Despite the distraction of yesterday´s Super Bowl, the value of BetOnline Poker´s Bad Beat Jackpot increased by another $15,000 over the weekend.
BetOnline Poker is one of the top three [geolink href=”https://www.pokernewsreport.com/us-poker-sites”]US poker sites[/geolink] in the world due to its amazing bonus offers, valuable promotions and fast cashouts. Last December the site launched a Bad Beat Jackpot promotion and seeded the prize pool with $100,000. Within two months, the prize pool has grown by more than $275,000 and currently stands at $378,368.30.
One of the factors driving the size of the Bad Beat Jackpot is BetOnline Poker´s weekly Cash Race. This promotion rewards players for their action at the NL Hold´em tables. Players can compete on the Jackpot tables in pursuit of the Bad Beat Jackpot, knowing that if they don´t win it, they will still pick up a worthwhile cash prize at the end of each week.
The Bad Beat Jackpot at BetOnline Poker
The option to play for the Bad Beat Jackpot is available to all NL Hold´em cash game players at stakes of $0.50/$1.00 and above. Players should look for the special Jackpot tables in the BetOnline Poker lobby, where an additional $0.10 is taken for every $4.00 in the pot (up to $0.50) and added to the Jackpot prize pool.
The Jackpot will continue to grow until a player loses a hand with Quad Jacks or better. When this happens, the losing player will receive 35% of the Jackpot pool, the player who won the hand will receive 17.50% of the pool, 17.50% is distributed among the other players dealt into the hand, and the remaining 30% will seed the next Bad Beat Jackpot prize pool.
With the prize pool currently standing at $378,368.30, if the Bad Beat Jackpot was won today, the losing player would receive $132,428.90, the player winning the hand would receive $66,214.45, and the same amount would be distributed between the other players at the table. In a 6-Max NL Hold´em cash game, this would mean each of the other four players dealt into the hand would each receive $16,553.61.
In order to qualify for the bad beat, the losing player´s hand must use both of their hole cards. There has to be at least four players dealt into the hand, and the hand must go to showdown. It is not as impossible as it looks, as most Bad Beat Jackpots are won with in hands where a straight flush loses to a better straight flush. It just hasn´t happened yet at [geolink href=”https://www.pokernewsreport.com/betonline-poker”]BetOnline Poker[/geolink].
The Weekly Cash Race at BetOnline Poker
The weekly Cash Race at BetOnline Poker is similar to a rake race with the exception that players achieve their position on the leaderboard according to the number of Comp Points they earn for contributing to the rake deducted from NL Hold´em cash games at all stake levels. In order to give players with smaller bankrolls the opportunity to share in $10,000 in cash prizes, the promotion is broken down into three levels:
- Level 1 (Bronze) is for players playing for stakes of between $0.10/$0.25 and $0.50/$1.00, and awards $1,420 each week to the top twenty players.
- Level 2 (Silver) shares out $2,860 each week between the top twenty players playing at stakes between $1.00/$2.00 and $2.00/$4.00.
- Level 3 (Gold) distributes $5,720 on a sliding scale to the top twenty players competing at stake levels of $3.00/$6.00 and beyond.
Players do not necessarily have to play at the Jackpot tables in order to win Comp Points towards their leaderboard position, and there is no “opt-in” requirement in order to take part. Players can also pick up prizes in more than one level. So, for example, a player could finish fourth in the Silver Level for $200.00 and tenth in the Gold Level for a further $80.00.
Will You Be in the Right Place at the Right Time?
Winning a share of the Bad Beat Jackpot at BetOnline Poker is a question of being in the right place at the right time. With the volume of traffic heading towards the BetOnline Poker cash game tables right now, the likelihood is that the Jackpot will be won sooner rather than later. Make sure you don´t miss out on your opportunity to win a share of the massive cash prize by visiting BetOnline Poker today.
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