With the elimination of Paul Smith (left), the Legends of Poker is now down to the final three, and it is the three many of the fans wanted to see. John Phan was able to bust Smith in a battle of the blinds.

Smith moved all in for 1,225,000 and Phan thought about his decision for a few minutes before Smith called the clock. Though Phan had taken a few minutes it was surprising to see Smith call the clock, and may have gotten Smith the action he did not want from Phan. As the time ran down on his clock John announced a call and showed pocket eights.

Smith was left fighting with one over as his A7 would need to overcome the pair for him to stay alive in the tournament. The flop was bingo for Smith, coming 977. Phan picked up the straight draw with the T and went jumping into the crowd as the 6 hit on the river to make the straight for Phan.

Paul Smith’s 4th place finish is worth $246,450.

After the hand Phan jumped ahead of Zachary “CrazyZachary” Clark in the chip counts, but both still strail Amit “Amak316″ Makhija by a large margin.

Makhija - 6,095,000
Phan - 2,625,000
Clark - 2,480,000

• August 29, 2008 -- Zachary Out Third, Amit Back in Control
• August 29, 2008 -- Makhija Loses Lead to Phan
• August 29, 2008 -- Three Way Play
• August 28, 2008 -- Set Leaves Clark Short