Miami, FL (PRWEB) September 1, 2007
History was made Wednesday morning when an online poker player from Australia lost a Texas Hold'em hand and set off Absolute Poker's Bad Beat Jackpot bells to the tune of $821,670.69.
"This is absolutely monumental," stated a stunned David Clainer, Senior Vice President for Absolute Poker. "This win has catapulted Absolute Poker and one lucky Texas Hold'em player into the poker history books."
The $821,670.69 jackpot shatters all industry records, including the largest Bad Beat Jackpot record of $739,621 held by Party Poker.
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 feeling devastated. But at Absolute Poker's Bad Beat Jackpot tables, losing a seemingly unbeatable hand has become extremely lucrative.
Now, 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 hand.
The latest bad beat happened on August 29th at 08:43 ET when KADI, an online poker player from Australia, lost a 10-high Straight Flush to a King-high Straight Flush. Seated at one of Absolute Poker's Bad Beat Jackpot tables, KADI's losing hand netted her $267,042.97 in cash. The pot winner walked away with $133,521.48 and the participants in the hand each earned $33,380.37.
This isn't the first time Australians have witnessed an astonishing win at the poker tables. In 2005, Joe Hachem - a native of Melbourne - won the 2005 World Series of Poker Main Event, securing a first place prize of $7.5 million.
While this colossal win is indisputably impressive, the next record breaker could be right around the corner. The jackpot has been reset and currently sits at $215,000. With $0.50 collected from each qualifying hand at designated Bad Beat Jackpot tables, that number is growing by an average of $2,000 per hour.
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 winnings.
Full details can be found at http://www.absolutepoker.com.
About Absolute Poker
Team Absolute is dedicated to providing players from around the world with the best 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. Download Absolute Poker Software here.