John Juanda Eliminated in 5th Place ($54,770); David Pham Eliminated in 4th Place ($89,736)

We have just witnessed a double elimination here in the four-handed event and the tournament is down to three players.

Nick Schwarmann opened to 32,000 when first to act and David Pham called on the button. John Juanda called in the big blind and it was three-handed to the flop.

Juanda checked to Schwarmann who made it 43,000 to play. Pham called, but Juanda sat riffling chips for the best part of a minute before swallowing hard and announcing he was all-in. Schwarmann instantly called, putting the action on Pham.

Pham asked if he called and lost would he finish fourth or fifth; there was a $34,000 between the two finishing positions. As Pham had a larger stack than Juanda, Pham would finish in fourth place if he called and lost. With that information processed, Pham called and we had a three-way all in!

Schwarmann showed and Juanda asked Pham, "Do you have a draw too?" Pham did have a draw as he held . "Well I have the best hand, now." Juanda showed .