Betfred Poker offers a 100% up to $600 matching bonus on first
deposits. You don't need to use aBetfred promotion code to claim this offer. Simply use the links on this page. For example, if you make an initial deposit of $300
after you joined using our links, you will receive $300 bonus dollars. In order to convert the bonus dollars
into real dollars you must earn VIP points by playing in Betfred tournaments and cash games. Each VIP point
you earn is worth $0.02 towards converting your bonus.
For every $1 you pay in tournament fees at Betfred Poker you earn 15 VIP points. For example,
if you play a $5 + $0.50 tournament you will earn 7.5 VIP points. The amount of VIP points you earn per $1
increases as you raise your VIP level, but since we are looking at clearing the sign up bonus you will be
at the first VIP level which earns 15 points per $1 paid. Since each VIP points converts $0.02 of your
bonus and you earn 15 points per $1 paid in tournament fees, this means that your bonus clears at a rate of
$0.30 per $1 paid in tournament fees. This ratio is slightly worse than some other rooms such as Full Tilt
Poker, but is better than other iPoker network rooms like Paddy Power Poker and CD Poker.
In cash games you earn VIP points depending on the
amount of rake taken from each hand. The amount varies from 0.25 VIP points for rakes below $0.10 and up
to 10 VIP points for rakes above $3. A $1 rake would earn you 1.5 VIP points. No matter how many players
are at the cash game table every player receives the same amount of VIP points. For this reason it is
smarter to play 10-handed cash games than 6-handed ones because there are more total VIP points awarded for
the same amount of rake. Cash games and tournaments clear at basically the same rate at Betfred Poker.
For example, say a 10-handed cash game table raked $1 and 1.5 VIP points was awarded to every player. This
means that each player on average contributed $0.10 to the rake and earned 1.5 VIP points, which is
equivalent to clearing $0.03 of the bonus. This $0.30 per $1 rate is the same as in the tournaments.
Your bonus dollars are converted into real dollars at $10 intervals, every time you earn 500
VIP points. You are given 90 days to clear the bonus and any amount that you aren’t able to clear in that time will be lost.
Betfred’s initial deposit bonus is very fair and is probably around average in the industry.
Both the 100% matching percentage and the $600 maximum amount are fairly average. Also, the bonus clearing
at a rate of $0.30 per $1 paid to the house is pretty average as well. Betfred’s bonus is solid and should
be taken advantage of if you have the opportunity.