A lot of sites are attracting new players with appealing First Deposit Bonuses (FDB) – offering 200% up to $1000, but don't be deceived by such high numbers. First Deposit Bonuses (FDB) are interesting for players, but you need to look more into the details to measure that value. Besides the total amount (for example 100% up to $600 on Pokerstars), you need to take into consideration the following 3 factors:
A) How much rake is needed to clear your bonus?
How many hands will you have to play, how much will you have to rake to receive your entire FDB? This is the most important factor. It’s the real value of the promotion. How much of your rake will you manage to get back from your grind? We are talking here about the clearance rate of the bonus.
Example: If your bonus is clearing at 50%, it means that you need to rake $100 dollars in order to redeem $50. Some website are offering bonus clearing at a 10% rate, which means that you need to rake 1K in order to clear a $100 bonus. On others, you will collect $500 for the same amount of rake (50% clearance rate). Websites are usually not displaying this information. Ask us if you need help comparing offers from different sites.
B) How much time do you have to clear it?
When you start clearing a first deposit bonus, don’t forget that your time is limited. On some websites, you have 30 days to clear your bonus; on others, 90 days.
So take into account how much time is given to you to clear the bonus. High bonus amounts require more time to clear them. So if you are playing a small volume on small stakes, make sure you do not deposit too much money.
C) What are the installments of your bonus?
Another important criteria is the way you can redeem your bonus. Most of the sites are redeeming bonus in several installments (pieces).
Once you have cleared one installment, your money will be directly credited to your account, and you will be able to play with it. If a $100 bonus is divided into 5 installments, you will be credited $20 5 times. Please note that a several sites are offering bonuses that are redeemed in a single installment. When this is the case, you have to grind until meeting 100% of the rake requirement before the expiration of your bonus. If you don’t, you won’t get a single a piece of your bonus.
D) Other tips:
– Be aware that some rooms do not allow you to cash out when you clear your bonus.
– Some rooms offer instant bonuses. Example: deposit $20, and receive a free $20. In most cases, you won’t be able to cash out your “free” bonus without playing a certain number of hands.
– Take into account other offers, especially exclusive free rolls for new depositors.
– Some rooms offer reload Bonuses. Don't forget to deposit when u can benefit from one
– Look for a bonus that is easy to clear.
– Make sure you understand the rake requirement.
– Choose a bonus that will give you enough time to redeem it.
– Avoid bonuses that are redeemed in a single installment.
PokerStars Bonus in test
Offer: 100% Bonus up to $600
Rake needed to redeem an $100 bonus: $363
Clearance rate: 27% rakeback
Validity: 120 Days
Additional offers: PokerStars is also offering as alternative a $20 Instant bonus. To receive this bonus ou have to do is a make a real money deposit of at least $20. Your free $20 will be credited within 36 hours. Whichever option you choose, your account will also be credited with a ticket to play the 100K Privilege Freerolls
Bonus codes: For the 100% deposit up to $600 use "STARS600". For the $20 Instant Bonus use "FREE20"
888Poker Bonus in test
Offer: 100% Bonus up to $400
Rake needed to redeem an $100 bonus: $500
Clearance rate: 20% rakeback
Validity: 90 Days
Comments: 888Poker is also offering a $10 Instant bonus. To receive this bonus ou have to do is a make a real money deposit of at least $10. Whichever option you choose, your account will also be credited with tickets to play the First Depositors’ Challenge, the $1,000 Depositors’ Free tournament and seven $500 First Depositors’ Free tournaments
Bonus codes: The 100% Bonus up to $400 doesn't require a specific code. For the $10 Bonus Instant Bonus use "10PLUS".