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Updated Tue, 2008-10-21 17:19

Ultimate Bet’s Bad Beat Jackpot

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Hit hard by the Black Friday indictments, Absolute Poker and UB have had their funds blocked in various offshore accounts by the DoJ. Due to that fact, combined with the general lack of reliability of the two Cereus sites, we no longer recommend that you deposit and play at Absolute Poker and UB. We can no longer guarantee the safety of player deposits headed their way.
If you’re interested in playing on similar caliber sites, we recommend Bodog and bwin poker.
Taking a nasty bad beat has never been as rewarding as it is at Ultimate Bet these days. If you happen to lose a hand on four 8s or bigger, you’ll have a bad beat story to tell that everyone will be happy to listen to.

UltimateBet aims to “spread the wealth” (which makes them a socialist poker room I suppose), and therefore, this is how the Bad Beat Jackpot is distributed among the concerned parties. 25% of it is withheld to seed the next Jackpot and 10% goes to the poker room for administration fees. The rest of it is divided among the players like so: half goes to the loser, 25% goes to the winner of the hand, and all players who have been dealt into the hand get $1,000. The remaining money is distributed between all players who have suffered a bad beat at the limit and game-type concerned.

In order to qualify for the UltimateBet Bad beat Jackpot, you need to use both your hole-cards in the losing hand. The winner of the hand needs to use both his pocket cards too. The hand needs to go to showdown. At least 4 players need to be dealt into the hand in which the Bad Beat occurs in order to validate it.

No collusion among the bad beat table participants will be tolerated.

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