Absolute Poker Bad Beat Jackpot Quickly Approaches $600,000

Sunday June 08, 2008

Poker players at Absolute Poker are crossing their fingers in hopes of losing their next big Texas Hold'em hand. As of Tuesday afternoon, the popular online poker site's Bad Beat Jackpot had climbed to over $596,000 and is on the verge of setting a new online poker jackpot record.

Absolute Poker is paying players for their losing hands and Texas Hold'em fans from around the world are flocking to the site for the chance to pop the life-changing jackpot and profit from a brutal bad beat.

Bad Beat Jackpot is just like regular Texas Hold'em but with a slight twist. If a poker player loses a Texas Hold'em hand holding four 8s or anything better while seated at a Bad Beat Jackpot table, they'll win a large piece of the Bad Beat Jackpot. The winner of the hand, the participants in the online poker hand and players seated at Bad Beat Jackpot tables with the same stakes also share in the jackpot.

To help the poker jackpot build, $0.50 is collected from qualifying hands at Bad Beat Jackpot tables.

Absolute Poker is just days and dollars away from beating its own Bad Beat Jackpot record. On August 29th, 2007, at 08:43 ET, Absolute Poker set the record for the largest Bad Beat Jackpot ever won in online poker history. KADI, a Texas Hold'em player from Australia, lost a 10-high Straight Flush to a King-high Straight Flush, setting off Absolute Poker's Bad Beat Jackpot bells to the tune of $821,670.69.