$600 Badugi (Re-Entry)
Structure | Payouts
Level 17: 12,000/24,000 Limits
Players Remaining: 5 of 48

Manny Tarich raised from the button to 24,000, Ryan Hoenig reraised from the small blind to 36,000, and Tarich called.
Draw #1: Hoenig took one card, and Tarich took two. Hoenig bet 12,000, and Tarich called.
Draw #2: Hoenig took one card, and Tarich took one card. Hoenig bet 24,000, and Tarich called.
Draw #3: Hoenig stood pat, and Tarich took one card. Both players checked. Hoenig showed a king-high badugi with , and Tarich showed his first three cards —
. Tarich needed a non-pairing spade that was a king or lower to win the pot.
Tarich’s last card was the , but it gave him a pair for a three-card hand. Hoenig won the pot.
Ryan Hoenig – 330,000 (14 BB)
Manny Tarich – 135,000 (6 BB)
With five players remaining from a field of 48, the average chip stack is around 288,000 (12 Big Bets). The remaining players are guaranteed at least $1,975 each.
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