Monday February 18,2013 : MPN BAD BEAT JACKPOT REACHES ALL-TIME HIGH
Release of revamped jackpot imminent
The MPN (formerly known as the Microgaming Poker Network) Bad Beat Jackpot stands at its highest value and is reportedly the second largest in online poker history at over Euro 793 000 which equates to a minimum payday of Euro 262 500 to the player whose hand is cracked.
Additionally, from March 19, the Bad Beat Jackpot will be overhauled. While previously, players would have to sit at designated Bad Beat Jackpot tables, the MPN’s system allows players at any Euro 0.10/Euro 0.20 or higher Hold’em table to opt in and out of the promotion at any time. Players who opt in pay 2 cents per hand to participate in the network-wide jackpot, and the payouts extend to all opted in players across that stake.
Other changes include any four of a kind beaten will trigger the jackpot, as long as both hole cards are used, the jackpot will trigger even if both players involved in the winning hand are not opted in and no administration fee will be taken from the jackpot.
The mechanics of the new Bad Beat Jackpot were agreed by the members of the Network Management Board (NMB), a group comprising operators and the poker network. The coming months have more in store regarding network strategies and developments.
Lydia Melton, head of network games at Microgaming, said: “The trend in the industry has been to remove jackpots altogether, which is a shame. Poker is a skill game, but even poker players like a shot at a jackpot prize every now and then. With the introduction of our new Bad Beat Jackpot, we solve the problem of liquidity segmentation seen in other Bad Beat Jackpots, and make the whole promotion accessible to all MPN players. More frequent payouts, easier wins and no admin fee; the industry has never before seen such an efficient and effective method of player rewards.”
“Bad Beat Jackpots are long proven as a powerful acquisition tool, but at the same time restricting the Bad Beat pool to particular tables can diminish its value, resulting in split liquidity and less frequent payouts. We expect the ability to offer a Bad Beat payday on all our tables to significantly enhance our offering and increase player satisfaction and lifetime,” added Steve Cutler, head of poker at Unibet, a MPN licensee.