India, Nov. 12 -- Crypto casinos have grown from a niche corner of the internet into a business with millions of daily users, and most of the large platforms now compete less on games than on loyalty rewards. Terms such as rakeback, reload and VIP level appear in almost every advertisement, yet few players can say what they mean in money. This explainer breaks the three ideas down in plain numbers, using Stake, one of the largest platforms, as the example.
Everything starts with the house edge
Every casino game keeps a small share of each bet. On Stake's own dice and crash games that share is about 1%, on blackjack roughly 0.5%, on roulette 2.7% and on slots usually around 4%. This is the house edge, and it is the only pool from which any...