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Absolute Poker loser wins

5 July 2007

MIAMI, Florida -- (PRESS RELEASE) -- They say the sting of a bad beat fades over time. One Absolute Poker player, however, hopes the memory of his bad beat lives on forever.

On July 3rd at 02:45 ET, an online poker player who goes by the name of CHAAWUU, lost quad tens to a straight flush playing $2 No Limit Hold'em. Normally, a loss like that would leave even the most hardened player feeling crushed. But because he was seated at one of Absolute Poker's Bad Beat Jackpot tables, CHAAWUU's loss set off the Bad Beat Jackpot bells for the 4th time and netted him $104,050.68 in cash.

"This latest win represents our biggest jackpot yet and we're just getting started," stated David Clainer, senior vice president for Absolute Poker. "We're turning losing hands into cold hard cash and Texas Hold'em players are loving it."

Since the 3rd jackpot was hit on June 26th, online poker players swarmed to Absolute Poker in droves in hopes of hitting a qualifying bad beat and becoming the 4th Bad Beat Jackpot winner. Countless played up to three Texas Hold'em tables at once, driving the jackpot up even faster.

To help the jackpot build, $0.50 is collected from qualifying hands at Bad Beat Jackpot tables. As a result of the game's popularity, the latest jackpot grew by over $2,000 every hour. By early morning on July 3rd, the jackpot had reached $297,287.63.

Absolute Poker is the only online poker site open to American players to feature Bad Beat Jackpot tables. If a player loses a hand holding four 8s or anything better at a Bad Beat Jackpot table, they'll win a piece of the Bad Beat Jackpot. A percentage of the jackpot is shared amongst the players where the bad beat occurred and a fraction of the jackpot is placed back into the pot for the next jackpot. In this case, the 5th jackpot starts out at $59,457.53.

Bad Beat Jackpot tables are noted with the word "jackpot" written in brackets after the table name and are categorized in red text. Read the complete details on Absolute Poker's Bad Beat Jackpot.

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