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Vegas Luck Hits UltimateBet as Online Poker Player Cashes in on 546253.86...

A little Vegas luck was definitely on one online poker player's side Tuesday morning. A Texas Hold'em player with the moniker "joeyvegas0711" popped UltimateBet (http://www.ultimatebet.com/)'s latest Bad Beat Jackpot, which had been sitting at a staggering $546,253.86.

The jackpot exploded at 10:38am on May 27th when joeyvegas0711 turned over an assumingly unbeatable four queens. But everything changed the moment babybaby16 flipped over a queen-high straight flush and swept the $35.44 pot in his direction.

For his losing hand, joeyvegas0711 took home $177,532.51 of the $546,253.86 Bad Beat Jackpot. BabyBaby16 added an additional $88,766.25 to the $35.44 pot and 270 other players shared another $88,766.25.

Bad Beat Jackpot (http://www.ultimatebet.com/poker-promotion/bad-beat-jackpot) is just like traditional Texas Hold'em poker with an added jackpot component. In addition to rake, $0.50 is collected from qualifying poker hands and placed into a constantly growing pot until someone hits the jackpot.

When a poker player loses a hand with four 8s or anything better, 65% of the jackpot is divided among Bad Beat Jackpot players (25% remains in the pot for the next jackpot and 10% is dedicated towards administrative fees). All poker players seated at a Bad Beat Jackpot table featuring the same limit and game type as where the bad beat occurred also win a piece of the jackpot.

Full details on UltimateBet's Bad Beat Jackpot game can be found at www.ultimatebet.com.

About UltimateBet:

Designed with the assistance of the best poker players in the world - Phil Hellmuth and Annie Duke - UltimateBet provides the best poker games available on the net. Players can download the free poker software (http://www.ultimatebet.com/download), play in free ring games and tournaments and get tips from these pros to learn the sport or to enhance their playing strategy. UltimateBet currently has over 2 million registered players.

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