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Poker badbeat Jackpot Over 1 Million Dollars

Posted 3/1/11 : A million dollars for a bad hand can't be....well, bad!
 
A record badbeat bonus is being claimed by online poker site UB.com on the Cereus Network, where the numbers have gone over a million dollars and counting.
 
Joe Sebok, one of the network pros, blogged this week: “It’s an insane amount of money with our Bad Beat Jackpot hitting a million bucks, and a few people are going to make a lot of money in an instant. It's getting to the point where there just isn't anything sensible to say. We are pumped to be in this position, to set this record, and to make some of our players very, very happy."

Get in on the action now.
 
The loser in a bad beat hand carrying a million dollar bonus would take home around $325 000, whilst the winner of the hand would pick up a check for $162 500.  Other players in action at the bad beat table when the bonus hit would collect $1 000 apiece, Sebok explained.  Finally, another $162 500 (less the $1 000 to each of the players at the bad beat table) is distributed amongst all players at tables playing the same game type and stakes.
 
The last time the BBJ reached these levels was two years ago, when on June 8th a player from Pasadena lost a Texas Hold'em hand whilst the jackpot stood at $996 115. He took home an impressive $320 000...for losing!
 
Players elect to play at a bad beat jackpot table for a small additional charge, hoping that if they lose a hand it will be with quad eights or anything higher, thus qualifying for the bonus.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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