Kevin Calenzo Eliminated in 3rd Place ($106,564)

In one of the last hands of the Stud round, Greg Mueller brought it in with the {3-Hearts} and then called a completion from Kevin Calenzo. The latter bet the turn, Mueller called, and then both players checked fifth.

On Sixth, Mueller check-called a bet and then turned right around and check-raised on seventh. Calenzo seemed to know he was in trouble but made the call nonetheless.

Calenzo: {Q-Spades} {J-Hearts} / {10-Spades} {J-Diamonds} {5-Spades} {Q-Diamonds} / {6-Hearts}
Mueller: {4-Spades} {3-Clubs} / {3-Hearts} {5-Diamonds} {A-Clubs} {K-Hearts} / {A-Diamonds}

Mueller had caught a bigger two pair at the end to steal the pot away from Calenzo, leaving him with just 131,000.

Two hands later, which was the first of the Omaha Hi/Lo round, Calenzo was on the button and raised to 100,000. Mueller defended the big blind and then led out on the {7-Diamonds} {8-Clubs} {A-Hearts} flop, Calenzo raised his last little bit and Mueller made the call.

Calenzo: {A-Clubs} {4-Clubs} {4-Diamonds} {10-Spades}
Mueller: {A-Diamonds} {8-Diamonds} {7-Clubs} {3-Hearts}

Calenzo was in bad shape when the money went in, but the {6-Clubs} turn did give him a flush draw. Unfortunately it wouldn't be filled as the {2-Diamonds} bricked on the river and sent Calenzo home in third place.