UltimateBet Spreads the Wealth with Bad Beat Jackpot Launch.
In a nutshell, Bad Beat Jackpot is just like traditional Texas Hold’em Poker 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 hits the jackpot.
Now, online poker players don’t have to be sitting at the table where the bad beat occurred to share in the prize money. That’s because all poker players seated at a Bad Beat table featuring the same limit and game type as where the bad beat occurred will walk away from their table with cash. For example, if the jackpot was hit at a 2/4 No Limit Hold’em poker table, all players playing 2/4 No Limit Hold’em Bad Beat Jackpot will share in the prize money.
When a poker player loses a hand with four 8s or anything better, 65% of the jackpot will be divided between Bad Beat Jackpot players (25% remains in the pot for the next jackpot and 10% is dedicated towards administrative fees).
