Rakeback at online casinos is a popular bonus promotion and a favorite perk for South Korean players. online casinos that are famous for rakeback are stakes casinos, but recently, other casinos have been offering it as well.
- what is rakeback?
- can you make money with rakeback?
- which online casinos are recommended for rakeback?
on this page, we’ll explain rakeback in detail. Rakeback is more versatile than other bonuses, and the more consistent high rollers you are, the higher your rebate will be, so be sure to check it out!
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what is Rakeback at Online Casinos?
rakeback at an online casino is a system where the casino gives back to the player a portion of the fees (rake) that the casino takes when you play at the casino.
this encourages players to play longer, and allows them to keep wagering with a smaller bankroll.
rake is a fee on the casino side
rake is known in casino parlance as a fee, and is also known as the house edge, which is the share that the casino takes.
rake (house edge) exists in online casinos as well as in brick-and-mortar casinos, and casinos avoid a 100% return rate and set a rake of a few percent on average to ensure that they make a profit.
rake is tied to the return to player (RTP) of a casino game
the amount of rakeback will be explained in more detail below, but it’s basically a percentage of the amount of the house edge – the higher the RTP of a casino game, the lower the rake, which is the casino’s share, so the amount of rakeback will inevitably be lower.
for slots with a relatively low return to player, the rakeback amount is also higher, but less stable compared to table games. Nevertheless, table games or live games with easy systematic betting strategies are more favorable for earning rakeback.
▶︎Which slots offer payout percentage and RTP?
rakeback in casino games is also relevant for poker
rakeback is described on this page as an online casino bonus, but if you’re a poker player or have experience in land-based casinos, you may recognize rake as a fee associated with poker.
when it comes to poker, it’s often referred to as “rake” instead of “rakeback,” which is different from rakeback as an online casino bonus, so we’ll explain that for your reference.
rake in poker is a fee paid by the player
among casino games, poker is a popular table game, and it’s a game that’s gaining traction in online casinos as well as in brick-and-mortar casinos. In poker, there’s a system called rake, which is a fee paid by the player, the participant in the game, so to speak.
rake is also known as a commission, as it is in the nature of a venue fee or a fee required to participate in poker, and the following types of rake apply to Texas Hold’em poker and other games.
- deal Rake (the rake taken from every player in the game)
- actual rake (the rake paid by the winner of the game)
- pot rake (a rake of 2.5-10% of the pot)
in some cases, all players who bet have to pay the rake, and in other cases, depending on the type of poker, only the winning player pays.
why Poker Has Rakes|Because It’s a Player vs. Player Game
it may seem strange to pay a fee to participate in a casino game, but there’s a reason why rake is necessary in poker. because a typical casino game is structured so that either the casino operator (the game provider) or the player wins, the payout rate is adjusted to benefit the casino operator.
poker, however, is played as a battle between players, with the players winning or losing, so the casino operator doesn’t make any money unless they take a rake from the players. Poker does have rakeback, but the rake is essentially collected as a fee for the operation.
poker also has rakeback
rakeback in online casinos is a bonus that is given back to the player, and rake in poker is similarly a system that gives a portion of the rake back to the player. if it’s an online casino, it’s given back as bonus money, just like any other casino game.
in land-based casinos, it can also be in the form of chips or even a meal. it’s up to the player’s preference, but basically, it’s more satisfying to see your bankroll build up as bonus money or chips.
how Rakeback Works and How It’s Calculated
rakeback is a promotion that gives back a portion of the commission (rake) that the casino takes from you, hence the name rakeback.
the amount of rakeback can be calculated as a percentage of the rake (house edge) set per casino game and a rakeback percentage set per casino site.
what does rakeback percentage mean?
the rakeback percentage refers to the percentage of the rake that the casino returns to the player.
for example, a rakeback percentage of 30% means that the casino will return 30% of the rake paid by the player, which is quite high and is the highest of Bitsler‘s VIP tiers, but in most cases, rakeback percentages of 5-10% are common.
rakeback calculation example
for example, let’s say a player wagers $1,000 on a casino game with a house edge of 3%. If the online casino where this player is registered has a rakeback percentage of 10%, the rakeback amount can be calculated as follows
1,000 (total bet) × 3% (house edge) × 10% (rakeback percentage) = $3 (rakeback amount)
the rakeback amount itself may seem small, but there’s a silver lining: you’re guaranteed to earn it by stacking your bet total, whether you win or lose.
as such, it’s not uncommon for high rollers to earn over $1,000 a day in rakeback alone.
rakebacks and rebates are similar types of bonuses
many players will also be familiar with rebates, a bonus promotion commonly found at online casinos.
basically, rakebacks and rebates are the same kind of bonus: a bonus that is paid out as a percentage of your total wager. you can learn more about them in our list of the best online casinos with rebate bonuses.
the difference is the way the bonus amount is calculated: while rakeback is calculated as total wager × house edge percentage × rakeback percentage as described above, rebate is calculated as total wager × rebate percentage.
recommended online casinos where you can get rakeback
stake casinos are the most popular online casinos where you can get rakeback, but there are many more. we recommend newer brands that have entered the Korean market, as many have introduced rakeback programs.
personally, I would recommend that new players try out the high-stakes casino first. enter the bonus code[OCGUIDE10] to start receiving rakeback as soon as you register as a new player.
once you’ve gotten the hang of it, you can also try BC GAME or Bitsler if you want promotions for high rollers.
