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World Series of Poker -- Simon Watt Wins Event No. 11

Dwan Finishes Second and Misses Out on Millions From Bracelet Bets

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Simon WattSimon Watt is the high-stakes gambler’s hero.

Early Monday morning the former software developer defeated cash-game legend Tom “durrrr” Dwan heads up in event No. 11 ($1,500 no-limit hold’em) at the 2010 World Series of Poker.

Watt, the 2009 APPT Auckland main event champion, prevented Dwan from winning the first bracelet of his young tournament career, and also saved the poker world about $12,500,000, according to Mike Matusow.

As soon as the WSOP began, Dwan took personal bracelet bets with a number of poker pros. A bracelet, Dwan said, could be worth over $2,000,000.

However, when heads-up play began against Watt, it appeared a victory would be worth much more than original estimates.

“[Dwan] was playing for the main event title right there,” Matusow said after Dwan’s second-place finish.

Tom DwanThe atmosphere around the final table felt more like the $10,000 no-limit hold’em championship than a $1,500 event. Fans and supporters of Dwan were chanting his name and applauding after every walk in the big blind.

Dwan ran well leading up to short-handed play, but he never found any sort of traction near the end. With just 13 big blinds, Dwan moved all in on the button with the QDiamond Suit 6Club Suit and was called by the 9Diamond Suit 9Club Suit of Watt. The board of AClub Suit ASpade Suit 8Club Suit ADiamond Suit KHeart Suit ran out in agony for Dwan and everyone rooting for him.

While Watt began to celebrate for winning $614,248 in prize money, Dwan left the Amazon Room without talking to anyone, clearly disappointed after outlasting all but one in the 2,563 player field.

Watt was all smiles after beating one of the best in the game to win his first bracelet.

“It was amazing,” Watt said. “It would have been crazy enough just being at a final table, but playing Durrrr heads up, it can’t really get much better than that.”

“They are going to put [your picture] on the Bobby’s Room wall,” Matusow interjected from across the final-table area. “Here is Simon, saved everyone from going broke.”

Here is a look at the final results:

1. Simon Watt — $614,248
2. Tom Dwan — $381,885
3. David Randall — $270,299
4. Austin McCormick — $194,939
5. Jason Young — $142,346
6. Shane Smith — $105,185
7. Marvin Rettenmaier — $78,861
8. Kyle Winter — $59,547
9. Eric Ladny — $45,603

Check out all of the elimination hands from the final table at CardPlayer.com’s live updates from the event.