One More Seven-Figure Bad Beat Jackpot Hits at Playground Poker Club1 month ago
Another seven-figure bad beat jackpot has been triggered at the Playground Poker Club in Montreal, Canada. An incredible hand saw straight flush over straight flush, giving the winners a cool payout of more than CAD $1.3 million ($949,480 USD).
The losing player won 40% of the jackpot, fractionally over CAD $537,627 ($392,666), and the winner secured 20%, CAD $216,814 ($158,354 USD).
Everyone else at the table split 20% of the prize with the final 20% going to everyone else who was playing in the room at the time the hand was played out.
Straight after the jackpot was paid out, it was reseeded at $108,789. Not at the same level but still worth winning, for sure.
What Is a Bad Beat Jackpot?
A bad beat jackpot is a progressive jackpot that is awarded to a player who loses a hand with a very strong hand, usually something like aces full of kings or better. The jackpot is funded by a small percentage of each pot, and it continues to grow until it is won, sometimes building up to a seven-figure sum.
Bad beat jackpots are a popular feature in many poker rooms, as they offer players the chance to win a life-changing amount of money. The odds of hitting a bad beat jackpot are very low, but the potential payout is huge.
Only two months ago, the largest bad beat jackpot in poker history was won at the Playground Club. A massive CAD $2,590,185 (at the time US $1.9 million) was triggered in a $1/$2 NL Hold’em cash game when quad tens lost to a turned straight flush.
There have been a few more seven-figure bad beat jackpot payouts in the last couple of years. In 2017, a $1.2 million bad beat jackpot was hit at a $1-$2 NL Hold'em table in Detroit, Michigan. In 2022, one hit in Pittsburgh reached $1,021,000.
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