UltimateBet's Bad Beat Jackpot Rockets to Over $500,000

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Miami, FL (PRWEB) October 29, 2008 -- Just in time for Halloween, UltimateBet is getting ready to hand out the good stuff. The leading online poker site (http://www.ultimatebet.com) today announced that its Bad Beat Jackpot had reached nearly $540,000 as of Monday afternoon and online poker players are flocking to the site in hopes of cashing in on the growing prize pool.

"We're getting ready to make another losing player extremely rich," stated Annie Duke, UltimateBet's Cardroom Consultant. "All it takes is a little bit of bad luck at the tables to become UltimateBet's next big winner."

Jackpots worth hundreds of thousand of dollars are not uncommon at UltimateBet. The poker room's last Bad Beat Jackpot (http://www.ultimatebet.com/poker-promotion/bad-beat-jackpot), which was hit on Friday, October 17th, was worth $365,784.73.

At the $600,000 mark, which could be reached by Tuesday morning, the loser of the Bad Beat Jackpot hand would stand to take home $195,000. The winner of the hand would walk away with $97,500 and an additional $97,500 would be shared among the players seated at the table where the bad beat occurred and those seated at tables with the same stakes.

Poker play (http://www.ultimatebet.com/play-poker) in UltimateBet's Bad Beat Jackpot games is just like traditional Texas Hold'em poker with an added jackpot component. In addition to rake, $0.50 is collected from qualifying poker hands and placed into a constantly growing pot until someone hits the jackpot. When a player loses a hand with four 8s or anything better, 65% of the jackpot is divided among Bad Beat Jackpot players (25% remains in the pot for the next jackpot and 10% is dedicated towards administrative fees). All players seated at a Bad Beat Jackpot table featuring the same limit and game type as where the bad beat occurred also win a piece of the jackpot.

Full details on UltimateBet's Bad Beat Jackpot game can be found at www.ultimatebet.com.

About UltimateBet

Designed with the assistance of the best poker players in the world - Phil Hellmuth and Annie Duke - UltimateBet provides the best poker games available on the net. Players can download the free poker software, play in free ring games and tournaments and get tips from these pros to learn the sport or to enhance their playing strategy. UltimateBet currently has over 2 million registered players.

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