Q:
I heard that the Bad Beat at Caesars was recently hit. Do you know what the winning and losing hand were worth? Also, what was the player share since all players at the Caesars properties share the remaining 70%.
A:
While certain Caesars Entertainment properties around the country launched "Total Bad Beat Jackpot" promotions over the past few years (the company’s Atlantic City casinos have a linked progressive; Harrah’s Philadelphia has a stand-alone progressive), in January of this year CET’s seven poker rooms in Las Vegas (Paris’ room closed years ago) upped the ante with the introduction of the "MegaBeat Poker Progressive Jackpot," which resets at a whopping $200,000 and has the capacity to climb to more than $1 million.
Since its inception, this jackpot (which is accumulated thanks to a $1 promotional rake from each pot of $10 or higher) has hit no less than three times and on each occasion the winner/loser was playing in the poker room at Planet Hollywood. The most recent hit, which we assume is the one to which you’re referring, was just before 8 a.m. on Monday, July 1, when a player from London’s six-high straight flush was vanquished by the eight-high straight flush of a player from Mexico, for bonus payouts of $111,646 and $57,765, respectively. (The bad beat hand gets 20 percent, the "winning" hand gets 10 percent, and the remaining 70 percent of the prize pool is split equally between anyone else who’s playing in the participating poker rooms at the time.)

In total, 99 players were active in the poker rooms of CET’s Vegas properties at the time this hand went down, each of whom was thus entitled to their share of 70 percent of the $538,771 total prize pool, which broke down to $3,888 each.

The previous time the Megabeat Jackpot was hit was at 7:08 a.m. on June 5, when the four kings of another player at Planet Ho were beaten by four aces. At that point, the jackpot had climbed to the giddy heights of $914,474 — believed to be the largest bad beat jackpot from a brick-and-mortar casino ever. That time around, a player from Germany bagged a surprise $182,952, the "winner" (from Dallas) got $91,447, and 107 players in Total Rewards poker rooms across the city each had a $5,982 payday, just for being in the right place at the right time.

For a complete breakdown of the rules and structure (the criterion for a qualifying "bad beat" hand changes as the jackpot rises), check out Vegas-Gaming-Tournaments-Megabeat.pdf. http://www.caesarspalace.com/content/da … gabeat.pdf

from www.lasvegasadvisor.com

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