SAN JOSE, Costa Rica -- (PRESS RELEASE) -- Popular online poker site Americas Cardroom is putting an end to bad beats—or at least an end to its Bad Beat Jackpot promotion. Effective September 1st, Americas Cardroom is phasing out the online poker contest that paid players for losing a hand with a pair of eights or better.
Moving forward, players will no longer be paying a fee into the Bad Beat Jackpot, however the 6-figure prize pool ($175,000+) remains for anyone to pop.
"We're responding to player feedback by delivering the type of experience diehard poker players want," stated Michael Harris, spokesperson for Americas Cardroom. "We've heard from our players and a lot of them are telling us that the Bad Beat Jackpot in its current form isn't something they find attractive. So we're changing the concept of how players get paid."
On September 1st, the Bad Beat Jackpot will be frozen, but it won't disappear. Poker players are still eligible to pop the jackpot until the value is depleted. Poker players can sit down at Americas Cardroom's jackpot tables and play for a piece of the jackpot without having to contribute any fee.
Moving forward, the fee collected at Beast tables will go entirely toward feeding The Beast instead of being split between the Beast and the Bad Beat Jackpot.
Currently the Bad Beat Jackpot collects a $0.25 fee on stakes $1/$2 and lower feeding $0.08 to the Bad Beat Jackpot, $0.13 to The Beast Cash Race and $0.04 to The Beast Tournament Race. On stakes $2/$4 and higher a $0.50 fee is collected sending $0.33 to the Bad Beat Jackpot, $0.13 to feed The Beast Cash Race and $0.04 to The Beast Tournament Race.
Starting September 1st ALL stake levels will collect a $0.25 max fee at Beast tables, with $0.18 dedicated to The Beast Cash Race and $0.07 allocated to The Beast Tournament Race. Micro stakes tables $0.05/$0.10 will no longer charge a fee.
The Beast is Americas Cardroom's progressive points race that's funded entirely through the poker site's jackpot tables, using players' shared jackpot contribution money. At the end of each month, the prize pool in The Beast is distributed to players who rank on The Beast leaderboard.
Anyone who sits down at a cash table marked Jackpot automatically becomes part of The Beast competition by earning points through participation in a raked hand. While more points are earned at higher stake levels, everyone participating in the same raked hand earns the same number of points—regardless of how much rake they contributed to the pot.
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