may include holes in the bottom surfaces of the floatation compartment and the ballast chamber to facilitate the equalization of water and air such holes assist the beverage holder in remaining substantially upright while floating in liquid in the embodiment shown in fig3 ballast chamber 30 includes a plurality of holes 38 in bottom surface 32 as shown in fig3 ballast chamber 30 may contain a plurality of ballast compartments 36 although in alternate embodiments ballast chamber 30 could include a single chamber or any number of chambers as would be known to one skilled in the relevant art in the embodiment shown in fig3 ballast compartment 36 includes five circular compartments although various shapes and sizes could be used in alternate embodiments in a preferred embodiment floatation compartment 20 includes an interior surface 23 as shown in fig4 in the embodiment shown in fig4 interior surface 23 includes a lower interior edge 24 a middle interior edge 25 and an upper interior edge 26 in a preferred embodiment lower interior edge 24 has a smaller inner diameter than middle interior edge 25 in a preferred embodiment lower interior edge 24 has an inner diameter between approximately 2 3 inches and approximately 2 5 inches in a more preferred embodiment lower interior edge 24 has a diameter of approximately 2 4 inches in the embodiment shown in fig4 lower interior edge is sized to accommodate bottles or similarly sized beverage containers in a preferred embodiment middle interior edge 25 has an inner diameter between approximately 2 5 inches and approximately 2.