Bad Beat Jackpot winner - wins Over $104,000

Winner of Absolute Poker´s Bad Beat Jackpot .... goes by the name of CHAAWUU. This latest win represents our biggest jackpot yet and we're just getting started," stated David Clainer, senior vice president for Absolute Poker. "We're turning losing hands into cold hard cash and Texas Hold'em players are loving it." Since the 3rd jackpot was hit on June 26th, online poker players swarmed to Absolute Poker in droves in hopes of hitting a qualifying bad beat and becoming the 4th Bad Beat Jackpot winner. Countless played up to three Texas Hold'em tables at once, driving the jackpot up even faster. To help the jackpot build, $0.50 is collected from qualifying hands at Bad Beat Jackpot tables. As a result of the game's popularity, the latest jackpot grew by over $2,000 every hour. By early morning on July 3rd, the jackpot had reached $297,287.63. Absolute Poker  is the only online poker site open to American players to feature Bad Beat Jackpot tables. If a player loses a hand holding four 8s or anything better at a Bad Beat Jackpot table, they'll win a piece of the Bad Beat Jackpot. A percentage of the jackpot is shared amongst the players where the bad beat occurred and a fraction of the jackpot is placed back into the pot for the next jackpot. In this case, the 5th jackpot starts out at $59,457.53.