By TheNuts - Nov 02, 2018
If you have not heard yet, there is a HUGE bad beat jackpot developing over at USA-friendly BetOnline
. They reintroduced their Bad Beat Jackpot and actually made some improvements that favored the players. However, even with the now easier to hit jackpot, nobody has cashed in in several weeks. The BetOnline Bad Beat Jackpot tops $1,180,000 and change at the time of this writing. With 20% going to the ‘looser’ of the hand, that is a cash out of over $360,000… not bad for just playing a hand of cards to qualify.
Participation is very easy. BetOnline has several designated Bad Beat Jackpot tables and all you have to do is just sit down at one of those tables and play poker. These Bad Beat Jackpot tables are clearly marked with a yellow star in the lobby. If your 8888’s get beat you win and so does everyone else sitting at that table. Here is how the payout is broken down:
- 20% of the jackpot will go to the player that lost the hand
- 12.5% of the jackpot will go to the winner of the hand
- 12.5% of the jackpot will be split amongst the other players at the table
- 30% of the jackpot will be used to seed the next Bad Beat Jackpot
- 12.5% of the jackpot will be used to cover administrative fees
- 12.5% of the jackpot will go to every player in the poker room
The payout really does seem to spread out the jackpot winnings to literally everyone in the poker room which is fun for everyone else but not so much for the hand ‘looser’ who takes home just 20% but then again it is free money.
The BetOnline Bad Beat Jackpot is a progressive jackpot which grows continuously hand by hand and as of this publication it’s at $1,180,000 and change. The BBJ will continue to grow with out limit until it is hit. This will surely be a life changing event for the winner. Obviously not ‘quit your day job’ life changing but imagine for a minute what you could do with $360,000 plus (pre-tax). You can get in on this action by creating your new BetOnline account
and get a 100% up to $1,000 first deposit bonus.