MIAMI, Florida -- (PRESS RELEASE) -- Online poker players have one more reason to break out the champagne this New Year's Eve, thanks to Absolute Poker. The online poker room today released its 2007 Bad Beat Jackpot figures and the numbers are undeniably impressive.
"2007 was an extremely profitable year for our Bad Beat Jackpot players," stated David Clainer, Senior Vice President for Absolute Poker. "In just six months, we introduced the Bad Beat Jackpot game to US players, handed out over $6.5 million in Bad Beat Jackpot winnings, and broke an industry record."
2007 was an extremely profitable year for our Bad Beat Jackpot players Absolute Poker introduced Bad Beat Jackpot to its lineup of online poker games on June 22nd, 2007. Since then, Absolute Poker has become one of the most popular destinations for players looking to grab a piece of the multi-million dollar Bad Beat Jackpot pie. A glance at the 2007 Bad Beat Jackpot data released today reveals the following numbers:
* 39 - The number of jackpots that have been hit since Absolute Poker launched Bad Beat Jackpot on June 22nd.
* $8,555,664 - The total value of all jackpots hit
* $6,581,280 - The total value of jackpot money won by players
* $821,670.69 - The August 29th Bad Beat Jackpot that shattered all industry records, including the largest Bad Beat Jackpot record of $739,621 previously held by Party Poker.
Bad Beat Jackpot is just like regular Texas Hold'em but with a slight twist. When seated at a Bad Beat Jackpot table, if a player loses a Texas Hold'em hand holding four 8s or anything better, 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 and the participants in the online poker hand. The next player to lose a hand holding four 8s or anything better will win a large piece of the new jackpot. The participants in the bad beat hand will also share in the jackpot.