Regarding Poker

KADI made online poker history by hitting a record-shattering $821,670.69 bad beat jackpot at Absolute Poker!

It happened today, August 29th; KADI lost a 10-high Straight Flush to a King-high Straight Flush. Normally, a loss like that would be upsetting, but not this time. Seated at one of Absolute Poker’s Bad Beat Jackpot tables, KADI’s losing hand netted her $267,042.97 in cash for her share. The pot winner walked away with $133,521.48 and the participants in the hand each received $33,380.37.

To date, Absolute Poker has paid out over $1.5 million in bad beat jackpot money at their Bad Beat Jackpot tables.

How Absolute Poker’s Bad Beat Jackpot Works:

Look for the ‘Bad Beat Jackpot’ cash tables, and they’ll collect $0.50 from the pot of each raked hand that is raked 25 cents or more. The bad beat poker jackpot will keep growing until someone hits a qualifying bad beat. If you lose a hand holding four eights (8888) or anything better, that’s a bad beat.

If your hand suffers a bad beat then everyone at the table will win a piece of the distributed jackpot. As soon as someone hits a qualifying bad beat, 65% of the jackpot will be shared between everyone at the online poker table where the bad beat went down. 25% will go towards the next jackpot and 10% will go to the house and they’ll take the new amount and divide it amongst the players seated at the Bad Beat Jackpot table.

- The loser of the hand, i.e. the bad beat victim - will take 50% of the prize
- The winner of the hand will take 25% of the prize
- The rest of the players seated at the table will share the remaining 25%

Congratulations to KADI and the rest of the players who cashed in big-time and became part of poker history!

Wanna try your luck, or should I say bad luck? Then head over to Absolute Poker and join one of their Bad Beat Jackpot Tables… you never do know!

Every poker player has heard the old adage, ‘a chip and a chair’. This saying holds even truer when playing in a NL Texas Hold’em tournament. Why? Because doubling up your small stack just a couple of times may just put you back into the tournament and a shot at the money, or win it, like Jack “Treetop” Straus did in the 1982 WSOP Main Event.

Jack “Treetop” Straus (1930 - August 1988) was a professional American poker player. He played in the World Series of Poker in the early 70’s and won the 1982 WSOP Main event in 1982, giving him two WSOP bracelets.

Supposedly the poker aphorism, “A chip and a chair”, originated when Jack Strauss won the 1982 WSOP Main Event with a comeback from having only one chip.

The ‘one chip comeback’ did happen, but the story differentiates. The most common story is that he had all his chips in a hand and lost, but as he was getting to leave the table he noticed that he had one $500 chip under a napkin. Because he didn’t declare an all-in, the tournament director allowed him to continue playing and he ended up winning the tournament.

The modern belief was that it happened at the final table, but the 1983 classic book, The Biggest Game in Town suggests that it occurred on the first day of the tournament.

So there you go, you now have an interesting story to tell fellow poker players the next time someone says, ‘A chip and a chair’…

Here is an entertaining Youtube video collection of the 1973 World Series of Poker.

It’s just amazing how it was back then compared to today. This is a great series and a wonderful history lesson of the WSOP.

The field in the 1973 World Series of Poker (WSOP) was only 13 players for the main event and the buy-in was still the same as today, $10,000!

1973 WSOP Videos:

Part One (9:43)

Part Two (9:55)

Part Three (9:53)

Part Four (9:51)

Part Five (8:03)

It is simply amazing how far the WSOP has come.