BetOnline Poker, which runs on the Chico Poker Network, has announced a new player welcome bonus of 200 percent up to $5000 on initial deposits, indicating its plans to become one of the most popular of US friendly online poker rooms.
BetOnline Poker had previously captured the attention of US players by offering them “PromoBucks” besides offering its sports betting customers a lifetime bonus program of 25 percent on all qualifying deposits. Having realized the need for a poker-only bonus to popularize its poker offering among US online poker players, the company has decided to offer a first depositors’ cash match bonus of 200 percent up to $5000.
The bonus money will be credited into players’ accounts as per the “progressive” method adopted at Bovada Poker. This means that more effort is required on the part of players to clear each progressive increment, but BetOnline is giving players plenty of time.
To explain the bonus structure at BetOnline Poker further, BetOnline Poker will release the bonus amount into players’ accounts in five stages as and when players collect the required Player Option Points (POPs) through real money cash game and online poker tournament play.
BetOnline Poker will credit the first 5 percent of the bonus amount as soon as players pay 25 percent of their deposit amount in tournament entrance fees or rake. For instance, a player who deposited $1k and received a bonus of $2k will receive the first $100 of his/her bonus when he/she has spent $250 in playing online poker tournaments and cash games at the online poker room.
Players will receive 10 percent of their bonus amounts after paying 75 percent of their deposit amount in tournament fees or cash game rake. A player who deposited $1k will have to earn 5000 POPs to clear 10 percent of his/her bonus.
Likewise, paying 175 percent of the deposit amount will clear 25 percent of the bonus while paying 330 percent of the deposit amount will release another 25 percent of the bonus. The last 35 percent of the bonus will be paid after players spend 580 percent of their deposit amount on real money poker games at BetOnline Poker. The online poker room gives players 120 days from the date of first deposit to clear their entire bonus amount.
Online poker players at BetOnline can earn POPs faster by taking part in POP freerolls with guaranteed prizes of 2000 POP Points.