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?!
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.
