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[the virtual nuts] It was a £1000 deposit, for a £320 bonus. The trick is, you have a average a bet of 5% of your deposit. So this meant that I had to wager 33K at £50 a pop. The bonus is +EV, but the variance is high due to the min average bet.

Some slightly related from Technorati and Google.

Bad Beat Blog: Please note that if you are looking for the lowest risk boost to your poker bankroll and you are not a gambler (yeah, right) you should give serious consideration to whether or not to try these, they are much higher risk. The previous casinos actually give you extra money that you can have after meeting their wagering requirements. These next three only give you bonuses as "play chips", that is, you can bet with them but you cannot withdraw them. These are known as "sticky bonuses".

Bad Beat Blog: ... I had to wager 8 times the total deposit plus bonus before I could cash out ... You're taking a larger variance risk to increase the speed at which you ...

Gambling Forum - Online Casino Talk - Is there really a strategy?: ... It's not a "no risk wager". It's a bet with very low variance. You are supposed to lose the casino edge anyway, but at a slow rate. ...

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Casino Guide - The Detroit News Online - 05/20/05: That makes a huge difference when it comes to the casino doling out the goodies. Casino comps are generally figured in the following manner. The pit boss (bull) will take your average bet multiplied by hours played, speed of the game and the casino advantage of that game. The final figure, in theory, should equal your loss.

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