Ever wanted to know how a typical poker welcome bonus works? We’ll tell you.
At an online Sportsbook or Casino, the house offers a bonus of between say 50% and 150% on your first deposit. If it was 50%, you’d deposit 100AUD and get an extra 50 AUD to play with.
If it was 100%, you’d deposit 50 AUD and they’d give you an extra 50 AUD. Sportsbooks work the same way, except getting a bonus and being able to withdraw a bonus and winnings from it, are two very different things. That’s because of the small matter of wagering requirements. You can’t just get a bonus, make money from betting it and run for the hills. You need to wager it through 40x or 50x before you can withdraw it and that’s not so easy.
Poker welcome bonuses work differently. Here at BetOnline Poker you get an 100% up to 1000 AUD but you don’t get the bonus straight away. Rather, every time you pay 50 AUD in rake, they’ll give you 5 AUD back as a bonus. You have 30 days to play as much as you want/can in order to release that bonus. After the 30 days it disappears into the ether.
So, getting the full bonus amount requires a lot of playing but once the bonus is released, there are no wagering requirements at all, and the bonus is yours to withdraw. Just make sure that you a) don’t ask to withdraw your deposit before the 30 days are up and b) that you send an e-mail at the moment you open your account to the address provided asking for the bonus(es) to be credited. It seems an unnecessary step but that’s just the way it goes.
Freerolls and Other Bonuses
Freerolls are so 2008! We joke of course and freerolls are great but we also like the new concept of Freebuys. These are tournaments that are freerolls in nature- no buy-in required- but can quickly become tournaments where you increase your chances by getting out your wallet. That’s because as soon as you go beneath 1,000 chips, the amount you get to start with, you can re-buy or purchase an add-on by paying for those extra chips.
So, you can enter the tournament at no cost and go all the way or you can boost your chances by purchasing more chips. Check their schedule for when they take place but there are at least four a day and they increase in value as the day goes on. There are also some special ones on weekends.
There are also some Weekly Leaderboards, also known as Cash Races. You opt-in on Sunday night and the more you play at a particular stake level, the more points you get, and the bigger a share of the prize pool you’ll receive at the end of the week. Unsurprisingly, the higher stakes leaderboards are the ones with the biggest prize pools. Our advice if you want to do really well on the Leaderboard is to choose a stake and always play at that stake, rather than at differing amounts.
In addition to cash rewards, those at the top of the Leaderboards can also win tickets to the Sunday Main Event, where the real money is on offer. Again, remember to opt-in by going to the Missions/Contests lobby in the Poker client.