UltimateBet Awards Half-Million Bad Beat Jackpot

Online poker room UltimateBet has seen its Bad Beat Jackpot steadily climbing at break-neck pace since joining forces with Absolute Poker on the new CEREUS Poker Network. As the Bad Beat Jackpot soared past the $500,000 mark, one exceedingly (un)lucky online poker player has cashed in big!

Just nine days earlier, a 19-year-old poker fan signed up an account with UltimateBet under the username “QUANTOM47”. With dreams of sky-rocketing fortunes, much like that of 11-time WSOP Bracelet winner and UltimateBet staple Phil Hellmuth, “QUANTOM47” took to the virtual felt.

Playing Texas Hold’em tables that qualified for the Bad Beat Jackpot, this young online poker player from Ontario, Canada hit the luckiest of all unlucky hands, bursting the $534,132.92 Bad Beat Jackpot to walk away with a $173,693.20 pay off.

“QUANTOM47” found himself holding an immaculate hand of Quad Queens – a sure fire winner at most any poker game, but not this one. His beautiful ladies faltered when they came up against a sterling Royal Flush, held by “RUSTY_1”.

For winning the incredible hand, “RUSTY_1” also received an enormous chunk of the UltimateBet Bad Beat Jackpot, pocketing $86,796.60 for the amazing win.

Other players at the Bad Beat Jackpot tables at the time of its release also benefitted from QUANTOM47’s extraordinarily bad luck. Everyone participating at a Bad Beat Jackpot table gets their own piece of the pie. There were 373 other participants at the time, including the players at the table where it went down, who got to split their share of another $86,796.60.

Don’t bother getting your calculators out. That’s what us big time news reporters are for 😉

Each of the participants at UltimateBet’s Bad Beat Jackpot tables earned a tidy sum of $232.69 simply for being there when it happened.

If you’re wondering what happened to the other 35% of the Bad Beat Jackpot, 25% ($133,533.23) goes to reseed the next Bad Beat Jackpot, while 10% ($53,413.29) is delivered back to UltimateBet for administrative fees.

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