6/20/2010 12:08:37 AM PST
Congratulations to Jose-Luis Velador, Event No. 33 Champion ($260,517)!
Two years ago in 2008, Jose-Luis Velador claimed his first World Series of Poker gold bracelet when he won a $1,500 No-Limit Hold'em event for nearly $575,000. A few minutes before midnight tonight here in Las Vegas, Velador claimed his second piece of gold jewelry from the WSOP after he defeated David Chiu heads up.
Velador came into the third and final day as the chip leader, slightly edging out Chiu who sat in second place at the start of the day. When it got down to just two players left, it was the two who began at the top to begin with.
Velador's amazing run began a couple hours into the day when he eliminated the biggest threat in Phil Ivey. From there, you just couldn't stop the Velador train. He eliminated player after player en route to victory, making for a rather short final table for what we're used to.
Finishing on top of the 482-player field earned Velador a payday of $260,517 while further cementing his spot in poker history as one of the select few to capture multiple gold bracelets. Congratulations to Velador for taking home the gold and walking away as champion of Event No. 33!
As for us at PokerNews, we're not quite done yet. We've got plenty of World Series coverage going on so be sure to follow along. Thanks for following our coverage here.
6/19/2010 11:53:13 PM PST
David Chiu Eliminated in 2nd Place ($160,902)
Pot-Limit Hold'em
Jose-Luis Velador had the button and made a raise before David Chiu reraised from the big blind 124,000 more. The initial raise amount was unknown. Velador made the call and off to a flop they went.
The flop came down 
and Chiu fired 372,000 into the middle. That was more than half of his stack and when Velador reraised the pot to put Chiu all in, Chiu made the call. Velador held the 
for top pair and Chiu held the 
for two live overcards.
The turn was the 
and was close, but not what Chiu needed. He still needed an ace or a ten on the river, but couldn't find it when the 
fell on the river.
Velador had Chiu well covered and that was it. Chiu and Velador shook hands before Chiu took the gold bracelet out of its holding case and put it around Velador's wrist for a very nice gesture. Chiu walked away with over $160,000 for his finish.
6/19/2010 11:38:32 PM PST
Chiu Doubles
Pot-Limit Hold'em
From the button, David Chiu raised to 64,000 and Jose-Luis Velador made the call from the big blind. The flop came down 
and Velador checked. Chiu fired 80,000 and then Velador raised the pot. Chiu moved all in quickly and Velador called the little bit more it was to him.
Velador held the 
and Chiu the 
. Chiu's top pair was good on the flop when the money went in and it held up as the turn (
) and river (
) came out.
Chiu doubled to about 950,000 in chips. Velador still has over 2.6 million.
6/19/2010 11:15:18 PM PST
House Over House
Pot-Limit Omaha
Rob Hollink completed from the small blind and then Jose-Luis Velador raised from the big blind to 60,000. Hollink made the call.
The flop came down 
and Hollink check-called a bet of 100,000 from Velador. After the 
fell on the turn, both players checked. The 
fell on the river and Hollink fired 175,000. Velador called.
Velador showed the 
for a full house, sevens full of aces and beat Hollink who flashed two kings before mucking.
6/19/2010 11:00:33 PM PST
Kevin MacPhee Eliminated in 5th Place ($62,791)
Pot-Limit Hold'em
On the button, Kevin MacPhee raised to 60,000. His only customer was Jose-Luis Velador in the big blind. The flop came down 
and action was checked by Velador to MacPhee. He fired a continuation bet worth 80,000 and then Velador raised to 200,000. MacPhee moved all in for about 500,000 total and after a minute in the tank, Velador made the call.
Velador held top pair with the 
and was ahead against MacPhee's .
The turn was the and the river the to keep Velador's pair of kings the best hand. He eliminated MacPhee in the hand and boomed his way up to over a 1.5 million in chips.
6/19/2010 10:12:49 PM PST
Break
The remaining five players are enjoying a short 20-minute break. We'll be right back!
