20/40 last night had a qualifying hand. 99 vs. KK. Good thing the richest players in the room aren't in on it.

I thought those were the 5/10 nl crew

Actually, the BBJ is a losing proposition. I play 20/40, and am thrilled not to contribute that dollar.

I used to believe this until I went last night and saw what the current BBJ has done to the room.

Since 2/5 gets dropped at $100 has this mostly kept 2/5 and 5/10 players away from flooding 1/2 I'm guessing?

Should I expect many 2/5 regs still table selecting 1/2 anyways even w/o a high BBJ?

I play 10/20 and don't mind the dollar drop
It's great for the room
And at 100 I'm not counting the rake that closely
I'm all for anything that keeps Foxwoods number 1 in tables open
After going to Las Vegas and seeing how rare anything but NL was
I all for promoting this room

If the BBJ were always this high, I'd agree with you. But the other 90% of the time, I think it's a bad deal, both mathematically and in terms of its limited impact on the room. So enjoy this while it lasts.

http://www.foxwoods.com/badbeat.aspx

2013 Poker Bad Beat Jackpot Winners
January 6 - $95,562 The winner took home $47,783 of the prize money. Second place received $23,891.
January 10 - $53,239 The winner took home $27,775 of the prize money. Second place received $13,889.
February 2 - $143,235 The winner took home $71,614 of the prize money. Second place received $35,809.
March 19 - $317,769 The winner took home $158,887 of the prize money. Second place received $79,442.
March 22 - $125,041 The winner took home $62,517 of the prize money. Second place received $31,260.
April 6 - $156,403 The winner took home $78,198 of the prize money. Second place received $39,101.
April 21 - $142,270 The winner took home $71,135 of the prize money. Second place received $35,568.
May 15 - $165,919 The winner took home $82,959 of the prize money. Second place received $41,480.
May 16 - $64,601 The winner took home $32,302 of the prize money. Second place received $16,150.
June 24 - $230,121 The winner took home $115,058 of the prize money. Second place received $57,530.
August 26 - $357,525 The winner took home $178,762 of the prize money. Second place received $89,381.
October 21 - $408,515 The winner took home $204,260 of the prize money. Second place received $102,129.

2012 Poker Bad Beat Jackpot Winners

January 6 - $253,573 The winner took home $126,784 of the prize money. Second place received $63,393.
January 9 - $107,837 The winner took home $53,918 of the prize money. Second place received $26,959.
January 13 - $67,410 The winner took home $33,701 of the prize money. Second place received $16,853.
February 15 - $204,736 The winner took home $102,368 of the prize money. Second place received $51,184.
April 14 - $446,375 The winner took home $223,187 of the prize money. Second place received $111,594.
April 19 - $190,007 The winner took home $95,003 of the prize money. Second place received $47,502.
July 5 - $508,490 The winner took home $254,247 of the prize money. Second place received $127,123.
July 6 - $192,171 The winner took home $96,087 of the prize money. Second place received $48,043.
July 7 - $82,124 The winner took home $41,065 of the prize money. Second place received $20,531.
August 18 - $256,282 The winner took home $128,140 of the prize money. Second place received $64,071.
September 8 - $208,416 The winner took home $104,208 of the prize money. Second place received $52,104.
September 11 - $92,175 The winner took home $46,085 of the prize money. Second place received $23,044.
October 18 - $207,376 The winner took home $103,684 of the prize money. Second place received $51,844.
November 10 - $185,882 The winner took home $92,939 of the prize money. Second place received $46,471.
December 28 - $335,358 The winner took home $167,678 of the prize money. Second place received $83,840.
December 31 - $143,666 The winner took home $71,832 of the prize money. Second place received $35,917.

Better odds to hit BBJ: 1/2NL or 2/4HE? (<-- Assuming there is there a drop for 2/4?)

I would assume 2/4 limit because it's cheaper for more people to play more hands that would otherwise get folded out at some point (suited gappers and such).

Yeah but at this point I don't think anyone is folding those types of hands at 1-2 either

Exactly. I got berated for calling a decent sized raise with 54 suited and flopped a straight and busting AK

How much is this thing growing every 24 hrs ??

Seem likes 10-15k

Normally, it averages about $5000/24 hrs, higher after weekends, a bit less during the week. It's growing faster than that right now because of holiday week and size of JP ---> more tables running.

I hate this. Someone ever questions how I play my hand I just reply "I don't have to defend myself". Shuts them up and really grinds them.

I just mocked him for jamming his money in drawing dead on the flop

All right, someone posted all the bbj winnings dished out in the last two years. I got bored and intrigued by all those digits.

I'm not including the current jackpot.

2012 saw $3,481,878 in pay outs before taxes
2013 so far is at $2,260,200 in pay outs before taxes

This amounts to $174,094 in 2012 and $113,010 in 2013 going to the house as part of the 5% they keep. For a total of $287,104 that is leaving the poker room right there.

I googled around and I seem to think it's 25% tax rate on this kind of winning? Anyone know from experience here?

Assuming it is 25%, this amounts to $870,470 in 2012 and $565,050 in 2013 for a total of $1,435,520 going to uncle sam and not staying in the poker room.

With the 5% that Foxy keeps and 25% to the govt that is $1,722,623 in 2 years that has left the room.

Then who knows how much the winners of BBJ actually put back into the room. Probably a small percentage.

Not a good way of maintaining the room.

That's a whopping total of $98.32 per hour taken from the room, (split over whatever the average # of players in the room is).

Hardly noticeable, and the Benefits far outweigh the costs.

Not exactly. You can't use 1,722,623/(8765*2). One sec. Let me see if I can figure it out.

Why can't you? 17544 hours for this + last years.

Because there's 70 days knocked off at the beginning of that list and at the back end. That's 1680 hours.

January 6 2012 is first hit on that list and October 22, 2013 is last hit. So if you want a number do that window.

So it would be $1,722,623/15850 which is $108.68 per hour.

"In theory", you shouldn't count the 25% going to taxes because:

1. Some of that money would be paid as taxes anyway via any winners that year (yeah yeah lol and all that, which is why "in theory" is in quotes, but it's supposed to be happening).
2. The money that doesn't leave the room that way is being passed back and forth on the table and grinded down via rake.