Mike Matusow said, "It's time to triple-up or giddy-up!", and unfortunately for "The Mouth" it was the latter. He moved in the last of his chips after a flop and was called by Mike Henrich and John Guth. Matusow's trailed Henrich's , and when the board ran out , Guth took the low, Henrich the high, and Matusow was done for the night.
As were Phil Hellmuth's hopes to collect a $500,000 bet from Phil Ivey if Matusow won the bracelet. When Mike was eliminated, Phil stopped the 2-hour massage he'd been having and the two quietly left the tournament area together.