Bad Beat Jackpot Hit For $307,482 At Caesars Atlantic CityJanuary 26, 2012 5:02 pm
Caesars Atlantic City celebrated a milestone event last week, after its poker Bad Beat Jackpot was hit for the 20th time since it was introduced to the casino in August 2010.
At 3:45a.m. on Thursday, January 19th, one lucky player at the Caesars poker room hit quad fours at odds of around 407 to 1. Expecting to win the hand, he soon discovered that his opponent with odds at 3,243 to 1, had cracked his hand holding quad eights to scoop the pot.
Nevertheless, any initial disappointment he may have instinctively felt soon turned to joy after realising he had hit the casino’s Bad Beat Jackpot which stood at $307,482. Consequently, he was awarded $93,313 for the indignity of losing with quads, while his opponent also received $62,565 for the winning hand. In addition, 25 patrons playing at Caesars poker room at the time each collected $1,068 just for being there.
However, the consequences of the hand didn’t finish there, though, and the pooled jackpot was further shared between 117 other players at Harrah’s Resort, Bally’s and Showboat, each of whom also collected a payout of $1,068 apiece.
Commenting on the milestone hand, Caesars Entertainment Eastern Division President Don Marrandino, said:
“The Bad Beat Poker Jackpot hitting for the twentieth time is truly a milestone in our storied poker history. As the East Coast home of the WSOP and first to debut a accumulative Bad Beat Jackpot, I can honestly say poker is something we here at Caesars Entertainment Atlantic City take very seriously. We’re extremely proud to have given out more than $5 million over the last 16 months to our dedicated poker players.”
On average, the Bad Beat Jackpot has now been hit every one and a half months and following the latest win, the jackpot was reset to $100,000 with quad queens set as the qualifying hand.