June, 2013 - Lock Poker provides a bonus of 200% up to $4,000 when you use our Lock bonus code THEFUTURE. This means that for each dollar up to an amount of $2,000 you deposit, you will receive $2.00 back for a total maximum bonus amount of $4,000.
The Lock Poker bonus is added to your account in small increments of $5.00 each time you collect 84 VIP Points. Lock Poker VIP Points are awarded for playing in cash games of poker or paying a fee to enter a Sit n Go or multi-table poker tournament.
Players making their first deposit on Lock Poker get 90 days to clear the bonus, which is also very generous compared to bonus programs from other poker rooms. 90 days should be enough for most recreational players to redeem the full amount of the Lock Poker Bonus as the example below shows.
If you are playing cash games of poker, you are awarded 1 VIP Point for every $1.00 collected in rake from the table, divided by the number of players seated around the table. This method of calculating rake is known as “dealt rake” rather than the “contributed rake” system used at most other online poker rooms and it also applies to how much Lock Poker rakeback you receive – so pay attention!
With a Lock Poker deposit of $1,000, you should head to the 200/400 tables ($2.00/$4.00) if following standard bankroll management and buy-in with the maximum $400.00. Lock Poker operates a “no-flop, no-drop” policy, so rake will only be deducted from a hand if the flop is dealt. Typically, you should be able to find a 6-max table at this level which sees 80 rakeable hands per hour with an average pot value of $60.00.
At this level, a total of $240.00 will be deducted in rake per hour and the 240 VIP Points which this equates to are shared equally among the six players sitting at the table (40 VIP Points each - provided none were sitting out). With a bankroll of $1,000, you should be able to open two tables when you start playing at Lock Poker and be receiving 80 VIP Points per hour – just 4 points short of receiving your first $5.00 bonus.
A quick bit of maths would imply that you would have to play for 420 hours to redeem your full Lock Poker bonus – but it is much easier than that. In addition to receiving the 80 VIP Points for 1 hour of play, you would also receive $28.80 rakeback – and within 7 hours of playing, your bankroll would have increased to $1,231 (rakeback and released bonus included) which is enough to open a third table and earn the VIP Points at a 50% faster rate.
After a further 9 hours of playing, a breakeven player would have seen their initial $1,000 deposit increase sufficiently to open a fourth table, and even if you did not go on to open more tables when your bankroll allowed (or increased the stake level you were playing at), you would have to play for less than 200 hours more to redeem a $2,000 Lock Poker bonus.
Having been established by poker players who like their tournaments, Lock Poker makes clearing the bonus just as easy for tournaments players as it is for cash game players. Using the example of a player who has deposited $1,000 in their Lock Poker account, we are actually going to bend the rules of bankroll management just a little to explain how simple it is for poker tournament players to redeem their $2,000 Lock Poker bonus.
Instead of limiting himself to $50.00 tournaments, our player is going to take advantage of the $60.00+ $3.50 6-Max Double or Nothing Sit n Go games. This is because most of the Sit n Go tournaments with a $50.00 buy-in are heads-up hyper-turbos with a small fee for which you will not receive many VIP Points. Our opinion is that a $50.00 heads-up player should be equally adept at 6 player Sit n Gos and should be easily capable of managing sets of two starting every 20 minutes.
With 7 VIP Points being awarded per $1.00 paid in tournament entry fees, our player would collect 147 VIP Points per hour – sufficient to clear the whole Lock Poker Bonus within 229 hours, without having to raise his stake level – practically the same commitment in time as is required from cash game players.
Less than $10.00 per hour might not sound like such a good rate of pay, but this is free money provided for you by Lock Poker. Do not forget the $57.60 you will be earning each hour in rakeback if you are a cash game player, plus what you win - and we have not even mentioned the cash redemption program yet which is worth a further $480.00 for the full amount of points required to clear the Lock Poker bonus.