UltimateBet.com, now known as UB, is the main skin of the new CEREUS Poker Network. Online home of poker greats Phil Hellmuth and Annie Duke, UltimateBet serves a large player base. American players are also welcome as UB is one of the US friendly poker sites online today. UB had come under scrutiny over the last couple of years for lax security and bad customer support but has promised to upgrade all components of the site since their union with the CEREUS network.
If you are looking for a large poker bonus, your search ends here because the UB Bonus is very generous. With a huge 111% return on all initial deposits for a maximum of $1100, UB presents a great bonus for new customers. The only thing you have to do is type in the UB referral code of FTR111 as soon as you make your beginning poker deposit. However, it's first important to understand the procedures behind the way you will get your UB bonus.
Let's start with the simple info. Your first step is to, of course, make a UB download. As soon as you've done that, proceed to the cashier. When you make your first ever real-cash deposit, UB.com gives you bonus dollars equal to 111% of the currency you deposited, up to $1100. These additional funds are not yet let go. In order to use your additional dollars, you need to acquire Status Points. This will need to be done by playing poker hands in real money games, whether it be cash or MTT poker.
Now for the nitty gritty of the UB bonus clearing. For every 20 Status Points you acquire, $1 of your extra currency is released. Any time you get 100 status points, you get a deposit of $5 placed in your account. If you make a first deposit of $1000 (and thus receive $1100 bonus dollars), you need to earn 22,000 status points to free the full $1100. Be careful though: you are only allowed 60 days to earn all of your additional dollars before you lose the ones that remain unreleased.
So how do you get Status Points? For tourneys, you win one status point for each $0.30 of entry fee (so in a $30+3 tournament, you'd win 10 status points). For ring games, you receive Status Points depending on the stakes you play. This is the chart they use to decide your Status Points:
No Limit
$0.01/0.02 - 1 point apiece per 15 hands
$0.02/0.04 - 1 point for every 10 hands
$0.05/0.10 - 1 point per 10 hands
$0.10/0.25 - 1 point for every 5 hands
$0.25/0.50 - 1 point apiece per 3 hands
$0.50/1.00 - 1 point for each 2 hands
$1.00/2.00 - 1 point apiece per hand
$2.00/4.00 through $5.00/10.00 - 1.5 points per hand
$10.00/20.00 and higher - 2 points per hand
Limit
$0.01/0.02 - 1 point for each 20 hands
$0.02/0.04 - 1 point for every 20 hands
$0.05/0.10 - 1 point per 15 hands
$0.10/0.20 - 1 point per 15 hands
$0.25/0.50 - 1 point for every 10 hands
$0.50/1.00 - 1 point per 5 hands
$1.00/2.00 - 1 point apiece per 2 hands
$2.00/4.00 - 1 point per hand
$3.00/6.00 - 1.5 points per hand
$4.00/8.00 and up - 2 points for every hand
So, for example, you'd have to play 22,000 hands of $1.00/2.00 no-limit poker within 60 days in order to clear the total $1100 bonus. If you're playing lower stakes like $0.10/0.25, you'd be required to see 110,000 hands. If you think that this is something for you, then UB Poker clearly proposes a good bonus option for you. The good news is that because you get the cash in $5 increments, you can deposit any amount you would like and not really have to worry that you won't be able to clear the entire bonus. You perhaps won't earn the maximum value, but a little free money is always better than nothing.
I will end with a word of caution: especially for the beginner player, the temptation to attempt to clear this bonus quicker by playing higher stakes is always there. Always follow bankroll management! At small stakes the UB bonus can be tedious to grind out, but trying to gamble higher than your bankroll can handle will probably hurt you more than it will benefit you in the end.
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