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The ultimate guide to rakeback casino bonuses in 2024

Published by Stelly | May 28, 2024

When it comes to casino gameplay, there are plenty of bonuses and promotions you can take advantage of to boost your gameplay.

One of the most recently established promotions is the Rakeback. There are a lot of players who often confuse a Rakeback bonus with a cashback offer.

On this page, we take a closer look at the Rakeback bonus. Taking you through what it is, how it differs from a cashback bonus, the different Rakeback bonuses available, and why you should take advantage of Rakeback bonuses at crypto casinos.

With this expert guide, we’ll help you get familiar with the Rakeback reward offer and how it benefits you.

Rakeback Bonuses
Learn everything you need to know about Rakeback Bonuses and how they work!

What is Rakeback?

The first thing we need to do is get down to the basics. If you’re not familiar with Rakeback bonuses, then this section is especially for you.

A Rakeback is basically money awarded to players by the house. It’s a nice reward system that gives you back an amount of your bets (rake) spent across various games, most commonly poker.

The Rakeback allows you to get back a percentage of your funds that the house took during your gameplay.

In simpler terms, it’s a cashback type of bonus with its own benefits and differences from a cashback, which are discussed later.

How much Rakeback can you get?

The total Rakeback you can get will depend on the crypto casino’s policy and the terms of the offer. If the platform offers a 25% Rakeback on its crypto games and you make a $100 wager, then you could receive a $25 Rakeback bonus.

There are different percentages of Rakeback bonuses offered by the different online crypto casinos. In most cases, Rakeback bonuses range between 5% and 20%. If you’re at a generous online gaming platform you may get offered higher Rakeback bonuses.

With some loyalty programs, your VIP rank may even get you access to 60% Rakeback bonuses. Essentially, it’s an incentive that benefits loyal players.

Rakeback vs Cashback

While Rakeback bonuses might seem quite similar to cashback bonuses, it’s important to understand that these are two entirely different types of promotions. Both award you back a percentage of funds, but the one gives funds back based on your wagers (Rakeback) and the other on your losses (cashback).

If you’re a high roller, then the difference between these promotions may have a big impact on your bankroll.

Let’s say you’re on a winning streak, then cashback bonuses won’t be beneficial. However, if you claim a Rakeback bonus, your game outcome doesn’t influence the offer. You will get back a percentage of the funds wagered whether you win or lose.

Quick summary of the differences between Cashbacks and Rakebacks:

  Rakebacks Cashbacks
What it does Gives the player back a percentage of the game fee. Gives player back a percentage of their losses.
How it's calculated Calculated based on the player’s total commission obtained from gameplay. Calculated based on losses that occurred while playing games during a certain time period.
Game outcome impact The game outcome doesn’t influence the Rakeback Based on the game outcome.
How it’s paid out Real money payout Awarded as bonus funds

History of Rakeback

So, where did the inspiration for Rakeback bonuses come from? In short, they were developed by poker site affiliates. They partnered with online poker rooms to boost new user acquisitions. In return, they received a certain amount of the players' net gross rake (NGR) as commission.

Then, affiliates began sharing some of the commission earned with their references to get more people to sign up through them instead of via other affiliates or parties. These monthly Rakeback deals ensured that affiliates got paid and their references also received some funds.

This innovation was picked up by online gaming platforms, and today, it’s part of the promotional offering at top crypto gaming platforms.

Rakeback pros and cons

Here is a quick overview of the advantages and disadvantages of Rakeback bonuses.

Rakeback bonuses
Pros & Cons

Advantages

  • You earn more from your gameplay
  • Your gameplay cost is reduced
  • Instant access to rewards
  • Passive income potential

Disadvantages

  • It's a higher risk
  • Limited game availability
  • Must play consistently

Types of Rakeback

There are different types of Rakeback bonus offers you can get depending on your gaming platform. Below, we take a look at some of the most popular/common Rakeback offers.

Poker Rakeback

This is probably one of the most common Rakeback offers. It is awarded by poker platforms to regular players.

The Rakeback is calculated based on the rake players generate during their poker gameplay. In this case, the Rakeback refunds the fees charged for playing poker. If it’s a low commission, your fees are lower, and if it’s a high Rakeback it means you get a bigger percentage of the commission.

With the majority of poker platforms you get points for your rake and on entry fees. These points can then be exchanged for other rewards, bonus credits or even cash.

Sports betting Rakeback

Sports betting Rakeback awards a percentage of the amount you wagered on sports. You may also receive Rakebacks on esports betting.

