Online Poker News - UB.com Sees Record Bad Beat
7th of March 2011 - latestpokerbonuses.com
Numbers exceed million dollars
Online poker site UB.com on the Cereus Network claimed a record Bad Beat bonus, with numbers going over a million US$ and counting.
As one of the network pros, Joe Sebok stated this week: “It's an insane amount of money with our Bad Beat Jackpot hitting a million bucks, and a few people are going to make a lot of money in an instant. It's getting to the point where there just isn't anything sensible to say. We are pumped to be in this position, to set this record, and to make some of our players very, very happy."
“The loser in a bad beat hand carrying a million dollar bonus would take home around $325 000, whilst the winner of the hand would pick up a check for $162 500. Other players in action at the bad beat table when the bonus hit would collect $1 000 apiece,” Sebok explained. “Finally, another $162 500 (less the $1 000 to each of the players at the bad beat table) is distributed amongst all players at tables playing the same game type and stakes,“ he concluded.
BBJ hasn't been this high for two years, and back then a player from Pasadena lost a Texas Hold'em hand when the jackpot was at $996 115, which enabled him to take home $320 000 despite the fact that he lost.
Only a small additional charge is required to play at a bad beat jackpot table, which provides them with a chance to qualify for the bonus if they lose a hand with quad eights or anything higher.
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