[Bobo Fett]

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The PSO Bonus is 1.5k (raked) hands at NL25 (or NL50, but you pay more rake that way), for 12k PSO Points + $10 bonus I believe, or you can carry on another 167 hands for another $10. You don't need to contribute for a hand to be raked, and there is no minimum rake for a hand to count as raked.
So, pretty good IMO

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According to PSO, the hands DO need to be contibuted. However, I also thought I remembered dealt being sufficient...I'm confused. Anyway, that's the potentially bad news.

The good news is your 1500 raked hands is the worst-case scenario. Merge uses a system of "tiers" to determine how many points you get per hand. You need 4500 points, and I believe 3 points is the least you can get. Depending on what limits you play, you can get 5 or 10 points per hand, dropping your requirement even lower. For example, I play 1/2-2/4 fied limit, so I get 5 points per qualifying hand.