Caesars Atlantic City Awards Bad Beat Poker Jackpot Of $553,958January 17, 2010 9:30 am
Steven Gedney (52) from Delaware, went down in Atlantic City history Friday, after his losing hand at no-limit Texas Hold’Em saw him scoop the lion’s share of the largest bad beat jackpot in the city’s history, worth $553,958.
Many of the casinos in Atlantic City award a bad beat jackpot to customers who lose a poker hand holding at least four of a kind, with the jackpot prize being cumulative, meaning it keeps on rising until one lucky “loser” wins the big prize.
Caesars bad beat jackpot stood at a whooping $553,958, when Steven Gedney lost the $400 poker pot, holding quad three’s to his opponent’s quad aces, but found himself a massive winner on the day. As a result of his loss, Gedney received half the the value of the jackpot, for a total pay out of $276,979.
However, the smiles didn’t stop there as the other players at the table also shared in the good fortune, with the hand’s winner, Dobrzanski, winning $138,489 and the remaining seven players each being awarded $19,784.
During the hand, Dobrzanski said he completed his quad aces on the river and insta-called after Gedney went all-in. “I flipped my cards over, and I knew as soon as I stood up that it was the bad beat jackpot.”
In the meantime, Steven Gedney’s wife Tabitha, was playing at a nearby table when she heard the commotion and turned round to see all the players at her husband’s table jump to their feet. Tabitha then recalls her husband shouting out, “Tab, I just hit it” and remembers, “he was shaking so bad, and I was saying good things happen to good people.”
Tabitha had her own explanation as to her husband’s good fortune. Steven Gedney owns a JW’s Sports Bar in Dover, and was faced with a difficult decision after his business had suffered throughout the whole of 2009.
“It’s karma, it really is,” Tabitha Gedney continued. “He was going to let some people go, but said ‘I can’t do it, it’s Christmas time. These people have families, these people have kids.”
Steven Gedney’s good fortune or Karma smashes the previous Atlantic City record held by Harrah’s Resort of $361,244.