A lot of these VIP programs are masked with promises of “tailored rewards” but no indication of what they may be or how much you have to spend. We reveal how long it will take you to progress up the rewards ladder and start earning some serious crypto rewards with each loyalty program.

## Sportsbet Clubhouse

Sportsbet offers its Clubhouse loyalty program. They have 7 levels through which you progress by collecting points on each bet or casino wager. The amount of points credited varies depending on the odds, your stake and whether you win or not. Longer odds, higher stakes and losing bets are favoured. Sports bets have a multiplier of 15 whereas casino bets have a multiplier of 5, so casino players should turn their attention to the BitCasino section. Here’s an example of how many points a sports bet will earn you:

General sports formula = 15 * valid stake * points multiplier

General casino formula = 5 * valid stake * points multiplier

Valid stake: In most cases this is your actual stake amount. However, there is one exception, if you win a bet with odds of less than 2.00, then the Valid Stake is the net winnings from the bet (Net Winnings = return – stake).

Example 1: You bet 1 mBTC on a 1.50 sports bet and win. Your 1 mBTC is converted to Euros for the purpose of this equation (€26.27 at the time of writing) and then converted to valid stake. 15 * 13.135 * 1 = 197.025 (rounded up to 198)

The levels are laid out below. Due to the complex nature of the points, it’s hard to work out exactly how much it would cost to reach each level. However, the spend amount below is based on backing only even money sports bets (either winning or losing – the points would be the same either way) with 1 mBTC.

Level Points required Rewards Multiplier Spend
Steel 0 0 x1 \$0
Bronze 5 1 x1 \$0.40
Silver 3,750 6 x1 \$392.59
Gold 30,000 12 x1.25 \$23,543.69
Platinum 250,000 11 x1.5 \$39,729.97
Titanium 750,000 12 x2 \$65,922.33
Diamond 3,750,000 Infinite x3 \$183,640.79

Bear in mind, each level has sub-levels that trigger a reward. So for example, within Silver, there are 6 targets to hit as displayed in the image below. In Gold, there are 12, Platinum 11 and so on.

Eugene Abungana

Author

I have worked with several companies in the past including Economy Watch, and Milkroad. Writing for BitEdge is highly satisfying as I get an opportunity to share my knowledge with a broad community of gamblers.

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