Bodog888 ups rebate on live games to 0.6%

While most online casinos will offer bonuses based on a percentage of players’ deposits (eg 50% match), since launching their live casino Bodog88 have offered a player rebate based on turnover instead.

I used to think that they were trying to be a little bit different and stand out from the online casino crowd with a novel bonus offering. However since gaining a better understanding of how Macau’s junket operators work I’ve come to realise that Bodog88 are in actual fact simply aligning their bonus structure with the worlds biggest VIP player bonus market.

Player rebates are the foundation of the relationship between Macau junket operators and their VIP player clients. Typically the junkets will give players a rebate of around o.5% of non-negotiable chips wagered…almost always on high limit baccarat tables . With a 0.5% rebate, if a player wagers RMB1,000,000 then win or lose they get cash back of RMB5,000.

Junket driven VIP baccarat contributes a staggering 70% of total Macau casino revenue. It’s very big!

Bodog88 rebate now 0.6% of turnover

For weekly wagers of more than RMB500,000 (approximately$77,000, €53,000) on any of Bodog88’s live games (baccarat, roulette, blackjack, sicbo) players now get a rebate of 0.6%.

The rebate is credited to your account on Wednesdays.

The maximum rebate you can get each week is RMB50,000 ($7,700, €5,300), which equates to RMB8,333,333 ($1.28 million, €890,000) in bets placed so unless you’re a really high roller you’re unlikely to tap the maximum.

In the true spirit of Macau gaming it’s pretty clear these guys are looking to entice the super high roller players. In addition to upping their rebate they’ve upped their baccarat table limits to RMB300,000 ($32,000, €46,000) per hand.

Summary

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