RakeBit Review 2024 – Casino + Sportsbook, and 300 Free Spins

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1. RakeBit Casino Review

RakeBit offers a mix of bonuses that cover both casino games and sports betting, with low minimum deposits that won’t make your wallet cry. The withdrawal limits are pretty relaxed too, which is a nice change of pace. 

But of course, not everything’s rosy. The high deposit requirements for bonuses and the fact that it only holds a Costa Rican gaming license—a license that’s not exactly the gold standard—are things you can’t ignore.

So, is RakeBit worth your time and crypto? Stick around as I break down the good, the bad, and everything in between, giving you the full lowdown on whether this casino deserves a spot in your rotation.

2. Bonuses

RakeBit Casino kicks things off with a Welcome Free Spins offer followed by a FreeBet Bonus, a Tuesday Reload Bonus, and a Friday Mega Bonus. 

Here’s what you can expect:

Welcome Free Spins Bonus – Standard

• Offer: Up to 200 Free Spins on Gates of Olympus (Pragmatic Play)
• Wagering Requirements: 35x on whatever you win from those spins
• Minimum Deposit: 100 USDT gets you 100 spins, 200 USDT for 150 spins, or go big with 300 USDT for the full 200 spins
• Max Win: 10x your initial bonus amount
• Max Bet: 10% of the bonus amount
• Playthrough Time: 10 days to meet the wagering requirements

Now, this is a decent way to get your foot in the door at RakeBit, especially if you’re a fan of spins. But here’s the thing—you’ll find way better Welcome bonuses at other crypto casinos. 

Most places throw in a % match on your deposit along with the free spins, giving you way more bang for your buck. So, while RakeBit’s offer isn’t bad, it’s not exactly top-tier either. 

So, if you’re all about maximising value, you might want to keep that in mind before you jump in.

RakeBit Casino Welcome Bonus

50% FreeBet Bonus

RakeBit Casino does however have a Welcome FreeBet offer that’s worth a look:

• Offer: 50% FreeBet up to 100 USDT
• Wagering Requirements: None, but minimum odds of 1.7 apply
• Minimum Deposit: 100 USDT
• Max Win: Based on the FreeBet value multiplied by the odds, minus the FreeBet value
• Max Bet: Can’t be split; the FreeBet is used as a single bet
• Playthrough Time: 10 days

This FreeBet is a solid way to kick off your sports betting journey, giving you a bit of extra firepower right out of the gate. The catch? You’ll need to meet the minimum odds requirement, and don’t expect this bonus to stretch across multiple bets—it’s a one-shot deal.

RakeBit Casino FreeBet Bonus

Tuesday Reload Bonus

There is also a Tuesday Reload Bonus—a two-for-one deal that’s perfect for both bettors and casino players:

• Offer: 50% FreeBet up to 100 USDT and up to 200 Free Spins on Sugar Rush
• Wagering Requirements: 35x for Free Spins
• Minimum Deposit: 50 USDT for 50 spins, 100 USDT for 100 spins, or 300 USDT for 200 spins
• Max Win: Based on the FreeBet value multiplied by the odds, minus the FreeBet value
• Max Bet: 50% FreeBet with minimum odds of 1.7
• Playthrough Time: 1 day to use the bonus

This bonus gives you a solid boost whether you’re looking to place a few bets or spin the reels. But, you only get to choose one, so pick wisely. The FreeBet comes with no wagering requirements, but the Free Spins have a 35x playthrough, which might take a bit of effort to clear. 

