Merge Poker Player Wins Bad Beat Jackpot Worth $1 Million
A poker player playing under the moniker of Eulson won a breathtakingly huge Bad Beat Jackpot worth $1 million on the Merge Gaming Network.
While Eulson collected a prize of $$355,092.35 for winning the Bad Beat Jackpot, the winner of the game 123maryc got a prize of $177,546.17. The rest of the players at the table added a cool sum of $25,363.73 each to their respectively bankrolls.
Online poker players are required to lose the game with four sevens of a kind or a better combination while playing at a table marked as a Bad Beat Jackpot table. Each of the players with quads or a royal flush or a straight flush is required to use their hole cards. At least four of the players on the table must have a hand and the total value of the pot must be $5 or above. For every $5 added to the pot, a fraction of $0.50 is added to the Bad Beat Jackpot, which continues to grow this way till it is won.
Whenever a player gets a bad beat and wins the jackpot, 70 percent of it is distributed among players who have received hole cards in their hand. Of this 70 percent, the player with the bad beat holding at least four sevens of a kind will receive 50 percent, the winner receives 25 percent, and the other players at the table will receive a share of the remaining 25 percent.
Of the remaining 30 percent, the house keeps 10 percent as fees and the other 20 percent is used as the seed value of the next Bad Beat Jackpot.
Reliable online poker rooms such as Carbon Poker, Poker View, and Lock Poker form part of the Merge Poker Network. Currently, the Bad Beat Jackpot at Merge Gaming Network is worth over $219,000.
