Topic: Rollbit.com | Crypto&#039;s Most Rewarding Casino 👑 - page 307. (Read 72453 times)

Quote from: bitterguy28 on May 10, 2021, 05:50:35 AM

-snip-

I always thought got 1-1,5% from the total of my wagering, I don't use calculation from house edge ~LOL. In total 10,000$ my wagering always got 10-15$ in same on every casino so always use this calculation. Grin

Honestly I'm really curious of the nature how casinos are calculating the rakeback for example, 10% of the wager amount. Before, I always thought that it is what it is, like if I wager a total of $100, I will get 10% cashback, amounting of $10 usd. But it really seems that is not the case. That's why I'm confused.

First you need to differ between rakeback and cashback because both are different thing and should have different calculation as well.
Rakeback, as pointed out by roycilik previously, it is usually based on the House Edge of the game you play.
I have never seen any casinos offers rakeback based on the wagered amount only (without house edge).
Simple calculation you may use: Your wager*rakeback percentage*house edge.
The most used sentence to inform about rakeback is something like "you'll receive 10% of the edge"
The higher your wager + the higher the house edge means the higher amount of rakeback you may get.

ryzaadit

legendary

Activity: 2688

Merit: 1262

-snip-

Sorry wrong calculation hahaha.

I register under link @roycilik, you can ask him how much he got from referral earning from my account and @bitnity also know how much he got from referral earning. The highest wagering of my bet is 25,000-35,000$.

Sometimes is going crazy while there has some momentum.

Eureka_07

sr. member

Activity: 1764

Merit: 260

Quote from: ryzaadit on May 10, 2021, 05:42:31 AM

Quote from: Strongkored on May 09, 2021, 01:05:09 AM

-snip-

I always thought got 1-1,5% from the total of my wagering, I don't use calculation from house edge ~LOL. In total 10,000$ my wagering always got 10-15$ in same on every casino so always use this calculation. Grin

Honestly I'm really curious of the nature how casinos are calculating the rakeback for example, 10% of the wager amount. Before, I always thought that it is what it is, like if I wager a total of $100, I will get 10% cashback, amounting of $10 usd. But it really seems that is not the case. That's why I'm confused.

aysg76

legendary

Activity: 1974

Merit: 2124

Quote from: ryzaadit on May 10, 2021, 05:42:31 AM

I am too late either, I was seeing the announcement on Twitter about 1-2 hours ago however, I found the code "trezoreth1559" and got the maximum reached. Seems, the Rollbit has the silent reader, when seeing the comment, only a few people post.

Only 100 claims available, Rollbit twitter followed by 33K people so of course it will run out very quickly, and every giveaway will definitely be very much in demand, including on twitter. I even found out from your post because I haven't check Twitter for 2 days.

It's like getting Netflix login credentials free of cost and people are always looking for such opportunities.Same is the case with casino coupon codes and when they share such information on social platforms there 33k followers are ready to took advantage of this and redeem them immediately.If this code is limited to 100 then surely it's hard to get it applied on time.Set up some twitter bots to update you about tweets from Rollbit casino to cash in coupons beforehand in future.

bitterguy28

full member

Activity: 2268

Merit: 182

-snip-

I always thought got 1-1,5% from the total of my wagering, I don't use calculation from house edge ~LOL. In total 10,000$ my wagering always got 10-15$ in same on every casino so always use this calculation. Grin

1-1.5% of 10,000$ is 100-150$ mate , now i see why you did not get the calculation correctly Grin

(JOKE)

but you are a big time gambler to wager 10,000$ in every gambling site that you played? as i was seeing you in almost every ANN thread here in gambling section.

_______________________________

Goodluck then mate.

ryzaadit

legendary

Activity: 2688

Merit: 1262

Quote from: Bitinity on May 10, 2021, 04:58:15 AM

-snip-

I always thought got 1-1,5% from the total of my wagering, I don't use calculation from house edge ~LOL. In total 10,000$ my wagering always got 10-15$ in same on every casino so always use this calculation. Grin

Yaunfitda

hero member

Activity: 2870

Merit: 594

I mean Rakeback, I read something note like Earn 10% commission from every single bet you place.. I calculate 10% of wager, if so when $1000 wagering the user can get $100 Rakeback, this is just my opinion, correct me if wrong.

The Rakeback calculation isn't like that Roll Eyes

Rakeback calculations based on HE, not base on the total of bet.
For example: if you bet $1000 on a game with 3% HE, then you will get a $3 Rakeback (10% of $30)

Imagine if the rakeback is based on the bet amount like what blue Snow think about it. It will be a charity casino imho Grin

and rollbit would have been bankrupted already. I understand it because newbies in gambling industry may have the same thought as blue Snow. A good lesson learned so newbies wont get it wrong then try to make money by betting as much as possible for the rakeback because they misunderstand how the rakeback works.

True, when I was starting my online journey, I totally don't understand what rakeback is, until I myself computed the amount of money I deposited and the rakeback that I've been getting.

So it's a good lessons for me back then, trying to play as much money as possible because of the potential rakeback, "the more you bet, the more you will receive in rakeback" attitude.

Bitinity

legendary

Activity: 3066

Merit: 1312

I mean Rakeback, I read something note like Earn 10% commission from every single bet you place.. I calculate 10% of wager, if so when $1000 wagering the user can get $100 Rakeback, this is just my opinion, correct me if wrong.

The Rakeback calculation isn't like that Roll Eyes

Rakeback calculations based on HE, not base on the total of bet.
For example: if you bet $1000 on a game with 3% HE, then you will get a $3 Rakeback (10% of $30)

Imagine if the rakeback is based on the bet amount like what blue Snow think about it. It will be a charity casino imho Grin

and rollbit would have been bankrupted already. I understand it because newbies in gambling industry may have the same thought as blue Snow. A good lesson learned so newbies wont get it wrong then try to make money by betting as much as possible for the rakeback because they misunderstand how the rakeback works.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

I mean Rakeback, I read something note like Earn 10% commission from every single bet you place.. I calculate 10% of wager, if so when $1000 wagering the user can get $100 Rakeback, this is just my opinion, correct me if wrong.

Because roycilik has answered this question, you can read this https://blog.rollbit.com/house-edge-and-rtp-explained/ to find out how much HE of the game he plays, because HE is different in each game, after that you will be able to find out how much rakeback he gets from every bet he makes.

roycilik

legendary

Activity: 2646

Merit: 1994

1% Skill 99% Luck :v

Quote from: Strongkored on May 09, 2021, 01:05:09 AM

I mean Rakeback, I read something note like Earn 10% commission from every single bet you place.. I calculate 10% of wager, if so when $1000 wagering the user can get $100 Rakeback, this is just my opinion, correct me if wrong.

The Rakeback calculation isn't like that Roll Eyes

Rakeback calculations based on HE, not base on the total of bet.
For example: if you bet $1000 on a game with 3% HE, then you will get a $3 Rakeback (10% of $30)

blue Snow

legendary

Activity: 1526

Merit: 1032

Up to 300% + 200 FS deposit bonuses

I haven't check Twitter for 2 days.

Twitter only showing the information, Rollbit gives away promo code by guessing it on the blog, the user has to read the article before finding the code.

Quote from: Bitinity on May 09, 2021, 04:01:02 AM

How much reward he gets when wagered $1000?.

What reward you are talking about? Rakeback or something else? Afaik there is no specific reward for wagering $1,000 only except rakeback since the leveling up reward is starting from $10k (bronze 1) to get the reward. I have claimed 2x leveling rewards so far (bronze 1 and 2), the amount is nice to be honest. I got around $50 for bronze 1 and $25 for bronze 2.

I mean Rakeback, I read something note like Earn 10% commission from every single bet you place.. I calculate 10% of wager, if so when $1000 wagering the user can get $100 Rakeback, this is just my opinion, correct me if wrong.

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: Strongkored on May 09, 2021, 01:05:09 AM

How much reward he gets when wagered $1000?.

What reward you are talking about? Rakeback or something else? Afaik there is no specific reward for wagering $1,000 only except rakeback since the leveling up reward is starting from $10k (bronze 1) to get the reward. I have claimed 2x leveling rewards so far (bronze 1 and 2), the amount is nice to be honest. I got around $50 for bronze 1 and $25 for bronze 2.

Kakmakr

legendary

Activity: 3542

Merit: 1966

Leading Crypto Sports Betting & Casino Platform

I am too late either, I was seeing the announcement on Twitter about 1-2 hours ago however, I found the code "trezoreth1559" and got the maximum reached. Seems, the Rollbit has the silent reader, when seeing the comment, only a few people post.

Only 100 claims available, Rollbit twitter followed by 33K people so of course it will run out very quickly, and every giveaway will definitely be very much in demand, including on twitter. I even found out from your post because I haven't check Twitter for 2 days.

Yea, that is the standard with many of these giveaways... the casino give way too little of them ..for the amount of people that are subscribed for the site.

At least these are done on Twitter and not on live Stream Twitch sessions, where the people with the fastest bandwidth, get all the giveaways and the people with lag get nothing. Tongue

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform