2011 Aussie Millions

There is now chips worth more than a million dollars on the table. Usually when we write about these amounts, we're talking tournament chips. But this is cold, plastic cash. Each of the eight players bought in for $100,000. Now Erik Cajelais, Justin Smith, and Tom Dwan have each reloaded once. So this is currently the $1.1 Million Cash Game.

Somehow the conversation turned to a cash game where someone got completely naked to win $500. Tom Dwan said $500 was barely worth the effort it would take to remove his clothes.

"At some cash games, there are guys who would pay $500 to take off their clothes. Depends on what part of town you're in," joked David Benyamine.

Then Dwan started telling a story about streaking with Cole South. Dwan said South only got paid $1,000 while he earned $6,000. We want to know how much they paid the poor folks who had to witness that.

Mike Matusow bet $5,000 at a flop. Justin Smith raised him, sending Matusow into deep thought. He eventually decided to move all in. And Smith called quickly, asking if they could run it twice.

Matusow: for an overpair
Smith: for a flush draw with a gutshot

The floor brought over a card that said "Run it 2 Times" and it was time to go. The first board finished , sending the first half of the pot to Mike. "I feel pretty good right now," he said. The dealer laid out the and below the first turn and river. "I feel really good right now," Matusow said. He's up to $275,000 now while Smith is out $200,000.

Tags: Justin SmithMike Matusow

Justin Smith is calling it quits after losing $200k during today's session. Phil Ivey is taking his place.

Wang Qiang and Paul Phua just entered the studio. Tom Dwan did his best to get them to join the game, and they may return later.

It's difficult to tell exact chip counts, but here is our best approximation of how each player sits at the moment.

Seat 1: Patrik Antonius - up slightly
Seat 2: Phil Ivey - just sat down with $100k
Seat 3: Tom Dwan - down about $120k
Seat 4: Andrew Feldman - up about $100k
Seat 5: Mike Matusow - up about $175k
Seat 6: David Benyamine - up slightly
Seat 7: Erik Cajelais - down about $100k
Seat 8: David Oppenheim - close to even

Justin Smith - quit down $200k

It just hasn't been Erik Cajelais' day. After some raising preflop, David Benyamine check-called a bet on the flop. There was around $75,000 in the middle when he checked again. Cajelais bet 45,000. And Benyamine calmly moved all in. Erik called quickly.

Cajelais:
Benyamine:

Cajelais looked miserable as the dealer put down the as the final nail in his coffin. Cajelais had around 90,000 left, all of which went to Benyamine. There is now an open seat in the game.

Tags: Erik CajelaisDavid Benyamine

We're not exactly sure who is going where right now. Erik Cajelais left. It appears that despite Tom Dwan's attempt to get him to stay, Mike Matusow is racking up his chips. Patrik Antonius still has his stack on the table, but he's been gone for about 10 minutes.

The camera crews get a break soon, and the players are debating whether they will continue playing through the break.

While the crew goes to dinner, Patrik Antonius, Phil Ivey, Tom Dwan, David Benyamine, and David Oppenheim are playing a variation of Omaha.

Actually, they got tired of that after a few hands and went to stretch their legs.

Action will resume at 9:00 local time.

The televised part of the game is underway again. Currently we have:

Seat 1: Patrik Antonius
Seat 3: Tom Dwan
Seat 6: David Benyamine
Seat 8: David Oppenheim

Sam Trickett is setting up in Seat 5, and Andrew Feldman is back in Seat 4.