Originally posted on 12/28/2012:
You are correct about it being a cash bonus, that's how I read the offer too. However, you're wrong about a 200% bonus being better than nothing at all. The bonus is -EV. Assuming the BI money is gone, which it is, you're basically doing a 45x RO on anything you deposit.
For a new client, this would be an inexpensive way to try out a new Book. As far as bailouts go, this is horseshiit.