How is the Playabets Daily Rakeback calculated?

Short Answer: The Playabets Daily Rakeback is calculated using a specific formula: Wagered Amount multiplied by the Applicable House Edge, multiplied by your Tier Rakeback percentage. This means the amount you get back depends on how much you bet, the game you play, and your Loyalty Club status.

Each product has a different house edge, which directly affects the final cash amount you receive.

1. The House Edge by Product

According to the Playabets promotion terms, the House Edge applied in the calculation varies by product. Sports has a 5% house edge, Slots and Crash/Instant Games have 3%, Live Dealer and Tables have 2%, Roulette has 2%, Blackjack has 1.5%, and Baccarat has 1%. The Rakeback percentage and House Edge applied are those in effect at the time each qualifying wager is placed, and only settled real-money wagers qualify.

2. A Worked Example

The terms provide a concrete example to illustrate the math. If a Platinum player wagers R1,000 on Slots, the calculation is R1,000 x 3% x 5% = R1.50. If a Platinum player wagers R1,000 on Sports, the calculation is R1,000 x 5% x 5% = R2.50. This highlights how the house edge of the specific product impacts your final Rakeback, even when the stake and tier are identical. The calculated amount is credited daily as withdrawable cash.