In the realm of decentralized Casinos and Betting, Housebets has once again raised the stakes by introducing an innovative bonus feature. This latest addition rewards users with bonuses on their deposits, allowing them to amplify their earnings and make the most of their gaming experience. With a unique bonus structure and payment in LFI tokens, Housebets is revolutionizing the DeFi casino landscape. Let's delve into the details of this exciting bonus system and explore how it can benefit avid gamblers.
Unveiling the Bonus Structure
The bonus structure consists of three tiers, each offering increasingly generous rewards for users' deposits. There are currently 3 active tiers, of which there are set requirements in order to unlock each. Please note, that each tier's requirements can change over time:
- Tier 1: Minimum Deposit = $10 / Maximum Bonus $20,000
- Tier 2: Minimum Deposit = $50 / Maximum Bonus $40,000
- Tier 3: Minimum Deposit = $100 / Maximum Bonus $60,000
Tier 1 requires making a deposit over $10, where users receive a 180% bonus, nearly doubling their initial deposit amount. The second tier requires a deposit over $50, which activates a bonus of 240% on their deposit amount. Finally, for the third tier, the user needs to deposit over $100, of which Housebets activates a 300% bonus. These bonuses create an enticing environment for users, motivating them to deposit on the Housebets platform to explore our diverse betting options.
What is the Bonus? (Payment in $LFI Tokens)
No matter the currency users deposit in, all deposit bonus rewards are given in $LFI. It is important to note that the maximum bonus amount per deposit is capped at $20,000, $40,000 and $60,000 in $LFI tokens for tiers 1, 2 and 3 respectively. For instance, if a user makes a first deposit of $1,000, they will receive a bonus of 180% of their deposit, equivalent to $1,800 worth of LFI tokens. Similarly, second and third deposits would yield bonuses of $2,400 and $3,000 worth of LFI tokens, respectively.
Unlocking the Bonus
To ensure a fair and responsible gaming environment, Housebets has implemented an unlocking mechanism on the $LFI you get from the deposit bonuses. Users must meet a specific wagering requirement to fully access their bonus funds. The unlocking amount is determined by multiplying the wager amount by the house edge and then applying a 5% factor.
Unlock amount = wager amount * house edge * 15%
For example, if a user wagers $100 on a game with a house edge of 2%, the unlocking amount would be $100 * 0.02 * 0.05 = $0.10. Once users have accumulated sufficient unlocking amounts, they can claim and utilize their bonus funds in further bets or explore other possibilities within the Housebets platform.
Housebets' introduction of the new bonus system demonstrates its commitment to providing a dynamic and rewarding experience for users. By offering substantial bonuses on deposits, paid out in valuable LFI tokens, Housebets empowers users to maximize their earnings and enjoy a thrilling gaming experience. With a transparent unlocking mechanism in place, fairness and responsible play are prioritized.
Whether you are a seasoned gambler or new to DeFi, Housebets' bonus feature is a game-changer. Join Housebets today and unlock a world of excitement and lucrative opportunities!