True Poker Bonus
True Poker's deposit bonus offer is 100% up to $1,000. No bonus code is required after downloading the software client. The bonus is equivalent to 20% extra rakeback in cash games or tournaments, for a combined 41.6% rakeback overall after deductions.
The True Poker bonus releases in instalments of $1 for every $5 you rake, in any type of cash games (6-Max or Full Ring) or tournaments - track this in the in-client cashier. $5 in rake or MTT / SNG fees equals 27.5 Award Points.
Players have 60 days to clear as much of their 100% up to $1,000 bonus as they can. The full $1,000 can be earned by players depositing $1,000 or more, a player depositing $500 would earn a $500 bonus, and so on.
New players at True Poker can also play in four exclusive $250 Depositor Freerolls.
Rakeback payments are calculated using the following formula:
[(Ring Rake + Tournament Fees) - (Bonus Earned out)] * 27%
During the bonus period your effective rakeback sums to 41.6%. For example:
- Player A deposits $1,000, qualifying for a $1,000 bonus
- He rakes $5,000 within 60 days to clear the full $1,000
- Without a bonus this would earn him $5,000 * 27% = $1,350 in rakeback
- With the bonus, after deductions he is determined to have raked $4,000
- This qualifies him for $4,000 * 27% = $1,080 in rakeback
- $1,080 + $1,000 in bonus cash = $2,080
- $2,080 / $5,000 = 41.6% effective rakeback
After the bonus clearing period he continues to earn rakeback at a rate of 27%, paid out on demand.
Another US facing room offering rakeback is Juicy Stakes on the Revolution Network, with 36% rakeback.
For example the Winning Millions Bonus is a 100% up to $1,000 reload offer available at the time of writing (Nov 17 - Dec 31, 2014) and is identical in clearing requirements to the welcome bonus - essentially a second deposit bonus to reward existing players.