Casino News

Two jackpots totaling over $782,000 popped within a span of four hours at popular online poker site UltimateBet.com.

Miami, FL (PRWEB) October 30, 2007 -- Less than one day after reporting that its Bad Beat Jackpot was quickly approaching $600,000, UltimateBet today announced that two online poker players popped the Texas Hold'em site's jackpot-based game within a span of four hours. Combined, the two poker jackpots amount to $782.378.68.

The first $623,393.75 poker jackpot was hit on October 25th at 6:29am ET when a player with the moniker ITALIC lost a hand of Texas Hold'em holding four 8s to SMITH76's four Aces.

For his loss, ITALIC immediately secured $202,602.98 of the jackpot. An additional $101,301.48 went to the winner of the hand and seven players seated at the table where the bad beat occurred each earned $2,366.68. What's more, 62 other online poker players who were seated at Bad Beat Jackpot tables with the same stakes each took home $1,366.68.

Online poker players who weren't fortunate enough to share in the wealth of the 6:29am hit didn't have to wait long to be showered with jackpot gold.

At 10:12am ET, less than four hours after the first hit, UltimateBet's Bad Beat Jackpot had climbed to $158,984.93 before exploding once more. 182 players split $103,340.21 in cash with HOSSDOG556, the hand loser, claiming $51,670.11 of it.

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 poker hands and placed into a constantly growing pot until someone hits the jackpot.

When a player loses a poker 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). What's more, all players seated at a Bad Beat Jackpot table featuring the same limit and poker game type as where the bad beat occurred win a piece of the jackpot.

UltimateBet's Bad Beat Jackpot tables are categorized in red text in the game lobby. Full details on UltimateBet's new Bad Beat Jackpot poker game can be found at www.ultimatebet.com.

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