Sitting around playing online poker yesterday, I got this text from my poker buddy: "I just hit the Bad Beat Jackpot."
"So, how much money do you get?" is what I immediately texted back. I mean, let's get down to the nitty gritty.
"$8477 minus some taxes," was the reply.
He had sat down in the $4/8 limit hold'em game and was under the gun, so he let the button pass. The first hand he held ♠6 ♠4 and raised when it came to him in the cutoff. Yes, he plays differently than most of the nit/calling stations in a limit game.
The flop was ♠8 ♦5 ♥2. "Pretty good flop for me since I have a double gutshot so I bet and the button raises and we get one other caller," he texted.
"The turn is the ♠5. I check, he bets, I call."
"River is the ♠7 giving me the straight flush. He had 5-5 for quads."
My calculation is that there was "only" $42,385 in the Bad Beat Jackpot. That says it's likely been hit fairly recently. Sometimes they build up and you can really win a big pile of money. My buddy had the winning hand, so he got 20%. The guy with quad 5s took the bad beat, so he got 40%, and the other players divided the remaining 40%. Too bad I wasn't there playing, too!
Have you ever been involved in a bad beat jackpot? Once at the Gold Strike, I got a players' share of a mini-Bad Beat (aces full of kings got beat by quad kings), but it was only $240.