Steve Gedney sets a new poker Bad Beat Jackpot record at the Caesars Atlantic City. Gedney still finds himself a winner after a monster beat and took the record for the largest Bad Beat payout of $553,958.
It was an unforgettable day for all the loyal players and to their dedicated poker team at Caesars when Gedney threw all their attention when his spades in quad paid off. He drew all the attention in the poker room as Joe Domencio, senior vice president and general manager of Caesars Atlantic city claimed.
Everyone felt rewarding being present at the poker room for it was an incredible energy building inside the room and seeing the record setting jackpot being culminated is an unbeatable feeling. For over 30 years as the leader in table games action in Atlantic City, it seems that this record of Bad Beat Jackpot will stay at Caesars only.
The prize paid at the Bad Beat Progressive Jackpot at Caesars Atlantic City is done when four-of-a-kind is shown down and the player loses to another player who has a stronger hand held. The losing hand receives the largest share when the jackpot is won for the prize is split among all players at the table of the bad beat.
Breakdown of payouts are as follows: 50 % to the losing player, 25% to the winning player and the remaining seven players will divide the 25% percent left equally.
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