Since Bitcoin’s rise to prominence in 2017, an increasing number of gaming websites, including casinos, have begun to accept cryptocurrency. People are moving away from fiat currency and are going more towards crypto.
One of the platforms that offer this kind of service is 500 Casino. Recently, they released several improvements to their platform, including a complete rework of their prizes.
What are the rewards?
These modifications were made to improve how farming and rewards have been handled in the past. 500 Casino has removed the Train, Free Spins, and previous daily rewards to introduce something new and more exciting. With this overhaul, the platform also eliminated several issues with the old system, such as:
- Endless farming. Hundreds of people have constructed bots and programs that mine modest sums from the Train 24/7. The returns are not huge, but the difference adds up with time.
- Lack of predictability. Players would level up and claim a specific daily prize every day until the end of time. This might not seem like a big problem in small numbers, but as 500 Casino grew, we required regularity in how users claimed awards.
However, instead of the old games, they brought:
- Rakeback benefits: available starting at level 0 and increasing in value every 100 levels, with the amount growing even more after users reach VIP status. The house edge and RTP of the games played determine the Rakeback. Rakeback is higher in games with a high house edge. Every time a user levels up, a predetermined reward is immediately applied to their Rakeback balance, with a value nearly four times bigger than the daily pay-out they are accustomed to.
- XP rewards: instead of the former Daily Reward, users can now claim an XP Reward twice a day on a defined period. This feature is based on the XP gained in the preceding 7 days before the claim. The larger the pay-out, the more XP gained.
- Predictable VIP rewards: VIPs receive a variety of benefits. Loss back, Weekly Reloads, one-time bonuses, birthday bonuses, and other sporadic awards are all included in the predictable VIP benefits. These have now been separated into their own section to make things more transparent.
How are the rewards calculated?
Even though the formulas are kept hidden, the rewards are calculated as follow:
- The larger the pay-out, the more XP gained. Rakeback and leads are more likely to level up when XP is created, increasing XP and Rakeback generated.
- The games played are important since those with high RTP generate less and those with a low house edge pay-out.
- There would be a penalty imposed on the awards based on how the players play the games. For example, if they find matches with a 99.5% win rate or wager on all colors on the Wheel, a penalty would be applied to the rewards.
- It does not matter if they are profitable or not; the incentives account for being in the negative, and they may earn Loss back.
500 Casino
500 Casino is one of the platforms that has enhanced their games by including cryptocurrency payments into their product. Fiat money, skins, BTC, ETH, XRP, BCH, XLM, and other cryptocurrencies may all be used to invest. There are 3,000+ slots, live games, and sports betting opportunities, all uniquely created by the team behind the project.
Aside from that, CS: GO may be played on the platform, and players can take advantage of the most rewarding VIP schemes accessible.
Ending note
The previously described awards have been amended in terms of how prizes are dispersed for active users; nevertheless, this does not rule out the possibility that non-active players would profit from platform benefits. Free prizes and promotions are still available.
Follow them on social media: Twitter, Facebook, Instagram, or visit their website to stay up to date on all their incentives.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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