The action was started by Carl Knox on the button and he made it 24,000 to go. Matt Yates made the call from the small blind, at which point John Waterman moved all-in from the big blind. Knox snap called and Yates got out of the way, as Knox would have his tournament life on the line.
The board wouldn't help the of Waterman and Knox's would save his tournament life of as Knox takes the double-up and leaves Waterman's stack heavily damaged.
While there have been no flops seen in the last five hands, it has been all John Waterman for the last few minutes.
Waterman took down four of the hands when he used relentless aggression to open all four hands he was involved in, receiving no competition from his opponents.
When John Waterman moved all-in from the big blind over the top of a raise from Carl Knox on the button there was a big decision for Knox to make. Waterman had Knox covered and should he call he might be heading home in 4th place.
Knox looked like he was in pain as he contemplated the call. After a couple of minutes, Knox could be seen picking up a coin and proceeding to flip it, seemingly leaving his tournament life to chance. It is interesting to note that at last year's ANZPT Queenstown event, the eventual winner Julian Cohen would flip a coin twice on that final table when he was faced with tough decisions.
Apparently the coin decided Knox would fold, as he put it back on the table next to him and flung his cards into the muck.
John Waterman was on the button when he raised it up to 25,000. A call From Carl Knox in the big blind would see a flop being dealt.
Knox was first to act and fired out 28,000. At this point Waterman moved all-in for over 200,000 and Knox went into the tank. Eventually he would decide to fold and send the pot to Waterman.
The players are back in their seats and this how the chip counts are currently looking. Marcel Schreiner is back on top after he lost a lot of chips early, while John Waterman and Carl Knox sit with similiar chip stacks.
The last five hands have seen no flops dealt, with the four remaining players in Carl Knox, Matt Yates, Marcel Schreiner and John Waterman each getting their share of some blinds and antes.
When Matt Yates opened to 23,500 from the cutoff seat, Marcel Schreiner would promptly raise to 59,500 from the small blind. Daniel Laidlaw was in the big blind when he moved all-in for his remaining 98,500 and the action would be back on Yates as his cards went into the muck.
Schreiner, however, would opt to call the all-in bet and we had another tournament life on the line here at the 2011 APPT Queenstown Main Event.
The of Schreiner would be a slight favourite against the of Daniel Laidlaw and when the flop was dealt it was looking bleak for Laidlaw. The on the turn would leave Laidlaw drawing dead and the PokerStars qualifier would be sent packing in 5th place for a handsome NZD$24,000 score.
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board wouldn't help the 
of Waterman and Knox's 
would save his tournament life of as Knox takes the double-up and leaves Waterman's stack heavily damaged.
flop being dealt.
of Schreiner would be a slight favourite against the 
flop was dealt it was looking bleak for Laidlaw. The 
on the turn would leave Laidlaw drawing dead and the 
