You hear about jackpots being paid out to winning hands, spins or rolls of the dice but what about for losing? Well, that’s exactly how the out-of-the-ordinary poker network CEREUS has paid out over $32 million dollars in Bad Beat Jackpots since it’s launch in June of 2007.
Bad Beat Jackpots is a poker game in which players actually win if they have a losing hand. The catch however is that the losing hand be of four eights or better while playing at Bad Beat Jackpot tables at either UltimateBet.com or AbsolutePoker.com. Not a bad way to ensure even a few of your losing hands make you a bit of cash! The Bad Beat Jackpot increases with each qualifying hand, adding 50 cents to the running total.
Finally, on January 31st the historic milestone of $32 million dollars in payouts was reached when online player ‘HIPLO’ won $132,880 playing a Texas Hold’em hand at online casino AbsolutePoker.com. The exact amount paid out by the CEREUS network is actually $32,665,751 to over 15,000 players.
And most impressively, the Bad Beats Jackpot has paid out over $1,600,000 since January 1st. An interesting feature of Bad Beats is the fact that the progressive jackpot gets paid out in two ways: a large percentage to the ‘losing’ player as well as other competitors in the game. In fact, CEREUS has paid over $8,000,000 to hand winners of qualifying bad beats and almost $8,000,000 to players seated at the same table or at a table with the same stakes! Not only does the New Year look promising for players of Bad Beats but it’s also a great chance to increase your chances of winning on your losing hands!