Party Poker Pays out Bad Beat Jackpot Prize
This was published 12-03-2011It definitely pays to lose at Party Poker, especially when the prize for doing so is close to half a million dollars! The online poker arm of gambling giant Party Gaming, announced that a German player won more than $479,000 last week after hitting the bad beat jackpot. The player, Praetorianer, had his four tens beaten by another opponent rol007 who upped his hand with a Royal Flush. But while Praetorianer had a moment of frustration by seeing such a good hand beaten, he suddenly found himself amidst cheer and jubilation as Party Poker declared that he had won the Bad Beat jackpot. His prize for ‘losing’? $479,101!
“After the river, I realized my opponent might have a better hand,” said the winner/loser. “I went all in, he called right away and then everything happened really fast.”
Praetorianer recalled that a message appeared on his screen, and he rushed to open his account to see that he had a credit for nearly $500,000.
“I was shocked at first and then started jumping around,” he said. “I was extremely happy.”
The player says that he loves playing at the jackpot tables because it is a bit like playing the lottery. He said that if one plays the higher stakes, the expected value is higher. He vowed that he would continue playing these tables from now on.
Praetorianer’s rival, the player who beat his hand with a Royal Flush, naturally didn’t leave the game empty handed. Besides the money that he won for playing the winning hand, he also took home a whopping $239,550 at the $2/$4 limit table. The seven other players who were at the table at the time that the Bad Beat jackpot hit each took home $34,221.