RakeBit Casino Tuesday Reload Bonus

Friday Mega Bonus

And last but not least, you’ll also find a Friday Mega Bonus—the perfect way to roll into the weekend with a little extra in your pocket:

• Offer: 25% FreeBet up to 100 USDT and up to 300 Free Spins on Sweet Bonanza
• Wagering Requirements: 35x for Free Spins
• Minimum Deposit: 100 USDT for 100 spins, 200 USDT for 200 spins, or 300 USDT for 300 spins
• Max Win: Based on the FreeBet value multiplied by the odds, minus the FreeBet value
• Max Bet: 25% FreeBet with minimum odds of 1.7
• Playthrough Time: 1 day to use the bonus

RakeBit Casino Friday Bonus

Missions and Gamification

One of the highlights at RakeBit is their point-based Missions Hub. It’s refreshing to see a casino embrace gamification, and RakeBit does it well. 

Completing missions earns you points, which you can use to boost your position on the leaderboard, access the casino store, and unlock bonus games like the Gummy Wheel.

The RakeBit Store

The Gummy Wheel is a neat feature where you can spin for various rewards. Over at the store, you can cash in your points for free spins, more Gummy Wheel spins, and other goodies. 

It’s a setup similar to what you’ll find at other crypto casinos like BC.Game and BetFury, and it adds a fun layer of engagement to your gaming experience.

The RakeBit Gummy Wheel

Gamification like this is still a rare gem in traditional fiat casinos, but it’s quickly becoming the standard in the crypto casino world. That’s one of the big reasons why crypto casinos, like RakeBit, often deliver a more thrilling and rewarding experience compared to their fiat-based rivals.

RakeBit VIP Club

If you’re serious about your gaming, the RakeBit VIP Club is where you want to be. From the moment you sign up, you’re in the game, but the real rewards come as you level up through the ranks.

Levels & Rewards

RakeBit’s VIP program is split into five tiers, each packed with perks:

• • • Gummy Bear (Levels 1–5): Up to 5% rakeback, 5% daily cashback, and a 43 USDT level-up bonus.
    • High Roller (Levels 6–10): Rakeback and cashback jump to 10%, with a level-up bonus of 375 USDT.
    • Diamond Hands (Levels 11–15): 15% rakeback, 15% cashback, and a solid 1,525 USDT level-up bonus.
    • Legendary Beast (Levels 16–20): Up to 20% rakeback, 20% cashback, and a hefty 37,500 USDT in level-up bonuses.
    • RakeBit Whale (Level 21+): The top tier with 25% rakeback, 25% cashback, no cap on cashback, and exclusive perks.

As you climb the VIP ladder, the rewards get sweeter—more cashback, bigger bonuses, and access to a personal VIP manager. 

The grind is real, but so are the rewards. Just keep in mind that sports betting doesn’t count, and live casino bets contribute only 0.1% to your progress.

So, here’s the deal—how do you actually reach those elusive VIP levels? Honestly, your guess is as good as mine. 

The only info I could dig up was: “There are several ways to receive an invitation to the Rakebit VIP Club,” and even customer support was in the dark with the following answer to my question: 

‘’Dear player, first of all, you need to become more active in our casino. The more activity, deposits and bets you make, the more likely you are to move up the levels. Thus, in the future you will become a representative of the VIP club.’’

So, while the VIP club sounds cool in theory, finding solid info on how to actually level up? Yeah, that’s still a mystery.

RakeBit VIP Club

3. Signup and Deposits

Signing up was pretty straightforward, just the usual—email, password, and you’re good to go. Nothing too fancy or complicated, which I appreciate. The whole process took me less than a minute, and I was in.

Next up was the deposit. RakeBit sticks to its crypto-only guns, so don’t expect any fiat options here. I went with USDT, and the minimum deposit was a reasonable 3 USDT. The deposit process was smooth—no fees, and the funds hit my account almost instantly. 

One thing I liked was how quickly I was able to get started. If you’re used to the speed of crypto transactions, you’ll feel right at home.

However, it’s worth mentioning that if you’re a fan of traditional payment methods, you’re out of luck. 

RakeBit is all about that crypto life, so if you’re not already set up with a crypto wallet, you’ll need to get that sorted first. 

Also, keep an eye on those minimum deposit requirements if you want to claim any of the bonuses—because once you change your mind and cancel a bonus, it’s gone forever.

