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James Schaaf (credit: World Series of Poker - Official Web Site)

803 players paid $1,500 to take part in the $1,500 HORSE tournament at the 2008 World Series of Poker. Event #51 drew in some of the biggest names, many of whom made bank including Svetlana Gromenkova, Eugene Katchalov, Mike Matusow, Allen Cunningham, Chad Brown, Joe Hachem and Keith Sexton. The final table was also star-studded, featuring Anand “Victor” Ramdin and Phil Hellmuth, Jr. Hellmuth was in the hunt for a record 12th bracelet.

Hellmuth had 400,000 chips, second only to the chip leader, Tommy Hang, and the crowd’s support as he entered the final table. Despite doubling up a few times when his stack got low, Hellmuth managed to prolong the inevitable and hit the rail in third place, leaving the two big stacks to fight it out for the title. Tommy Hang, who took third in the 30th Event of this World Series (World Championship Limit Hold’em), and James Schaaf, an unknown from Torrance, California, were the unlikely combatants that remained as heads-up play began.

Schaaf began the match-up with a two-to-one chip deficit but quickly overcame that with aggression and some lucky draws. In the end, he defeated Hang with a better set.

Here are the final results:

1) James Schaaf - $256,412
2) Tommy Hang - $158,933
3) Phil Hellmuth, Jr. - $93,168
4) Esther Rossi - $68,505
5) Jason Dollinger - $54,804
6) Sam Silverman - $42,966
7) Victor Ramdin - $32,992
8) Matt Grapenthien - $27,511

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