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BankrollMob Forum » Big Bet Poker » BigBetPoker - 100% deposit bonus is a con

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  30-Jun-10, 23:06   #1
BigBetPoker - 100% deposit bonus is a con 0 
BoyElectric 

Joined: Feb '09
Location: United Kingdom
Age: 45 (M)
Posts: 100
I have done some calculations and The "BigBetPoker" 100% deposit bonus is a con.

Forget the 120% bonus claimed as the extra 20% is only for Monkeybookers deposits, so it's not applicable to everyone.

Basically, their 100% bonus only amounts to a MAXIMUM of 50% if you deposit $25 or less and then progressively less the more you deposit.

BigBetPoker awards Reward Points at the following rates:

100 per $1 rake for Bronze Level (0-25000 points)
150 per $1 rake for Silver Level (25000-100000 points)
200 per $1 rake for Gold level (100001+ points)

While you are "earning" your first deposit bonus, BigBetPoker will give you 200 reward points per $1 rake, regardless of your level.

Reward points are redeemed for $1 per 1000 points earned.


Here are 3 examples:


Example 1: (deposit $25)

$125 rake = 25000 points = $25 cashback

However, a new player WITHOUT any deposit bonus would still earn 12500 reward points for the same amount of rake which could be redeemed for $12.50

So, the actual amount of "bonus" for a $25 deposit is only $12.50 = 50%. The other $12.50 you earn anyway so this cannot be regarded as a bonus.


Example 2: (deposit $100)

$500 rake = 100000 points = $100 cashback

However, a new player without any deposit bonus would earn 62500 reward points for the same amount of rake which could be redeemed for $62.50.

This is calculated as:

$250 rake at Bronze Level = 25000 points
$250 rake at Silver Level = 37500 points

So, the actual amount of "bonus" for a $100 deposit is only $37.50 = 37.5%. The other $62.50 you would earn anyway so this cannot be regarded as a bonus.


Example 3: (deposit $750 - this is the maximum for the first deposit bonus)

$3750 rake = 750000 points = $750 cashback

However, a new player without any deposit bonus would earn 700000 reward points for the same amount of rake which could be redeemed for $700.

This is calculated as:

$250 rake at Bronze Level = 25000 points
$500 rake at Silver Level = 75000 points
$3000 rake at Gold Level = 600000 points

So, the actual amount of "bonus" for a $750 deposit is only $50 = 15%!! The other $700 you would earn anyway so this cannot be regarded as a bonus.

A $750 deposit and $3750 in rake for a $50 bonus?! Aww crap!

If this were a true deposit bonus you would NOT have to cash in your reward points to clear the bonus.

My advice = don't bother.

Edited by BoyElectric (30 June 2010 @ 23:53 GMT)


     
  30-Jun-10, 23:36   #2
  0 
ILI_002 

Joined: Mar '10
Location: Greece
Age: 50 (M)
Posts: 505
Hi BoyElectric and welcome to the BRM forum.
Woa, you've done some serious calculations here!... I admire your patience to work this out! Thumbs Up
To be honest, I believe what happens with the BigBet bonus, actually happens with more rooms that give deposit bonuses to clear. There are quite a few rooms that it's so obvious that you have to pay lots of times your bonus in rake... which of course SUCKS a lot!... Same with NoDepositBankrolls where in some sites you have to get tons of Points to clear them... that's why most of the times the player loses all his NDB in that room very fast... same happens with casino bonuses... anyway, there are some bonuses as in PartyPoker and FullTilt that most of the people manage to clear... I'd say better stick with them...

*****************
#I__CAME__TO__GAME# Heart Diamond

Edited by ILI_002 (30 June 2010 @ 23:57 GMT)


     
  30-Jun-10, 23:56   #3
  0 
BoyElectric 

Joined: Feb '09
Location: United Kingdom
Age: 45 (M)
Posts: 100
I agree ILI.

Any site which requires you to cash in reward / VIP points to earn your bonus isn't really offering much or any bonus at all.

FullTilt, Party, PokerStars and many others are genuine as you keep the points you earn while you are clearing your NDB / FDB.

So a warning to everyone. Don't be fooled by any bonus offers where you are required to cash in points to earn your bonus.This isn't a bonus!

     
  30-Jun-10, 23:58   #4
  0 
jessthehuman 

Joined: Apr '09
Location: Australia
Age: 36 (M)
Posts: 6482
LMAO !

What you are saying, is because this room GIVES YOU RAKEBACK BY DEFAULT that there bonus is worthless??

Mate, MOST rooms deduct your bonus from rakeback. So anyroom you're getting rakeback from, you're going to get a reduced bonus if you only consider your bonus to be (bonus amount - rakeback due). But the fact that once you clear your bonus, you'll continue to earn rake back, is a good thing, not a bad thing.

     
  1-Jul-10, 00:18   #5
  0 
BoyElectric 

Joined: Feb '09
Location: United Kingdom
Age: 45 (M)
Posts: 100
Hey Occa.

Actually, VERY FEW rooms deduct your FDB / NDB from rakeback.

The point is that if you make a first deposit under these conditions, you are far better off only making a small first deposit as the bonus percentage is much greater - although still nowhere near 100%. If you make a large first deposit you are only marginally better off with the "bonus" than you are without it.

Rakeback isn't worthless. Not sure about your cricket team . . . mate.

     
  21-Jul-10, 18:39   #6
  0 
fini 
Joined: Apr '10
Location: Hungary
Age: 39 (M)
Posts: 184
Hello all!
I have a problem with them. I don't like them. I usually just end up losing the money. If I miss the flop, I don't like to bet, except for the occasional situational bluff and semi-bluff.

If you raised pre-flop and hit big, you are often going to check till the turn anyway. So your opponent isn't necessarily going to "know" whether you missed or hit.

But some people seem to think a continuation bet is usually in order.

Good luck all Tongue ...

     
  22-Jul-10, 08:08   #7
  0 
Pjot 
Joined: May '08
Location: Sweden
Age: 51 (M)
Posts: 1362
Posted by fini:
Hello all!
I have a problem with them. I don't like them. I usually just end up losing the money. If I miss the flop, I don't like to bet, except for the occasional situational bluff and semi-bluff.

If you raised pre-flop and hit big, you are often going to check till the turn anyway. So your opponent isn't necessarily going to "know" whether you missed or hit.

But some people seem to think a continuation bet is usually in order.

Good luck all Tongue ...

Well, I have to balance this with saying: I like them. Because I tend to win there. I got the initial 10 $ up to a hundred, and am the next time I'm playing releasing the next 20 bucks.

Nice software too. Smile

     
  22-Jul-10, 11:35   #8
  0 
psycokiller 
Joined: Sep '09
Location: Canada
Age: 45 (M)
Posts: 776
Problem with most NDB's is that they are too small to build up easily. In most instances, 1 bad run or a couple of bad plays will kill that bonus offer.

     
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