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BAD BEAT JACKPOT AT MICROGAMING POKER CLIMBS
The Bad Beat Jackpot available on the Microgaming Poker Network has reached $200 000 - up 35 percent on previous records - according to a statement from the company this week.
The BB Jackpot kicks in when hands of Four-of-a-Kind, 8’s or better are beaten offering the player the chance of a Bad Beat payout. To qualify for the Bad Beat jackpot four or more players must be dealt into a hand; the hand must be a raked hand and the jackpot contribution is collected from that hand. The best hand of the winner and the loser must include the hole cards, and the hand must go to a showdown.
The jackpot contribution of 50 cents is only collected once during a hand, and is taken from the pot as the hand is raked. Jackpot contributions are accumulated, with the value displayed in the lobby and on every table until the Jackpot is won. The BB system is applied to specified tables only, and players must be seated at one of these tables and actively participate in the hand to qualify for any payouts.
The percentage payout of the Jackpot is as follows:
* 70 percent is distributed as winnings:
* 50 percent to the losing hand, the Bad Beat
* 25 percent to the winner of the hand
* 25 percent evenly split between the other players who actively participated in the hand
* 20 percent is used to seed the next Jackpot
* 10 percent is used for administration
The Microgaming Poker Network powers over 40 card rooms.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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