Absolute Poker pays out $10 million in Bad Beat jackpots

MIAMI, Florida -- (PRESS RELEASE) -- Where can you find the happiest Texas Hold'em players? If a report released by Absolute Poker today is any indication, the answer is at the online poker site's Bad Beat Jackpot tables. Absolute Poker announced that its players have profited from over $10 million in Bad Beat Jackpot payouts since the game was first introduced in June of last year.

"It's been just over nine months since we first brought the Bad Beat Jackpot game to US players," stated David Clainer, Senior Vice President for Absolute Poker. "We're paying out an average of over $1 million a month and Texas Hold'em fans are flocking to our tables in droves to profit from their good fortune."

The $10 million figure takes into account the money passed onto players after the popping of each Bad Beat Jackpot. Money won through regular table play at Bad Beat Jackpot tables is not included in the statistic.

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.

On August 29th, 2007, online poker history was made when the biggest-ever Bad Beat Jackpot was won at Absolute Poker. The $821,670.69 jackpot handily shattered all industry records, including the largest Bad Beat Jackpot record of $739,621 previously held by Party Poker.

Bad Beat Jackpot works just like regular online Texas Hold'em poker but with an added 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 poker tables. The jackpot keeps growing until someone hits a qualifying bad beat, at which time a large percentage of it is distributed between the bad beat victim and the other 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.