*this information is correct as of April 2023, and it is possible that rakeback percentages may change or rakeback itself may be eliminated in the future. we recommend checking with each casino’s customer support for the most up-to-date information.
how to Get Rakeback at Online Casinos and What to Look Out for
rakeback is an easy bonus to redeem, but there are many online casinos where you can’t get it unless you claim it, so here’s what you need to know.
the rakeback claiming process
the process for claiming rakeback varies depending on the online casino, but basically, you claim it from the menu after logging in.
some casinos will automatically credit your account, while others will require you to apply for it yourself. Be sure to check each casino’s method of earning rakeback before registering.
- for Stakes Casino: Claim rakeback from the VIP menu
- For BC GAME: Claim from the Rakeback menu
- For Bitslur: Claim from the Rakeback menu
what to expect when earning rakeback
here are some things to keep in mind when earning rakeback
- the deadline (depending on the online casino, there will be a deadline for earning rakeback.)
- claiming requirements (this also depends on the online casino, but you may have to reach a certain VIP status to receive it)
- withdrawal requirements (many rakebacks have no wagering requirements by default, but it’s worth checking just in case)
Raising your VIP status is the most common requirement, but when it comes to high-stakes casinos, you can get rakeback as soon as you register through Winner’s Bets on this site, so be sure to take advantage of that.
▼Casino Bonus Withdrawal Wagering Requirements: How to Meet Them!
advantages and Disadvantages of Online Casino Rakeback
rakeback is basically a bonus promotion that is highly beneficial and valuable. however, some players may find them less beneficial than others, and there are also disadvantages.
advantages of rakeback schemes
with rakeback, the more you increase your wager total, the more you get back.
- it reduces the cost of playing if you play for the long term.
- you can also get a certain amount back in the event of a loss, which helps to mitigate your losses.
- there are no wagering requirements and withdrawals can be made at the same time as wagering.
rakeback is very easy to withdraw because there are basically no wagering requirements (withdrawal conditions), and even if there are, they are paid out in double amounts, just like cash.
online casino beginners often take advantage of no-deposit bonuses and free spins, but they often come with wagering requirements that prevent them from withdrawing them, so they tend to prioritize ease of use and prefer rakeback.
disadvantages of rakeback schemes
unless you’re a high roller, you can’t expect to get a huge bonus from rakeback. As we’ve shown you in our calculation methodology, even if you wager $1,000, the rakeback you’ll actually receive is often only a few dollars.
- the games eligible for rakeback may be limited.
- the return rate isn’t very high, so you’ll only get a very small amount of money if you don’t increase your wager total.
- casino games with low rake (house edge) percentages don’t pay much.
you’ll need to wager at least $10,000 in total to benefit from the rakeback. if you want to take advantage of more bonuses at once, we recommend no deposit bonuses at online casinos.
▶︎ how to play casino for free
strategies for playing with online casino rakeback
it’s also worth knowing how to bet at online casinos with rakeback in mind. different casino games earn rakeback at different rates, so checking the house edge is a must.
tips for getting the most out of rakeback
to get the most out of rakeback, you should keep the following points in mind
- high rakeback rates
- ease of earning rakeback (VIP status requirements to earn it)
- high house edge percentage
rakeback is a trade-off between earning conditions and rate of return, with no-stakes casinos offering a low 5% rakeback rate, while Bitsler offers up to 30%, but only after you’ve earned a VIP level up to Gold.
choosing casino games based on the house edge with rakeback in mind
since the amount of rakeback is proportional to the house edge, you want to favor models with a high house edge percentage. slots tend to have the highest, with house edge percentages ranging from 3 to 4%.
for example, the popular slot model Rise of Olympus100 has a house edge of 4%, which can be found on each game screen in BC GAME and can be identified by the scale mark (or help icon) in the bottom right corner of the screen.
BC GAME has a maximum rakeback rate of 15%, so the calculation shows that if you play on this game with a house edge of 4%, you will earn a rakeback of 4%×15% = 0.6%of your total wager.
on the other hand, dice, which has a higher rakeback rate and can reliably increase your total bet, has a house edge of 1%, as captured below. compared to slots, the rakeback amount is small, around a quarter.
however, at BC GAME, no games are eligible for rakeback, so you have a lot of choice. even in live games, games with high house edge rates include Crazy Time and Monopoly.
