This is not a "no risk" bonus.

You deposit $500, and they give you a $50 bonus right away.

You'll need to get 150 Bodog points before you withdraw ANY AMOUNT or they take the $50 back.

So, for example, you lose $75 and decide to withdraw before gaining the 150 points to clear the bonus. You would only be able to withdraw $425 (deposit minus how much you lost).

The $50 would disappear into thin air (it does not stay in your account if you withdraw).

They do this to keep some enterprising fellow from depositing a large amount, withdrawing it, and then dumping the bonus money to his buddy.