Online leading poker sites and members of the Cereus Network, Absolute Poker and UltimateBet.com have announced that their Bad Beat Jackpot has recently grown to over $600,000, which means that the next Player losing a hand of Texas Hold'em with at least quad 8's or better will get $195,000.

Since the inception of the Bad Beat Jackpot at AbsolutePoker and UltimateBet.com, a total of 23,432 players have shared more than $39 million in jackpot prizes; including about $8.5 million only in 2009.

"Someone's about to pocket another huge jackpot. Imagine winning more money than most people make in a year of their working lives. We're ready to award hundreds of thousands of dollars in jackpot money by losing a hand of Texas Hold'em. It's unbelievable." stated Annie Duke, UltimateBet's Cardroom Consultant.

Bad Beat Jackpot is just like traditional Texas Hold'em poker with an added jackpot component. $0.50 is collected from qualifying poker hands and placed into a constantly growing pot until someone hits the jackpot. When an online poker player loses a hand with four eights or anything better while seated at a Bad Beat Jackpot table, 65% of the jackpot is divided among Bad Beat Jackpot players including those seated at a Bad Beat Jackpot table featuring the same limit and game type as where the bad beat occurred. At the $600,000 mark, the loser of the Bad Beat Jackpot hand stands to take home over $195,000. The winner of the hand will walk away with $97,500. An additional $1000 will be won by every other player seated at the table where the bad beat occurred and another $97,500 distributed amongst all players at tables playing the same game type and stakes. As the Bad Beat Jackpot grows, those numbers rise with it.

Complete details on Absolute Poker and UltimateBet's Bad Beat Jackpot offerings can be found at Absolutepoker.com and Ultimatebet.com.