Boulder Station Poker Player Takes Down Record Bad Beat

[Grant]

Thought I had posted this the other day (but I didn't), think it happened on New Years Eve.

Boulder Station Hotel and Casino on the Boulder Strip was the place where bad beat jackpot history was made early Wednesday morning. The $418,870 Jumbo Hold'em Bad Beat Progressive Jackpot winning/losing hands were dealt at 4:15 AM to a couple of local Las Vegas poker players sitting at table #6 in the Boulder Station Casino's poker room. The jackpot is certainly the largest to be offered in Nevada and possibly the all-time record for live
poker hold'em games.

The jackpot hand came down to two diamond straight flushes. The losing hand and winner of the largest share of the bad beat jackpot held the 7-8 of diamonds. The winning hand and winner of the second largest share held the Queen-King of diamonds. The board brought the three needed cards, the 9-10-Jack of diamonds and the word went out to all the other
Station Casino's poker rooms that the jackpot had been hit. Considering the early morning hour the crowd of 265 hold'em poker players at all of the Station poker rooms demonstrates the attraction power of a big pile of money.

The bad beat jackpot winner's share (losing hand) of the money was $35,000 plus a table share of $1,370 for a total of $36,370. The second place (winning) player, holding the King high straight flush, went home with $21,370 including a table share plus whatever was in the table pot he won. The huge jackpot took approximately nine weeks to build to a record level after starting at $200,000. The payouts of table shares to the other 263 players, receiving $1,370 each, took approximately four hours. The jackpot reset at $200,000 and had grown to a little over $208K during the first twenty hours, an indication that the crowds of poker players are playing on.

[Grant]

I was playing last week on PartyPoker and their bad beat got to around 480k, however I like the payout on Party Poker a little better.

Every time the jackpot is hit, 70% of the jackpot amount will be distributed and 20% will be used as seed amount for the next jackpot. 10% will be retained by Party Poker as administrative fee. Of the distributed amount, 50% will go to the loser of the hand (the Bad Beat), 25% to the winner and 25% will be split between the other seated players who actively participated in the hand (any player sitting out will not receive a portion of the jackpot).

With that, quick math showed that the loser of the hand won about 168,000.00 WOW

[Grant]

However, it would have been nice to just have been playing in a station casino and they walk up hand you $1300.00 because someone hit the jackpot across town.