Absolute Poker today announced the launch of Bad Beat Jackpot – a new spin on Texas Hold'em that lets players walk away with a hefty profit after hitting a ‘bad beat' at the online poker tables.
"We're taking away the pain delivered by bad beats by throwing money at their victims," stated David Clainer, senior vice president for Absolute Poker. "Who knew losing big could feel so good?"
In poker, the term ‘bad beat‘ refers to losing a hand that is clearly favored to win. But at the Bad Beat Jackpot tables, losing a seemingly unbeatable hand just got more lucrative.
Now, when seated at a Bad Beat Jackpot table, if a player loses a hand holding four twos (2222) or anything better, they'll win a piece of the Bad Beat Jackpot.
To kick off the new online poker game, Absolute Poker is putting $100,000 into the jackpot. To help it build, $0.50 will be collected from qualifying hands at Bad Beat Jackpot tables. The jackpot will keep growing until someone hits a qualifying bad beat, at which time a large percentage of it will be distributed among the bad beat victim and the players at the online poker table where the bad beat occurred (a small fraction of the jackpot will remain in the pot and another minuscule piece of it will be dedicated to administration costs).
Bad Beat Jackpot tables will be noted with the word "jackpot" written in brackets after the table name and will be categorized in red text. Complete details on Absolute Poker's Bad Beat Jackpot can be found at http://www.absolutepoker.com/badbeatpoker/