Like most poker sites, Cake Poker offers new players a matching bonus on their first deposit into a new real money player account. But going one step further, CakePoker also entices new players to join the site with a $500 Freeroll open exclusively to first-timers to the site.
The Cake Poker first deposit bonus currently stands at 110%, which is 10% higher than your average first deposit bonus. The maximum bonus amount currently stands at $600. Then, for an additional shot at some free money, Cake Poker gives all first depositors a ticket into an upcoming New Depositor $500 Freeroll with, just as it sounds, a $500 guaranteed prize pool. This ticket can be used at any New Depositor $500 Freeroll tournament coming up, with these tournaments taking place every Saturday at 2 pm ET.
In order to cash out any money won in a New Depositor Freeroll, Cake Poker requires you earn at least two Gold Chips first. You can earn those chips before the freeroll takes place, however, and that will allow you to cash out winnings from that event as soon as it finishes are your account is credited for your winnings.
As for the 110% First Timers Deposit Bonus, as with all other Cake Poker bonuses, when first earned it is credited to your account as a pending bonus that you are allowed to use for play on the site but not allowed to cash out any of until after you’ve earned 83.33 FPPs (Frequent Player Points) per $5 in bonus money to cash.