The losing hand must contain four of a kind 8s or better. You always have to use both hole cards to be able to win the bad beat jackpot, and the same goes for your opponent. So, if there are four tens on the board, and you lose with a king to a player with an ace, you won’t win anything. There has to be a showdown in the hand. If a player folds before the showdown, there won't be any bad beat jackpot.
You have to participate in the hand to win anything. You have to receive cards so if you are sitting out, or did not deal with cards, you will not have any share in the jackpot reward.
You can’t collude to get the bad beat jackpot, so, you can not talk about the hand or soft play to get to showdown. You have to play the hand like you would if there were not any jackpot. Players are expected to act in their own best interests and may not collaborate in any way to win the jackpot. Any contravention of this will result in the hand being unqualified for the jackpot.
Note that only when playing on the jackpot cash-game tables (Tables marked ) You can win a jackpot. On this tables, plus (2.5%) rake, you pay 0.2% more rake (2.7%) , this amount will be added to the bad beat jackpot reward.
If more than two hands qualify for the bad beat, then the two highest hands count as the ‘losing bad beat’ and ‘winning bad beat’ hands. In this case that two qualifying jackpot hands occur at the same time, the hand which is completed first is winner of the Bad Beat Jackpot reward.
King Shark has deposited $1000 on bad beat jackpot's pocket for the start and with playing on jackpot tables, this amount will grow everyday.
50% of the whole jackpot is distributed as follows:
80% of the whole jackpot is distributed as follows: