Rakeback Casino Bonus: Win Even When You Lose

Written by:
Mike Fatouros
Fact checked by:
Jon Ridehalgh
Updated:
January 3, 2024

Rakeback Bonus

Online casinos offer tons of different bonuses to attract new players, as well as satisfy their existing customers. One of the most popular casino bonuses among players is the rakeback bonus, where the casino essentially gives you a portion of the house edge for every wager.

Rakeback casino bonus codes are readily available on many online casinos and online poker sites. They are a great way to mitigate your losses or earn even more if you’re on a winning streak. But, just like any other promo, each rakeback casino bonus comes with specific terms and conditions you should know about before you accept the bonus.

That’s why we created this ultimate guide to rakeback casino bonuses to help you learn everything there is to know about this bonus type. Keep reading to find out what rakeback is, how to claim and use your rakeback bonus, and which are the best rakeback casino bonuses to maximize your profits!

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With so many rakeback bonuses available, finding the most profitable ones can be complicated. Still, our team of experts went through all of them and created this list of the best rakeback casino bonus codes. Each provider is completely legal to play at, and using our links and bonus codes will give you the maximum rakeback percentage possible.

What is a Rakeback Casino Bonus?

So, what exactly is rakeback? A rakeback bonus is a percentage of your total rake, which you receive back as bonus cash to use on the platform. The amount of rake in each of your bets is basically the casino’s house edge on a particular game. Therefore, rakeback is the casino (or online poker room) giving you back a small portion of their house edge.

Rakeback Casino Bonus

Let’s look at a simple example to help you understand; let’s assume you’re playing a game with a 10% house edge on a casino that offers 20% rakeback. This means that for every $1 you wager, the casino makes $0.1 and gives you back 20% of that amount, which is $0.02.

Rakeback casino bonus codes are very common in online poker websites, as well as online casinos and crypto casinos. Some bonuses are available for all players, while others require you to be a VIP member to unlock them or give you higher rakeback percentages for being a part of their loyalty program.

In terms of rules and conditions, the main thing to look out for is the eligibility of your preferred game and how much it contributes to your rakeback casino bonus. Rakeback bonuses usually don’t come with any wagering requirements, as it’s already awarded to you based on your wagering. Also, keep an eye out for any minimum deposits or wager amounts to be eligible for the bonus which can vary depending on the platform.

If you want to utilize a rakeback casino bonus, you’ll typically need to follow certain basic steps, including:

  • Signing up for a free online casino account
  • Topping up your account balance
  • Choosing a game that participates in the rakeback casino bonus
  • Wagering your money and claiming your bonus

In general, rakeback casino bonus codes are good value because you don’t need to lose any money to get them. Instead, you may be on a winning streak and still earn rakeback, which increases your profits even more. Or, if you’re losing, a rakeback bonus will help reduce your losses slightly.

Rakeback Casino Bonus Types

Different online casinos or poker rooms will have slightly different variations of rakeback, but most of them fall under the following two broad categories.

Standard Percentage Rakeback Casino Bonus

Most online poker sites and some online casinos will offer players a fixed rakeback percentage, based on the house edge they earn on each game. This rakeback percentage is usually around 5-10% for casinos and up to 50% or more for poker rooms.

Some of these rakeback casino bonuses are given to you instantly whenever you place your wagers. However, the most common payout frequency is on a daily, weekly, or monthly basis.

Variable Percentage Rakeback Casino Bonus

Rakeback Casino Percentage

As the name suggests, a variable percentage rakeback bonus will change how much you earn based on different conditions. The most common way online casinos and poker websites implement this is through a leveling system.

The more you play certain games, the more points or experience you earn, which increases your rakeback level and percentage. You can start from 5% and go all the way up to 20% or even more. Some poker rooms even have up to 60% rakeback for the highest-level players.

Another way that variable rakeback is implemented is through your VIP level. In some casinos, if you join their VIP program and raise your VIP level, you can enjoy additional perks, including higher rakeback rewards.

Rakeback casino bonuses with variable percentages are often credited to your account on a weekly and monthly basis to allow you to increase your level. Sometimes, your level may even decrease slightly at the end of the week or month to incentivize you to play more.

