UltimateBet is taking a page from its site-to-site transfer partner Absolute Poker by starting a bad-beat jackpot.
Like Absolute Poker, who bought out UltimateBet earlier this year, UltimateBet will have designated jackpot cash-game tables. In order for a given hand to qualify for a bad beat, there must be at least four players that are dealt a hand, a player must lose with quad eights or better, the two players must use both cards in their hands, it must be a raked pot, and the hands must go to showdown.
When the bad-beat jackpot is hit, 25 percent goes towards then next jackpot, 10 percent to the house, and the rest goes to the players. The player who receives the bad beat gets half of that money while the player who takes the pot gets 25 percent. The rest of the money is split up between all bad-beat players at that limit and game type. In order to be eligible, players cannot be sitting out.
It is a progressive jackpot that grows from the 50 cents that is taken out of every raked pot at a bad-beat table. For more information on UltimateBet's bad-beat jackpot, or to take advantage of a deposit bonus through Card Player, click here.
