The Bad Beat is a Sporting Index market that allows you to bet on the outcome of a specific hand in poker. The hand must be played between two players, with both players contributing equally to the pot. In order for the Bad Beat to be paid out, the player's hand must meet certain criteria, such as having a pair of jacks or better and being beaten by a higher ranking hand. The winning hand must also meet certain criteria, such as having at least three-of-a-kind or a straight flush.