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How Do Welcome Deposit Bonuses Work on Online Poker Sites?

Posted on October 31, 2020 | Comments Off on How Do Welcome Deposit Bonuses Work on Online Poker Sites?

It’s no secret that most online poker operators offer all kinds of bonuses for their new and regular players. No matter which platform you choose, you’re likely to be able to claim a welcome deposit bonus.

However, what’s marketed and how these bonuses work in reality are two completely different things. Many new players fall for marketing without reading the additional rules that are essential for getting the best possible experience with the welcome bonus.

So, a typical bonus would look something like this — get 100% up to $500. In other words, when you make a deposit, you’ll get a 100% of that amount in bonuses. If you deposit $200, you’ll get an additional $200 bonus money, but the most you can get is $500.

All USA legal poker platforms market their deposit bonuses this way. They tell you how much money you’ll get as a new user who makes a deposit. But there’s something that they also tell you which isn’t advertised — wagering requirements and expiry dates.

Wagering Requirements

Simply put, when you receive bonus money, you cannot use it right away. That sort of approach wouldn’t be profitable for online gambling platforms. That’s why players need to meet the wagering requirements, meaning they have to wager a certain amount of money before their bonus money can become available for withdrawal.

In most poker sites, the bonus money is “locked,” and small portions are released after players invest a certain amount. For example, a poker site could unlock $1 in bonuses for every $10 you spend on cash games and tournament fees.

The point is that you have to work for your bonus money instead of just receiving it.

Expiry Dates

To make bonuses more challenging, online poker platforms usually add expiry dates, meaning you have a timeframe during which you must unlock as much bonus money as possible.

For example, a bonus can last for two weeks, and after that, the bonus money will go void.

This way, poker platforms want to encourage players to be more active on the site.

All online poker platforms feature bonuses, even the best USA legal poker site — Americas Cardroom. Make sure to read more about it on our site or check out other poker platform featured on our site. Each of them has different bonuses and different rules about them, so please read the T&Cs section before you collect the bonus.

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