This guide offers a quick introduction to rakeback promos and how they work at sweepstakes casinos. This isn’t the most popular kind of social casino promo, but it can build up a passive Sweeps Coin balance like no other.
Some of the leading sites like Stake.us and new favorites such as CoinsBack offer rakeback bonuses, but you’ll want to know exactly how this promo works before you dive in. Hence, we’ve put together this snappy guide. Below, we’ll also compare rakeback with the more popular coinback promos and highlight top tips to help you maximize the bonus.
Sweepstakes Casino Highlight of the Month
18+, T&Cs apply
Understanding Rakeback at Sweepstakes Casinos
Rakeback originated in the poker scene but has migrated to sweepstakes casinos where it ties in with the house edge. Basically, rakeback offers a percentage of the house edge on games you played as a bonus, where house edge is the portion of your Gold Coins (GC) and Sweeps Coins (SC) play that goes to the social casino regardless of whether you win or lose.
For context, the Le Bandit slot by Hacksaw Gaming has a 96.34% RTP (return to player). The remaining 3.66% is the house edge that always belongs to the social casino. This means for every 10 SC you play, the sweeps brand keeps 0.366 SC. Suppose the site offers a 5% rakeback bonus; you’ll get 5% of 0.366 SC returned to you in bonuses.
It’s a small value, but the point of a rakeback bonus is that it accumulates over time. It usually doesn’t have an end date, so it can stack up to sizable rewards as you play. Examples of sites offering rakeback include Stake.us (3.5% rakeback) and CoinsBack Casino (50% House Edge back).
Differentiating Between Rakeback and Coinback
Rakeback isn’t too common among sweepstakes casinos. Instead, you’ll find more coinback offers. These two promotions aren’t exactly the same. While rakeback focuses on house edge, coinback simply refunds a portion of your GC and SC play. If you use 100 SC to play games, a 10% coinback bonus will return 10 SC. Some sites like CrownCoins Casino offer coinback on failed spins alone, helping you cut down on losses.
Just like rakeback, though, coinback allows you to maximize your Gold and Sweeps Coins and collect passive rewards that you can rely on at a later time.
Our Go-to Sweepstakes Casino
How to Maximize Rakeback Bonuses
The social casino offering rakeback automatically calculates the bonus for you, so all you have to do is keep playing. But there are smart ways to boost your rakeback bonuses too:
Rank Up in VIP Levels
Some rakeback bonuses are VIP-based, and the percentage you get grows the higher your rank. So work towards advancing your VIP rank to enjoy better bonuses.
Play High House Edge Games
Rakeback is tied to the house edge. As a result, playing higher house edge games will boost your bonuses. The trade-off here is that a high house edge means a low RTP, so the gameplay may not be too rewarding.
Understand How Much Rakeback You’re Getting
Although the social casino automatically calculates rakeback and makes the bonus available, it’s helpful for you to know exactly what the terms of the offer are. This way, you can tell if the rakeback bonus is worthwhile.
Conclusion – Stack Up Passive SC Bonus with Rakeback
Not many sweepstakes casinos offer rakeback bonuses, but where available, these promos are a great way to stack up on passive Gold and Sweeps Coins. Typically, they don’t require any sweepstakes promo codes, and you don’t have to make any active effort to claim them. Still, we suggest following the tips we’ve provided above to make the most of rakeback promos.
Where rakeback isn’t available, coinback promos offer similar benefits. You’ll want to play at sites like Stake.us, CoinsBack Casino, and CrownCoins Casino to enjoy these offers. Fortunately, these are some of our top-rated sites, so click through our banners to get started.
Top Sweepstakes Casino to Try Now
18+, T&Cs apply
