Ralph Schwartz - 1st place

Here are the final 12 finishers with their paydays:

	Bill Gazes - 2nd place

Ralph took the first two pots heads up, then they traded some blinds. The final hand came when the board showed 3 Q 6 4 and Bill committed the last of his chips, showing KK76 (pair of Kings with a gutshot, drawing to a 7-low). Ralph had the lead with 8532 (6-high straight and a made 6-low). The river was a deuce and it was all over.

Ralph Schwartz finished in 1st place, earning $275,683 and his first gold WSOP bracelet.

Bill Gazes finished in 2nd place, earning $153,408.

	Yuebin Guo - 3rd place

The game changed to Omaha 8-or-better and before too long, Yuebin found himself all-in on the turn with the board showing A T K 3 . Yuebin held A3xx for Aces-up and a spade draw. Ralph held AQ43 for the same two pair. The river card was the Q , however, which gave Ralph two higher pair and the scoop.

Yuebin Guo finished in 3rd place, earning $99,264.

At the start of heads-up play, here are the rough chip counts:

Bill lost a pot to Yuebin on the river when he showed down third pair and was beat by Yuebin's second pair. Then, with the board showing 5 6 T 2 7 , Bill got his last chips in against Yuebin. Bill showed A6 for a pair of 6s and Yuebin mucked, so Bill survived and doubled up.

Then Ralph took a pot from Yuebin. With 4 hearts on the board, Ralph bet and Yuebin called. Ralph showed 9 2 and Yuebin mucked.

Ralph took a couple of big pots and extended his chip lead. They just returned from a break and are now playing Hold'em with 30k/60k limits. Here are the rough chip counts:

Yuebin surrendered a big pot to Bill on the river. Yuebin had four hearts on the board and folded to Bill's river bet, so must have missed the flush. After that pot, these are the approximate chips counts:

	Phil Ivey - 4th place

Phil has been watching his chips trickle away for a while now. In the Stud round, he just found himself all-in against Yuebin with a pair of 7s and straight-draw against Yuebin's pair of Queens. Phil couldn't improve his hand and was busted.

Phil Ivey finished in 4th place, earning $65,424.

	Robert Mizrachi - 5th place

After folding a hand to Yuebin on the river, Robert was left short. He got his chips in on the next hand against Bill, who held (7 6) A 4 Q. Robert held (6 2) 9 3 A and was ahead with a 9-low, but Bill was drawing to a 7-low. 6th street brought another 6 for Robert and a Queen for Bill. The river was great for Bill, and 8 giving him an 8-7 low. Robert caught a Ten, not able to improve on his 9-low and he was busted.

Robert Mizrachi finished in 5th place, earning $49,632.

After the Omaha/8 round, they colored up the yellow 1,000 chips and took a short break. Play has resumed in the Razz level with limits of 20k/40k.

Chip counts:

	Alexander Jung - 6th place

Alexander got his last chips in pre-flop against Robert and Phil. At the river, Robert had a ten-high straight and took the pot, sending Alex to the rail.

Alexander Jung finished in 6th place, earning $37,901.

On the next hand. Bill got all in on the flop with a set of 5s. The set held up and he doubled up.

During the Hold'em round, Yuebin went on a rush, winning 5 pots in a row, taking the chip lead away from Phil. Yuebin was up to about 700k. Phil is holding steady around 500k.

Now they've moved into the Omaha 8-or-better round. Limits are still 15k/30k.

	Thom Schultz - 7th place

Thom got his last chips in on 4th street against Ralph, who had a pair of Kings, Thom held 2 3 4 5, for an open-ended straight draw with a good low draw, but his last cards came J T 4 giving him just a pair of 4s with no low. Ralph took the pot with two pair.,

Thom Schultz finished in 7th place, earning $28,877.

Thom got all-in on 3rd street; Yuebin got all-in on in on 5th street; both were up against chip leader Phil Ivey. At the river, Thom had 6s full of 4s and took the main pot; Yuebin had Aces-up to take the side pot and Phil got nada.

