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bad beat jackpots

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bad beat jackpots - Thu Aug 16, 2012, 08:43 AM
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milehigh0874's Avatar
Since: Aug 2011
Posts: 256
i never knew they ran these in live casinos ,but i seen this and thought id share it

On Monday, Atlantic City's biggest bad beat jackpot ever was paid across Caesars Entrainment's 4 casinos. More than 400 players received $958 each from the $787,320 jackpot at the Caesars Atlantic City, Harrah's Resort Atlantic City, Showboat Atlantic City and Bally's Atlantic City.

The bad beat was released after Narong Sa Whited (on the left) saw his quad 9's crushed by Nick Angelakopoulos (right) king-high straight flush. Atlantic City's Angelakopoulos collected $158,422 for having the winning hand, while Whited, from Washington, received $237,154.

The Bad Beat Jackpot, which is funded by taking $1 from each pot, had been building up since March 1st until Monday this week, so many thought it would take a while before someone won it again, including Eastern Division President for Caesars Entertainment Don Marrandino:

"Yesterday, Caesars Entertainment made Atlantic City history with our $787,320 Total Bad Beat Jackpot hit. Record setting jackpots were made to be won..With the Bad Beat being reset to $393,000, it might only be a few weeks before Caesars Entertainment sets a new record."

Well, believe it or not but the the very next day two very lucky players were involved in a hand where both held straight flushes. As a result, the losing players received $224,753 and the winner collected $112,753. But that's not all. An additional 6 players pocked $18,729 each just for sitting at the same table.
 
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Thu Aug 16, 2012, 11:34 AM
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TheLangolier's Avatar
Since: Jun 2010
Posts: 13,508
(Head Trainer)
Yep, many casinos have them, they're generally pretty terrible as they drop an extra $1 from each pot for the "jackpot drop", and most players are losing money on it over time not recovering that money. For this reason most winning players don't like them. That being said, a large bad beat jackpot does tend to attract loads of fish, so when the pool gets large it's not so bad, you have the (longshot) chance at a big prize if the bad beat hits, and you get extra equity from the jackpot chasers who are mostly losing players and sometimes downright awful.

The local casino by my house has the $1 "promotional drop" coming out of every pot, but they offer a bit more value for it at least... they have a high hand promo where they pay you $100 for making a straight flush and $150 for a royal, a mini-bad beat jackpot (aces full of K's getting cracked) and a mega-bad beat jackpot (quad 8's or better getting cracked). I've made a straight flush once there, so won $100, but am probably down over all on the deal as I've probably dragged more than 100 pots that were jackpot raked now.


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