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Steve Gedney Wins Caesars Atlantic City Bad Beat Jackpot

It is not often that a poker player endures a monster beat and still finds himself a winner, but for poker player Steve Gedney, his Bad Beat Jackpot win at Caesars Atlantic City paid him off in spades when his quad four card hand fell victim to river quad aces.

Although he lost the card hand, Gedney went home with the bigest Bad Bet payout to date-$553,958. Joe Domenico, the senior vice president and general manager of Caesars Atlantic City said on January 20th, 2010 that they are very happy that Gedney's win has helped attract attention to their poker room.

Domenico said that the enery building in their poker area these past few months has been incredible and to see it culminate in this record setting bad beat jackpot is very exciting. He added that as a leader in casino table games action in Atlantic City for more than thirty years, it seems only right that this record breaking bad beat stay at Caesars.

The Bad Beat Progressive Jackpot at Caesars Atlantic City is a cash prize paid when the four-of-a kind is place down and the player loses to an even stronger card hand held by another poker player. When a Bad Beat Jackpot is win, it is divided among all poker players sitting at the table at the time of the bad bead with losing card hand getting the biggest share.

The breakdown sees fifty percent go to the losing poker player, twenty-five percent goes to the winning poker player and the remaining twenty-five percent is divided among the remaining seven poker players in the table.

Bad Beat Jackpot Payouts: Losing Hand, 1st place: Steve Gedney with $276,979. Winning Hand, 2nd place: Chris Dobrzanski with $138,489. The remaining seven poker players at table each won $19,784.

 

02/28/2010, Sunday
Matthew Dorst

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