But, overall, the signup and deposit experience was hassle-free and quick. It’s definitely geared towards those who are already comfortable navigating the crypto space. 

If you’re new to crypto, there might be a bit of a learning curve, but nothing too overwhelming.

4. Available Games

RakeBit brings a solid game library to the table, with over 7,000 titles, including 24 provably fair RakeBit originals. 

Rakebit Originals

You’ll find all the popular game genres here:

• Slots
• Crash
• Mini Games
• Roulette
• Dice
• Craps
• Keno
• Poker
• Blackjack
• Baccarat

The games are backed by a decent lineup of 40+ software providers. Big names like Hacksaw, NetEnt, Pragmatic Play, and Spribe are all in the mix. 

However, it’s not all perfect—some of my favorites like Yggdrasil, BetSoft, and BGaming didn’t make the cut.

But let’s not get hung up on what’s missing. There’s plenty to dive into, so let’s play some games:

Beast Below by Hacksaw Gaming

So, I dove into Beast Below by Hacksaw Gaming, and let me tell you, this game doesn’t mess around. 

The atmosphere pulls you in right from the start—it’s dark, eerie, and there’s a constant sense of something lurking just out of sight. The whole game feels like you’re on a deep-sea treasure hunt, with a massive beast guarding the goods at the bottom. It’s the kind of slot that sticks with you long after you’ve finished playing.

In the base game, the Expanding Siren Wilds are the main attraction. They don’t just stand in for other symbols; they also come with multipliers that can go up to x200. When these wilds hit, they expand to the top of the reel, which can lead to some pretty solid payouts. 

I’ll admit, the first time I saw one of those wilds expand, it gave me a bit of a jolt—those siren calls are seriously creepy.

Beast Below by Hacksaw Gaming

Bonus Rounds

The real action, though, is in the bonus rounds. The Siren’s Call bonus round ramps things up with even more frequent Expanding Siren Wilds. You also get a special Pink Siren Wild that shrinks upwards with each spin, carrying a multiplier that can also reach up to x200. It’s a cool feature, but getting those higher multipliers is a bit hit or miss.

Then there’s the Down Below bonus round, which is where things get really interesting. Here, you’ve got Diver Wilds that expand to cover the full reel, again with multipliers up to x200. These wilds move around with each spin, and they’ve got three “oxygen charges” before they disappear. It adds a nice layer of strategy, trying to make the most of those wilds before they’re gone.

One thing I appreciated is the variety in how you can trigger the bonus features, especially if you’re playing in a region where the Buy Bonus option is available. The multipliers are generous, and the 10,000x potential is nothing to sneeze at, though you’ll need a lot of luck to hit that.

Beast Below by Hacksaw Gaming

Overall, Beast Below is an atmospheric slot that’s well worth a spin if you’re into high-volatility games with a unique theme. 

It’s got some familiar mechanics if you’ve played other Hacksaw games, but the execution here is top-notch. Just be ready for a few chills along the way—those sirens don’t play around.

Gargantoonz by Play’n GO

If you’re a fan of the Reactoonz series, Gargantoonz by Play’n GO is probably already on your radar. This game sticks to the formula that made the series popular—quirky alien creatures, chaotic gameplay, and a lot of fun features packed into a 7×7 Cluster Pays grid. 

I dove into it with some high expectations, and I’ve got to say, it didn’t disappoint.

The first thing that hits you is the sheer chaos on the screen. With symbols cascading down and clusters forming left and right, it can get a bit overwhelming at first. But once you get the hang of it, the game’s rhythm starts to make sense. The Cascades keep things moving, and it’s satisfying to watch as new symbols drop in, potentially chaining together more wins.

One of the highlights for me was the Quantum Wilds. These wilds come in different designs and help boost your chances of forming those crucial clusters. Then there’s the Fluctuations feature, which adds a bit of unpredictability. 

