A Detailed Description of 500 Casino’s VIP Club

10/01/2024 | Categories: Casino Guides | Published by: Joe | Last updated: 10/01/2024

500 Casino is a gaming and betting crypto-gambling platform that debuted in 2016. It gets owned and operated by Perfect Storm B.V. under an Antillephone license, with its games getting tested by iTech Labs, one of the sector’s most trusted fairness testing agencies.

Over the past few years, this site has grown substantially, with, at all times, a few hundred gamblers using it. It has gotten somewhat of a footing in the eSports scene and is a pretty diverse online casino and sportsbook. 500 Casino is famous for its betting tournaments, but here, we will focus on the brand’s VIP scheme.

Before we start explaining the VIP Club at 500 Casino, we must point out that this program got designed years ago when the only currency available here was the site’s internal one, BUX. When the platform added USD (and other currencies), the XP to bet conversion rate went from $1 to 1,666 BUX, the one 500 Casino used to calculate prices before as well. We understand that this can be confusing for those who do not have the backstory, and we talked to the 500 Casino support staff about this. They said because this system has been integrated into the site for a while, they have not discussed changing it. Hence, they are going to roll with it as is for now.

VIP500

How the System Works

The 500 Casino VIP Club has 9,999 levels separated into ten tiers. We break down these in the list below:

Silver – level 500 to 599
Gold – level 600 to 699
Sapphire – level 700 to 799
Emerald – level 800 to 899
Ruby – level 900 to 999
Diamond – level 1,000 to 1,099
Pearl – level 1,100 to 1,199
Obsidian – level 1,200 to 1,299
Opal – 1,300 to 1,399
Stardust – 1,400 to 9,999

To move up the VIP ladder here, you earn experience points, called XPs, with various betting activities at 500 Casino featuring different contribution rates. For example, the site’s proprietary provably fair picks, Wheel of Fortune, Roulette, Duels, Crash, Plinko, and Towers count 100% towards XP progression. Sports betting counts 200% (for bets on 1.30+ odds) toward XP accumulation, and 500 Casino crypto dice gambling contributes 25%. The low contribution rate here is because of the dice’s house edge, which is considerably low in this gaming product.

Note that on contribution rates, these enhance the XP worth, not the funds bet.

Each third-party casino title gets an individual treatment based on its house edge or return-to-player setting. Keep that in mind. The rule of thumb is that the higher the RTP of a studio-supplied slot is, the lower that game’s XP accumulation rate will be.

You get 1,666 XP for every $1 bet. That amount then gets boosted by a specific contribution rate. Thus, if you wager $1 on Crash, you will get 1,666 XP. But, if you put down $1 on sports with odds of above 1.3, then you will take home 3,332 XP. And for dice, you shall receive 416 XP for a dollar wagered on it, given that it has a 25% contribution rate. If all this seems a bit too complicated, you have a dedicated XP calculator page that will hopefully make this conversion process easy for you. It will tell you how many XPs you will get after wagering and how much you must bet to reach a desirable VIP level.

To get to level 2, you need 20,090 XP when playing 500 Classics. For level 100, you must rack up 1,610,801 XP. And to hit level 9,999, you require 311,450,242,153 XP.

Various stipulations come into play regarding gathering XPs at 500 Casino. For instance, in Roulette, for XP acquisition, you cannot make over two wagers in a round, and you cannot bet on black and red simultaneously, and if you wager on all colors in a round.

We should again highlight that the 200% XP rate for sports bets is only valid for events with odds of 1.30+. For those with a coefficient between 1.2 to 1.29, the rate drops to 150%. For 1.1 to 1.19, a 100% rate is in play, and for events with odds below 1.09, the rate falls to 50%.

Wheel of Fortune has similar restrictions to the ones in Roulette, meaning you can wager on all colors simultaneously. And you cannot make over three bets in a round in Wheel of Fortune. For Crash, you will only get the cited full XP value if you do not cash out or do so when the multiplier surpasses x1.5. If you do so when it is below this value, you will snag a proportional XP to your cash-out multiplier value. You get a 50% rate for an x1.25 cash-out and a 2% rate for a x1.01x cash-out.

What Perks Await in This Scheme?

In the first three tiers, you get promotional bonuses, Rakeback, special chat events, extra raffle tickets, weekly reloads, Lossback, and monthly bonuses. From the Emerald tier onwards, birthday bonuses get unlocked. You get a VIP host and preferential (withdrawal) limits. Remember that only KYC-verified users can get treated to these perks. If you want them, complete the 500 Casino identity verification process.

Gamblers that get to the Obsidian tier, 1,200 level, get a Rolex watch as a complimentary reward. The first person hitting the 1,300 level here won a Lamborghini Huracan. How cool is that? That prize has already gotten claimed, but what has not gotten taken home is the gold bar with the 500 Casino engraving available to the individual that gets to the 1,400 level, opening the doors to the Stardust tier, something that at writing has not yet gotten accomplished.

We should add that the Lossback percentages/amounts grow with your VIP tier. The same applies to the Rakeback, which depends on the house edge of chosen games and the weekly and monthly bonuses. Naturally, the more you bet here and the higher you ascend, the more benefits you get. As discussed, some of these are pretty generous, so review 500 Casino and see if it is a good fit for you.

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