Bad Beat Jackpot at Absolute Poker and UltimateBet Races Past $600,000 Bringing This Year's Bad Beat Jackpot Prize
* Reuters is not responsible for the content in this press release.
MIAMI, FL, Jun 16 (MARKET WIRE) --
If you've ever dreamed of putting a large dent in your mortgage, buying a
car for every season, taking a once-in-a-lifetime vacation, or simply
paying your own way into this year's World Series of Poker Main Event
more than just once, this could be your week. Absolute Poker and
UltimateBet, two leading online poker sites, today announced that their
Bad Beat Jackpot has cracked $600,000.
Since the inception of the Bad Beat Jackpot at Absolute Poker and
UltimateBet 23,432 players have shared in a staggering total of
$39,515,899.93 in jackpot dollars; so far in 2009, $8,455,556.65 in Bad
Beat Jackpot winnings have been handed out across both online poker rooms.
When the next Bad Beat Jackpot hits, this figure will break the $9
million mark.
"Someone's about to pocket another huge jackpot," stated Annie Duke,
UltimateBet's Cardroom Consultant. "Imagine winning more money than most
people make in a year of their working lives. We're ready to award
hundreds of thousands of dollars in jackpot money by losing a hand of
Texas Hold'em. It's unbelievable."
Bad Beat Jackpot is just like traditional Texas Hold'em poker with an
added jackpot component. $0.50 is collected from qualifying poker hands
and placed into a constantly growing pot until someone hits the jackpot.
When an online poker player loses a hand with four eights or anything
better while seated at a Bad Beat Jackpot table, 65% of the jackpot is
divided among Bad Beat Jackpot players including those seated at a Bad
Beat Jackpot table featuring the same limit and game type as where the
bad beat occurred.
Ever since both online poker sites moved to the CEREUS Poker Network in
late November 2008, Bad Beat Jackpots worth hundreds of thousands of
dollars have been a regular occurrence.
At the $600,000 mark, the loser of the Bad Beat Jackpot hand stands to
take home over $195,000. The winner of the hand will walk away with
$97,500. An additional $1000 will be won by every other player seated at
the table where the bad beat occurred and another $97,500 distributed
amongst all players at tables playing the same game type and stakes. As
the Bad Beat Jackpot grows, those numbers rise with it.
Complete details on Absolute Poker and UltimateBet's Bad Beat Jackpot
offerings can be found at www.absolutepoker.com and www.ultimatebet.com.
*N.B. At the time of distribution of this press release, the Bad Beat
Jackpot is fast approaching $630,000.
About UltimateBet
Designed with the assistance of the best poker players in the world --
Phil Hellmuth and Annie Duke -- UltimateBet provides the best poker games
available on the net through the CEREUS poker network. Players can
download the free poker software, play in free ring games and tournaments
and get tips from these pros to learn the sport or to enhance their
playing strategy.
About Absolute Poker
Absolute Poker is part of the CEREUS poker network and is dedicated to
providing players from around the world with an online poker game
experience that is second to none. Players worldwide can access Absolute
Poker online 24 hours a day, 7 days a week from any PC or Mac and
experience the best multi-player game online poker has to offer. Absolute
Poker is committed to remaining the most trusted and best online poker
experience, created by poker players for poker players.
For further media information, please contact:
Kathryn Farrell
Email Contact
Cell: +506 8389 0043
Copyright 2009, Market Wire, All rights reserved.
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