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Rakebit Launches 50-Tier Loyalty Overhaul With 100% Rakeback on First $1,000

The update uses full rakeback as a sign-up hook to fix slow early progress.

Overview

  • Rakebit, which launched the v2 loyalty system Thursday, now returns the full house margin on a player’s first $1,000 wagered.
  • Full rakeback returns the house edge on each bet, so a 96% RTP slot sends the 4% margin back to the player and leaves the casino with zero expected profit during that phase.
  • After Level 9, players lock in 10% base rakeback and start daily cashback that rises from 2% to 25% by the top tiers.
  • The redesign expands the ladder from 20 to 50 tiers to speed early progress and keep high-volume players from capping out too soon.
  • Coverage relies on Rakebit’s stated terms, and CryptoSlate disclosed its article on the launch was a sponsored post.