Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Search Our Archive of Gaming Articles 

Bad Bet Jackpot nears $500,000 mark

17 January 2008

MIAMI, Florida -- (PRESS RELEASE) -- If the first two weeks of 2008 are any indication of things to come, online poker players have a lot to look forward to this year. Popular poker room Absolute Poker has already doled out hundreds of thousands of dollars after seeing its Bad Beat Jackpot surpass the $400,000 mark and edge closer and closer to $500,000.

ITALIANMEX put a stop to the jackpot's climb on Sunday, January 13th at 19:23 ET when the online poker player lost a hand of Texas Hold'em at Absolute Poker's Bad Beat Jackpot tables. Losing a five-high straight flush to CWISCHUN's eight-high straight flush, ITALIANMEX immediately set off Absolute Poker's Bad Beat Jackpot bells to the tune of $431,355.46.

For his loss at the table, ITALIANMEX secured $140,190.52. The winner of the hand left the table $70,095.26 richer and three other players who were seated in the hand each took home $17,523.81 in cash.

Absolute Poker is paying online poker players for their losing hands and Texas Hold'em fans from around the world are being drawn to the site for a piece of the next jackpot.

Bad Beat Jackpot is just like regular Texas Hold'em but with a slight twist. If a player loses a Texas Hold'em hand holding four 8s or anything better while seated at a Bad Beat Jackpot table, they'll win a large piece of the Bad Beat Jackpot.

To help the jackpot build, $0.50 is collected from qualifying hands at Bad Beat Jackpot tables. The jackpot keeps growing until someone hits a qualifying bad beat, at which time a large percentage of it is distributed among the bad beat victim and the participants in the online poker hand.

The next player to lose a hand holding four 8s or anything better will win a large piece of the rising jackpot. The participants in the bad beat hand will also share in the winnings.

< Gaming News

Bad Bet Jackpot nears $500,000 mark is republished from