Bad Beat Poker Jackpot Hit At Caesars Atlantic City For $535,459August 27, 2010 8:18 am
Sheryl Wallace, of Auburndale, Florida has never been so happy to lose a hand at poker after scooping the lion’s share of a $535,459 “Bad beat” jackpot at Caesars Atlantic City on Thursday.
Sheryl was playing poker at the casino that morning when at 11:16 a.m she made one of the strongest hands in poker; a straight flush.
With the odds of hitting such a hand an astronomical one in 72,192, she must have felt positive the pot was going to be shipped her way. Imagine her surprise, then, when her opponent flipped over his cards to reveal poker’s premier hand; a royal flush with odds of 649,739 to 1.
However, Sheryl Wallace’s surprise soon turned to delight after being informed she was to be awarded 30% of the $535,459 “Bad beat” jackpot, worth an incredible $163,343, while the hand’s winner John Sweet, Jr from New Jersey received 20% or $109,797 for his part in the amazing occurrence.
Harrah’s Entertainment Atlantic City only introduced the multi-casino Poker Room Bad Beat Jackpot on August 24th this year. In a departure from procedures in other casinos, Harrah’s decided to award a share of the prize to anyone playing in a poker room at any of their four Atlantic casinos. Consequently, dozens of people unexpectedly ended up receiving $2,705 a piece.
Commenting on the incredible event, Eastern Division President of Harrah’s Entertainment, Don Marrandino said:
“This is an unforgettable day for gaming in Atlantic City as in just two short days we are announcing the inaugural winners of our first-ever multi-casino Bad Beat Jackpot payout. The combined $535,459.60 payout from Harrah’s Resort, Caesars, Bally’s and Showboat is one of the largest Bad Beat Jackpots in Atlantic City casino history and we look forward to continue to introduce new initiatives to Atlantic City and rewarding the loyal poker players of our four properties.”