What’s the appropriate tip for a poker bad beat jackpot

$350

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$350

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This shite is so played out.

IF you must give 'em $100 apiece and call it a day

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I don't think I was aware of this and am a little confused. So the casino pays out this money to the 2 who were involved in a hand of poker with a $500k jackpot in addition to the money won in the pot?

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Part of the rake on every hand goes into a bad beat jackpot. The money builds up until somebody wins it. As the OP said, it's really hard to win it. It takes two monster hands, like quads over quads. So the pot can get pretty large since it's rare to have two hands like that.

I always heard 10% was customary on a bad beat jackpot. I don't know if that is of the pre- or post-tax amount; I never sniffed one.

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If the jackpot is 500k, the losing hand gets 50%(250k), winning hand gets 25%(125k), and the remaining 25% gets divided among the remaining players(around 16k).

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So I win and get less than the guy I beat? That's stupid.

Or is this separate from the main pot?

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Or is this separate from the main pot?

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It's a separate pile of money that accumulates until someone wins it. Like powerball.

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It comes from the casino.

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It comes from the promotion money that they pull out of every $20 pot. All of a poker room's promotions come from this money, which is straight off the table.

I'd say that 3-5% is customary. I'm a cheap arse, so I'm going closer to 1-2% after I deduct for the top bracket and state taxes.

If I won 40,000, I'd only be tipping off 22,000. 1% of that is 228, and I'd round it up or down to 250 or 200, depending on how I feel.

Who tf said 10% is customary?

For everyone confused, the bad beat jackpot is a running side pot the casino keeps for all poker tables. A certain percentage of their take goes into the pot for each hand played. It can build up into the hundreds of thousands of dollars.

The jackpot is won on a bad beat. The gist is a bad beat happens when someone with a monster hand that should win nearly 100% of the time gets beaten by someone with an even more monster hand. Imagine you have four nines and expect to easily win the hand. There ain't much that beats four nines. However, when the guy across the table from you flips his cards over, you find out you got beaten by four tens. The smallest hand that can trigger a bad beat is set by each casino so they can tailor the expected frequency they want bad beats to happen at. If your beaten hand is as strong or stronger than the minimum the casino set, the bad beat is in play. Let's say the casino in our example says that the bad beat is in play if four 8s or higher is on the table.

In our example, the guy with four tens wins the normal table pot for the hand, just like a normal win. I'm holding four 9's and have lost the hand, but my hand is stronger than the casino's bad beat minimum hand of four 8's. WE WERE SAD BUT ARE NOW HAPPY (and probably screaming, so everyone on the floor knows that something big just went down)! The money in the bad beat jackpot is then split amongst everyone at the table. Normally, the guy who took the bad beat (four nines in our example) gets half of the jackpot. The guy who won the hand (four tens) gets a quarter. Anyone who played in the hand (even if they'd folded before the beat happened) splits the remaining 25% equally. The jackpot then returns to its minimum value (it doesn't go to 0, usually several tens of thousands of dollars) and it again builds up slowly over time, with the casino throwing in a little bit for each hand played.

I was at the boat downtown to play poker before L'auberge opened. At that time, you had to get on a wait list on Sunday afternoons because it was the only table in town at the time. We were waiting to sit down and watched a bad beat happen. Not only did a bad beat happen, but THREE hands were stronger than the casino's cutoff point. When a bad beat happens, they lock the table where it happened down and the casino and state police review the tapes and make sure there were no shenanigans that happened before paying out. It takes a while in any event and three hands qualifying for a bad beat made them even more wary. Not 45 minutes after the first bad beat, a SECOND one happened. At that point, the poker tables basically all shut down and the state police put the hairy eyeball on everything and everyone. We did not get to play that afternoon.

It was like that scene in Casino when the slot machine hit twice. The odds said that it wasn't supposed to happen, and they wanted to know why it did.

I often wonder if the guy with the third strongest hand jumped off the bridge that afternoon. The jackpot was near $200k, so he figured he was getting $100k because of the bad beat when he saw the first hand that beat him. When the second hand that beat him was shown, though, he got the same share of 25% as everyone else at the table who wasn't in the top two. Since the tables were full, that meant he split $50k with something like 6 or 7 other people and walked with a few thousand bucks instead of $100k.

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PeteRose

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I am happy to see you still haven’t changed a bit.