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19 year old hits Ultimate Bet BadBeat

A 19-year-old Canadian poker novice who signed up for a free UltimateBet account just nine days ago in hopes of emulating youthful big winners in Internet poker like Phil Hellmuth has discovered that losing can be just as lucrative.
 
The unidentified player is the latest recipient of UltimateBet's Bad Beat jackpot, taking home $173 693.20 after losing in Texas Hold'em games at UltimateBet's Bad Beat Jackpot tables.
 
The Canadian lost a hand of Texas Hold'em when his Quad Queens were crushed by RUSTY_1's Royal Flush. At ordinary Texas Hold'em tables, a loss like that would leave even the most hardened poker player feeling devastated. But at Bad Beat Jackpot tables, it's a completely different story.
 
Playing as QUANTOM47, the young Canuck secured $173 693.20 for his loss while RUSTY_1, who dealt the final blow, walked away with $86 796.60.
 
373 other players who either participated in the hand or were seated at a Bad Beat Jackpot table with the same stakes shared in an additional $86 796.60.
 
Bad Beat Jackpot is a traditional Texas Hold'em poker game 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 an online poker player loses a hand with four 8s or anything better, 65 percent of the jackpot is divided among Bad Beat Jackpot players (25 percent remains in the pot for the next jackpot and 10 percent is dedicated towards administrative fees). All players seated at a Bad Beat Jackpot table

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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