Posted by jessthehuman
It appears as though you finished your sentence before the
Any how, this is how ALL poker
They're match-up bonuses - basically you deposit $X and you have to earn the poker
site something like 2.5X this amount before they release it. For 1st deposit bonuses anything from around 35%-60% rake back on your bonus
is common. For example - if you received a 40% deal, this would mean for every $1 of bonus
you wanted to release, you would need to rake in $2.50 for the site - and ultimately you would get 40% rake back. Reload bonuses generally clear at higher rates (lower RB).
This might seem really obvious (it is) but some people seem to miss this, so I'll just spell it out.
When working out whether a poker bonus
is good or not you need to do this:
* Find out the clearance rate of points vs bonus
* Find out how many points you get per dollar of rake
* Calculate the percentage of rakeback your bonus
Site XYZ says "We give you up to $500 1st deposit bonus
You check the terms and the say * For every $1 of bonus
, you must earn 100 player points
So you have a look and it turns out for every $1 in rake you pay, you get 50 player points.
so 100 points = $2 in rake
So to clear the $500 you must rake 500 * $2 = $1000
This means your rake back for the bonus
is calculated @ $500 / $1000 = 50% RB = no bad
Now let's look at next offer
Poker site FGH says "100% matchup up to $2000.00 !!!!!!!'
Wow ! $2000! lets take a look - OK - they say for every $1 of bonus
you need to clear, you must earn 10pts ! Sounds great = but wait, let's see what the points/rake system is:
turns out for every $1 in rake you pay, you only earn 2 pts.
So if you want to clear $2000.00 you need to earn 2000 * (10/2) = $10.0000!
So your rakeback on this deal is actually $2000/$10000 = 20% Rake back - Terrible !!
So don't be fooled by large numbers = always check bonus
value in terms of RakeBack and ALWAYS check how long you have to clear it and whether it releases in chunks or in a lump : if it's a lump sum, this is fine - but you need to be careful, because if you clear 90% of it and time runs out, you'll get nothing.