$1,000 Flat Bonus
All new players signing up at 32red Poker will receive a flat $1,000 bonus. This means that all you need to do is make a minimum deposit of $10 (or €10/£10) and you can earn up to $1,000. You don’t need to make a huge deposit to earn a huge bonus.
Since this is a flat bonus, you can earn up to $1,000 on a minimum deposit. Simply collect Redbacks (32red’s player points) and the more you earn, the larger your bonus will be.
Earning Redbacks to Clear the Bonus
You have 30 days from your deposit to earn as many Redbacks as you can. The image below shows how many Redbacks you need to earn partial amounts, or the full $1,000.
Clearing Rates & Bonus Cashback
The rate at which Redbacks are earned are 30 Redbacks for every $1 in rake or tournament fees paid. So to break down that down, 320,000 Redbacks requires $10,666.67 in rake paid. This is an enormous amount and very difficult to clear the full amount. Fortunately, the lower amounts are much more obtainable. For example, for a $200 bonus, 50,000 Redbacks requires $1,666.67 in rake generated. This can be done even at the lower levels.
Breaking down the bonus, overall it’s worth about 9.37% cashback. This is on the lower end. However, keep in mind that all players also receive 30% rakeback, which increases this amount dramatically.
Redbacks can also be converted to real cash. Each Redback collected is worth $0.01 (1 cent) and can be converted once you hit 1,000 for $10. This comes out to 30% rakeback. The best part about this is it never expires – you get 30% rakeback for life!