Seneca Gaming & Entertainment

Salamanca Poker Bad Beats

 

QUALIFIERS FOR JACKPOT:

 

Texas Hold ’em*: A player must lose with four deuces (2,2,2,2) or better to a higher 4 of a kind or better. Both the winning and losing hands must play both of their hole cards
(pocket pair for 4 of a kind).

 

Seven Card Stud: A player must lose with four deuces (2,2,2,2) or better to a higher 4 of a kind or better. Both the winning and losing hands must use at least one hole card.

 

Omaha All Varieties: A player must lose with four nines (9,9,9,9) or better to a higher 4 of a kind or better. Both the winning and losing hands must play two of their hole cards.
(pocket pair for 4 of a kind).

 

For all jackpots, there will be a table requirement that the pot must have a minimum of $20, a minimum of five (5) players must be at the table for Texas Hold’em and Omaha and a minimum of four (4) players must be at the table for Stud.

 

PRIZE DISTRIBUTION:

 

Whenever a jackpot is hit, the day’s posted amount will be divided accordingly.

 

50% to losing hand (second best hand)

 

25% to winning hand

 

25% equally divided between eligible remaining players at the table who do not have a “missed blind” button.

 

If a player is a Seneca Gaming and Entertainment employee the winnings of the employee will be replaced back into the secondary jackpot.

 

The player with the “Bad Beat” (2nd best hand) will receive 50% of the posted amount, the player with the winning hand will receive 25% of the posted amount, and the remaining 25% will be equally divided between the remaining players at the table who do not have a “missed blind” button.

 

All players must have money at the table or be playing behind, to qualify for the Bad Beat Progressive.

 

If two players lose with hands that qualify for bad beats in the same hand, only the higher of the two losing hands will constitute a bad beat.

 

Adjustments to the posted Bad Beat Jackpot amount may be made at the discretion of the house.

 

All employees are ineligible for any Bad Beat progressive payouts.

 

COLLECTION SCHEDULE:

 

Games that qualify for the “Bad Beat” collection are all games of $5/$5 and smaller BLINDS. In all of these games $2 chips/tokens will be taken from every pot when the pot reaches $20.

 

Only $2 Chips/tokens will be put into the “Bad Beat” boxes. The $2 chips/tokens will be placed on the left side of the dealer on the drop slot. The $2 chips/tokens will only be dropped into the “Bad Beat” box after all hands are mucked, the pot is pushed to the winner, and the house rake is dropped.

 

DROP PROCEDURES:

 

1. The $2 chips/tokens will be placed on the left side of the dealer in front of the drop slot

 

2. Muck all losing hands

 

3. Push pot to the winning hand

 

4. Drop the house rake

 

5. Drop the $2 chips/tokens “Bad Beat” chip

  

DISQUALIFIERS:

 

1. A fouled deck

 

2. Players talking about a potential jackpot

 

3. Less than five (5) players

 

4. Less than $20 in the pot, not counting the rake

 

COLLECTION DISBURSEMENTS:

 

The money collected for the Bad Beat Jackpot will be distributed into three (3) distinct accounts accordingly for each game as listed:

 

1. Thirty-five percent (35%) to the primary jackpot

 

2. Twenty-five percent (25%) to the secondary jackpot

 

3. Forty percent (40%) to the promotional account**

  

The above percentages will be effective with the following day’s drop.

  

*Once the primary jackpot reaches $25,000 the jackpot will be capped and the Bad Beat collection will be distributed in the three (3) distinct accounts accordingly until the jackpot is won and below $25,000:

 

1. Zero percent (0%) to the primary jackpot for each individual game.

 

2. Thirty five percent (35%) to the secondary jackpot for each individual game.

 

3. Fifty percent (50%) to the promotional jackpot for all games.

 

4. Fifteen percent (15%) to promotional high hand jackpots.

 

Once the primary jackpot is awarded and the amount is below $25,000 the collection disbursement will revert to the original collection.

 

Collection Disbursement for Promotional High Hand Jackpot amounts will be:

 

Eight percent (8%) to the Royal Flush pool.

 

Seven percent (7%) to the Straight Flush pool.

  

PRIZE DISTRIBUTION OF HIGH HAND JACKPOT:

 

The High Hand Jackpot includes Royal and Straight Flush of any suit unless otherwise noted through a promotional award. Each jackpot can only be won once per day.

 

Whenever a high hand jackpot is hit, the winner will receive fifty percent (50%) of the collection.

 

**The promotional jackpot will include all games and will be distributed accordingly with no regard to which game is being played at the time of distribution, thus making all games eligible for promotional giveaways.

  

Promotions include, but are not limited to, promotional merchandise and other promotional programs designed by Seneca Gaming and Entertainment. Seneca Gaming and Entertainment reserves the right to modify or discontinue this promotion at any time without notice.

  

IRS Requirements

 

Bad Beat falls under table games wagering transaction where a posted jackpot is paid.

 

For US Residents, an IRS Form W2-G is required for Bad Beat winnings with a value of $600 or more and withholdings are required at $5,000.

 

Foreign citizens will be issued an IRS Form 1042-S and 30% withholdings are required

 

All transactions over $10,000 will require an IRS Currency Transaction Report (CTR).

 

Cage Controls

 

A record of each winner receiving non-cash prizes with a value of $25 or more will be maintained by the poker room cage and turned into accounting on a monthly basis. At the end of the calendar year, the patrons who have received cash and non-cash prizes totaling $600 or more will receive an IRS Form 1099.


Seneca Gaming & Entertainment reserves the right to modify or discontinue this promotion at any time without notice.

 

 

Seneca Gaming & Entertainment