Is rakeback available on every game?
Rakeback is normally available on every game at a crypto casino. It’s paid as a percentage of the house edge, so you’ll typically get more rakeback if you play slots instead of table games like blackjack and baccarat. However, some sites may not offer rakeback on certain games, so check the bonus terms to confirm.
Do I have to wager my rakeback before withdrawing?
You have to wager your rakeback before withdrawing it at certain casinos, but others let you withdraw it right away. Check the bonus terms to find out whether the casino imposes any wagering requirements on your rakeback. Ideally, it should be wager-free or it should come with a modest wagering requirement (5x or less).
How often is rakeback paid out?
Rakeback can be paid instantly, hourly, daily, weekly, or monthly. It depends on the crypto casino you sign up with. Daily rakeback is often available, although weekly rakeback is probably the most common reward at crypto casinos.
Is rakeback the same as cashback?
No, rakeback isn’t the same as cashback. Rakeback means you earn a percentage of the house edge back when you play casino games, regardless of whether you win or lose. Cashback normally means you get a percentage of your net losses back each day, week, or month.
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Martin Green is an experienced writer who has covered online sports betting and casino gaming since 2011. His work has been featured in hundreds of publications, including USA Today, Miami Herald, Detroit Free Press, Kansas City Star, The Independent, and The Sun. He holds a BA in English Literature, an MA in Creative Writing, and postgraduate journalism qualifications. Martin edited trade magazines before becoming a specialist crypto gambling writer. He primarily focuses on in-depth reviews and guides, but he is also a professional soccer handicapper for CBS.
