Rakeback
A reward that gives you back part of the house edge on every bet, whether you won it or lost it.
Rakeback comes from poker, where sites gave players back some of the rake taken from each pot. At crypto casinos, it usually means you get a percentage of the house edge back on every bet, either right away or when you claim it every so often.
Why it's different
Rakeback is based on how much you play, not how much you lose. Good night or bad night, you get it. Most of the time there's no wagering attached, so it's easier to understand than a lot of deposit bonuses. Just remember: you're still expected to lose over time. It only makes that loss smaller.
Real-life example
Say you put 10 000 $ through dice with a 1% house edge over a month. Expected loss: 100 $. With 10% rakeback on the edge, you get 10 $ back, so your expected loss drops to 90 $.
Check before you count on it
- Is the percentage taken from the house edge, or from the total you bet? Those are wildly different.
- Does it change depending on the game?
- Is it paid as real cash, or as a bonus with wagering?