There's a six-figure jackpot up for grabs at Caesars Windsor (one of four casinos in the Detroit-Windsor area) at the moment. The bad beat jackpot in the poker room surpassed $207,000 last night, which means that it's the highest level it has reached since the casino started offering it in 2008.
According to Chris Baker, a senior casino shift manager at Caesars, there have been lots of poker players at the casino in the past few days, and many of them started getting really excited once the jackpot reached $200,000.
This is how the bad beat jackpot works...
The bad beat jackpot is awarded when a a player loses with four of a kind (or better) against a better 4 of a kind, or straight flush. If you lose the hand, you get 50% of the jackpot. The winner of the hand will get 25% of the bad beat jackpot and the remaining 25% is devided between the other players at the table. According to Wednesday's figures, the "loser" would take home about $103,000 and the "winner" about $52,000.