Rakebit

Rakebit Bonus Offers

You’ll come across two sports offers at Rakebit. This online bookmaker also provides additional incentives through its VIP club. Below this segment, we'll thoroughly describe the featured promos and scheme.

Rakebit Welcome Bonus

Rakebit greets all new customers with a 50% welcome bonus of up to $100. This reward comes as a free bet that you must use on minimum odds of 1.70. But, it also requires a first deposit of $20 or more. Plus, you must meet the 8x wagering requirements within 10 days.

Rakebit Free Bets

At Rakebit, you’ll find two sports promotions that give out free bets. The first one is the Tuesday Reload Bonus. It functions as a reload offer that you can claim once every Tuesday.

This offer rewards a 50% free bet of up to $100, but it does require a minimum deposit of $20. Once you get the bonus credits, you should meet the 8x wagering requirements. Also, remember that the minimum odds for the free bet are 1.70 and the promo expires in one day.

The second promo is the Friday Mega Bonus. This one provides a 25% free bet of up to $150. But, you can only apply for it once every Friday with a deposit of $50 or more. It has the same wagering requirements of 8x and a validation period of just one day. Plus, you have to use the free bet with a minimum odds of 1.70.

Rakebit VIP/Loyalty Program

The VIP Club at Rakebit features a total of 21 levels. Every newly registered bettor starts from tier one even before making a deposit. The first 20 levels appear in 4 groups, each offering better benefits than the previous one. Here’s how the VIP system works on this platform:

• Gummy Bear: VIP Levels 1-5
• High Roller: VIP Levels 6-10
• Diamond Hands: VIP Levels 11-15
• Legendary Beast: VIP Levels 16-20
• Rakebit Whale: VIP Level 21

To get to another VIP level, you must collect a certain amount of points. You’ll do that just by placing bets on your favourite sports. But, you can also get RakePoints from playing mini-games, completing missions, and spinning a bonus wheel.

The operator also allows its VIP members to use the RakePoints in its “Store”. Among the other VIP privileges you get are instant rakeback, daily cashback, increased max cashback, level-up bonus, personal account manager, and higher limits.

Rakebit Sports

Rakebit has a diverse list of available sports that come with various categories and leagues. There is even an option to separate traditional sports and Esports. In the first section, you’ll find popular categories like football, tennis, basketball, ice hockey, darts, etc.

But, you’ll also come across a “Specials” category that holds non-sport-related events like the Grammy and Oscars. At this stage, we’ll focus only on covering only the top 3 sports at Rakebit.

Football

Rakebit offers football events from numerous countries. Here, you’ll find matches from top competitions like the English Premier League, UEFA Champions League, UEFA Europa League, Spanish LaLiga, Italian Serie A, and more. But, you’ll also discover fixtures from lower football divisions.

At Rakebit, you’re free to place outrights on the biggest club and country football tournaments. The operator also includes a wide selection of markets on top matches. Some of them even come with player props and the popular Bet Builder feature. On less attractive events, you’ll use only the main wagering options.

Tennis

If you’re into tennis betting, then you should know that Rakebit offers events from many countries. This includes tournaments from the ATP, WTA, and ITF tours as well as the World Tennis League, Czech Extraliga, and more. The four Grand Slams are by far the most popular competitions.

This online bookmaker made sure to allow placing outrights on such big tennis tournaments. It also offers popular match betting markets such as match winner, first set winner, game handicap, player total games, etc. You can even find extra options on certain events such as the exact number of sets.

Basketball

The basketball category at Rakebit holds a large list of competitions from all around the world. Here, you’ll come across events from top leagues such as the NBA, Euroleague, NCAA, WNBA, German BBL, French Pro A, Australian NBL, Spanish Liga ACB, and more.

Rakebit allows placing outright bets only on the biggest basketball tournaments. As for individual matches, you get to pick from various markets including player props, totals, handicaps, quarters, halves, etc. Plus, some basketball events may also come with the Bet Builder option.

Rakebit Betting Markets

The number and variety of betting markets at Rakebit depend on the sport and match. For instance, football and basketball have more wagering options than snooker and cycling. Also, top events have more markets than less popular matches. Below we'll mention and describe only the most used betting options at Rakebit:

• 1x2: A bet type that lets you wager on the event’s outcome. For instance, in football, you can bet on the home team winning, a draw, or the away side getting the victory.
• Total: This option allows you to gamble on the total number of match goals. You get to decide whether to use over or under a certain amount. For example, the event ends with over 2.5 total goals.
• Double Chance: A somewhat safer betting market as it supports wagering on two out of three match outcomes. That can be the home team not losing, the away team winning or drawing, or either club getting the victory.
• Both Teams to Score: This is another simple wagering option where you gamble on both sides scoring at least one goal. But, you can also bet on them not getting the ball in the net.
• Handicap: With this market, you wager on a team starting the match with a positive or negative score. For example, the team you’re backing to begin an event with two goals down.

In-Play Betting & Live Betting

To place in-play bets at Rakebit, you must first access the “Live” category from the “Sports” section. You'll find the featured button in the top left corner, just below the sportsbook’s logo. Once you access it, you’ll instantly notice the available in-play sports and matches.

Here, you’ll also notice certain events that come without any betting markets. This occurs when the operator has no information on those fixtures. The bookmaker will also come to certain wagering options if the matches are near their end.

Rakebit Odds

After comparing Rakebit’s odds with the ones offered by top online sportsbooks, the result indicated little to no differences in this parameter. There were only a couple of betting markets that had uneven odds. But, there weren’t any drastic odds differences worth mentioning.

Rakebit Live Streaming

Live streaming is a special Rakebit service available only on selected in-play matches. But, it’s still present in events from top sports like football, basketball, Esports, ice hockey, tennis, table tennis, etc.

Every match that has such an option will feature a “Play” logo next to match time. After clicking on it, you'll instantly notice the live stream on the right side of the screen.

Rakebit Mobile App

You won’t find a Rakebit betting app for Android and iOS smartphones. But, you’ll come across a mobile-friendly website that utilises the latest HTML5 technology.

This allows you to enter the platform and start wagering on any device, regardless of the OS. Additionally, you can add the sportsbook's website on your home screen for much quicker access.

Rakebit’s mobile version comes with the same features and services as the desktop bookmaker. To use them, all you need is a smartphone and stable internet access.

Rakebit Payment Methods

Rakebit is an online betting platform that only accepts cryptocurrencies as deposit and withdrawal methods. The available crypto coins you can use for these transactions are the following:

• Tether
• Bitcoin
• Ethereum
• XRP
• Tron
• Litecoin
• Bitcoin Cash
• Binance Coin
• Toncoin
• Solana
• Dogecoin
• USD Coin
• SUI
• CORE

Each cryptocurrency has its own deposit and withdrawal limits. As such, using Tether allows topping your account with at least $2-$3. On the other hand, this token supports a minimum cash out of $10.

As for the maximum limits, this operator doesn’t feature an upper limit on deposit transactions. But, there are certain limitations on the amounts you withdraw. They vary from one VIP level to another.

Additionally, all crypto deposits and withdrawals are instant. However, the operator may take up to a few days to approve your cash-out request. It might also include extra fees on certain methods or countries.

Is Rakebit Safe?

Rakebit is a safe online betting platform that utilises the latest 128-bit SSL encryption software. With this advanced technology in place, you shouldn’t worry about someone stealing your personal and banking details. It’s a top security software that encrypts everything you reveal on the website.

The fact that you can only deposit and withdraw via cryptocurrencies provides additional internet security. This is due to the blockchain technology that all of these crypto coins use for conducting transactions.

At Rakebit, you can also activate a two-factor authentication, which prevents unauthorised access. The operator even has a session update feature that you can use to minimise gambling addiction and harm.

Rakebit Gaming Licence

Rakebit is a legitimate online sportsbook owned and operated by TECH GROUP BL LIMITADA. It works with a valid betting licence issued by the government of Costa Rica. This is technically an offshore permit that allows the operator to offer its services to many countries that legalise online betting.

Despite beginning a licenced and regulated sportsbook, we still advise you to read its T&Cs before applying. There you'll learn how the platform operates and discover its rules.

Rakebit Review Conclusion

Rakebit is a decent online bookmaker that can satisfy many different types of bettors. It has a user-friendly website design and offers a variety of sports and markets to choose from. You’ll also get handy features like live streams, cash out, Bet Builder, and combo boosts.

There is even a generous VIP Club, two free bet offers, and plenty of cryptocurrencies to choose from. But, there aren't any fiat payment methods or any additional bonuses. Plus, the operator doesn’t include a FAQ section on its platform.

Apart from these minor setbacks, we do believe Rakebit can provide what many bettors are looking for. If you do decide to join this sportsbook, make sure to gamble responsibly at all times.