It couldn’t be more fitting for a 2-day old poker network. An online Texas Hold’em player, who registered with UltimateBet a handful of days ago, has won over $250,000 playing Texas Hold’em at UltimateBet’s Bad Beat Jackpot tables.

As a result of the significantly expanded player base of CEREUS, the Bad Beat Jackpot at the online poker site had reached $789,827.72 by Thursday morning before an online poker player with the moniker square_route lost a hand of Texas Hold’em holding a straight flush.

At ordinary Texas Hold’em tables, a loss like that would leave any poker player devastated. But at UltimateBet’s Bad Beat Jackpot tables, it pays to lose.

Bad Beat Jackpot is just like traditional Texas Hold'em poker with an added jackpot component.