Online Poker Players Share $782.378.68 in Two Bad Beat Jackpots
October 30, 2007
You still have to lose a hand with quad 8’s or better but there are a couple things that make Ultimate Bet’s Bad Beat Jackpot different than all the rest. The first is that all poker players playing at the bad beat tables of the limit that hits the jackpot get a piece of the jackpot.
The second is it hit twice within four hours. Ultimate Bet had just announced that their bad beat jackpot was approaching $600,000 and less than 24 hours later, a combined $782.378.68 was won.
The first jackpot occurred around 6:30am when quad eights loss to quad aces at a qualifying Texas Holdem bad beat table. For the loss, the poker player with quad eights got $202,602.98 of the jackpot. $101,301.48 went to the player with quad aces and $2,366.68 each went to the seven other players at the table. There were 62 online poker players sitting at the same limit and at bad beat tables, each of them won $1,366.68.
All the other players would have to wait, but not for long. Less than 4 hours later at around 10:00am, the bad beat jackpot that had built to $158,984.93 was triggered again. This time the poker player losing the hand got $51,670.11 and 182 other players shared in the rest.
Ultimate Bets Bad Beat Jackpot is divided up as follows: 65% goes to the poker players, 25% remains to start the next jackpot and 10% goes to administrative fees.
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