500 Casino Review

The old CSGO500, now mostly a casino

500 Casino is CSGO500, one of the first CS:GO gambling sites, under a new name. It's a gambling site for adults (18+). Today it is a crypto casino and sportsbook with slots, live dealers, its own house games, cases and case battles, and it still takes CS2 and Rust skins. It had about 2.8 million visits in August 2026, with Australia (12%), Ireland (7%) and Japan (7%) as its biggest markets, and people stay around 19 minutes a visit.

What sets it apart from most skin sites is how much it publishes: a house edge for nearly every game, the rules of its welcome package in full, and what it pays referrers. That openness is useful, and it also shows that the headline 300% bonus is worth far less than it sounds.

Who runs it, and the licence

The footer text in the site's own code, checked on 24 October 2026, says 500 Casino is owned and operated by Perfect Storm B.V. (registration number 150536) in Willemstad, Curaçao, and licensed by the Curaçao Gaming Control Board under licence OGL/2024/1354/0882. Payments are handled by Nine Yards Limited in Limassol, Cyprus. We couldn't reach the regulator's register to confirm the licence, and no person behind either company is named.

A licence number gives you a regulator to complain to, which many skin sites don't. Unnamed owners are still a real gap for a site that holds your balance.

The sign-up form in the same code won't accept players from the UK, the US, France, Germany, Spain, the Netherlands, Sweden, Norway, Austria, Romania and about 100 other countries. Its terms may restrict more, so check them for your country before you deposit.

The 300% welcome package is rakeback you unlock slowly

The help centre explains it (updated March 2025). Your first deposit over $25, made within 7 days of signing up, gets a "rakeback boost" of 300% of the deposit, up to $15,000. It isn't paid as balance. You unlock $1 of it for every $400 you bet, which is 0.25% of what you wager, and the boost expires after 90 days.

To unlock the full $300 on a $100 deposit you'd have to bet $120,000. At Dice's 1% edge that much betting costs about $1,200 on average; on cases at 10%, about $12,000. Most players will unlock a few dollars.

The casino version adds 50 free spins whose winnings go to a bonus balance that must be bet 40 times, with at most $100 per bet and $1,000 withdrawable. The sportsbook version gives a free bet up to $500 at odds of 1.6 to 6. The rules allow one package per household, let 500 Casino refuse it to any account, and say all winnings and deposits are forfeited for "abuse". Treat it as a small rebate, not a match.

House edges: published, and Towers fixed after a report

The house edge is the share the site keeps on average. A 1% edge means about $99 back for every $100 you bet over time. 500 Casino's help centre (updated 6 June 2026) lists:

Game	House edge
Blackjack	0.52% (99.48% RTP)
Dice, Mines, Baccarat	1%
Keno, Limbo	2%
Plinko	4% (8% on extreme)
Wheel	5.01% average (gray 3.7%, gold 7.4%)
Duels, Towers	5% (Towers only since 30 October 2026, see below)
Crash	6% of rounds bust at 1x
Roulette	6.66%
Cases and case battles	10% added to the item value
Sportsbook	3% (as reported)

Slots run 92% to 99.65% RTP depending on the game.

We measured 201 of its cases in October 2026: 10.0% on average, from 9.9% to 11.5%. That matches the stated 10%. It's the industry norm, but CSGOEmpire (8.8%), CSGORoll (9.1%) and CS2Skin (5.0%) keep less on cases. Case wins go to your balance as their value; you don't receive the skin itself.

A third-party tracker estimates from on-chain data that the house games keep about 1.2%, close to what 500 Casino declares, and the sportsbook about 8.2%, well above the 3% it reports. That's an outside estimate, but compare odds before you bet sports here.

The games are provably fair, meaning results are fixed before you bet and you can check them afterwards. That check covers where a result lands, not what a win pays.

Towers took the 5% again on every row, until 30 October 2026

On 29 October 2026, provablyfair.org, an independent group that tests casino games against their fairness claims, published an investigation into Towers. 500 Casino says Towers has a fixed 5% house edge. provablyfair.org found it took the 5% again on every row you climb, so the edge was 5% at row 1, 14.26% at row 3, 22.62% at row 5 and 40.13% at row 10. Its example: $100 on Medium cashed out at row 10 pays $61,311, where a fixed 5% would pay $97,280. It says the game's code, its own 33-game test in October 2026 and 27 winning bets dated November 2024 all show the same payout table, and that the 5% wording goes back to at least September 2023. Every bet in its test still passed the provably fair check, and 500 Casino's iTech Labs certificate covers the random numbers, not the payout table. It puts the extra cost to players at $3.5 million to $21.6 million over three years, a model built on stated assumptions rather than a confirmed total.

