An online poker player from Atlanta has popped Absolute Poker's latest Bad Beat Jackpot, taking home a life-changing piece of a jackpot that had soared to nearly $750,000.
The latest bad beat happened on June 5th at 21:33 ET when BUDYLOVE, an online poker player from Atlanta, Georgia, lost with Four Nines to a King-high Straight Flush in a hand of Texas Hold'em. Seated at one of Absolute Poker's Bad Beat Jackpot tables, BUDYLOVE's losing hand netted her $246,362.82 in cash. The pot winner, an online poker player named MAMEDURI, walked away with $131,126.80 in cash. The participants in the hand and those playing at tables with the same stakes split over $100,000.
The latest jackpot win was just shy of beating the previous Bad Beat Jackpot world record set by Absolute Poker last year.
On August 29th, 2007, KADI, a Texas Hold'em player from Australia, lost a 10-high Straight Flush to a King-high Straight Flush, setting off Absolute Poker's Bad Beat Jackpot bells to the tune of $821,670.69. Absolute Poker still holds the record for the largest Bad Beat Jackpot ever won in online poker history.
Since the latest Bad Beat Jackpot was so high, $185,435.28 was dedicated to the pot of the next jackpot. As of Noon ET on Friday, the jackpot had already reached $208,000.
In poker, the term 'bad beat' refers to losing a hand that is clearly favored to win. Normally, such a loss can leave even the most hardened poker player distraught. But at Absolute Poker's Bad Beat Jackpot tables, losing a monster hand has the opposite effect. If a player loses a Texas Hold'em hand holding four 8s or anything better while seated at specially-marked tables, they'll win a large piece of the Bad Beat Jackpot.
To help the jackpot build, $0.50 is collected from qualifying hands at Bad Beat Jackpot tables. The jackpot keeps growing until someone hits a qualifying bad beat, at which time a large percentage of it is distributed amongst the bad beat victim, the participants in the hand, and those playing at tables with the same game type and stakes.
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