Online Poker Bonus Hunting

What is Bonus Hunting?

A bonus hunter is someone who hops from site to site discharging initial sign up bonuses. Because the market is so competitive, poker sites will lure players with large incentives. Sign up bonuses are most common. Online players take advantage of all this incentivized money going around, by doing what is called “Bonus Hunting”.

How Much Can I Make? Is Bonus Hunting for Me?

Bonus hunting is for players who usually break even and play low to mid stake poker. Low-to-mid stake poker is the $.25/$.50 - $1/$2 tables. Stakes below this will make releasing your bonuses very tedious and time consuming.

When bonus hunting you won’t have to risk more than $100 at a time, but you will need to deposit more than $100 to get bigger bonuses. Poker bonuses work in percentages. The more you deposit the more bonus money you will get. In order to get the money released, you have to play raked hands at the poker table.

Poker players who bonus hunt get in, and get out. They use their bonus money hoping to either break even, or make a couple bucks at the tables. Their real profit comes from the bonus money they release at the end. So, if you got the patience and desire to make modest amounts of money, then bonus hunting might be something you should try.

First Step – Sign up for Neteller

Neteller is an important phase of bonus hunting. Neteller is an electronic funds handling site. They bypass all the credit card problems that you encounter at most poker sites. If you play online poker you are going to need a Neteller account. It just makes things so much easier and quicker.

To sign up for Neteller go to www.Neteller.com and begin an application. You will be required to sign up with your bank account or credit card information. Don’t worry it’s as safe as can be. They work very similar to paypal if you are familiar with them.

Signing up will take about 15 minutes. When you first open up a Neteller account they require you to verify your banking account. To do this they deposit ten or twenty cents into your savings/checking account, and you verify it by telling them the exact amount. You’ll see what I mean when you register. That part takes pretty long because the small deposits can take up to 3 days to hit your bank account.

Funding your Neteller account is done using three options.

1. By using Credit Cards such as Visa or MasterCard.

2. Electronic Funds Transfer from your bank account.

3. By using the InstaCash option.  This method is extremely quick and deposits hit your account within a couple seconds.  Both option two and three require you to register your bank account. 

Watch the fees

Once you deposit, watch out for the fees. There is a charge for credit card and instacash deposits to your account. Hopefully you will only have to deposit once. Keep plenty of funds in Neteller to avoid their fees. When you move money around from poker room to poker room or cashout, there are NO fees involved.