Stake Rakeback

This is a great way to earn passively. With a stake Rakeback, you earn rewards based on your wagers. In the long run, this allows for a more profitable gaming experience.

The percentage of your stake Rakeback differs and grows based on your VIP level with the platform. The higher your VIP level, the bigger your Rakeback percentage will be.

Progressive Rakeback

This type of Rakeback is based on the total hands you play and the amount of rake you pay. With a progressive Rakeback, you earn a percentage of the money you play in poker. If you enjoy playing at multi-tables this is highly beneficial. The wider the range of hands you play, the bigger your Rakeback will be.

Highroller Rakeback

If you’re a serious gamer then this type of Rakeback is ideal. It’s a Rakeback where you can earn a great Rakeback total even if the winnings from the gameplay aren’t that great. Most of the funds you get will be based on your highroller Rakeback rather than the gameplay itself.

This type of Rakeback is not for all bettors, especially not casual bettors. It’s more directed at serious bettors who spend a lot of time and energy on playing for profit.

VIP Rakeback

With VIP or loyalty programs, you can receive points for your game participation. These points can later be converted to claim rewards. With this type of Rakeback, the higher your ranking, the bigger your Rakeback will be.

Promotional Rakeback

With these Rakeback offers, you can get a special rake return while playing certain games for a certain time period. The games, expiry date, and other restrictions will be clearly outlined in the terms and conditions.

How do I get a Rakeback bonus?

Getting a Rakeback bonus from a crypto gaming platform is quite easy. Below is a quick step-by-step guide.

  1. Look for a Rakeback offer – The first thing you need to do is look for a crypto gaming platform from our list of recommendations that offer a good Rakeback bonus.
  2. Register your account – You’ll need to register your account with the platform to be able to play for real money and take advantage of Rakeback bonuses.
  3. Check the terms and conditions – Before opting in, it is important to go through the fine print. This will tell you how much Rakeback you stand to gain and which games you need to play, along with other restrictions.
  4. Grab your bonus – There are platforms that offer rewards automatically, but depending on the crypto casino, you may need to opt into the Rakeback promotion.
  5. Start playing – When you’ve opted in, you can head to the game library to start playing the games that qualify for the Rakeback.
  6. Get your bonus – Most online casinos automatically award your Rakeback based on your bet numbers. Take note that the bonus amount and the payout frequency will not be the same everywhere.

Every casino’s Rakeback promotion works differently, but the basics tend to be similar. The important thing is always to read the terms and conditions of the promotion to make sure you claim it successfuly.

Rakeback terms and conditions

As with any other online gaming promotion, the Rakeback offer will always come with its own terms and conditions. When you’re looking for the best offer, you need to look at the percentage offered as well as the terms and conditions linked to the promotion.

Here are some important terms to look out for:

  • The amount you need to bet in order to be able to claim a Rakeback.
  • The Rakeback percentage awarded as a bonus – this will vary depending on the casino and promotion.
  • The games that qualify for the Rakeback – this can be limited to certain slots, sports or poker games.
  • The payout frequency – in the terms, it wil clearly state how often you can receive a Rakeback. This can be set to daily, weekly or even monthly.
  • The impact of your VIP level – as discussed earlier with some Rakeback offers, your VIP level will impact the Rakeback percentage.
  • The time limits – the terms will state what the time limit is on the offer. This is the time period in which you are required to meet the terms of the offer in order to claim a Rakeback.
  • Limits on withdrawals – With some Rakeback promotions, you will be required to play a set number of games before you’re eligible for a withdrawal.

These are just some of the terms linked to Rakeback promotions. No matter which casino’s offer you choose to claim always read through the terms to be fully prepared for what you stand to gain and what limitations are linked to the offer.

Tips for making the most of your Rakeback

Here are a couple of useful tips to help you get the most out of your Rakeback bonus.

Gameplay frequency

Make sure you play games regularly in order to get more rake. Even if you are making small bets, it will still qualify you for more Rakeback.

Bonus mixing

Keep an eye out for offers that allow you to combine your Rakeback with other promotions, such as free spins or deposit bonuses. This can greatly increase your rewards and boost your gameplay.

VIP levels

One thing you might encounter frequently is Rakeback offers impacted by VIP levels. VIP players get access to a wide range of exclusive benefits, including higher Rakebacks. If you’re at a crypto casino that operates like this, focus on your VIP levels. As you climb the ranks, you’ll unlock higher Rakebacks.

Where to get a Rakeback bonus?

There are plenty of great crypto casino platforms that offer you Rakeback bonuses and promotions. 

At CasinoWow, we always bring you the latest information on the best crypto bonus offers and Rakeback updates.

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