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BigBetPoker 100% first deposit "bonus" is a con  +1   

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 62000 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 = 37000 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.

     
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hmmm ok cheers for the info Thumbs Up

     
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Posted by BoyElectric:

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 62000 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 = 37000 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.

ive have a headache figurong it out... anyway, good job... Aww crap! Aww crap! Aww crap! Aww crap!

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


do you really believe that in other rooms the bonus is much more profitable for player?

     
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Posted by Kerdisas:
Posted by BoyElectric:
A $750 deposit and $3750 in rake for a $50 bonus?! Aww crap!


do you really believe that in other rooms the bonus is much more profitable for player?


the 100$ bonus from partypoker is way too easy, 250 PP and it is cleared

     
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Hi,I don't thinking about bonuses long period of time because of awfull conditions,only good thing in last time was BRM gift offers,I was released Nuts gift offer and that was quick and easy Thumbs Up
Worship Worship Dollar Dollar Worship Worship

     
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Posted by Pitiless:
Posted by Kerdisas:
Posted by BoyElectric:
A $750 deposit and $3750 in rake for a $50 bonus?! Aww crap!


do you really believe that in other rooms the bonus is much more profitable for player?


the 100$ bonus from partypoker is way too easy, 250 PP and it is cleared


what did u play to clear it?...didnt get the pp bonus but 250points is 125$ worth of rake? lots of dons lol unless u hit higher cash tables

     
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Posted by Kerdisas:
Posted by BoyElectric:
A $750 deposit and $3750 in rake for a $50 bonus?! Aww crap!


do you really believe that in other rooms the bonus is much more profitable for player?



Chewing your leg off is more profitable than $50 bonus for $3750 rake.

OK, so you do get another $700 rakeback but you would get that anyway from $3750 rake whether you had the bonus or not.

My point is that it's wrong to sell something as a "bonus" when you would earn it (or 85% of it) regardless of whether you had the bonus or not.


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a lot, if not most, site deduct your bonus from your rakeback. This is very common. Rakeback is basically a permanent bonus anyway, they generally don't stack them.

     
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