BetOnline Poker Changes Bad Beat Jackpot Payout Structure
BetOnline Poker has recently changed the payout structure of its Bad Beat Jackpot so every player at a Jackpot table will share in the pool when it is won.
If you are a regular player at BetOnline Poker, it cannot have escaped your attention that the Bad Beat Jackpot prize pool now exceeds $535,000. What you may not be aware of is that BetOnline recently changed the payout structure of its Jackpot promotion so every player dealt into a hand at a Jackpot table will share in the prize pool when it is next won.
The changes have been made to tempt more players to the Jackpot tables – and it could prove worthwhile to take advantage of this opportunity. If the Bad Beat Jackpot had been won at the time of writing this article, every player actively involved at any Jackpot table would have won around $130.00 just for being in the right place at the right time.
How the Bad Beat Jackpot Promotion Works
The promotion has a very simple set of rules. In order to take part you have to play at a specially designated Bad Beat Jackpot NL Hold´em cash game table with blinds of $0.50/$1.00 or higher. The Jackpot will be won when a player loses a hand with Quad Jacks or better, provided the losing hand includes both hole cards and a minimum of four players are dealt into the hand.
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The reason why every player at BetOnline Poker does not automatically play at the Jackpot tables is because the prize pool is funded by a premium on the rake. For every $4.00 in the pot, an extra $0.10 is deducted (up to a maximum deduction of $0.50) which is added to the prize pool. The changes to the Jackpot payout structure should more than overcome any objection to paying a slightly higher rake.
When a player suffers a bad beat, he or she will win 27.5% of the prize pool. The player who wins the hand will collect 15% of the prize pool, and another 15% of the prize pool is shared between the other players seated at the same table and dealt into the hand. Of the remaining prize pool, 5% is distributed among players on other Jackpot tables, 27.5% goes towards seeding the next Bad Beat Jackpot, and 10% is allocated for administrative fees and security checks.
Jackpot Already Won Three Times This Year
The criteria for winning the Bad Beat Jackpot at BetOnline Poker may seem a little tough, but it has happened three times already this year. In February, “ONEnDone” won $137,177 when his Quad Jacks were beaten by Quad Aces. “Catfancy” was the biggest beneficiary of the promotion so far in May when his Straight Flush was bettered by another Straight Flush for $229,350, and the Jackpot was last won by “5 Fives” in July for $151,711.
Due to the changes in the payout structure, the player who suffers the bad beat will not receive such a large proportion of the prize pool as before, so it is unlikely anybody will top “Catfancy´s” huge win in the short term. However, if the prize were to be won at the time of writing this article (assuming it was won on a full ring table with every player dealt into the hand), the prize distribution would be as follows:
- Player who suffered the bad beat: $147,125.
- The winner of the hand: $80,250.
- Other players dealt into the hand: $11,464.
- Other players seated at Jackpot tables: $133.
Fancy Winning Your Share of $535,000?
If you fancy winning your share of BetOnline Poker´s Bad Beat Jackpot, head on over to the site today. In addition to plenty of action at the cash game tables, BetOnline Poker provides a host of other potentially lucrative opportunities for players including a weekly cash race, weekly Sit & Go and MTT leaderboard competitions, and the site´s $100,000 guaranteed monthly tournament next due to be played on October 29th.
In my BetOnline Poker review you can read all about these opportunities, and an [geolink href=”https://www.usafriendlypokersites.com/betonline-poker/”]exclusive welcome bonus of 200% up to an amount of $2,500[/geolink]. Please be sure to follow the instructions carefully when registering your account and making your first deposit in order to be eligible for the full amount of the bonus, and enjoy some good luck at the tables – or bad luck if you are intending to win the BetOnline Poker Bad Beat Jackpot!