110% bonus at poker host?

I just got this from an email.

110% bonus up to $500.00
The 110% bonus is only applicable to initial deposits. The bonus money will be credited in PokerBucks.

PokerBucks are promotional dollars that get converted into real money as you play.

PokerBucks do not appear in your real money balance. They are deposited in a separate balance. This balance is viewable by the player at anytime in the cashier under the title Unreleased Bonus Awards. PokerBucks are released into the player's real money account in $5 increments. Every time you contribute to rake at any real money table, 50% of your rake contribution will go towards releasing your PokerBucks into your real money account. Each time your rake contribution reaches $5, you can release this $5 into your real money account.

In order to withdraw, players must meet all requirements. Bonus money cannot be withdrawn until it is converted into real money. If at anytime your balance goes to zero, you will not lose your remaining bonus money. You may at anytime make a deposit and continue converting your PokerBucks into real money. To keep your PokerBucks account balance active you must play at least 100 raked hands per month.


anyone have any experince with these guys?