ATLANTIC CITY, NJ (December 8, 2011) – Caesars Entertainment Atlantic City just announced that at 6:34 p.m. on Wednesday, December, 7th its Total Bad Beat Jackpot of $285,263 hit at Bally’s Atlantic City.  In addition to the 61 Bally’s poker room players, 219 fellow poker players at Harrah’s Resort, Caesars and Showboat each received a payout of $510 as part of the pooled jackpot.

“We would like to congratulate both participants, as well as the 278 other poker players,” said Karen Worman, Vice President of Finance for Bally’s and Showboat Atlantic City.  ”Our Caesars Entertainment Atlantic City properties boast some of the region’s liveliest poker rooms and with the Bad Beat seemingly hitting on a monthly basis we have truly become the most desirable place to play.”

A player who wished to remain anonymous, thought he had the winning hand when he laid out his quad 6’s, only to experience a bad beat when a fellow poker player flashed a straight-flush and the win.  The losing hand earned $86,089 while the winner added $57,563 to their wallet.  The Total Bad Beat Jackpot was immediately reset to $100,000.

On Tuesday, August 24, 2010, Caesars Entertainment Atlantic City introduced the City’s first-ever multi-casino Texas Hold’em Poker Room Bad Beat Jackpot initiative, and a starting jackpot of $524,045.  Poker Room Bad Beat Jackpots at Harrah’s Resort, Caesars, Bally’s and Showboat now reflect one “Pooled” jackpot up for grabs.

The Bad Beat Jackpot is a prize that is paid when a sufficiently strong hand is shown down and loses to an even stronger hand held by another player. The Bad Beat Jackpot is progressive, with $1.00 taken out of each pot to fund the jackpot (in addition to the regular rake). When a jackpot is won, it will be split among all players sitting at a Bad Beat eligible table and in all of the Caesars Total Reward Poker rooms in Atlantic City at the time of the bad beat with the losing hand getting the largest share. On the heels of this Total Bad Beat Jackpot win, Caesars Entertainment immediately administered the reset jackpot at $100,000.

Payouts of the 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) queens and each 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) queens and reset the next Wednesday. Example: if the jackpot is hit on a Monday the 4 Queens would only be in effect for 2 days.

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