In 3-way action to the river, Phil checked to Robert, who bet, then Yuebin raised all-in with his last chips. Phil folded and Robert made the call, showing two pair. Yuebin had a Jack-high straight and triples up.

End of level and players are taking a 10-minute break. Current chip counts:

When they return, the game will be Stud 8-or-better with 10k/20k limits.

The game has changed to 7-Card Stud with 10k/20k limits. We haven't had a showdown since the first hand...until now:

Yuebin got his last chips in on 4th street with a pair of 4s showing. Robert made the call with AK showing and showed AK in the hole for two pair. Yuebin caught a third 4 on 5th street to make trips. By the river, Robert had three pair and Yuebin had 4s full of Queens to take the pot and double up.

Shortly after, Bill got his last chips in on 5th street against Thom. He had a pair of 7s and was leading Thom's pair of 6s. Bill paired his Jack on 6th to make two pair and Thom couldn't catch up, so Bill doubled up, leaving Thom short.

Thom got his last chips in against Alex on 3rd street with J T 9 against Alex's A A 9. Thom caught a Jack and a pair of 3s to make Jacks up and beat Alex's pairt of Aces, so Thom is staying alive.

	Jeff Campbell - 8th place

On the first hand at the final table, Jeff got his last chips in with T 7 5 2 against Ralph's 9 5 4 A. They ran out the cards and at the end, Jeff made King-high and Ralph had 9-high to take the pot.

Jeff Campbell of Duluth, GA, finished in 8th place, earning $20,755.

Cards are back in the air. They're still playing 10k/20k Razz. Here are the current chip counts and seat assignments:

	Alexander Kravchenko - 9th place

The game changed to Razz with 10k/20k limits.

Phil Ivey took out Alexander in Razz. Alexander got very unlucky and ended up with 3 pair.

Alexander Kravchenko finished in 9th place, earning $14,438.

Now that they're down to 8, they're moving to the final table.

	Greg Mascio - 10th place

The game has changed to Omaha Hi-Lo, with the same limits (8k/16k).

Most of Greg Mascio's chips went to Bill Gazes, who made a straight to top Greg's set of 9s. The last few chips went to Phil Ivey shortlly after that.

Greg Mascio finished in 10th place, earning $14,438.

	Rick Schwartz - 11th place

Bill Gazes vs. Rick Schwartz: On a flop of 4 5 2 rainbow, Rick got his last chips in, showing K3 off for the open-ended straight draw with one overcard. Bill held the lead with Q4 off (pair of 4s). Last two cards were 8 J and Bill's 4s took the pot.

Rick Schwartz finished in 11th place, earning $13,085.

	Jeff King - 12th place

Cards were in the air at about 3:10pm, playing Hold'em with 4k/8k blinds and 8k/16k limits.

Greg Mascio doubled up through Rick Schwartz when he got his chips all in with A8 offsuit agianst Rick's A3 offsuit. The board came 9 6 7 4 6 and Rick's kicker played.

With the board showing J J 4 T K Phil Ivey got Jeff King's last chips into the pot. Jeff held J8 offsuit for trip Jacks, but Phil held Q9 for the king-high straight, so he took the pot sending Jeff to the rail.

Jeff King finished in 12th place, earning $13,085.

	Ralph Schwartz - Chip leader

Action is set to get underway at 3pm Sunday. The following is a list of the remaining players and their chip counts, along with seating assignments for the final day:

While this event only features a fraction of that larger event's buy-in, the test of its players' skill is no less evident. Look at the field that were still playing when we had but four tables left: Doyle Bruson, Phil Ivey, David Benyamine, Sam Grizzle, Bill Gazes... these are some of the biggest names in poker, and they made it to the top of this tournament not through luck, but through skill.

Today is the final day of the $5,000 H.O.R.S.E. event. Its winner will take home almost $300,000, and will have proven their status as not only the best player in this event, but as one of the all-around best poker players in the world.

LIVE coverage starts today.