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VIP Stake.com Bettors Now Get Rakeback on Sports Bets
- Stake customers can now get rakeback on sports bets
- This is an industry first for crypto betting platforms
- Learn how rakeback works, and why it’s one of the best bonuses around
- Not yet a Stake player? See how to join
- What is Sports Rakeback?
- How Does It Work?
- Why Rakeback is a Top Bonus
- How to Get Rakeback at Stake.com
Rakeback is traditionally reserved for casino players; however, it is now also available on all sports bets at Stake.com.
What is Sports Rakeback?
To understand sports betting rakeback at Stake.com, let’s start by explaining what rakeback is. Virtually all gambling games have a house edge; for example, the house edge on European Roulette is 2.70%.
This ‘edge’ is also referred to as the rake. Therefore, rakeback is simply a small percentage of the rake being returned to the player. Previously, Stake.com customers could only earn rakeback from their casino bets, but now, they also get it when betting on sports.
How Does It Work?
Stake has set a default house edge of 3.00% on all sports bets. From that, bettors receive 5.00% of the house edge (3.00%) on settled bets. If you cash out or the wager is voided, you don’t earn any rakeback.
- Example: You wager $100. 3.00% of $100 is $3.00. 5.00% of $3.00 = $0.15 rakeback
It may not be a huge amount but it’s better than nothing, and HugeStakes is all for providing customers with extra value, which is what rakeback bonuses do.
Why Rakeback is a Top Bonus
Rakeback has long been one of my favorite bonuses at Stake.com because it is one of the few bonuses that you receive even when you win.
In the example above, if bet $100 and won, you’d still get the $0.15 rakeback. This is different to cashback bonuses that only give players a refund based on their losses.
How to Get Rakeback at Stake.com
New customers can use our Stake rakeback promo code to activate this bonus when they open an account.
- Go to Stake.com
- Register an account
- Enter the promo code HUGE
- Make a deposit
- Start earning rakeback on your sports bets
In addition to getting 5% rakeback, the HUGE promo code also gets you a 200% matched deposit bonus that’s worth up to $3,000.
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