Every online poker room advertises its first-deposit or sign-up bonus in a premium spot on their homepage and on the banners they send out to their affiliates.
It is one of the main tools they use to capture players’ attention and to lure them to the tables. In this respect, a hefty first deposit bonus is always a welcome sight for the money hungry rookie, so he’s likely to jump on the fattest offer with great urgency. Only later will he find out though, that things are much more complicated than he had first figured.
The value of a sign-up online casino bonus is determined by a combination of factors, not just the maximum amount advertised on the site. If the site says $500, that usually means you’ll get a certain percentage match on your first deposit up to $500.
Of course, it is much more important that the percentage match be bigger than the maximum amount advertised on the site. A 200% match means you’ll get $100 for your $50 deposit.
A 50% one means you get $25 for the same amount. The next thing you have to know is that no poker bonus ever comes without strings attached. The bonus money that you get, first lands in your bonus account. In order to have it transferred to your real money account you need to unlock it.
Bonus money is always redeemed in a direct proportion with the amount of rake you generate. In order to redeem $1 of your bonus, you usually need to make much more than that in rake. The less rake you have to generate/bonus dollar, the kinder the requirements are.
Most bonuses come with a set expiry date. If you fail to unlock them in the given number of days, you lose your bonus.
If they’re unlocked in smaller increments, at least you get a fair shot at unlocking a part of it, if they’re only redeemable in one lump sum, you’re at disadvantage again. Even though a sign-up bonus is a great way to start your online poker adventure, the best kinds of bonuses are the ones that never expire.
Rakeback is like a never ending sign-up bonus which keeps providing you EV + month after month, for as long as you play at the room you signed up for. The rakeback Full Tilt gives for instance is a 27% one, which means every month you get 27% of the rake you generate, back.
Playing with a rakeback deal doesn’t mean you have to give up on anything. You’ll be eligible for the same promotions, freerolls and deals as the other players who might not have heard of the great value rakeback provides. Choose your bonuses carefully, make sure you can unlock them, and that they serve you well.