• English
• Español
• Deutsch
• Français
• Svenska
• Suomi
• Norsk
• Nederlands
• Italiano
• Português
• Dansk
• Polski
• Čeština
• 日本語
• 汉语语言

Online Poker Players Relish $405,627.79 Payday at UltimateBet

Miami, FL (PRWeb) November 13, 2007 – Hundreds of Texas Hold’em players at UltimateBet have over 400,000 reasons to celebrate this week after a major win at the online poker site’s Bad Beat Jackpot tables.

The latest $405,362.79 jackpot popped on November 11th at 3:38am ET when a player who goes by the name STAKES19 lost a hand of Texas Hold’em holding a Queen-high Straight Flush to TYMAPA’s Ace-high Straight Flush.

Under normal circumstances, a loss like that would leave any Texas Hold’em player in tears. But at UltimateBet’s Bad Beat Jackpot poker tables, the only tears shed are those of joy.

For his loss, STAKES19 immediately secured $131,743 of the jackpot. An additional $65,871.45 went to the winner of the hand and three players seated at the table where the bad beat occurred each took home $1,254.54. What’s more, 244 other online poker players who were seated at Bad Beat Jackpot tables with the same stakes each earned $254.54.

Bad Beat Jackpot is just like traditional Texas Hold’em with an added jackpot component. In addition to rake, $0.50 is collected from qualifying hands and placed into a constantly growing pot until someone pops the jackpot.

When a player loses a hand with four 8s or anything better, 65% of the jackpot is divided among Bad Beat Jackpot players (25% remains in the pot for the next jackpot and 10% is dedicated towards administrative fees). All players seated at a Bad Beat Jackpot table featuring the same limit and game type as where the bad beat occurred also win a piece of the jackpot.

About UltimateBet