Bad Beat Jackpots - How do they work?

The Definition of a Bad Beat Jackpot according to Wikipedia is the following:

A bad beat jackpot is a prize that is paid when a sufficiently strong hand is shown down and loses to an even stronger hand held by another player.
Not all poker games offer bad beat jackpots, and those that do have specific requirements for how strong a losing hand must be to qualify for the jackpot.
For example, the losing hand may be required to be four-of-a-kind or better. There may be additional requirements as well. For example, in Texas hold 'em there is usually a requirement that both hole cards play in both the losing and winning hands.

Bad beat jackpots are usually progressive, often with a small rake being taken out of each pot to fund the jackpot (in addition to the regular rake).
When a jackpot is won, it is usually split among all players sitting at the table at the time of the bad beat with the losing hand getting the largest share.

The following rules apply to the Bad Beat Jackpot at Piggs Peak Poker:

Four or more Players must be dealt into the hand.
The losing hand must be Four-of-a-Kind - 8's or better.
The hand of the winner and loser must include the hole cards and the hand must go to a showdown.
The hand must have contributed to the jackpot to qualify.

Win Payout Structure

The payout schedule for the jackpot, when won, is as follows:

10% is paid back to Piggs Peak Poker in proportion to how the players have contributed to the Jackpot.
20% is used to seed the next Jackpot.
70% is used for Player winnings.
The 70% Player winnings portion is split as follows:

50% to the loser - the Player with the Bad Beat hand.
25% to the winner.
25% to the other Players who actively participated in the hand.

Bad Beat Jackpot Winners and How the Hands were played out

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