How does the Daily Rakeback work on Playabets?

Short Answer: The Playabets Daily Rakeback gives you a percentage of the house edge back on your eligible wagers as real, withdrawable cash. It is calculated daily based on settled real-money bets from the previous day and is paid into your Cash Wallet with no wagering requirements.

You must be at least a Gold tier member to qualify for this benefit.

1. The Calculation Formula

According to the Playabets promotion terms, every eligible wager is calculated using the formula: Wagered Amount x Applicable House Edge x Your Tier Rakeback %. The House Edge used depends on the product. For example, Sports has a 5% house edge, Slots has 3%, and Live Dealer has 2%. The Rakeback percentage and House Edge applied are those in effect at the time each qualifying wager is placed.

2. Eligibility and Payout Rules

Rakeback is calculated on all eligible settled wagers from the previous calendar day (00:00 to 23:59). Cancelled, voided, refunded, or unsettled wagers do not qualify. Once calculated, Rakeback is credited once per day for you to claim. You must claim it within 24 hours or it will expire automatically. Once claimed, it is paid into your Cash Wallet as withdrawable cash with no wagering or rollover requirements. Bonus Bets, Bonus Funds, and Free Spins do not count towards Rakeback.