Betsafe

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First Deposit Bonus

Betsafe offers 5 first deposit bonuses. To claim a bonus, you must enter the bonus code in the available bonuses section, within 30 days after creating a poker alias.

BonusRequirementRakebackValidChunksCode
€1000Rake €5 / bonus €20%60 days€100 x 101000MGBLACK
€500Rake €5 / bonus €20%60 days€50 x 10500MGBLACK
€250Rake €5 / bonus €20%60 days€25 x 10250MGBLACK
€75Rake €5 / bonus €20%60 days€5 x 1575MGBLACK
€25Rake €5 / bonus €20%60 days€1 x 2525MGBLACK

You need to create a poker alias before you can enter the bonus code. Download and open the poker client to create your alias.

Betsafe bonus details

Bonus clearing – A Betsafe bonus is cleared by generating 5€ rake for every € the bonus is worth. For example, to clear the full €1000 bonus, you need to generate €5000 rake. You can track the bonus releasing progress in the Betsafe poker client.

20% rakeback – All Betsafe bonuses are equivalent to receiving 20% rakeback: You receive €1 for every €5 rake. On top of the bonus, 30% extra rakeback can be earned in the Betsafe VIP program.

Chunks – The bonuses are released in chunks. As soon as you generate enough rake for one part of the bonus, you will receive the bonus money on your account. To receive the full bonus amount, you need to generate the required rake within 60 days after entering the bonus code.

 

Cashback

Betsafe has a VIP program where you can earn up to 30% cashback. The VIP program is based on loyalty points.

You receive 10 loyalty points for every dollar payed in rake or entry fee. Rake is taken in euro, but the loyalty points calculations are made in USD. Current exchange rates are applied.

LevelRequirement LPRequirement RakeCashback
Silver1 LP0.1$ / month10%
Gold500 LP50$ / month15%
Platinum1000 LP100$ / month20%
Diamond3000 LP300$ / month30%

You can combine a bonus with Betsafe cashback.

When you open an account at Betsafe, you are automatically enrolled for cashback. You do not need to sign up for the program.

Betsafe cashback details

You can convert 30 loyalty points into $1 cash. The amount of loyalty points that can be converted depends on your current VIP Level, so that it matches the cashback percentage. Loyalty points that can’t be exchanged for cash can be used to buy certain multi-table tournament tickets at a ratio of 100 loyalty points for every 1USD buy-in (=10% rakeback).

For example, if you have 30% cashback, you need to earn 33 loyalty points (=$3.3 rake) in order to convert 30 loyalty points into $1 cash. $1 is 30% of your $3.3 rake. The remaining 3 loyalty points can’t be converted into cash but can be used to buy tournament tickets.

Second example, if you have 10% cashback, you need to collect 100 loyalty points (=$10 rake) in order to convert 30 loyalty points into $1 cash. $1 is 10% of your $10 rake. The remaining 70 loyalty points can’t be converted into cash but can be used to buy tournament tickets.

The exchange can be made directly in the Betsafe poker client. You can choose when you convert your loyalty points (e.g. you can wait to move up a level). Note that your Loyalty Points will expire after 180 days from the date earned.