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2 Huge Badbeat jackpots Paid Out

The weekend saw over $2 million paid out in online poker badbeat jackpots at just two networks, Merge and Cereus.
On Saturday the Merge network reported that its $1.2 million bad beat jackpot had been won the night before, distributing $417 396 to player Ruggio and $208 698 to a Chicago student working his way through college and playing on the using handle Aelani. Seven players took money away from the pot, which has since been re-generated and is now at over $250 000. The big win took place at the Carbon site.
The Merge badbeat jackpot was introduced in mid-2008, and this is the first occasion on which it has been won. Carbon Poker spokesperson Jay Manning, who revealed that the distribution awarded 35 percent to the biggest loser, 17.5 percent to the winner of the hand, and 17.5 percent among the other players in the hand. The Merge Gaming Network takes 10 percent, and the remaining 20 percent is used to re-seed a fresh jackpot.
At Merge, the jackpot is won when four sevens and beaten by a superior hand, with both the winning and losing hands using both players’ hole cards. If the hand is four of a kind, a player must hold a pocket pair. At least four players must have received cards in the hand, which must have contributed 50 cents or more in rake. The hand has to reach showdown with at least two players.
Over at the Cereus online Poker network, Absolute was the scene for the award of a more than $813 000 bad beat jackpot - the latest in a series of major bad beats paid out on the network.
A 65-year-old online poker player from Pennsylvania using the nickname HDCowboy enjoyed the best loss in his poker career, picking up the 'winners' $264 419 just before Valentine's Day when he lost a Texas Hold'Em hand, with 4 eights to the quad Kings of opposing player RangerXBob, who picked up $132 996. Five other players at the virtual table each received $1,083 in cash. Absolute Poker generously capped the night's largesse by presenting 1 028 other players at the Badbeat Jackpot tables with almost $83 apiece.
Bad Beat Jackpot games are traditional Texas Hold'em poker with an added jackpot component. 50 cents is collected from qualifying poker hands and placed into a progressively increasing pot until a table meets the required criteria for the award and the jackpot is paid out. At Absolute, the criteria is when a player loses a hand with four 8s or anything better.

Gambling News :

$700K worth of Power Series Mega Sats every week - These amazing Power Series Mega Sats hit the partypoker lobby on Sunday 25th March so log in, buy-in and see if you can win one of the near $700,000 worth of tickets on offer this week.

Pinnacle Goes Live With Microgaming Quickfire - Founded in 1998, Pinnacle is a respected industry leader, delivering sports betting, casino and educational betting-related content to customers worldwide.

PokerLion Joins Microgaming Poker Network - PokerLion roars into life on the MPNís Indian Poker Network. Microgaming welcomes PokerLion to the MPNís growing Indian Poker Network.

Danske Spil Bingo Moves to Microgaming - The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.

Quickfire live on Strendus - Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.

$2 Million Added to partypoker Guarantees - Almost $2 Million Added to Guarantees During First Ever Super Sunday

Quickfire content live on BetatHome - Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.

Microgaming has donated £30,000 between four charities - Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.

Entertainment Betting Odds: 90th Academy Awards - The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finlandís all-time poker tournament winners.

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