History is set to be repeated at Absolute Poker, as the Bad Beat Jackpot on the popular site has exceeded $700,000. The sum is set to breaking the site record of $821,670.69. This announcement was made by the site just two days after the amount crossed $600,000.

Now people are waiting to see whether the old record is erased or someone hits the jackpot. Players are rushing to the online site in numbers to avail the chance of a lifetime, by losing a game of Texas Hold’em. There is a good reason for that, as the next winner of the jackpot will take home a minimum of $230,000. As the amount of the jackpot rises, the prize money amount will keep going up.

The site is paying players for their losing game. The Jackpot is just like regular Texas Hold’em but with a slight change. If a player loses a Texas Hold’em hand with him holding four 8s or anything better then that while he is seated at a Bad Beat Jackpot table, then that player will win a large chunk of the Bad Beat Jackpot.

The winner of the hand, the players seated at Bad Beat Jackpot table with the same game type and stakes also share in the jackpot, with the eventual winner.

The last time a player won the jackpot at the site, was KADI, a Texas Hold’em player from Australia, who lost a 10-high Straight Flush to a King-high Straight Flush, setting off the sites Bad Beat Jackpot bells for a sum of $821,670.69.

This entry was posted on Friday, June 6th, 2008 at 5:39 pm and is filed under casino gambling, online casino news. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.