The new “Everybody Shares” Bad Beat Jackpot at BetOnline Poker remained intact over the weekend and has now reached a record high of more than $678,000.
Back in May, a player with the table name “catfancy” lost the biggest hand of his life when his Straight Flush was beaten by a better Straight Flush held by “pygmy416”. As his hand qualified for BetOnline Poker´s Bad Beat Jackpot, he scooped the lion´s share of the $655,000 prize pool. His (or her) win was sandwiched between two smaller Bad Beat Jackpots being won – the last one being in July.
Since July, nobody playing at a Jackpot table has had the misfortune to see their Quad Jacks or better crushed at showdown. Consequently the prize pool has grown to a record high in excess of $678,000. The great news for players at BetOnline Poker is the next time a qualifying Bad Beat occurs, everybody seated at a Bad Beat Jackpot table will win a share of the rapidly-growing prize pool.
What is a Qualifying Bad Beat?
A qualifying Bad Beat is one that meets the terms and conditions of the promotion. The hand has to be played at one of BetOnline Poker´s Jackpot tables, the losing hand of Quad Jacks or better must use both hole cards (as must the winning hand), and there must be at least four players dealt into the hand. Provided these terms and conditions are met, the Bad Beat Jackpot pays out as follows:
- 5% of the prize pool goes to the player who suffered the Bad Beat.
- 15% of the prize pool goes to the player who won the hand.
- 15% of the prize pool is distributed among the other players dealt into the hand.
- 5% of the prize pool is shared between every other player seated at a Bad Beat Jackpot table.
- 5% of the prize pool goes to seed the next Jackpot.
- 10% of the prize pool is a contribution towards BetOnline´s security checks.
Based on the current size of the Jackpot, a player suffering a Bad Beat today would win $186,450. The winning player (who wins the hand) would add $101,700 to their bankroll, and the remaining players dealt into the hand (assuming the Jackpot is won on a full ring table) would each collect $14,528. Every other player playing at one of BetOnline Poker´s Jackpot tables would share in $33,900, which on most days would result in each player winning about $200 just for being in the right place at the right time!
Jackpot Hands also Contribute towards Weekly Cash Race
While waiting for the next Bad Beat, players at BetOnline Poker´s Jackpot tables can take advantage of the site´s Weekly $10,000 Cash Race promotion. This promotion is a three-tiered rake race, with players divided into one of three leaderboard competitions depending on the stakes they play at. The top twenty players on each leaderboard each collect a cash prize at the end of the week. The three tiers of competition are for stakes of:
- Bronze Tier:
- Stakes of $0.10/$0.25 to $0.50/$1.00.
- Prize Pool of $1,420.
- Silver Level:
- Stakes of $1.00/$2.00 to $2.00/$4.00.
- Prize Pool of $2,860.
- Gold Level:
- Stakes of $3.00/$6.00 and upwards.
- Prize Pool of $5,720.
Not Just about the Cash Action at BetOnline Poker
Whereas it might seem BetOnline Poker is targeting cash players, there are plenty of promotions available for players who enjoy online poker tournaments and Sit & Go games. The site hosts weekly leaderboard competitions for both tournament and Sit & Go players, with $5,000 in prize money up for grabs in each every week. There is also a healthy tournament schedule with more than $130,000 guaranteed in prize money each weekend. New players at BetOnline Poker can also benefit from a 200% match first deposit bonus up to a maximum bonus of $2,500.
To find out more about the site, the terms and conditions that apply to the first deposit bonus offer, and the other opportunities for players at the site, you are invited to read my [geolink href=”https://www.usafriendlypokersites.com/betonline-poker/”]review here[/geolink]. I would suggest if you are interested at playing at the site, you do not hesitate to create an account and fund it with an amount that is comfortably affordable to you as soon as possible. The Bad Beat Jackpot is not going to hang around for ever, and even if you don´t win it personally, you can win a nice share of the prize pool just for being at the right place at the right time.
Will today be the right time? Only if you are playing at BetOnline Poker.