How to Redeem a Rakeback Casino Bonus

Claim Rakeback Bonus

To redeem a rakeback casino bonus deal, you only need to follow a few steps:

  1. Choose your preferred online casino with the best rakeback bonus from our list of operators. Don’t forget to read through the terms and conditions and ensure you understand them.
  2. Click our link to visit the casino’s website and then click the “Sign Up” button. Fill in your personal information and any promo code you may need to activate the rakeback bonus. Depending on which platform you choose, you might be required to verify your account with a picture of an official piece of identification.
  3. Find the cashier tab to deposit funds into your account. Remember to also utilize any additional bonuses the casino may offer for new players. Pick your preferred payment method and the amount you want to deposit, and complete the transaction.
  4. Once your account is topped up, choose your preferred game and make sure it contributes to your rakeback bonus before you start playing.
  5. After you’re done playing for the day, you’ll be able to claim your daily rakeback from your account under the “Rakeback” tab. Alternatively, you’ll automatically receive your rakeback funds at the end of the week or month.

Rakeback Casino Promo Codes

Sometimes, to claim your rakeback casino bonus, you may need to use certain promo codes. You’ll usually need to input them in the “Promo Code” field when you sign up or even after you’ve activated your account.

These promo codes allow websites to partner up with casinos and online poker rooms and offer players the best possible deals. Some platforms may only allow you to redeem your rakeback bonus if you’ve used a specific promo code, while others will just give you a larger rakeback percentage.

On our website, we’ve gathered the best rakeback casino promo codes to help you secure a top rakeback deal. All you need to do is click the link on our banner of your favorite operator, fill in the necessary promo code, and you’ll be able to claim your rakeback once you’re done playing.

Rakeback Casino Bonus Rules & Restrictions

Rakeeback Casino Bonus

Each onlIne casino or poker room will come with its own rules and regulations regarding rakeback bonuses. But there are some general terms and conditions you should be aware of that apply to all platforms:

  • Game Eligibility – Not all games will be available to earn rakeback, so make sure to read through the list of eligible games and ensure you play on the right ones.
  • Rakeback Percentage – Each platform will offer rakebacks at various percentages that may be constant or variable based on the house edge for each game. Also, different casinos will calculate their rakeback with different algorithms.
  • Minimum Rake – In most casinos and poker rooms, you’ll need to complete a minimum rake before you’re eligible for your rakeback, which is similar to wagering requirements for other types of bonuses.
  • Payout Frequency – Some online providers may opt to give you your rakeback instantly on every bet, while others maintain a different payment schedule. You may be given your rakeback casino bonus on a daily, weekly, or monthly basis, depending on the casino’s rules.
  • Withdrawal Restrictions – Just like most bonuses, there may be certain restrictions when it comes to withdrawing your rakeback bonus. Some platforms may implement a minimum or maximum withdrawal amount, while others may not allow you to withdraw your money outright but rather use it for further gameplay only. Minor wagering requirements of 1 – 5x might also apply to this bonus.
  • Expiration Date – Finally, make sure to check out any potential expiration dates on your rakeback bonus and ensure you claim it before it expires. In some casinos, you may only have up to 24 hours to redeem your rakeback casino bonus before it’s gone.

How to Find the Best Rakeback Casino Bonuses

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If you’re looking for the best rakeback casino bonus code, we suggest checking out our list, as we’ve ensured to only include top platforms for all types of players. If you want to choose your own provider, make sure you pick a legal and safe platform with top-notch security measures, as you don’t want your account getting compromised by any breaches.

Also, make sure to carefully read all the terms and conditions for each casino rakeback bonus, as every platform has its own alterations. Learn everything you can about the basics of the promo, such as the available casino games or poker variants, how much rakeback each one gives out, and how often you can claim it.

Then, it’s all a matter of picking a platform that has all the games you want to play and comes with a hefty rakeback percentage on them, as well as favorable rules and restrictions. Also, any additional perks that come with participating in the rakeback promo, such as premium customer support, entries into tournaments, or other VIP perks, are always welcome.

Best Way to use a Rakeback Casino Bonus

Claim Daily Rakeback

After you claim your rakeback casino bonus code, you’ll need to put it to good use. Here are a few ways you can utilize to make the most of your rakeback bonus:

  • Improve Your Bankroll Management – Having access to a steady source of additional funds is key when it comes to your bankroll management. If you’re a serious casino player, you can rely on rakeback to lower the house edge of your favorite games, which will help you manage your bankroll even better in the long term.
  • Try out new games – A rakeback casino bonus is an excellent opportunity to try new casino games you haven’t played before without risking any of your own money. This can help you learn the rules and familiarize yourself with the basic strategies of each game before committing your real money to it.
  • Continue playing when you run out of funds – There will definitely be some bad days when you play casino games consistently, and you may run out of money altogether. At these moments, a daily rakeback bonus will allow you to play a few additional rounds of your preferred casino game, with the chance to win big and recuperate your losses.

