$1 raked from every pot over $10.
Here are my rules:
Bad Beat Jackpot
1. The amount of the small blind will be raked from any pot over $10 to fund the Bad Beat
2. There will be two bad beat jackpots, one for Texas Hold Em, and one for Circus games
3. Any cash game held outside a charity event will be Bad Beat eligible
4. Minimum qualifying hand for the bad beat is Aces Full beaten for Hold Em
a. The minimum qualifying hand will drop each $200 the jackpot raises
b. $200 – Aces Full Beaten
c. $400 – Kings Full Beaten
d. $600 – Queens Full Beaten
e. $800 - Jacks Full Beaten
f. $1000 – Tens Full Beaten
g. $1200 – Any Full House Beaten
h. $1500 – Ace High Flush Beaten
5. Minimum qualifying hand for the Circus bad beat is Quads beaten
a. No Wild Card Games are eligible
b. Both qualifying hands must play in the same pot for split pot games
6. For a hand to be eligible to qualify for a Bad Beat, the pot must meet a minimum of $10
7. Both the winning and losing hands must use both of their hole cards to create the highest possible hand
8. Payouts of the Bad Beat are as follows:
a. 50% of the Bad Beat prize will be awarded to the Bad Beat hand (losing hand)
b. 25% of the Bad Beat prize will be awarded to the winner of the hand
c. 25% of the Bad Beat prize will be awarded equally among the remaining players of the game who received cards at the beginning of the hand
d. All players at the table will be dealt cards – even if absent from their seat
9. There must be a minimum of four players for the game to be bad beat eligible
10. The Bad Beat is seeded with $100 by host – all raked money will first pay back host, then accumulate to build the jackpot over $100
11. The nightly rake will be counted in front of another player to maintain transparency and the jackpot total will be kept on the white board