Seems that Ultimate Bet has jumped on the 100% deposit bonus wagon like a number of other sites, and are offering the following to new/existing players: New Players:
100% deposit bonus, up to $650 in bonus dollars
Existing Players:
100% reload bonus, to to $250 in bonus dollars
And what are bonus dollars, you may ask? Well, according to their website:
Unless otherwise specified, bonuses are credited to player accounts as Bonus Dollars. Bonus dollars can be converted to real money just by playing on our site. For every 10 UltimatePoints™ you earn at our Raked Ring Game tables your account will be credited with $1 from your bonus dollars, which you can then play or withdraw. For every 30 UltimatePoints™ you earn in our Sit 'n Gos and Tournaments your account will be credited with $1 from your bonus dollars, which you can then play or withdraw.
I'm not sure how long this promotion is running, but you can get the full details at UltimateBet's website via the 'read' link below.







1. For the mathematically disinclined, the bonus is equivalent to a 20% rebate of tournament fees and about a 20x raked hand clearance rate for $2/$4 limit and above. It's probably a bit more like 25x at $1/$2 limit. It would take a while to clear the whole $650, though it appears there is no expiration date.
I will give UB credit for coming up with one of the more confusing bonus systems I've seen in quite a while. 10UP's per $1 bonus, but you can only earn 0.5UP per hand. Who thinks like this?
Kudos, though, for staying in the US market.
Posted at 3:28PM on Oct 20th 2006 by Patch