6/19/2010 9:58:15 PM PST
Big Double for Hollink
Pot-Limit Hold'em
Action folded to Kevin MacPhee on the button and he raised to 50,000. Rob Hollink was in the small blind and reraised to 160,000. MacPhee took a moment and then pushed out a bunch of chips to put Hollink all in. Hollink made the call.
Hollink held a dominating hand with the 
to MacPhee's 
.
The board ran out 
and MacPhee sent over the total amount needed and doubled up Hollink to 828,000. MacPhee was left with 701,000.
6/19/2010 9:35:28 PM PST
MacPhee Takes Lead
Pot-Limit Omaha
On the flop of 
, four players were in action. james Mitch fired 95,000 before Kevin MacPhee potted it and shoved out over 400,000. Jose-Luis Velador folded and then Craig Gray folded before action got back to Mitchell. He thought for a minute knowing this decision was for his tournament life if he were to make the call. He opted to fold though and MacPhee picked the pot to move to over one million in chips and take the lead from Velador.
6/19/2010 9:24:48 PM PST
Gavin Cochrane Eliminated in 8th Place ($26,906)
Pot-Limit Hold'em
Jose-Luis Velador raised from early position and Gavin Cochrane reraised from the big blind. Velador four-bet and then Cochrane called all in and was at risk for his tournament life.
Velador held the 
to Cochrane's 
for another race situation here at the final table.
The flop came down 
and Cochrane whiffed so far while Velador added a straight draw. The turn was no help for Cochrane with the 
and then the river completed the board with the .
Not being able to hit, Cochrane was sent to the rail in eighth place for nearly $27,000 while his chips were sent over to Velador.
6/19/2010 8:58:25 PM PST
Ramdin Shoves
Pot-Limit Omaha
On the board of 
, the pot was over 100,000 in chips when Victor Ramdin moved all in for 94,000. Jose-Luis Velador went into the tank and eventually folded his hand. Ramdin picked up the pot and built back to 260,000 in chips.
6/19/2010 8:50:00 PM PST
Cochrane Doubles
Pot-Limit Omaha
On the flop of , Gavin Cochrane fired 45,000 and was called by Jose-Luis Velador. The turn brought the 
and Cochrane fired almost all of his stack for 95,000. He only had 19,000 behind and Velador made the call.
The river completed the board with the and Cochrane pushed the last bit of his stack in. Velador's face looked pained, but he know he had to call off the last little bit and did so. Cochrane showed the 
-X-X for a club flush and doubled up to about 340,000 chips.
6/19/2010 8:38:55 PM PST
Three-Bet for Mitchell
Pot-Limit Hold'em
Action folded to Rob Hollink and he raised to 40,000. From the big blind, James Mitchell reraised to 123,000 and Hollink gave it up.
6/19/2010 8:23:44 PM PST
Velador Makes the Wheel
Pot-Limit Omaha
Victor Ramdin raised to 31,000 from under the gun. Jose-Luis Velador called and then James Mitchell called from the big blind.
The flop came down 
and Mitchell checked to Ramdin. He fired a bet of 52,000 and then Velador called. Mitchell folded.
The turn was the and Ramdin checked. Velador though for a moment and then bet 135,000. Play moved back to Ramdin and he had a decision to make: call the 100,000 or not? He opted to make the call.
The river was the 
and Ramdin checked. Velador thought while staring at the board for a minute or so. He then cut out a bet and fired 178,000. Ramdin tanked for a solid few minutes before finally pushing in the chips for the call.
Velador tabled a wheel and Ramdin mucked, sending over the chips to Velador.
6/19/2010 8:07:33 PM PST
Back from Dinner
The players have returned from dinner and after a brief introduction of each player, the cards are in the air.
6/19/2010 6:56:06 PM PST
Dinner O'Clock
With the exit of Burt Boutin, players have been sent on a one hour dinner break.
Back in a bit.
