It's been a great winter for those who have had monster hands beaten in AyCee poker rooms.
Tuesday night, the town's biggest ever bad beat jackpot--$306,225-- was hit at Borgata when Ocean City resident Michael Richard had his four 7s topped by the four 10s held by William Stewart during a $2-$5 No Limit Texas Hold'em game.
Bad beat jackpots are cracked when a previously designated minimum hand--at Borgata it's four 2s--loses to a higher hand. The money that has been accumulating in the progressive pool is then distributed according to a pre-determined formula to everyone who had been dealt cards that hand.The money is collected from a $1-per hand "rake" at each table.
By losing, Richard won a whopping $122,487. Stewart's take was $61,245--in addtion to the approximately $800 that was in the pot. The other seven players at the table were awarded $17,500 for their trouble.
Stewart's record-setting win followed comes just nine days after the Tropicana's bad beat jackpot was hit for $131,272. In that hand, a player had his "quad" 10s topped by a king-high straight flush.
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