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WSOP welcome bonuses explained
Here are the generous welcome bonuses offered by WSOP explained in greater detail:
No Deposit Signup Bonus
You don’t need to deposit to get started on WSOP online. Some online poker sites have no deposit bonus that you should take advantage of. Just sign up for your first account using our links and bonus code, and you’ll receive $10 absolutely free to get you started.
WSOP first deposit bonus
The minimum qualifying deposit to receive a bonus is $10. WSOP matches your deposit with a bonus of equal value. There is a maximum bonus of $1,000. You can deposit more than $1,000, but your bonus will only apply to the first $1,000.
Free money like this must have a catch! And indeed there is one. The money isn’t placed in your account immediately. You have to play real money poker before you get it.
At WSOP tables, you earn Action Player Points (APP) for your play. The points are based on the tournament fees you pay, or the rake at cash game tables. WSOP makes its revenues by charging for hosting the games. In tournaments, it adds a few percent to the buy-in. In cash games, it takes a few percent of each pot where there is a flop.
WSOP tracks the revenue you pay and awards you points for each dollar paid. WSOP explains it thus:
“In ring games, 2 APPs are awarded for every $1 in rake collected at the table. You’ll receive APPs based on your contributed portion of the rake for each hand played. Fractional APPs are awarded in the hundredths. In tournaments, you’ll receive 2 APPs for each $1 in fees paid. Fractional APPs will be awarded in the hundredths.”
Your first deposit poker bonus is released in $5 chunks. To release each $5, you must earn 50 APPs.
Wsop Poker Online
Example first time deposit bonus
- Deposit $1000
- Receive 200 payments of $5 into your account
- Each $5 goes directly to your account every time you earn a total of 50 APPs.
- To earn 50 APPs you must pay $25 in rake at cash games or in tournament fees.
To put it another way, the first deposit bonus repays you 20% of the fees you pay to play online poker.
The full amount of the bonus must be cleared within 90 days. Each bonus payment is credited to your account within 72 hours according to the terms and conditions—in practice bonuses are credited almost immediately.
WSOP $100 Daily Welcome Freerolls
In addition to the other bonuses, WSOP offers all new players free tickets to seven freeroll tournaments. Freeroll means you pay nothing to play, but there is real prize money to be won. In this case, that means there is $100 credited to the prize pool by WSOP.
Wsop Poker Chips
The freerolls run at 10 p.m. every night of the week and are restricted to new players. These events generally have small fields, so it is easier to win a bit extra to add to your new poker bankroll.
Note that tournament tickets can’t be kept for future freerolls. You get seven and must use them or lose them in the first seven days after you make a deposit.