This number of players putting money into the game would produce a 1st place prize of 1 million dollars. This year there was a large group that won their spots in this tournament by performing in other tournaments to qualify. These satellite tournaments allowed a way to weed out the lower level players to create a field that is as competitive as possible. This made for a very exciting match.
The previous tournaments had been won by the likes of Phil Hellmuth Jr., Johnny Chan and Hamid Dastmalchi. Each of these players had a solid following coming into the event, but it seems that they were not dealt a good hand as none of them showed very well in the event. One of the former champions did show up though. Mansour Matloubi showed some flashes of greatness that we saw in 1990 when he won the World Series of Poker. Matloubi was not able to go all the way, but found himself in the final table competing.
Eventually Matloubi was eliminated from the World Series of Poker and ended with a 4th place finish. This left just three players on the board. Jim Bechtel, Glen Cozen and John Bonetti managed to survive to make up the final three. This game came down to a dramatic spot as Bechtel made a series of moves that baited Bonetti into going all-in. Bechtel played a good actor and Bonetti was sure that he had the advantage. Bechtel called the all-in and came out on top to eliminate Bonetti from the game. This allowed Glen Cozen to move into second place. Cozen folded during the hand in order to preserve himself to the end.
Cozen would enter the final stage with a vast disadvantage. Bechtel was in the lead and managed to take the event in less than an inspiring way. Although the finish was a bit anti-climactic the match did feature one of the most dramatic final 3 pairings that has happened at the World Series of Poker. The play of Bechtel over Bonetti will always be remembered as some of the best play in World Series of Poker history. Bechtel would go home with the million dollar prize. Cozen would go home with 420,000 dollars after preserving himself to the final 2 by folding.
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