Absolute Poker Awards $464,652 To Unlucky Player
With the jackpot steadily rising, Absolute Poker saw record breaking attendance Wednesday at their Bad Beat Jackpot Tables. It's not often thousands of players gather in hopes of losing, but this was a special occasion. In order to win the Bad Beat Jackpot, a player must have a hand of Quad-8's or better and still manage to lose to a higher hand.
CALVINHOBBES pocketed $162,628.21 for his loss, with another $162,628.21 divided among the other players at the table. The winner of the hand was awarded $81,000, while the remaining participants took over $20,000 a piece. The excess of $139,395.61 goes back into the jackpot, continuing to build until another (un)lucky player loses big. The jackpot progresses by collecting $0.50 of the pot per raked hand at any Bad Beat Jackpot labeled table at Absolute Poker.
This win comes just one week after the previous Bad Beat Jackpot of $297,287.63 was awarded on July 3rd.