How does my Loyalty Tier affect the Playabets Daily Rakeback percentage?

Short Answer: Your Loyalty Tier directly determines your Playabets Daily Rakeback percentage. The higher your tier, the larger the percentage of the house edge you get back. Gold members earn 2%, Platinum earns 5%, Diamond earns 7.5%, and GOAT members earn a custom 10%.

Bronze and Silver members do not qualify for Daily Rakeback.

1. The Tier Percentages and Caps

According to the Playabets promotion terms, the Rakeback percentage and daily cap are tied to your tier. Gold members receive 2% back, up to a maximum of R1,000 daily. Platinum members receive 5% back, up to R5,000 daily. Diamond members receive 7.5% back, up to R10,000 daily. GOAT members receive 10% back, with a custom daily maximum as agreed with Playabets.

2. How the Calculation Works

The percentage is applied to the house edge of the product you play, not directly to your stake. The formula is: Wagered Amount x Applicable House Edge x Your Tier Rakeback %. For example, a Platinum player wagering R1,000 on Slots (3% house edge) earns R1,000 x 3% x 5% = R1.50. A Gold player making the same bet would earn R1,000 x 3% x 2% = R0.60. Therefore, climbing to a higher tier significantly increases your daily cash returns.