Instant Rebate VIP
Whether the customers wins or loses, every time they place a bet, we will immediately refund them a special percentage of their wagered amount!
These are the percentages:
VIP 1
Newcomer
0.35%
0.35%
0.35%
0.35%
VIP 2
Bronze I
0.40%
0.40%
0.40%
0.40%
VIP 3
Bronze II
0.40%
0.40%
0.40%
0.40%
VIP 4
Bronze III
0.40%
0.40%
0.40%
0.40%
VIP 5
Silver I
0.45%
0.45%
0.45%
0.45%
VIP 6
Silver II
0.45%
0.45%
0.45%
0.45%
VIP 7
Silver III
0.45%
0.45%
0.45%
0.45%
VIP 8
Gold I
0.50%
0.50%
0.50%
0.50%
VIP 9
Gold II
0.50%
0.50%
0.50%
0.50%
VIP 10
Gold III
0.50%
0.50%
0.50%
0.50%
VIP 11
Platinum I
0.60%
0.60%
0.60%
0.60%
VIP 12
Platinum II
0.60%
0.60%
0.60%
0.60%
VIP 13
Platinum III
0.60%
0.60%
0.60%
0.60%
How do we calculate valid wager amounts?
In order to calculate the value towards the rebate, customers are required to bet. To understand what amount is considered for the upgrade we need to consider the following information:
Absolute value: It is a number's distance from zero on the number line, regardless of direction. It’s always non-negative. For example:
|5| = 5
|-5| = 5
Payout = risk amount + winnings
Valid Wager: Uses absolute value.
Valid Wager = | payout - bet amount |
This means the percentage is applied to the last absolute value.
Formula:
Valid Bet = |Payout − Bet Amount| Note: The valid bet amount cannot exceed the original risk amount.
Examples
Single Bet: Wager $110, Possible Win $100
If you win:
Payout = $110 (original bet) + $100 (profit) = $210
Valid Bet = $210 − $110 = $100 Since this is less than your original bet, your valid bet is $100
If you lose:
Payout = $0
Valid Bet = |$0 - $110| = $110
Your valid bet is $110
Parlay Bet: Wager $100, Possible Win $230
If you win:
Payout = $100 (original bet) + $230 (profit) = $330
Valid Bet = $330 − $100 = $230 But since this exceeds your original bet, your valid bet is capped at $100
If you lose:
Payout = $0
Valid Bet = |$0 - $100| = $100
Your valid bet is $100
Conditions:
*Minimum amount to claim must be equal or higher than $1 USD.
*This bonus has a 1X rollover.
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