The Bad Beat jackpot is popular at
online poker sites. Sometimes players have hands that would be
sure winners on most occasions. But every now and then another
player is dealt a better hand. The Bad Beat jackpot compensates
players who lose with good hands. All poker networks offer Bad
Beat jackpots at online poker sites they serve. The
IPN poker network also offers such a
jackpot, which is very much in the news because it has crossed
€750,000, which works out to over $1 million. The IPN poker
network is owned by leading poker software provider GTECH G2.
The Bad Beat cash tables at the participating online poker sites have the stakes at 50c/€1 and above. In order to win the Bad Beat jackpot players will have to lose the pot with a hand of four of a kind 10s or better. The IPN poker network claims, “This is the lowest qualifying requirement of any poker network so represents the best value in the poker community.” Another condition required for the Bad Beat jackpot to be won at IPN online poker sites is that there must be at least four players at the table when the bad beat is made.
70% of the bad beat jackpot will be paid out. Out of this amount 50% will go to the player who holds the losing hand, 25% will go to the player who holds the winning hand and 25% will be shared equally between the other players on the table. 30% of the bad bead jackpot will be retained by IPN poker network as seed for the next jackpot and to meet its costs. The Bad Beat jackpot increases by taking 50 cents from every raked hand.
In addition to the Bad Beat jackpot the online poker sites at the IPN poker network offer a number of poker tournaments. The one with the largest guaranteed prize pool of €100,000 is held every Sunday at 7.00 PM GMT. The buy in for this poker tournament is €150. Another popular event is held daily at 8.00 PM GMT. The guaranteed prize pool is €25,000 and the buy in is €55.