On a flop of , Phil Ivey led out for 500 after the small blind and big blind had both checked. The small blind check-raised all in for 5,075 and the big blind called. Ivey went into the tank, then ultimately folded his hand. The small blind turned over J-5 while the big blind showed A-Q. The turn was the , giving the small-blind player a full house, and the river was the .
After the hand Ivey was heard saying, "Wow, I folded the best hand, but I would have lost."