Online Poker Bonuses - Beginners Beware
De CidesaWiki
Most poker online sites give a first-deposit bonus of 100% of whatever you decide and deposit. If you put in $500, they match it, giving you $1000 total. This is enough to generate a lot of players consider jumping around several sites and taking care of. Despite the apparent benefits, this may be very dangerous for many beginning players. Here's why:
A bonus is awarded for you using the volume of rake taken with the site in the games that you are dealt cards. A poker site in most cases remove five cents in a small pot and capsa susun up to a dollar or two really large one. Each site includes a slightly different formula, but also in general it will require considerably longer than you could possibly assume. Sometimes they release it in $10 increments; maybe it's in a one time payment towards the end.
To clear a $200 bonus playing in the $0.25/$0.50 Limit game (meaning the bet in the first two rounds is $0.25 and inside the final two rounds it's $0.50) for example, you'd need about 30,000 hands, the large amount and needs a TON of playing.
The bankroll guideline for Limit poker is 300 Big Bets. That means that for a $.05/$.10 game, you'd need $30. For a $0.10/$0.20 game, you'd need $60. No Limit poker has different requirements. Low stakes games can be a $2 or $5 buy in. You should have no less than $40 inside your bankroll to try out 2NL. This gives you sufficient money to absorb some losses and still not risk going broke.
You only have a bonus of whatever amount you deposit, so beginners wishing to try out these stakes would only earn $30-$60 of bonus money. Most bonus-hunting new players are greedy to produce considerably more than that. Players could deposit a lot more than they desire for the levels, but that will leave them frantically trying to try out whenever you can, and their game would suffer.
Beginners need to be playing in the small stakes high are numerous loose players (like $0.05/$0.10 Limit or 2NL). This helps them nail around the fundamentals of Texas Holdem which can be important for any successful player and obtain some really good experience.
But the structure in the bonuses often entices them to experience at higher stakes games where they unlock the bonus faster (like $0.50/$1, $1/$2 or 25NL). This puts them in way over their heads among experienced players and they also risk losing their deposit.
I was fortunate enough to realize this and deposit a lesser amount of to get me bankrolled for $0.25/$0.50 ($150). I dropped down to $0.05/$0.10 and logged a lots of hands, posted on poker forums and read books like Small Stakes Holdem by Miller, Slanksky, and Malmuth. Then I played a bunch of $0.25/$0.50 Limit and I've unlocked about half of my bonus to date with a month left before it expires.
While I might not get the entire $150 as it unlocks pretty slowly, it is a far better scenario than playing away from my comfortable zone. Plus I've learned many gotten better at poker inside meantime.