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et me take you through an example of a deposit bonus I recently completed at Hollywood Poker. It�s the largest deposit bonus I�ve ever attempted to complete but it was ultimately very worthwhile. Although the numbers involved seem large the same principles apply to smaller deposit bonuses.
I took advantage of the largest deposit bonus Hollywood Poker offer which is their Professional Player Bonus. You have to deposit a minimum of $500 to qualify but you are entitled to a $5000 bonus. The bonus also includes an iPod Shuffle and a $300 + $20 �Big Deal Ticket� if you complete the deposit bonus in full. With an iPod Shuffle retailing for about $80 I was set to receive a bonus worth $5400 if I could complete it within the 60 days it was valid.

The deposit bonus was released in very large increments of $1250. Each increment of $1250 would require me to earn 10,000 Player Points. This meant for every 8 Player Points I generated I would unlock a dollar of my bonus. 

At
Hollywood Poker you get 5 Player Points for every dollar in rake you pay. For example, if you played a $20 + $2 tournament you would receive 10 Player Points. As 8 Player Points are worth $1, for each dollar you pay in rake, you are earning 62.5 cents of the deposit bonus. Another way of looking at this is that you are getting a 62.5% discount on the rake you pay.

The games I intended to play were $100 sit �n go�s. The entry fee for these tournaments is $8 meaning I would earn 40 Player Points each time I played. 40 Player Points is equivalent to $5 in bonus, so essentially I was only going to be paying a $3 entry fee for these tournaments. This is a massive difference and had a huge affect on my earnings as I shall explain.

To unlock the deposit bonus in full I would need to earn 40,000 Player Points. Each sit �n go would earn me 40 Player Points so I needed to play 1000 of them.

I play 5 or 6 sit �n go�s at a time and play for a minimum of 5 hours a day.
Hollywood Poker is on the Ongame network which is a large network. It is nearly always busy and I felt that if I played during peak hours I could comfortably average 25 games a day. This meant that playing 1000 games would take me about 40 days and at least 200 hours. I had 60 days to complete the deposit bonus so I felt confident that I could complete the bonus in time.

I became a new player at
Hollywood Poker, and deposited $2000 onto my account. This would allow me to buy into the $108 sit �n go�s 18 times (if I failed to make it into the money). I was prepared to deposit more than the $2000 if I needed but that was unnecessary as I got off to a great start and never dropped below $1800 in my account. It took me 38 days and around 250 hours to earn 10,000 Player Points and thus the $5400 bonus. Here are my results (excluding the deposit bonus):




In total I staked $108,000 ($108 x 1000). I won $120,968 leaving me a total profit of $12,968. This gave me a return on investment (ROI) of 12.01%. This meant that I earnt $12.01 for every $100 I staked.

It took me about 250 hours to play 1000 games which meant my hourly wage was $51.87. I also had an average profit of $12.97 for every game I played.

Here are my results (including the deposit bonus of $5400):




The effect the deposit bonus of $5400 had is dramatic. It increased my profits by 41.8% from $12,968 to $18,388. It also took my hourly wage from $51.87 to $73.55.

This is why deposit bonuses are so important to my earnings - and why they should be important to you! Wouldn�t you like to get a pay rise of $22 or 41.8% per hour?

I can�t stress enough how important these deposit bonuses are. Whenever I play online poker and I�m not earning any form of bonus, I am losing money. The
Hollywood Poker example shows this clearly. If I had been playing poker at an online poker room where I wasn�t earning a deposit bonus I would have earnt $5400 less, making my hourly wage $22 less!

How does this affect you?

Well, you may not play professionally, but you still need to take deposit bonuses seriously. They increased my profits, in the example above, by 41.8%. So taking part in a deposit bonus (even if you�re only earning $50) can have a major impact on your profits too.
An Example of a Deposit Bonus I completed at Hollywood Poker

Games

Staked

Won

Profit

ROI

Avg. Profit

1000

$108,000

$120,968

$12,968

12.01%

$12.97

Games

Staked

Won

Profit + Bonus

ROI

Avg. Profit

1000

$108,000

$120,968

$18,388

17.03%

$18.39

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