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Loser Takes Home Winnings

There are only a few times when it truly pays to be the loser, particularly in the online casino gambling industry. In this case, there is a game built just for the losing poker gamblers – they can walk home with the huge jackpot winnings if their losing hand triggers a bad beat jackpot win. The Bad Beat jackpot concept has caught on pretty big at the online casinos – gamblers have embraced the fact that they are able to gamble at the poker tables as normal, take home winnings if they win the poker hand, but then have the added reassurance that they will trigger the huge jackpot if they manage to lose their poker game with what is traditionally considered a winning hand. A new “loser” was announced this week at Absolute Poker.

Now operating on the Cereus Network, the online casino gamblers are able to wager poker hands and play as they normally would at any poker table – except for these hands all feed into the accruing Bad Beat jackpot. A Florida gambler is the lucky winner of the recent Bad Beat payout – although offshore online casinos are banned in the US many gamblers are still able to access their accounts at the handful of sites that still accept US gamblers (and more importantly, are still able to payout winnings to the US players). For this biggest loser, it was a pretty impressive payday. The entirety of the Bad Beat jackpot is not paid out to just the “losing” player, but is instead split between all of the gamblers at the poker table.

In this case, Florida player EMILIE14 triggered the $807,543.95 jackpot and took home a whopping $270,843.03. The next largest portion of the jackpot was paid out to the player who actually won the hand of poker, with the other players at the table receiving the rest of the sums.