A handful of players at a $2/5 game in Montreal went home very happy after being part of the second-largest bad beat jackpot in history. The players at the table took the lion’s share of CAD $2.2 million ($1. 7 million), while all the other Hold’em players playing at Playground Poker Club in Montreal at the time got a taste of the prize.
A few days later, the confetti again fell as the Omaha bad beat jackpot was hit at CAD $225,034, making it a week to remember as the poker club gears up to host World Poker Tour events this month.
The bad beat jackpot payout distribution is as follows:
- 40% of the Bad Beat Jackpot is awarded to the Bad Beat hand (losing hand).
- 20% of the Bad Beat Jackpot is awarded to the winner of the hand.
- 20% of the Bad Beat Jackpot is awarded in equal shares among the balance of signed-in players at the table where the Bad Beat Jackpot was hit.
- 20% of the Bad Beat Jackpot is awarded in equal shares among all other signed-in cash game Hold’em players anywhere on the property. In the event that there are no other Texas Hold’Em or eligible mixed games on the gaming floor, the 20% allocated for the rest of the room will be equally distributed among all players at the winning table.
The Hold’em bad beat jackpot was triggered on Sept. 27, after two players both flopped a set — the eventual “loser” held pocket nines, while the hand’s winner held aces. The turn gave pocket nines quads, and the river made everyone in the room very happy when the fourth ace hit.
The loser of the hand received 40% of the pot, which came out to CAD $864,000 (USD $640,004), and the winner got CAD $455,077 (USD $337,096), which is also what the rest of the table — as well as all the Hold’em players in the room — split.
The jackpot has been reseeded to CAD $664,000. The complete set of rules are available on Playground’s website.
The world record for the largest bad beat jackpot ever hit also happened at the Playground. That one, hit last August, was worth a whopping CAD $2,590,185 (about $1.94 million USD).
The Omaha bad beat jackpot was hit after two players turned straight flushes — one had the small end, while the “winner” had a straight flush to the king of hearts. It was just hit last night (Oct. 3).
The “loser” of that hand won about CAD $90,000, with the winner getting half that. The players at the table also split CAD $45,000, as did the rest of the Omaha players playing in the club at the time.
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