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poker bonus programs

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poker bonus programs

Post  Admin on 2009-03-31, 07:29

What is a poker bonus?
Though there are many forms of poker bonus programs i,m going to focus this article
on a few of the more well known bonuses used by online poker rooms casinos and sports
betting sites.

THE SIGNUP BONUS
Signup bonuses

Many online casinos offer signup bonuses to new players making their first deposit.
These bonuses normally match a percentage of the player's deposit with a dollar maximum,
and almost all online casino signup bonuses require a minimum amount of wagering before
allowing a cash out. Gameplay at specific casino games might be excluded from the wagering
requirement calculation.[citation needed]

A fictional signup bonus offer follows as an example:

* The online casino offers new players a deposit matching bonus of 100%, up to $100
* The player must wager 25 times the total amount of the deposit plus the bonus before
withdrawing.For this particular example, this would mean that a player depositing $100
would start with $200 in his account. The player must make $5000 ($200 × 25) in wagers
before being allowed to make a withdrawal.

Some bonuses require no deposit to claim them. Types of no deposit bonuses are called;
NO DEPOSIT BONUSES

* A no deposit in pure monetary form, for example $10.{currently availiable at http://www.feltfanatics.com}
* Free spins no deposit, this is where they allow free spins on particular games,
and then allow you to keep the winnings.
* Play for a predetermine period of time with x amount of dollars.{like the free $500.00
being offerd at http://www.feltfanatics.com}

And finally THE CASHABLE BONUS

The most common form of casino bonuses is the cashable bonus.[citation needed] Cashable bonuses
can be cashed out after completing a wagering requirement. A casino might offer a 100% match
bonus up to $100 with a wagering requirement of $2000. After wagering $2000 in the casino,
the player is able to cash out the $100 bonus.

On games without raises or doubles, the expected loss while completing a wagering requirement
is wagering requirement * house edge. This makes the expected gain of a cashable bonus equal
to bonus - wagering requirement * house edge. House edge is defined in terms of initial bet,
o the above equation does not apply to games with raises and doubles where the final bet size
may be larger than the initial bet. The equation becomes bonus - wagering requirement * average
loss per wager. WizardofOdds.com has proposed calling the latter average loss per wager variable
"element of risk".[1] For a more precise estimate, one must also consider the benefit from being
able to bet the bonus prior to completing the wagering requirement. This effect becomes noticeable
when making large bets, such as betting the full balance (deposit and bonus) in a single bet. After
considering this benefit and "element of risk", the formula for return becomes bonus - average wagering
* element of risk.[2] If games without raises or doubles are played and the bonus is not given until
completing wagering, then the formula can be simplified as bonus - wagering requirement * house edge.
There are also cases where this bonus can be achieved by reaching a certain number of computer points
assigned to the player for the amount of hands or tournaments the player is involved in,usually the higher
the stakes the more points awarded.

Pros and Cons
The pro is that it gives you an edge in both money to wager and the amount of tournaments and games you
can enter.It also gives you the ability to go a longer period of time on your dollar.To further utilize ,
this money you should learn proper bankroll management.
The con is that this boune money is not yours until you reach the set structure,meaning if you deposited
$100.00 and took a bonus offer of 100% and won a big entry tournament with a big prize say for example
$2,500.00 this money may not be withdrawn until you reach the structure your bonus was based on.Learn more
about these ans see some of the very biggest bonuses in the industry at http://www.feltfanatics.com

_________________
FELTFANATICS.com TO BE THE BEST YOU MUST CHALLENGE THE BEST THEY PLAY HERE
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