- Poker Bad Beat Jackpot Taxes Calculator
- Poker Bad Beat Jackpot Taxes Online
- Poker Bad Beat Jackpot Taxes Today
- Poker Bad Beat Jackpot Taxes 2019
(1) Winnings must be reduced by the amount wagered and the proceeds must exceed $5,000. (2) Payments made to non-resident aliens are subject to withholding and reporting on Form 1042-S (Proceeds from traditional blackjack, craps, roulette, baccarat, or big wheel 6 are exempt from withholding and reporting.). To take part in the Bad Beat Jackpot, simply opt in by clicking the Bad Beat ticker at the bottom right of any qualifying table. Once you have opted in, you will contribute 2 cents per hand towards the jackpot. As long as you are opted in and contributing, you’ll be eligible to win part of the jackpot if it hits.
May 30,2013 – Badbeat Jackpot Winners – Jessie Go & Jerry Park – Aces Full Of Tens Beaten By Quad 10’s.
- The bad beat daily progressive jackpot shall apply to all Texas Hold’em Poker cash game tables only. The following tables include a bad beat jackpot rake.
- No limit Texas Hold’em: P25/50. P50/100. P100/P200 or above.
- In order to qualify for bad beat jackpot, a hand must be aces full of tens or better losing to a higher ranking hand being four of a kind or better.
- Both the winning and losing hand must use both their hole cards to create the highest possible hand.(If four a kind is beaten, either two of the four, or one of the four plus the kicker which plays, must be in the player’s hole cards.)
- If aces full of tens are beaten to qualify, at least one of the cards in the losing player’s hole cards must be an ace(three aces on the board combined with a pair in a player’s hand do not qualify for the bad beat jackpot).
- In order to qualify for the bad beat jackpot, the hand must go to a showdown. The hand must be played to the end where all cards have been dealt until the river, players have completed betting, and a winner is confirmed.
- Both the winning and losing hands must be the player’s best possible combination of five cards. Only the first and second best hands will qualify.
- If a straight flush or a royal royal flush is being used as a qualifying hand, both hole cards must be used to make the best five card hand possible.
- A player’s kicker must play and beat the board. The bad beat jackpot does not qualify if the kicker ties the board.
- A pot must be at least twenty times the big blind in order to qualify for the best bad beat jackpot.
- No bad beat jackpot rake will be removed if a table has four or less players. The following condition are enforced for the bad beat jackpot rake with five or more players on a table:
- P25 will be removed from a pot that totals P250-P499 including rake.
- P50 will be removed from a pot that totals P500 or more including rake.
- NO flop, no drop policy is enforced for the bad beat jackpot rake.
- A minimum of five players must be dealt in and seated at the beginning of a hand and collection of the bad beat jackpot rake must be completed in order to qualify.
- Any player who not dealt in at the start of the hand will not be eligible for a percentage of the bad beat jackpot distribution, should it qualify.
- Any player who removes their chips from a game prior to a showdown on a hand when the bad beat jackpot is won forfeits their right to any prize money.
- Any player who walks away from the game but leaves their chips on the table and they were dealt in at the hand at the beginning will retain their rights to their share of the bad beat jackpot prize money should a bad beat jackpot qualify.
- Players must play their hands independently. If any player, whether directly or indirectly involved in the hand. Passes information or instructs another on how to act on reveals their hand to other players. The bad beat jackpot will be disqualified.
- Any players exposing their cards before an action is complete will disqualify the bad beat.
- Any irregualarities with the dealt and the hand and play will disqualify the bad beat jackpot.
- 70% of the daily bad beat jackpot fund broken down as follows:
- 70% to the main bad beat jackpot fund.
- 30% to the reserved bad beat jackpot fund.
- 30% administration fee is deducted from the daily bad beat jackpot rake wherein the PAGCOR license fee rate will apply.
- The bad beat jackpot drop box is located on the left hand side of the dealer and is duly indicate on the table.
- Players are eligible to win the badbeat jackpot which will be updated at 4am. The below table is the primary payout distribution with the reference to the posted bad beat jackpot amount:
LOSING HAND 40%
WINNING HAND 20%
OTHERS PLAYER DEALT IN 40% (divided equally among them)
Poker Bad Beat Jackpot Taxes Calculator
- The bad beat jackpot will remain pending until is verified by Wild Aces CCTV and PAGCOR.
- All tables are deemed active upon the dealer’s first riffle. The moment a bad beat jackpot has been hit on any table, the table of which the bad beat jackpot has been hit will deemed inactive.
- In the rare occurrence of the jackpot being hit again before the verification of the first jackpot is complete, the second jackpot will be eligible for the seed value from the reserved bad beat jackpot fund. If the initial bad beat jackpot hand did not qualify, the second jackpot will be entitled to the main fund once verification is complete.
- If two jackpot are hit at the same time, the table of which the dealer has conducted the first riffle ( to be verified by CCTV) will be entitled to the main fund, and the second table will be entitled to the reserve fund seed value.
- All winning players are required to provide two valid identification number and submit their TAX identification number (Passport if foreign national) in order to get paid.
- All participants must be atleast 21 years of age. WILD ACES POKER SPORTS CLUB holds the right to decline the acceptance of the player from receiving the jackpot if found to be blacklisted(Self-exclusion, barred , suspended, etc.). For this situation, the winning funds of the player will be added to the reserved bad beat jackpot fund.
- The WILD ACES POKER SPORTS CLUB is not permitted to reconstruct any hands in any way. There will be no recourse if a player’s cards are flawed before surveillance is able to verify hands.
- Any dispute or situation not covered by the officials rules will be resolved by the WILD ACES POKERS SPORTS CLUB Management in a manner deemed by them to be fairest to all concerned, and that decision shall be final and undisputable on all participants. In addition, the WILD ACES SPORTS CLUB Management reserves the right to void any entry, and/or to change, cancel or modify this promotion at any time subject to regulatory approval.
Poker Bad Beat Jackpot Taxes Online
1. Qualifying hands for a Bad Beat Jackpot must be Aces Full of Tens or better Beaten by Quads or better.
2. Both the winning and losing hands must be player’s best possible combination of the five cards.
3. Both hole cards in each player’s hand must play (both hole cards must be part of the five (5) cards being played) and must go to a SHOWDOWN.
4. Both hole cards in each player’s hand must be used in making the best possible five-card hand (if Four-of-a-Kind is beaten, either two or the four, or one of the four plus the Kicker which plays must be in the player’s two-card private hand);
5. The pot must be at least twenty (20) times the big blind, and house and jackpot rake are included in the total pot prize.
6. A player’s Kicker must play and beat the board. There is no Jackpot if the Kicker ties the board.
7. If there are more than (2) two hands involved in a Bad Beat Jackpot, Then the (2) two highest hands will be considered for the Jackpot. The highest hand being the WINNING HAND and the second highest hand being the BAD BEAT HAND. The others will qualify for the table share.
8. If Aces full of Tens is beaten to qualify, at least one of the cards in the losing player’s two-card private hand must be an Ace (meaning the three Aces on the board combined with a pair in a player’s hand does not qualify for the bad beat jackpot).
9. A player must be dealt in the hand to qualify for a forty percent (40%) table share.
10. Unseated players are not qualified for table share, ( Badbeat Jackpot)
11. There must be a minimum of five (6) active participants dealt in at the table to qualify for a Bad Beat Jackpot.
12. All players at the winning table shall be required to show photo IDs in order to get paid.
13. Only Table 6, 7, 8, 9 are qualified for the Jackpot Table.
14. Table 1, 2, 3, 4, 5 are not Jackpot Table.
Poker Bad Beat Jackpot Taxes Today
At the discretion of PAGCOR, the following may avoid the Bad Beat Jackpot and/ or disqualify a player from eligibility to the jackpot;
Poker Bad Beat Jackpot Taxes 2019
1. Discussion of hands during play by players
2. Violation of the “one player to a hand rule”