Betsafe Rakeback – How Does It Work & What to Expect?

Author Teodor Todorov

Approved by Rumen Morfov

Updated:

13 September 2024

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Betsafe is an established online betting site that has provided high-quality gaming services since 2006. A member of the BML Group Ltd, Betsafe rakeback bonuses are a substantial part of the company’s bonus experience.

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Teodor Todorov, Betting Expert & Writer for SilentBet

As a player, I was impressed by the rakeback opportunities I could avail at Betsafe. For me, it is an incentive to play more. I’d recommend you read our in-depth casino review if you want to find out more about Betsafe.

What is Rakeback & How Does it Work?

Rakeback is a rebate awarded to players based on the amount they wager while playing poker. The way it works is simple: for every €1 staked in cash games or tournaments, you earn points within Betsafe’s loyalty point program.

As you advance, players earn reward point multipliers that contribute to the reward point value they receive in the form of a cashback bonus. For example, if you are a Gold tier player who earns 3,000 points, your reward point redemption rate will be multiplied by 2. Likewise, if you are an elite-level loyalty member, your redemption rate will be multiplied by 3.

Betsafe RakeBack System Explained

Understanding the Betsafe rakeback system is half the battle. Similar to other loyalty schemes, Betsafe opted for a four-tier loyalty points reward scheme whose primary purpose is to provide cashback incentives to players. To demonstrate how it works, an explanation has been provided below.

• Tier structure and benefits – Every Betsafe player who plays poker at Betsafe qualifies for the company’s rakeback/cashback program. There are four tiers within the program; Bronze, Silver, Gold, and Elite. To advance to different tiers, players must meet the appropriate loyalty point requirement.
• How to earn loyalty points – Betsafe offers several ways for players to earn loyalty points. The first is based on the amount of rake they have generated via cash tables. In addition to rake contribution, players earn 10 points for every €1 in tournament fees.
• Converting loyalty points to cash – Players who wish to convert their loyalty points to cash can do so easily. Simply log in, navigate to the My Account section, and enter the number of points you want to convert.

How to Calculate Your Rakeback?

Betsafe uses a straightforward calculation process to determine the rakeback (cashback) amount each player receives. Essentially, the amount received is based on the following loyalty point requirement calculation scheme:

As you can see from the table above, several factors affect the rakeback percentage. Essentially, the main factor that affects the rakeback percentage are the points you earn and the loyalty level you achieve.

Comparatively speaking, this structure is similar to other poker rooms. For example, the Bovada loyalty point scheme rewards 25 points for every €1 staked, whereas Roobet’s cashback bonuses are determined by the amount you wager every day.

Pros & Cons

How to Maximize Your Rakeback?

Maximizing your rakeback bonus amounts is one of the best ways to get the most out of your Betsafe poker experience. Fortunately, there are some working strategies that when used together with resources can be employed to help with that.

Working Strategies to Climb the Loyalty Tiers Faster

One of the best ways to climb loyalty tiers faster is the implementation of working strategies. To demonstrate how working strategies impact the value gained from loyalty tiers, we have included several our team has tested extensively.

Strategy 1: Wager on cash games

Waging on cash games is one of the best strategies you can use to climb loyalty tiers faster. As you play, you earn 10 points for every €1.00 of rake contribution. In other words, the number of points you earn is determined by how much you play.

Strategy 2: Avoid low-entry tournaments

Try to avoid playing low-entry tournaments. In short, you earn 10 points for every €1.00 in tournament fees. Therefore, if you are playing low-entry tourneys, climbing loyalty tiers is a much slower process.

Strategy 3: Use promotional opportunities to accumulate points

Using promotional opportunities to accumulate points is a great way to advance with the loyalty tier structure. Promotional offers allow you to play more frequently, thereby allowing you to advance to higher tiers more quickly.

Teodor Todorov, Betting Expert & Writer for SilentBet

As a Betsafe Poker customer, I know the best strategy I can use to climb loyalty tiers faster is to play more. That may not be practical for everyone, but it is the most effective strategy you have at your disposal.

Effective game selection

Using an effective game selection strategy is an important part of the loyalty point redemption process. All things considered, you can several games you can choose to play; cash games, sit’n’go’s, and tournaments. In other words, try to play higher-limit games as they increase your rake contribution and subsequently, your point earnings.

Using rakeback calculators

A rakeback calculator is a program that allows you to estimate the amount of rakeback you will earn. Naturally, knowing how much rakeback you will receive is important as it determines how fast you will advance to new levels. Therefore, consider using a rakeback calculator to monitor your rake contribution.

Other Betsafe Poker promotions

The rakeback bonus is just one of the promotions poker players can avail at Betsafe. Naturally, other promotions are offered, several of which we explain below.

• The Betsafe welcome bonus will award players a ticket to the exclusive €100 freeroll when they play their first hand of Poker. In short, to qualify for the Betsafe Poker welcome bonus, minimum deposit requirements must be met.
• Saturdays are Happy Hour days, and at Betsafe, that means players have the opportunity to receive double loyalty points. To take part, players simply opt-in and play Twister games or cash games between 17:00 – 18:59 CEST.
• Twister Races are a great opportunity to complete for your chance to win your share of the weekly €12,500 prize pool. In essence, if you want to participate, simply opt-in, take a seat, and do your best to win one of 250 weekly cash prizes that are up for grabs!

Summary

Everyone at Silentbet who tested the Betsafe rakeback program thought it was an exceptional opportunity for players to earn some free cash. Overall, we were impressed by the simplicity of earning points and equally impressed by the redemption process.

Likewise, we felt the additional opportunities available via Betsafe’s other bonuses amplified the rakeback program’s ability to reward players, regardless they played cash games, Twister games, or tournaments.

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