Points to consider
Keep in mind that collecting a bad beat jackpot might be illegal where you play. You are taking money from each pot (or entry fee) with the intention that the money taken from the pot will eventually be paid out to the players. Paying it out the same night might not be a problem but "holding" it from one poker session to another might be pushing your luck.
Asking your players to contribute money to a bad beat jackpot, and bounties, and other "distractions" from the true poker game might be too much. Many players don't want to hear that you are keeping a percentage of the buyins for bounties on each player, and a percentage of the buyins for a bad beat jackpot because it lowers the money paid out to the final winner(s). This is especially true when the jackpot is not necessarily going to be awarded during the current session of poker - you might be collecting money from tonight's players but paying out the jackpot(s) to next week's players.
I was thinking about having a jackpot in my homepoker(cashgame) by collecting each game's small blind, which is usually a dime, into a big jar or something. I was planning to accumulate the jackpot to the following homepoker until it gets hit, and then start it over again.
I will be having a big white board on the wall that clearly explains about the jackpot, and I will be confirming each player's agreement to the jackpot.
Will this really be considered illegal?? My poker members are usually the same but sometimes I do have some guest comming over. Since it is illegal, is it possible for someone to, for example, sue on me for raking the pot for each hand?
Any opinion will be appreciated