500 Casino answered the next day. In an article on X on 30 October 2026 it said provablyfair.org was right: its code took the edge on every row of Towers and on every correct guess in HiLo, its 1% game, instead of once per game. It says it fixed both games that day, so Towers now returns 95% and HiLo 99% wherever you cash out, and that the results themselves were random and still verify. It is paying every affected win back, from September 2023 for Towers and July 2026 for HiLo, plus 10%: $1,741,242 to more than 35,800 players, credited automatically and shown in a Compensation column in your game history. It says its full bet history puts the shortfall at $1.58 million, below provablyfair.org's estimate, because 86% of affected Towers wins were cashed out at rows 2 to 4. Losses and row 1 wins were not affected. One change: Towers' maximum bets are now lower, since top-row wins pay more.

provablyfair.org checked the fix the same day: the new Towers paytable was right, and the refunds on its own account matched 500 Casino's formula. It also gave 500 Casino credit for the public disclosure, automatic refunds and a formula players can check, all within a day of its report. On 31 October it re-tested Towers with live bets: the paytable is correct on all 3 modes, and 10 live wins cashed out from row 2 to row 7 all paid exactly the stated 5% edge. That re-test covered Towers, not HiLo. The refund total is 500 Casino's own figure from its bet history. If you cashed out Towers at row 2 or higher, or HiLo after two or more correct guesses, check the Compensation column. provablyfair.org's original thread has the short version of the finding.

The skin market

Skins come in and out through a player-to-player (P2P) shop: another player sells you their skin, or buys yours. Sellers pay 0% fee, and skins listed there cost buyers about 5% more than the same skin on CSFloat, against about 3.5% more on CSGOEmpire. A sale is held in "Trade Protected" status for 7 days plus one, so as a seller you're paid about 8 days after the trade. Disputes go to support, who ask for video evidence.

Deposits, withdrawals and ID checks

You can deposit skins (from about $0.30), crypto (from about $0.60) or card and gift cards (from about $3). Withdrawals are crypto (BTC, ETH, LTC, XRP, USDT and others) or skins only. Card money never goes back to a card, and card, voucher and gift card deposits must be bet once in full before you can withdraw.

Each coin has its own balance: a BTC deposit can come out as BTC or skins, not as another coin. Crypto withdrawals are described as instant, with a few flagged for review, and the network fee comes off what you receive.

KYC (an ID check) isn't needed to play but can come up at withdrawal. The help centre lists ID front and back, a proof of address under 6 months old, and a photo of you with your card if payments are flagged, and says extra checks can be asked for at any time.

Rakeback, levels and the code

Every player earns instant rakeback from level 0, rising every 100 levels. 500 Casino says it returns 5% to 20% of the house edge this way: 0.05% to 0.2% of what you bet on Dice, 0.5% to 2% on cases. There are level rewards, a daily case worth at least $0.50 once you're active enough, several "rains" (free balance drops) an hour, and VIP perks from level 500 with weekly reloads and lossback.

Code BETREFS comes with the link on this page (500.casino/r/BETREFS). We haven't confirmed that it adds a bonus of its own; the rakeback and VIP rewards are what every player gets. 500 Casino pays code owners 10% to 30% of the house edge on referred players' bets, which is how Betrefs earns from it. It costs you nothing.

What players say

Its Trustpilot page is still under csgo500.com: 2.9 out of 5 from 966 reviews, 69% five-star and 21% one-star, with 79 reviews in the last 12 months. The complaints we have on file are about accounts banned without a reason and claims of "fake RTP". We haven't tested 500 Casino with our own money.

Tanzanite's checklist

Tanzanite, a crypto casino data site, rates casinos on a checklist of five areas: provably fair games, responsible gambling tools, customer support, published RTPs, and operations (proof of funds and six months running). It lists 500 Casino as "Tanzanite Certified", meaning it met all five (its 500 Casino page, checked 29 October 2026). The checklist covers what a site offers, not an audit of what its games pay. That is how the certification and provablyfair.org's Towers finding above can both stand.

Who it suits

A CS2 or Rust player who wants a full casino and sportsbook alongside skins, and likes low-edge games like Dice, Mines and Blackjack. If you play, use the self-exclusion button on your profile if you need a break; 500 Casino says it won't lift one early, even if you ask.