We have covered many times in the past how online casinos offer different services to users: games, payments, and gambling support. However, these online platforms have already added a large number of games (mostly repeated games), they support the same crypto assets, and customer support offers a standard service.
So how can online casinos stand up to competitors? There is a way to do it: by offering better and more attractive promos. Users tend to evaluate the most reliable promotions and those that will reward them the most. Rakeback is one of the best options for crypto casinos to stand out, attract, and retain users.
In this guide, we tell you how rakeback works in the crypto industry and how casinos that focus on these rewards have more chances to attract a larger number of users.
🤷 How does rakeback in Crypto gambling work?
When you play at online casinos or sports betting, you should know that the online platform has a house edge included. That means that, in the long term, casinos are expected to win more times than you. This does not mean, however, that you don’t have a chance to win against the casino. Indeed, it is highly possible that you will hit a nice multiplier or win multiple times.
But why is the house edge related to the rakeback? The rakeback is a percent of the house edge that casinos pay back to users. If the house edge is 4% for a particular game, then you will get a small percentage back of it.
Let’s get to a clear example. If you play a game with a 4% house edge, then you will be losing 4% of your funds in the long term. By betting $1,000, in the long term, you will get back $960 in form of winnings. Of these $40 that the casino earned, you can get back a small percentage (for example 10%). Therefore, you will get back $4 with a rakeback of 10%.
Most casinos offer different rakeback rates depending on the games, but it can fluctuate between 1% and 25%. But you can also find casinos with even higher rakeback rates. It is up to you to decide which crypto casino you use based on the rakeback offered by the gambling sites.
☝️ How to improve the rate of your Crypto casino rakeback?
It is also worth pointing out that most casinos have a fixed rate, which means that you will not have better options to get a better rakeback. If the casino offers a 10% rakeback rate, then this rate would likely stay the same, no matter what you do.
In this case, the only thing that you can do is search for a different online casino that would offer you a better rakeback promotion.
Nevertheless, there is still a way for players to get a better rakeback. This will depend on whether the casino makes it possible or not for users to achieve higher rewards. Some casinos that have some type of rakeback promotion in place have also a loyalty program.
The higher the level of this loyalty program, the larger the rakeback rewards that you would get. Therefore, this is one of the best options for you to get a better rakeback rate. To improve your position, you have to bet more money. If the standard (starting) rakeback rate is at 5%, you might get 10% at the highest level.
There is also another way for users to receive a better rakeback rate. This is possible by requesting that directly to a support agent or even the VIP manager. Even if you are not a highroller you can always try this. Nevertheless, it is more possible for players that bet large amounts of money than for standard users. But you don’t lose anything trying.
⏲️ How often is the rakeback being paid?
It is very common for the player to request the rakeback. It can be requested daily, weekly, or even on a monthly basis. It highly depends on how the online casino decided to process the payments.
In addition, it is also possible to find casinos that spread the reward into multiple portions. You might receive some rewards instantly, while others can be requested at the end of the week or the month. It is usually better to get the rakeback as soon as possible so as to use the funds to continue playing other games.
Therefore, the casino will keep track of all your bets and the rake and give you a small portion back. The best thing that you can do is searching for those casinos that will pay the rakeback as soon as possible. In some cases, you will have to balance how often the rakeback is paid and the rate that they are giving you back.
👨💻 What should you ask the casino support about the rakeback?
When an online casino offers promotions and bonuses, they usually come with different requirements and limits that you have to check. For example, one of the things that you can ask is related to the wagering requirements linked to the rakeback.
Wagering requirements are related to how many times you have to wager the received funds before you can withdraw them or use them as real money. In some cases, the wagering requirements might be very high, meaning that there is mathematically no sense to use these funds, as it would cost you more (on average) to clear the wagering requirement than what you have actually received in funds.
You can also request information about how the rakeback is paid. Some casinos decide to pay the rakeback using a different currency than the one you were using to place bets. This is definitely important as you don’t want to receive a rakeback in a currency that would not let you withdraw funds or bet on other games.
You might see that most online casinos pay out in Tether (USDT). Therefore, this could also be a good way for you to understand which coin to deposit beforehand. If this does not influence your decision, then you can go ahead and use your favourite cryptocurrency to place bets.