- crazy Time: 4
- monopoly Live: 4
- lightning Roulette: 3
- lightning Baccarat: 1%
- one Blackjack: 1%
baccarat and blackjackhave low house edges due to the high return to player, but once you get to 1% or so, the efficiency drops off considerably, so prioritizing the house edge even if you’re not good at the game may be a realistic decision.
check out▶️for our favorite live baccarat games and casino sites!
the Difference Between Online Casino Rakeback and VIP Programs
online casino rakebacks are often confused with VIP programs. The general idea of a promotion is that a rakeback offer is part of a VIP program.
features of rakeback
rakeback is characterized by the following features
- a portion of the rake paid by the player is returned.
- a certain VIP status is required to earn it.
- depending on the online casino, the higher the VIP status, the higher the rakeback percentage.
Different VIP levels have different rakeback conditions, so it’s basically advantageous to aim for a higher VIP level.
Features of VIP programs
on the other hand, the VIP program has the following characteristics
- vIP status is determined by the player’s betting total and deposit amount.
- the benefits include rakeback, rebates, level-up bonuses, and more.
- in some online casinos, VIP status is by invitation only.
increasing your rakeback means increasing your wagering total, which inevitably leads to an increase in your VIP status and access to benefits and more.
if you’re a high roller, you’ll not only get rakeback, but also big level-up bonuses and money bonuses.
▼Online Casino VIP Programs|Casino VIP Membership Conditions & Benefits
what are the best online casino bonuses besides rakeback?
rakeback is an attractive bonus, but unless you’ re a high roller who bets big, the bonus amount is small, so it’s better to take advantage of other bonus offers than rakeback, depending on your preferences, such as if you want to get a big bonus at once and play intensively for a short period of time.
we recommend deposit bonuses for high stakes bonus promotions
when it comes to bonuses at online casinos, deposit bonusesare a particularly popular welcome offer. these are bonuses that are paid out based on the amount of money you deposit, and virtual currency casino sites in particular tend to offer high-dollar bonuses.
a good deposit bonus is a 200% bonus up to $2,000 in stakes, which we recommend because it has a high bonus multiplier, no expiration date, and a high RTP, which means you’re more likely to be able to withdraw your money if you play consistently on high-stakes casino games.
stakes Casino also has a good selection of bonuses for VIPs, including rakeback, as mentioned above, and the welcome offer deposit bonus is only available to those who register through this site, so be sure to take advantage of it.
if you’re worried about the risk of losing money on casino games, we recommend using cashback
cashback bonuses at online casinos are a great way to get some of your losses back. the Bons Casino family of casino sites focuses heavily on cashback bonuses, and as you move up the VIP ranks, you’ll get better terms and conditions, including wagering requirements and bonus frequency.
deposit bonuses are also popular, but if you don’t meet the wagering requirements, you’ll end up with nothing, and in terms of convenience, cashback is almost as good as rakeback, and since it’s more valuable, it’s better to choose a casino site that offers cashback bonuses that are easy for beginners to take advantage of.
also check out online casinos that are highly rated for their promotions
different online casinos have different promotions, so it’s a good idea to compare several on-casino sites, but we recommend 1XBET because of its worldwide recognition and bank wire as a deposit and withdrawal method, making it easy for beginners to get started.
as 1XBET’s promotions pageexplains, there’s a lot more to it than just the deposit bonus and free spins in the welcome offer, including the chance to earn a hefty cashback reward when you move up to VIP status.
go to ▶️1XBET for more details !
take advantage of online casino rakeback
rakeback promotions at online casinos can be a great benefit for players who play for the long term.
make the most of them by choosing online casinos with high rakeback percentages and targeted games with good house edge conditions.
however, it’s not just about rakeback, but also about safety and ease of use, so if you want to compare, check, and choose carefully, check out our top 15 best online casinos.
online Casino Rakeback FAQs
we’ve compiled a list of frequently asked questions about online casino rakeback that you should know the answers to.
Q: Which online casinos offer rakeback?
A: Some online casinos do not offer rakeback, so check the official site or promotions page of each casino to find out.
Q: how can I get rakeback?
A: It depends on the online casino, but the general rule of thumb is to apply each time you play.
Q: what is the rakeback rate?
A: It depends on the online casino and the target game, but it’s usually set within a range of 5% to 30%.
Q: are online casinos with rakeback schemes safe?
A: Online casinos with rakeback offers still need to be verified for reliability and safety. the online casinos featured on this page have official gaming licenses from foreign governments, so you can be sure they’re safe, but for other sites, it’s a good idea to check their licensing information and the operator’s track record.
Q: can I get other bonus offers besides rakeback?
A: Yes, many online casinos offer welcome bonuses, cashback bonuses, VIP programs, and more in addition to rakeback.