Matt Schultz Eliminated in 12th Place ($6,586)

Picking up with the action during the first draw, David Bell pulled two cards, Vladimir Shchemelev took one, a short-stacked and already all in Matt Schultz took two, and Kevin Iacofano also took two.

Bell checked, Shchemelev fired out a bet and both Iacofano and Bell called. On the second draw, Bell and Shchemelev pulled one, Schultz took two for a second time, and Iacofano took one. On this street, action checked around to Iacofano and he fired out a bet. Both Bell and Shchemelev called.

The third draw saw Bell stand pat, Shchemelev take one, Schultz pull two for a third time, and Iacofano take one. Action checked around and Iacofano tabled to win the side pot.

Schultz fanned and was drawing live. He slapped his first card on the felt - a .

"Come on!" someone shouted from Schultz's rail. He was drawing live and needed to beat a ninety-eight in order to stay alive. Alas, his final card was the and he was officially eliminated from play in 12th place. Iacofano scooped all of the chips and now has about 170,000 to his name.