Guides
How Casino Rakeback Works
By the Betmode Team ·
Rakeback is a share of the house edge on each bet, returned to the player whether the bet wins or loses. It is calculated from the amount wagered and the game's RTP, not from losses, and at Betmode it is paid as cash that can be withdrawn without a wagering requirement.
How is rakeback calculated?
Every casino game keeps a small expected share of each bet, the house edge. On a game with a 96% RTP the house edge is 4%. The expected amount the casino keeps from a bet is sometimes called its theoretical value, or theo:
theo = amount wagered × (1 − RTP)
A $100 bet on a 96% RTP slot has a theo of $4. Rakeback returns part of that $4 to the player. The part returned depends on the player's rank. Betmode does not publish its rates; the rule is that the share grows with every rank reached.
How is rakeback different from cashback and a deposit bonus?
| Rakeback | Cashback | Deposit bonus | |
|---|---|---|---|
| Based on | Amount wagered and the game's house edge | Net losses over a period | Size of a deposit |
| Paid when you win | Yes | No | Not applicable |
| Usual condition | Varies by casino | Varies by casino | A wagering requirement before withdrawal |
| When it is paid | Per bet or on a schedule | At the end of the period | When the deposit is made |
Because rakeback follows the house edge, a low-RTP game earns more rakeback per dollar wagered than a high-RTP game, and also costs more to play. Rakeback reduces the house edge; it never reverses it.
How does Betmode pay rakeback?
- Instant rakeback accrues on every settled bet in real time and can be claimed at any time from $0.10. It does not expire.
- Daily, weekly and monthly rewards are paid on a fixed schedule from recent play, and must be claimed within their window.
- Claimed rakeback is cash. It carries no wagering requirement and can be withdrawn.
Details are in How Instant Rakeback Works and Daily, Weekly and Monthly Rewards. The ranks are shown on the VIP rewards page.
FAQ
Do I get rakeback when I win?
Yes. Rakeback is calculated from the amount wagered, so a winning bet earns the same rakeback as a losing bet of the same size on the same game.
Does rakeback make a game profitable?
No. Rakeback returns part of the house edge, so the expected result of a bet is still negative. It lowers the cost of playing; it does not remove it.
Why does the same bet earn different rakeback on different games?
Rakeback follows the house edge. A game with a 99% RTP has a house edge of 1%, so there is less to share back than on a game with a 96% RTP.
Does Betmode publish its rakeback rates?
No. The share rises with rank, and the amount earned on each bet is shown in the rewards menu as it accrues.
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