Dennis Phillips has the button in Seat 1. Peter Eastgate is the first player into the pot, raising to 1.05 million. Sitting to Eastgate's immediate left, Phillips reraises to 3.45 million. Ylon Schwartz quickly folds his small blind, but Scott Montgomery is not so fast in the big blind. He seems deep in thought for about a minute, then draws a gasp from the crowd with a reraise to 10 million straight.
Eastgate, who got this all started, decides he wants nothing more to do with it and release his hand. Dennis Phillips, on the other hand, appears to have another decision to make. That decision is made after a minute; he folds and taps the felt "good hand" in Montgomery's direction.