Every spin, one of the low-paying symbols is randomly chosen, and if you win with that symbol, you get 1-2 Quantum Wilds added to the board. It’s a nice touch that keeps things interesting.

Gargantoonz by Play’n GO

Another cool feature is the Discharges, which can randomly trigger after a no-win spin. When this happens, you get 4-8 Quantum Wilds added to the board, giving you a second chance to score a win. It’s a bit of a lifesaver when you’re on a dry streak.

The Experiments Special Feature

But the real meat of the game is in the Experiments. These are triggered by filling the Experiment Charger with winning symbols. 

Once you get enough symbols, you can activate one of three Experiments: Gamma Ray Burst, Black Hole, or Supernova. Each one adds wilds to the board in different ways and can really shake things up. The Supernova Experiment was particularly wild—I just sat back and watched as it moved around the board, collecting symbols and charging up the Experiment Charger even more.

If you manage to complete all three Experiments in one go, you’ll trigger the Gargantoonz feature. This is where the big wins can happen, with wilds merging into larger Gargantoon Wilds and multiplying your payouts. It’s chaotic, it’s complex, and honestly, it’s pretty thrilling when everything comes together.

Gargantoonz by Play’n GO

Now, Gargantoonz does come with a few caveats. The RTP can vary depending on where you’re playing, ranging from 84.20% to 96.20%, so it’s worth checking that out before you dive in. The volatility is high, so expect some dry spells, but the 7,000x max win potential makes it worth the risk if you’re up for the challenge.

All in all, Gargantoonz is a solid addition to the toonz series. If you’re into Cluster Pays slots or just enjoy a bit of controlled chaos on the reels, this one’s definitely worth a spin. It’s got that signature Reactoonz charm with a few new twists, and I found myself getting pretty hooked. Just be ready for a wild ride.

Ruff Heist by Play’n GO

Ruff Heist by Play’n GO grabbed my attention right away, and who could blame me? A heist-themed slot where the robbers are dogs? I had to check it out. 

The game’s got a fun, cartoonish vibe with some great animations and a rock-and-roll soundtrack that keeps the energy high. The premise is simple: Badge, T-Bone, and Archie—three canine criminals—are on a mission to collect as much loot as possible, and if you’re lucky, they’ll share some of it with you.

The gameplay itself is pretty straightforward. The slot has a 5×3 grid with 10 fixed paylines, and it’s got some solid features to keep things interesting. The Diamond Cash symbols are the ones you want to look out for—they’re where the big wins can come from, especially if you land the Golden Diamond Cash, which triggers the game’s jackpot. 

Ruff Heist by Play’n GO

The betting range is decent, starting at 0.10 per spin and going up to 50.00, but high rollers might find the max bet a bit limiting.

The Dog Collect feature is where the real fun begins. Each of the dog characters—Badge, T-Bone, and Archie—has a unique ability, and they can only appear on the fifth reel during the base game. Badge collects the Diamond Cash values in view, T-Bone boosts those values before collecting them, and Archie can boost and collect up to five times the Diamond Cash values in view. This feature added a nice layer of excitement, especially when multiple Diamond Cash symbols landed on the reels.

Bonus Round

The bonus round is where things really heat up. You trigger it by landing 3, 4, or 5 Cat scatters, which gives you 10, 15, or 20 free spins, respectively. During the bonus round, all three dogs can land on any reel, but you start with Badge. As you collect more Dog Collector symbols, you’ll upgrade Badge to T-Bone and eventually to Archie, each time getting an extra 10 free spins. 

If you manage to collect 12 Dog Collector symbols, you’ll trigger the Cash Vault feature, where all the accumulated cash gets added to your total winnings. This can lead to some pretty substantial payouts if you’re lucky enough to get that far.

Ruff Heist by Play’n GO

One thing I liked about Ruff Heist is that the bonus features triggered fairly often, which kept things engaging. The game’s RTP is 96.19%, which is solid, but keep in mind that there are versions with lower RTPs out there, so it’s worth checking before you play. The max win is 5,000x your bet, which is respectable for a medium to high volatility slot.

