As we reported in this space last week, Caesars Entertainment’s combined total Bad-Beat Jackpot of $787,320 became the biggest of its kind in Atlantic City history.
We use the past tense became, because Caesars Entertainment Atlantic City announced that on Monday, Aug. 13, its Total Bad Beat Jackpot of $787,320 hit in the Caesars poker room.
Narong Sae Whited of Shelton, Washington, cashed-in on $237,154 for his losing hand, while the winner of the hand and Atlantic City resident Nick Angelakopoulos came away with $158,422.
Additionally, 409 other poker players received a payout of $958, simply for being at a Caesars Entertainment Atlantic City poker room during the time of the Total Bad Beat.
According to Caesars, payouts of the progressive Total Bad Beat Jackpot are as follows:
· 30% of the jackpot will be awarded to the Bad Beat hand (losing player);
· 20% of the jackpot will be awarded to the winner of the hand;
· The remainder of the jackpot will be awarded equally divided as shares among all of the seated players on any Bad Beat jackpot eligible game at all four (4) linked properties. The players mentioned above will also get a share in addition to the prize listed. All winners will receive a minimum of $100.00.
The minimum losing Bad Beat Hand will start at four (4) kings and every other week, on Wednesday, the required hand will be lowered by one (1) four of a kind ranking hand until the required hand is four (4) deuces. When the jackpot is hit the required hand will revert back to four (4) kings and reset the next Wednesday. Example: if the jackpot is hit on a Monday the 4 kings would only be in effect for 2 days.