👍 Best rakeback Crypto casinos
We decided to create a list for you of the best rakeback crypto casinos online.
500 Casino
As we have already mentioned before, 500 Casino is one of the best online crypto casinos in the market. Most of the features of this online casino are extremely good, with a few exemptions.
This online casino is offering a rakeback promotion in which users will receive rakeback for all real money bets. The positive thing about this promotion is that you can claim the rewards at any time you want. That means that you don’t have to wait a week or a month to get the funds in your account.
Additionally, the rakeback rate is also upgraded every 100 levels. Depending on the level you are at, you will get a better rate for your rakeback. 500 Casino is definitely one of the best options for players that want to enjoy a reliable and entertaining rakeback promotion.
Gamdom
Gamdom is a relatively reliable online casino that has great potential to become one of the best gambling sites for crypto players. This platform not only has a good welcome bonus, but it also has a unique rakeback structure that is worth considering when selecting an online crypto casino.
Gamdom is currently offering a rakeback of 15% during the first week of playing at this online casino. Take into consideration that this rakeback is the maximum bonus that Gamdom players receive when they reach the highest loyalty level. Therefore, the offer is very attractive.
It is also worth taking into consideration that funds that you will receive from the rakeback will be credited to your USD wallet. This wallet is different from the one that you use to gamble. Hence, it might be difficult for you to withdraw these funds if you are not a highroller.
Gamdom could improve its rakeback bonus if it would credit the funds to the currency used by the player. In this way, it can be withdrawn in just seconds without having to be worried about the minimum withdrawal limits. That being said, you can use the funds received from the rakeback to play different games. If you are lucky enough, you will be able to withdraw the funds.
Rollbit
Rollbit is a great platform for users that enjoy playing multiple games. The number of titles offered by this casino is huge, which makes it a great option for players. You can also use different digital currencies to play at Rollbit.
Rollbit has a very attractive rakeback structure that is considered to be one of the most rewarding promotions on this platform. You can get your rakeback at any time you want. When it comes to the rate, the casino has established it at 10%, therefore is very attractive.
There are also other promotions that can be combined with the rakeback, which can offer even better rewards to users. For example, you can combine the rakeback with a cashback promotion. In this way, you can easily continue playing with additional funds from both the rakeback and cashback promotions.
Just to put it into perspective, Rollbit will be giving away close to 25% of the house edge back if you claim instant, daily, weekly and monthly rakeback.
Vipgame
Vipgame is a good online casino with an acceptable number of games and with different features for players. One of the things that you should check when playing at this online casino is the rakeback structure.
When you start playing at Vipgame using digital currencies, you will get a rakeback of 2%. Despite the fact that this is not a high rakeback promotion, you can improve your betting level and reach a 10% rakeback on the last level (the 80th).
You can also use a level-up bonus combined with the rakeback promotion. This would be one of the best options if you want to maximize the funds that return to your wallet.
Duelbits
Duelbits is a very reliable cryptocurrency online casino with reasonable fees, lucrative rewards, and a rakeback that is clear and straightforward for users, which is very important.
Duelbits is currently offering a 50% rakeback for newcomers, which is very positive. Nevertheless, it is always very important to check the Terms and Conditions (T&Cs) to see if promotions have changed or if there are limits or restrictions applied to them.
Duelbits is also offering different other promotions on a regular basis, which could work very well with the rakeback rewards. Make sure that you check the latest details about this online casino.
📢 Conclusion
Rakeback is among the best promotions offered by online casinos. This promo is straightforward, reliable, and lets users continue playing for a longer period of time. At the same time, this is a promotion that will reward you even if you make losing bets. Therefore, there is no difference if you had a winning streak or not, you will always get this reward.
Furthermore, rakeback can be combined with other promotions such as cashback or leaderboards, which would be ideal for users that want to maximize the bonuses and rewards received while playing at online casinos. Additionally, you can increase your rate if the casino has a loyalty program in place. This would be a great option for you to have better rewards linked to your rakeback.
You should always check the Terms and Conditions of the casino that you are using, as you will find that there might be some restrictions applied to the rakeback. In the end, the rakeback will play a key role when deciding which online casino to choose. Especially if the games are similar in the casinos that you have shortlisted.