Most online poker sites offer a 100% first deposit bonus than you deposit. If you put in $ 500, they match, resulting in a total of $ 1000. This is enough to make many players think about skipping multiple sites and cleaning up. Despite the apparent benefits, this can actually be very dangerous for most novice players. Here is why:
A bonus is awarded to you based on the amount of rake your site receives in games where you receive cards. A poker site usually spends a few cents on a small pot and even a dollar or two on a very large one. Each site has a slightly different formula, but it usually takes much longer than you think. Sometimes they release it in $ 10 increments; other times it is in a lump sum at the end.
To release a $ 200 bonus on a $ 0.25 / $ 0.50 limit game dominoqq (which means the bet on the first two rounds is $ 0.25 and the final two is US $ 0.50), for example, you will need about 30,000 hands, which is a huge amount and requires a ton of play.
The bankroll guideline for Limit Poker is 300 Big Bets. This means that for a $ 0.05 / $ 10 game you will need $ 30. For a $ 0.10 / $ 0.20 game you will need $ 60. Poker No Limit has different requirements. Low risk games are a $ 2 or $ 5 buy-in. You must have at least $ 40 in your balance to play 2NL. This gives you enough money to absorb some losses and still not risk going bankrupt.
You only get a bonus of any amount you deposit, so beginners who want to play these bets will only earn $ 30 to $ 60 in bonus money. Most new players looking for bonuses are greedy to do much more than that. Players can deposit more than they need for the levels, but that would frantically leave them trying to play as much as possible, and their game would suffer.
Beginners really need to play small bets where there are a lot of loose players (like $ 0.05 / $ 0.10 Limit or 2NL). This helps them understand the fundamentals of Texas Holdem essential to any successful player and get a good experience.
But the bonus structure often encourages them to play in higher stakes games where they unlock the bonus faster (like $ 0.50 / $ 1, $ 1 / $ 2 or 25NL). This puts them at stake among experienced players and they risk losing their entire deposit.
I was lucky enough to realize this and deposit a smaller amount to pay for $ 0.25 / $ 0.50 ($ 150). I dropped to $ 0.05 / $ 0.10 and got in a lot of hands, posted to poker forums and read books like Miller’s Small Stakes Holdem, Slanksky and Malmuth. So I played a lot of $ 0.25 / $ 0.50 Limit and unlocked about half of my bonus so far with one month left before it expires.