Bad Beat Jackpot at UltimateBet Soars to $500,000

Tuesday, February 10, 2009 - Just in time for Valentine’s Day, players at UltimateBet are falling “head over heels” for the Bad Beat Jackpot as it swells to over $500,000 as of 12:00 midnight EST on Tuesday evening.

Online poker players are flocking to the online poker site in hopes of cashing in on the growing prize pool, which could hit $1 million by this weekend. Thanks to a significantly expanded player base, the Bad Beat Jackpot has already climbed to over $500,000 since it last struck on February 4th, when DOOSA777 pocketed $101,956.97 for the heartache of having his four Jacks cracked.

“With nearly half-a-million-dollars ready to be won, we’re gearing up to make one losing player’s Valentine’s weekend a cashed up occasion,” stated Annie Duke, UltimateBet's Cardroom Consultant. “We’re sharing the ‘love’ around yet again with our current Bad Beat Jackpot, and at UB, we’re poised to award hundreds of online players with a share of hundreds of thousands of dollars in jackpot money.”

Bad Beat Jackpot games are traditional Texas Hold'em poker with an added jackpot component. $0.50 is collected from qualifying poker hands and placed into a constantly growing pot until someone hits the jackpot.

When an online poker player loses a hand with four 8s or anything better, 65% of the jackpot is divided among Bad Beat Jackpot players with a large portion of the remaining pot held over for the next jackpot. 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.

Sky-high Bad Beat Jackpots aren't uncommon--players at UltimateBet have witnessed a number of mammoth jackpots near the million-dollar mark--but with CEREUS, Texas Hold'em players can look forward to much larger jackpots, more often.

So far in 2009, the total Bad Beat Jackpot winnings handed out at UltimateBet is $1, 807,916.03. When the next Bad Beat Jackpot hits, this figure will break the $2 million mark.

Full details on UltimateBet’s Bad Beat Jackpot game can be found at ultimatebet.com.

About UltimateBet

Designed with the assistance of the best poker players in the world - Phil Hellmuth and Annie Duke – UltimateBet provides the best poker games available on the net. Players can download the free poker software, play in free ring games and tournaments and get tips from these pros to learn the sport or to enhance their playing strategy. UltimateBet currently has over 2 million registered players