Regardless of the amount a new member deposits in their real money account, Everest Poker offers a flat, $500 welcome bonus to all first-time depositors. Even online poker players who deposit as little as $10 into their online poker account to get started in the real money online poker games at Everest Poker will receive the $500 Everest Poker bonus.

In order to qualify for the $500 Everest Poker bonus, first download the Everest Poker online poker software, and sign up for a new user account. New members will need to enter the Everest Poker bonus code - WELCOME - in the Bonus section of the online poker software within 2 weeks (14 days) of registering their Everest Poker account. Then, the player will need to make their first deposit into their account.

As players participate in the real money online poker cash games and tournaments at Everest Poker, the $500 Everest Poker bonus will be released into their online poker account. For each Summit Point players obtain for engaging in real money games at Everest Poker, $0.06 of the Everest Poker bonus is transferred into the player's real money account.

Summit Points are applied toward the immediate release of Everest Poker bonus cash upon completion of qualifying tournament play, or standing up from the real money cash game table; i.e., the Everest Poker bonus cash is made available in the player's real money account in increments relative to the points earned in each tournament or cash game session.

The number of Summit Points a player earns for cash game play is dependent upon the number of seats at the table (not the number of players). For every $1 paid in rake, players will obtain 1 Summit Point at a 10-seat table, 1.4 Summit Points at a 6-seat table, and 3.5 points at a heads-up table. Players must be dealt into the hand in order to qualify for Summit Points, regardless of whether or not they place any money into the pot; thus, any players who are "sitting out" will not receive points for that hand.

For every $1 paid in tournament entry fees, players acquire 8 Summit Points. The entry fee is often expressed as a secondary +$ amount next to the buy-in; for example, in a $100+$10 multi-table tournament, $100 goes into the prize pool, and $10 is the entry fee paid to the poker room. A $10 entry fee would earn 80 Summit Points, to be applied toward the release of the player's $500 Everest Poker bonus. Players have 30 days from the time that the bonus is granted to clear as much of the Everest Poker bonus as possible; any pending Everest Poker bonus amount that remains after the 30 day deadline will be forfeited.

In addition to the Everest Poker bonus, players making their first real money deposit at Everest Poker within 30 days of signing up are also credited with a free token entitling them to a seat in the $1,000 New Depositors Freeroll. The new player online poker freeroll is held twice a week, on Mondays and Thursdays at 19:30 GMT.

Within two weeks of registering a new online poker account at Everest Poker, the new player decides to make a deposit into their real money account. First entering the Everest Poker bonus code in the appropriate place, the player transfers $50 from their Moneybookers account to their Everest Poker account. The player is credited with a $500 pending Everest Poker bonus, and a token for entry into the $1,000 New Depositors Freeroll.

The new player participates in the $0.25/$0.50 No Limit Texas Hold'em 6-seat cash games at Everest Poker, earning 1.4 Summit Points for every $1 that Everest Poker rakes from the pots. When the player is finished playing the session, the Summit Points he obtained during the online poker game are applied toward the release of the Everest Poker bonus. Thus, having earned 14 Summit Points during the course of the online poker session, $0.84 of the Everest Poker bonus is instantly transferred into the player's real money account when he leaves the table.

Moving on with his winnings from the cash games, the new player decides to try the $5+$0.50 sit and gos, accumulating 4 Summit Points for each $0.50 entry fee he pays to enter the single table tournaments. For each entry into the $5+$0.50 sit and gos, the player earns $0.03 of the pending Everest Poker bonus upon completion of the tournament. After ten of these single table tournaments, the player will have earned 40 Summit Points, and $0.30 more of the bonus.

If the player manages to earn at least 3333.4 Summit Points within 30 days of qualifying for the Everest Poker bonus, he will clear the entire $500. However, if he does not clear the entire bonus before the deadline, the player will keep the cash he did release from the $500 Everest Poker bonus, and the pending bonus amount will expire.