Record badbeat jackpot reported

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ABSOLUTE'S BADBEAT JACKPOT OF $821 670 WON

Aussie poker player gets the best of a bad beat

Absolute Poker.com's record breaking badbeat jackpot of $821 670 and change was won by an Australian player and other participants in a Texas Hold 'Em hand Wednesday - a payout worthy of a major progressive slot. Previous bad beat jackpots - for example the $739 621 bonanza paid out by Party Poker - have been eclipsed by the current win.

In poker, the term bad beat refers to losing a hand that is clearly favoured to win. Normally, such a loss can leave even the most hardened poker player feeling depressed by what might have been. But the advent of bad beat jackpots has meant that bad luck can turn out to be good luck.

When seated at a Bad Beat Jackpot table at Absolute Poker, if a player loses a Texas Holdem hand holding four 8s or anything better, he or she win the major portion of the Bad Beat Jackpot, and that's what happened to the Australian on Wednesday.

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 amongst the bad beat victim and the participants in the hand.

The latest bad beat happened on August 29th at 08:43 ET when KADI, an online poker player from Australia, lost a 10-high Straight Flush to a King-high Straight Flush. Seated at one of Absolute Pokers Bad Beat Jackpot tables, KADIs losing hand netted her $267 042.97 in cash. The pot winner walked away with $133 521.48 and the participants in the hand each earned $33 380.37.

The jackpot has been reset and currently sits at $215 000. With $0.50 collected from each qualifying hand at designated Bad Beat Jackpot tables, that number is growing by an average of $2 000 per hour, says Absolute Poker executive David Clainer.
 
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