An online poker player that goes by the screen name joeyvegas0711 had lady luck smiling on him when he was playing the online poker game Texas Hold’em.

The player won the jackpot at 10:38am on Tuesday morning, when he turned in a hand that seemed unbeatable of 4 queens. Though the tables were turned on him when another online player by the name babybaby16 turned over a queen-high straight flush and took the $35.44 pot in his direction.

For losing the game the winner took home an amount of $177,532.51, the winner of the hand took home an extra $88,766.25, which he added to his $35.44 pot and 270 other players shared another $88,766.25 of the jackpot.

The casino collects in addition to the rake, a sum of $.50 from all the qualifying players and the amount is put into a pot which keeps growing continuously, till a person wins the jackpot. Whenever a poker player loses a game when he has cards which are greater then 4 eights, 65% of the bad beat jackpot is divided among the players, 25% remains with the jackpot and 10% is used for fees.

All the players who are seated at a table when bad beat jackpot is being won, and they are playing with the same limit and game as the winner, will win a part of the jackpot.

The online casino site Ultimate Bet has been designed with the help of poker players in the world- Phil Hellmuth and Annie Duke and it features the best poker games that can be found on the net.

A player who had just joined the online casino JackpotCapital.com won a large progressive jackpot.  The player won the progressive jackpot of $14,593, using the free bonus she had received joining the site.

The CEO of JackpotCapital.com, John Smith said, “A number of online casinos require players to bet their jackpot winnings before they can withdraw the sum. We have no such rules for our new players.”

Smith added, “We do not make our players wait to take their cash home. This winner like all the other winners was handed over the sum soon after she had won. We also did not deduct the free bonus amount from her winning amount.”

The winner is from America and was playing her first game of Caribbean Stud when she got the jackpot. The winner Kerri T said, “It was well just plain beginners luck. I had not even deposited money in my account and was playing with the bonus amount when I won.”

She added, “Here I was just starting to play and the next thing I knew I had won a sum of money.”

The online casino has on offer more than 300 online casino games which are provided by Real Time Gaming, which is one of the world’s top casino software developers. The Caribbean Stud jackpot game is one of 12 progressive jackpots offered to the casinos players.