50% bonus on profits ?!?

[Benholio]

While I'm not sure this 1-post poster isn't a Code Poker rep sent to advertise their new site, I will go ahead and report on what I found at their website.

1) Code Poker is apparently on the Prima Network.

2) The bonus works as follows: If you play 1500 raked hands during the month of September, you are a "Gold" member. Gold members, for September, get 50% of whatever they added to their account as a bonus, up to $300. The terms do not state if these are contributed raked hands or not.

So, what it breaks down to is a $300 bonus on x raked hands, where x is a number between 1500 and how long it takes you to win $600.

They also have a $50 deposit bonus, but this is counted towards the $300 bonus cap for the September bonus. The deposit bonus clears at the following number of contributed raked hands (min .25 rake):

0.25/0.50 - 1500 contributed raked hands
0.50/1.00 - 750 contributed raked hands
$1/$2 - 500 contributed raked hands
$2/$4 - 375 contributed raked hands


Final Thoughts:

Signup bonus = worthless.
The september "Gold Bonus" will take anywhere from 1500 to 99999 hands to get the maximum value of $300. If you play $2/$4 and win 3bb/100, it will take you ~2500 to make $600 profit in order to maximize the bonus. However, if the raked hands for "Gold Bonus" are contributed raked, it will take much longer than this just to reach the 1500 required. Lets not even think of what happens if you run bad during this period. As an extra kick in the ass, you get little/no bonus for running bad.

What sounded very interesting is quickly revealed to be a poor bonus.