I hit the bad beat jackpot at foxwoods on March !9th for 158,877.00 dollars. Was delt 3,4 of diamonds. Flop came,5,6,8 of diamonds. Next card was 2 of diamonds.
Does the casino give out the bad beat jackpot at a set amount or do they collect from rake to build the jackpot? Generally speaking operators of a poker game will take a drop that is separate from the rake to fund promotions. From this promotion fund they will fund a bad beat Jackpot. They may alternatively fund the jackpot from the rake.
A Bad Beat Jackpot is a promotion in live and online poker whereby extra rake is paid and the rake collected eventually gets awarded to a table where a monster hand happens, usually when we see Quads or better lose. The 'loser' of the hand gets the lion's share, the 'winner' of the hand gets a big prize and everyone at the table gets a piece too.
The Bad Beat Jackpot is back! We are turning your Bad Beat hands into huge jackpots and the great news is that we put up all of the Bad Beat Jackpot money ourselves! No player pots are used for the jackpot. There will be a rolling jackpot on all tables to keep you informed of where the BBJ stands.
The Biggest Bad Beat Jackpot in History. It is unknown who first came up with the idea to run a bad beat jackpot. They kind of appeared and were copied by everyone right away. The insane sums on offer would be displayed in neon lighting hanging from the ceiling, enticing the unsuspecting non-poker player.
Bad Beat Jackpot is triggered when a very good hand is beaten by a better one. The list of the hands that need to be beat in order for the jackpot to be paid can be found in the terms and conditions bellow. To trigger the jackpot at least 3 players must be dealt at the beginning of the hand and you’ll need to use both of your pocket cards for the winning combination. 5% of the rake generated.
The chances of the live bad beat jackpot hitting at your table are 0.00002359% or you can also say 1-42,391 (if you will see the online ratio then you will get to know that it is worse at around 1-192,678). If you analyze the you will see that the ratio of one in 42,391 is really providing you better odds than what you will be getting in reality.
To take part in the Bad Beat Jackpot, simply opt in by clicking the Bad Beat ticker at the bottom right of any qualifying table. Once you have opted in, you will contribute 2 cents per hand towards the jackpot. As long as you are opted in and contributing, you’ll be eligible to win part of the jackpot if it hits.