Overall, Ruff Heist is a fun, entertaining slot with a lot of charm. The graphics and animations are top-notch, and the bonus features offer plenty of opportunities for big wins. It’s definitely worth a spin if you’re into themed slots with a bit of personality, just make sure to keep an eye on that RTP before you start playing.

5. RakeBit Sportsbook

RakeBit isn’t just rolling out the red carpet for casino players—they’ve got a pretty solid sports betting setup too. Whether you’re a casual bettor just testing the waters or a seasoned punter looking for your next big score, RakeBit’s got the goods.

Football

Football is where RakeBit really shines. They’ve got a massive selection of betting markets covering everything from the Premier League to La Liga, Serie A, Bundesliga, and Ligue 1. They’ve even got the lesser-known leagues covered, so no matter where your football loyalties lie, you’ll find something to bet on.

Other Major Sports

But hey, it’s not all about football. RakeBit also has your back with other major sports. Basketball, tennis, ice hockey, and the big American leagues like the NFL and MLB are all well-represented. Whether you’re looking to place a bet on the NBA, NHL, or the latest ATP and WTA matchups, you won’t be disappointed.

Esports

And let’s not forget esports. RakeBit knows the gaming scene is booming, so they’ve got a dedicated section just for that. You can put your money on top games like Dota 2, League of Legends, Counter-Strike: Global Offensive, and Overwatch. With multiple tournaments and plenty of betting options, it’s a great spot for anyone looking to get in on the esports action.

In-Play and Live Betting

What really cranks up the excitement is RakeBit’s in-play betting. You can jump in as the action unfolds, placing your bets in real-time across various sports. Live updates on scores and odds keep you on your toes, making sure you’re always in the thick of the action.

RakeBit Sportsbook

Odds

Now, in terms of the odds, as always I compared it to another big league sportsbook – Sportsbet.io – to see how it compares. 

This time on a UEFA Champions League game between Lille OSC and Slavia Prague. And this is what I found:

Sportsbet.io Odds: Lille OSC (1.73), Draw (3.60), and Slavia Prague (5.00)

RakeBit Odds: Lille OSC (1.77), Draw (3.60), and Slavia Prague (4.90)

As you can see, it’s head to head and a very close call!

6. Banking

When it comes to payment options, RakeBit keeps things simple and straightforward, which is exactly what you want in a crypto-first casino. They support payments in 10 different cryptocurrencies, covering all the major players:

• Bitcoin
• Ethereum
• Tether
• Litecoin
• Tron
• Bitcoin Cash
• Solana
• Dogecoin
• Ripple
• Toncoin

While this lineup is solid, it doesn’t quite stack up to the 90+ cryptos you’ll find at a place like BC.Game. And if you’re used to mixing fiat with crypto, you’re out of luck here—RakeBit is strictly crypto-only, with no on-site exchange. So, if you don’t already have crypto, you’ll need to sort that out before you can get in on the action.

Deposits

Let’s talk deposits. RakeBit makes it easy. I deposited USDT on the ERC-20 network, and my funds hit my account in under two minutes. No fuss, no hassle. The minimum deposit limits are low across the board, which is perfect for everyday players:

• Bitcoin: 0.00007 BTC
• Ethereum: 0.0009 ETH
• Tether (ERC-20): 3 USDT
• Tether (TRC-20): 2 USDT
• Litecoin: 0.02 LTC
• Tron: 15 TRX
• Bitcoin Cash: 0.006 BCH
• Solana: 0.05 SOL
• Dogecoin: 10 DOGE
• Ripple: 3 XRP
• Toncoin: 0.7 TON

There’s no maximum deposit limit, so you can go as big as you want.

