Rakeback Bonuses
Whether you are on a winning streak or facing a losing streak, rakeback bonuses offer real value at online gambling sites.
Let’s explore the best rakeback bonuses available at crypto gambling sites, what a rakeback bonus is, how to obtain one, their benefits, and a list of platforms where you can take advantage of this bonus.
What is Rakeback?
Rakeback is a term that originates from the word “rake,” which refers to the fee taken by casinos or poker rooms from each pot or game to cover their operating costs. Essentially, rakeback is a rebate or refund of this fee given back to the player.
It returns a percentage of the rake you pay while playing, allowing you to earn additional rewards without affecting your overall winnings or losses.
Example of Rakeback at an Online Poker Room
In a $10+$1 buy-in tournament, $10 goes to the prize pool, and $1 is the rake. Suppose you’ve played in multiple $10+$1 tournaments and accumulated a total rake contribution of $100. With a rakeback bonus of 25%, you’ll receive a portion of your rakeback. Depending on the poker room’s policy, rakeback could be given daily, weekly, or monthly. In this case, you would receive $25 as rakeback, which is 25% of your total $100 rake contribution.
For Example of Rakeback at an Online Casino
In online casinos, the term “rake” refers to the portion of the total wagered amount that the casino takes as a fee, typically for games like poker. The percentage of the rake generally varies depending on the house edge of the casino games, and it usually ranges from 2% to 10%.
For example, if you wager a total of $100 in a game with a 10% house edge, the casino would collect $10 as rake. If you have a 25% rakeback deal, you would receive $2.50 back from the casino.
Ways of Obtaining Rakeback
Understanding how to obtain rakeback is crucial for maximizing its benefits. Here’s a breakdown of common ways to receive rakeback:
Flat Rate
This method provides a fixed percentage of your rake back. For example, if you have a 20% rakeback bonus, you would get $20 for every $100 you wager. This option is ideal for casual players who prefer straightforward rewards. CoinPoker provides this type of rakeback option.
Tiered System
In a tiered system, the more you wager over a specific period, the higher the percentage of rakeback you can earn.
This approach is particularly beneficial for high-rollers and regular players who are willing to increase their playtime to achieve greater rewards. Roobet is an example of a platform that offers this type of system.
VIP or Loyalty Programs
Some platforms include rakeback as part of their VIP or loyalty programs. By reaching certain levels or milestones, you can earn hierarchical percentages of rakeback based on your gameplay. This is especially advantageous for high-stakes players who frequently engage with the platform.
BitSler is a notable example of an online gambling site offering such a program.
How Does Rakeback Benefit Players?
Knowing what rakeback is and how to get it is important. It’s also essential to understand the benefits it provides and how to make the most of this bonus.
Increased Earnings
For skilled players who frequently win, rakeback provides an additional source of income. Not only do you benefit from your winnings, but you also receive extra rewards from rakeback. This means you can enjoy additional earnings without incurring extra risk.
Recover from Losses
Even the best players can experience losing streaks. Rakeback offers a way to recover some of these losses, giving you a chance to bounce back and improve your odds of winning again. It acts as a cushion during challenging times, helping you maintain a more balanced gambling experience.
Enhances Other Bonuses
Rakeback works well with other promotional bonuses. Rather than competing with each other, it complements and enhances the value of other bonuses, leveling up the overall gambling experience.
Drives Player Improvement
Rakeback can motivate you to advance in your gambling journey. Starting with low-stakes games helps minimize risks, while moving on to mid-stakes and high-stakes games as you gain experience can lead to higher rakeback rewards. This progression encourages you to spend more time and effort improving your skills and strategies.
Gambling Sites Offering Rakeback Bonuses
If you’re already familiar with rakeback bonuses and are looking to take advantage of them, here’s a list of platforms where you can claim these bonuses.
In addition to direct offers from online casinos, rakeback can also be obtained through third-party affiliates. For example, Rakeback.com is one such affiliate that provides rakeback deals for various gambling sites.
A Quick Rakeback Recap
Incorporating rakeback bonuses into your online gambling strategy can significantly enhance your overall experience. Rakeback gives you a percentage of the fees you pay back, increasing your earnings without altering your winnings or losses.
Available through various casinos and gambling sites, it can come as a flat rate, be based on your wagers, or be part of VIP programs. Rakeback helps you recover losses, boosts your rewards, and works seamlessly with other bonuses.
Explore the platforms mentioned above to start benefiting from rakeback and take your gambling experience to the next level.