How To Tell If A Poker Bonus Is Worth It

Some poker bonuses are not worth taking because of the release requirements being too high. Telling if a poker bonus is worth taking and avoiding bonuses that are just a waste of time is a skill and whether you are looking at a poker bonus or poker room or any other bonus on the market for that matter, it is a skill you need to have.

Risk vs. Reward

Risk and reward are two terms that you have likely heard before. These are terms that are used all the time in the world of finance in order to figure out whether a particular proposition is worth taking. The risk is computed and weighed against the reward and if the reward justifies the risk, the proposition is taken. Its a pretty simple system and it is one that we can use in order to determine whether a particular poker bonus is worth taking.

Poker Bonus Risk

There are two elements to the risk part of the equation with poker bonuses. The first is of course the amount of money that you are going to have to put at risk in order to get the poker bonus. If a bonus is 100% up to $100 for example, the monetary risk that you incur is $100, especially if the poker site does not allow you to withdraw your money until you have resolved the bonus situation (this is not true for many sites, but it is true for some).

The second element to poker bonus risk is time. The old expression is that time is money and when you are computing risk for a poker bonus you need to take into account both time and money. Combined, these two quantities represent your total investment into that particular bonus and therefore also represent the risk because they are the things that you can lose in your attempt to secure the poker bonus. Time can be figured out by taking a look at the release requirements for the bonus and then cross-referencing that information with your typical rake generation rates.

Poker Bonus Reward

The reward part of the equation is very easy. All you need for the reward is the actual bonus itself. In the previous example, the reward would be $100, since that $100 represents the bonus. While there may be additional rewards because of playing wins, generally speaking it is best to assume that playing wins and losses cancel out when collecting bonuses.

So give it a try now. Compute the risk and compare it to the reward in order to see if the bonus is truly worth your time.

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