Is Rakeback a Good Casino Bonus?

With so many casino bonuses and promotions available, a question that often comes up is whether a rakeback casino bonus is good and for what type of players. In general, since rakeback bonuses don’t come with many rules and restrictions, they can be a great complementary bonus for both new and existing players regardless of their bankroll.

Rakeback bonuses are also handy for high rollers, who consistently wager large amounts of money. For these players, rakeback can be a substantial amount, which they can use to increase their chances of a big win. In fact, professional poker players (and cash game players in particular) rely on large rakeback deals on poker rooms to supplement their monthly income.

However, rakeback is not always the best casino bonus, especially for new players who don’t want to invest large sums of money. For them, promos like no deposit bonuses and free spins are better alternatives to playing casino games without risking their money.

✅Pros❌Cons
Increases your profits if you’re winningRequires you to deposit and wager money
Allows you to play more if you’re losingOnly available in certain casinos
Ideal for professional poker players and high rollers who wager large sums of moneyStandard rakeback percentages are usually low
Rakeback promos often come with additional perks

Are Rakeback and Cashback the same?

VIP Lossback Bonus

The terms rakeback and cashback are often used interchangeably but have a key distinction that makes them very different. As we’ve already mentioned, rakeback is the amount of money you receive based on a percentage of the house edge on each casino game. This means that, regardless of whether you win or lose each round, you still get your rakeback.

On the other hand, cashback (also known as lossback) is another common casino promo that gives you back a percentage of your net losses. Therefore, to qualify for a cashback bonus, you’ll need to have lost a specific amount of money playing on the casino platform.

Casinos will offer you cashback percentages of 10-20% and up to 50% on some platforms, which are way larger than rakeback bonuses, and they usually come with no game restrictions. Still, the purpose of cashback promos is to mitigate your losses and get a few more chances to win.

Also, keep in mind that some casinos will only give cashback to their VIP members, whereas other providers run a cashback promo once every week or even every day.

Similar Casino Bonuses

All in all, rakeback casino bonuses are a good option for most players, as you can easily earn them even if you’re a winning player, and they come with very few restrictions. But you’ll need to deposit and risk your own money, and their percentages are not always the best.

Still, if you’re a high roller or frequent casino player, you’ll definitely appreciate the added funds you get for just wagering your money. And, if you sign up with one of the casinos on our list using our links, you’re guaranteed to get the best rakeback casino bonus codes out there.

If you want to learn more about other similar casino bonuses, here are some of the most common ones you’ll find:

FAQs

What is a rakeback bonus?

Rakeback is a unique bonus type you can find in several casinos and most poker rooms, where the player earns back a percentage of the money they wager on each bet. This is essentially a way for the casino to pay back its loyal customers and players.

How does rakeback work?

Every casino game has a house edge, which means a portion of each of your bets goes directly to the casino itself. With rakeback, the casino pays you back a small percentage of the house edge as a reward to keep playing.

Do casinos have rakeback?

Most online casinos will offer players a rakeback bonus. If you look through our list, you’ll find the best rakeback casino bonuses from safe and legal platforms for you to enjoy.

What is the difference between rakeback and cashback?

With rakeback, you get a percentage of the money you wager, whereas cashback gives you back a portion of the money you lose. This means you can also earn rakeback while winning, but cashback requires you to lose to claim it.

What are the benefits of rakeback?

In general, through rakeback, you’re basically playing casino games with a lower house edge, which can be very helpful in your bankroll management. Additionally, if you’re running on a bad losing streak, rakeback will give you more chances to score a big win.

How do I claim rakeback?

To claim your rakeback, you’ll first need to register with an online casino and top up your account. Don’t forget to use our links and promo codes to earn the best rakeback deals possible. Then, you’ll need to wager the minimum amount necessary and redeem your rakeback from your account tab.

What is instant rakeback?

Some platforms offer instant rakeback on every wager, which means you’re just betting with a smaller house advantage. However, most online casinos will provide you with daily, weekly, or monthly cashback instead.

Mike has been reviewing, testing, and playing at sweepstakes casinos since they first appeared in the US. He is the person to follow and consult on everything sweepstakes casinos, from how to play, legal issues, and games analysis to making the most of each platform’s bonuses. If a new sweepstakes casino or sweeps coins bonus appears in the market, Mike will be the first to tell you about it.

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