Withdrawals

Withdrawals are just as smooth. It seems like you don’t have to go through any KYC process, which might be linked to the leniency associated with their Costa Rican license (which is awesome!). But, just remember, you’ll need to play through your initial deposit at least once before you can withdraw—standard AML stuff, nothing unusual.

Here’s what you’re looking at for minimum withdrawals:

• Bitcoin: 0.0002 BTC
• Ethereum: 0.002 ETH
• Tether (all networks): 10 USDT
• Litecoin: 0.003 LTC
• Tron: 5 TRX
• Bitcoin Cash: 0.00006 BCH
• Solana: 0.07 SOL
• Ripple: 0.05 XRP
• Toncoin: 0.7 TON

The minimums are low, making it easy for low-stakes players to cash out. But if you’re a high roller, the maximum withdrawal limits might be a sticking point:

• Daily Limit: 10,847.16 USDT
• Weekly Limit: 32,541.49 USDT
• Monthly Limit: 54,235.82 USDT

And if you happen to score a big win over $50,000, RakeBit reserves the right to pay you in instalments over 30 days. Not exactly what high-rollers want to hear. But again, pretty standard stuff. 

Another thing to note—there’s a clause about changing withdrawal fees without prior notice. I couldn’t pin down exactly what fee this refers to, which is a bit concerning, but this is what it stated: 

‘’We reserve the right to change the withdrawal fee at any time without prior notice.’’

So, RakeBit is a great choice if you’re playing for fun and want low minimum deposits and withdrawals. But if you’re in it for high stakes, the withdrawal limits and those unclear fee clauses might push you to look elsewhere. 

Well, that’s just my thoughts. 

7. Customer Support

When it comes to customer support, RakeBit Casino is a bit of a mixed bag.

They offer 24/7 live chat and email support, which looks good on paper, but in practice, it’s hit or miss. During my review, I reached out to live chat multiple times, and let’s just say it wasn’t always smooth sailing. There were moments when the agents couldn’t answer basic questions—how the VIP program works—and more than once, my queries were completely misunderstood.

That said, I did receive prompt and informative answers when asking about payment limits, so it’s not all bad. But overall, the live chat support wasn’t as reliable as I’d hoped, which is definitely something RakeBit needs to work on.

Adding to the frustration, the casino lacks a basic FAQ page, and navigating the terms and conditions isn’t exactly user-friendly. Again, there’s definitely room for improvement here.

On the plus side, RakeBit is active on several social media channels, including Telegram, YouTube, and X, which adds a bit of accessibility outside the traditional support options.

RakeBit Customer Support

8. Final Thoughts

RakeBit Casino has its moments. It’s a solid crypto casino with over 7,000 games, including some unique RakeBit originals, and it’s got the usual suspects in terms of slots, live casino, and sports betting. The low minimum deposits and withdrawals make it accessible, and the gamification elements like missions add a fun twist that keeps things interesting.

However, the fact that they only hold a Costa Rican gaming license—a license that’s often considered less stringent than others, might be an issue for some and the customer support can be hit or miss, which is frustrating when you need quick answers. The bonuses are decent, but nothing to write home about and there is no concrete info on exactly how the VIP program works. 

I might’ve said RakeBit is worth a try if you’re just dipping your toes into crypto gambling but here’s the catch—they don’t offer a way to buy crypto directly on the site. So, unless you’ve already got a wallet set up, testing the crypto casino waters could be a hassle. 

Here’s my take: RakeBit has some strong points, especially if you’re into crypto-focused gaming with a fun, gamified experience. While it may not have the most prestigious license or the most extensive VIP program, it’s still a solid choice for those looking for a straightforward, crypto-only casino with a growing community.

However, if you’re after a casino with top-notch customer support, clearer terms, and a more widely recognized license, you might want to explore a few other options as well.

10. User reviews

Here is the user rating summary of RakeBit Casino.

How do you like RakeBit Casino? Please share your thoughts below. Or if you like, go here to read more about Bitcoin casino reviews.