One Hand Loses, Everybody Wins: Mega Beat Progressive Poker Jackpot Hits
Last updated: March 13, 2013 at 4:59 pm. Posted by Las Vegas Blog Staff in Gaming, Las Vegas Casinos, Planet Hollywood Resort, Promotions. Comments Off on One Hand Loses, Everybody Wins: Mega Beat Progressive Poker Jackpot Hits.
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It’s called the Mega Beat Progressive Poker Jackpot, and it hit at Planet Hollywood on Mar. 9, 2013, resulting in thousands in cash for a winner who lost (but won, anyway), a winner (who won, then won even more) and hundreds of other players in poker rooms across Las Vegas.
Perhaps we should explain.
The Mega Beat Progressive Poker Jackpot is paid when a great poker hand loses to an even better one. (In poker, a “bad beat” is when a player with a strong hand loses, anyway.)
The Mega Beat jackpot is a progressive, so the jackpot grows larger over time. Think Cialis, but with money.
When it hit at Planet Hollywood, the prize pool totaled $672,420. The player with the “losing” hand (Alex Adams) was awarded 20% of that jackpot (a cool $136,675), the player with the hand that won (Scott Rosen) received 10% ($69,401), and the remaining 70% was divided among all the players at all the participating Caesars Entertainment poker rooms.
That’s right. When the Mega Beat jackpot hits, every player at every table gets a cut of the cash. At the time this jackpot hit (6:58 p.m. on Mar. 9), there were 238 players, so they each received $2,159. Just for being in the right place at the right time.
So, what hand did Alex Adams have when he lucked out and lost? He had four queens. (Hint: That’s a really, really good hand.) He lost to a heart straight flush to the queen.
Thanks to the Mega Beat Progressive Poker Jackpot, even when you lose you can win.
After the jackpot hits, it’s reset to $200,000. Video displays (see below) in all the participating poker rooms keep players up-to-date about the ever-growing jackpot, and shows real-time payouts, should the jackpot hit, as players come and go. Yay, technology.
Poker rooms taking part in this progressive jackpot, aside from Planet Hollywood, of course, are Harrah’s Las Vegas, The Quad, Flamingo Las Vegas, Bally’s Las Vegas, Caesars Palace and Rio Las Vegas.
Las Vegas is always full of surprises, but winning $136,675 for a losing poker hand has to take the cake.