Last night I was playing in a home game. You might say it's a small-stakes format, as we use blinds of $0.20/$0.20. Somebody suggested that we start up a bad-beat jackpot. After some discussion about how much to take from each pot and what the requirements to win it would be, it was settled. We started raking one 20-cent chip from every pot and putting it in a special cup set aside for that purpose. Four hands into the game, it hit, and the loser of the hand was awarded the new bad-beat jackpot of 80 cents. There was much cheering and rejoicing.