A bad beat = something.
For instance - I have QTs the flop comes QT5r. I bet, get raised, re-raise all in. Villain has AA. Turn and river are both 2. Our villain had two aces, and three fives to come ahead on the turn. And our villain had two aces, three fives, and three deuces on the river. (~26)
Bad beat - I have KQ of spades. Flop comes As,Js,Tc. I bet, get raised, shove all in. Villain shows over AcTd. Turn comes Th, River comes Ts. I win $10,000 at the Bike, villain wins $20,000. Table share is $10,000 split 7 ways.
Everybody is happy.
I have 99. Flop is 962r. I check, villain bets, I raise, he shoves, I call. He shows over A6 - Turn and river are both A.