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$32 MILLION PAID OUT IN BADBEAT JACKPOTS
Sometimes it pays to lose, notably when the poker player is in action online at a badbeat jackpot table. The advantages of losing were illustrated this week when the Cereus Poker Network, home to Tokwiro Enterprises' online poker sites Absolute Poker and UltimateBet revealed that over $32 million in badbeat jackpots have been paid out since the system was introduced in 2007.
15 002 players took advantage of the offer to play at badbeat jackpot tables, with the latest loser who won $132 888.80 listed as "Hiplo"....lucky enough to be unlucky at the end of January by losing a hand of Texas Hold 'Em holding four nines whilst playing at Absolute Poker.
Bad Beat Jackpot is like regular Texas Hold'em but with a slight twist. When seated at a Bad Beat Jackpot table, if a player loses a hand holding four 8s or anything better, they'll win a large piece of the Bad Beat Jackpot.
To help the jackpot build, 50 cents 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 online poker hand. The next player to lose a hand holding four 8s or anything better will win a large piece of the new jackpot. The participants in the bad beat hand also share in the jackpot.
Absolute Poker introduced Bad Beat Jackpot to its lineup of online poker games on June 22nd, 2007. UltimateBet followed with its own offering just a few months later.The Bad Beat Jackpot data released this week by Cereus reveals the following numbers:
* $32 665 751.03- The total value of Bad Beat Jackpot payouts at both Absolute Poker and UltimateBet
* $1 605 573.30 - The total Bad Beat Jackpot winnings handed out so far in 2009
* $ 16 435 623.88 - The amount of money handed out to the recipients of bad beats
* $ 8 272 211.92 - The amount of money won by hand winners of qualifying bad beats
* $ 7 957 915.23 - The amount of Bad Beat Jackpot money shared by players seated at the table where the bad beats occurred or at tables with the same stakes
* $325 212.40 - The single highest Bad Beat Jackpot payout to a single player on the Cereus poker network
* 15 002 - The total number of players paid at both online poker sites to date
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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