Cary Katz raised to 32,000 and Michael Addamo three-bet to 144,000, which Katz called. They opted to check the flop and Addamo bet the turn for 360,000, Katz flung his cards into the muck.
It was the only bigger pot they played in the last couple of minutes and Addamo has pulled back into a 2-1 lead.
On a board, Cary Katz bet 80,000 into a pot of 170,000.
Michael Addamo eventually called, with Katz turning over for a full house, deuces full of tens and take down the pot.
Katz has been holding steady at just under a million in chips for a while now, with neither playing being able to consistently eat into the other's stack.
Michael Addamo has been picking up more than his fair share of pots of late, opening up his biggest chip lead so far.
In this hand, both players limped and Cary Katz check-called 16,000 from Addamo on the flop.
The pair checked the turn and Katz bet 44,000 on the river. Addamo asked how much he had behind, and Katz revealed three 100,000 chips. Addamo then raised to 125,000 and Katz quickly folded.
On a flop Michael Addamo check-called 50,000 from Cary Katz and the pair checked the flop. The river was the and a 20,000 bet from Addamo was enough to get Katz to fold.
Then, both players checked a flop and Katz bet 50,000 on the turn. Addamo raised to 135,000 and again Katz folded.
Michael Addamo limped pre-flop and Cary Katz checked.
The flop came . Katz checked and Addamo bet 20,000. Katz check-raised all in for 330,000 and Addamo called.
Cary Katz:
Michael Addamo:
Both players were in shock at the situation that unfolded between them and the turn and river sealed the title for Addamo, sending Katz to the rail in second place for A$715,860.
After eleven previous cashes including four final-table finishes, Michael Addamo has finally broken his Aussie Millions duck with victory in the A$50,000 Challenge, topping an 82-player field for A$1,073,790 ($738,234) and his first ANTON Jewellery Championship ring.
He defeated last year's A$100,000 Challenge winner Cary Katz heads-up, stopping the American going two for two in Aussie Millions High Rollers in back-to-back years.
Orpen Kisacikoglu picked up his first-ever Aussie Millions cash, finishing third for A$477,240.
2020 Aussie Millions A$50,000 Challenge Results
Place
Player
Country
Payout (AUD)
Payout (USD)
1
Michael Addamo
Australia
A$1,073,790
$738,234
2
Cary Katz
United States
A$715,860
$492,156
3
Orpen Kisacikoglu
Turkey
A$477,240
$328,104
4
Sam Greenwood
Canada
A$397,700
$273,420
5
Ben Lamb
United States
A$318,160
$218,736
6
Timothy Adams
Canada
A$278,390
$191,394
7
Rainer Kempe
Germany
A$238,620
$164,052
8
Erik Seidel
United States
A$198,850
$136,710
9
Yong Wang
China
A$159,080
$109,368
10
Kristen Bicknell
Canada
A$119,130
$81,902
Total
A$3,977,000
$2,734,199
Winner's Reaction
After finishing third in 2017 and then second in 2018 in the Aussie Millions Opening Event, Addamo said it felt great to get the monkey off his back.
"It feels great, you know, to get my first Aussie Millions ring," Addamo told PokerNews. "I'm pretty happy about it.
"I came into the festival just wanting to play the big buy-ins and try and play well. I knew it was important to rest-up between them, and I'll definitely be back for the A$100,000 in a couple of days."
Early Stages
There was always going to be a long day in store for players in the A$50,000 Challenge, which ended up attracting 82 players, breaking last year's record by 20.
The payouts were confirmed with ten places paid, as A$25,000 Pot Limit Omaha Challenge winner Jorryt van Hoof, Dan Smith, Tsugunari Toma, George Wolff, Koichi Haruta, Matthias Eibinger, Shan Huang and Stephen Chidwick were all eliminated short of the money.
Start-of-day chip leader Kahle Burns had a rollercoaster day, also busting short of the money, with Orpen Kisakicoglu moving into the lead. However, Michael Addamo, Sam Greenwood and Timothy Adams were all among the big stacks, as the tournament went on dinner break four eliminations off the money.
Michael Soyza Bubbles A$50,000 Challenge
There seemed to be no let up in the pace of the action, despite the A$119,310 pay jump, as Peter Jetten, Mikita Badziakouski and Elio Fox all bust in the space of half an hour
In the end, it was Michael Soyza who bubbled, rivering two pair against Addamo only for the Australian to have turned a flush and eliminate Soyza.
Short-stacked Kristen Bicknell was next (10th - A$119,310) with the remaining nine players all now seated around one table.
Final Table Action
It wasn't long before Erik Seidel sent Yong Wang to the exit in ninth (A$159,080), but Cary Katz soon finished off Seidel (8th - A$198,850) to become the first player over a million in chips.
Sam Greenwood came into the final table third in chips, but scored a massive fillip when he sent both Rainer Kempe (7th - A$238,620) and Timothy Adams (6th - A$278,390) to the rail in the same hand, spiking a set on the turn to crack the jacks of Adams and leave Kempe drawing dead with king-queen.
Addamo had been sitting comfortably so far, and added an elimination for himself, fading the straight and flush draws of Ben Lamb (5th - A$318,160) to join Katz with over a million in chips.
However, that million soon became two million after the elimination of Greenwood in 3rd (A$397,700). He five-bet jammed king-queen suited into the aces of Addamo, and despite flopping a flush draw and turning a straight draw, Addamo spiked a set on the river to bust Greenwood and take a stranglehold on proceedings that he would never relinquish.
Kisacikoglu stuck around gamely as the short stack before succumbing to Addamo, and although Katz did his best to elongate the heads-up portion of the tournament to two hours, he never gained any traction and would have to settle for second place and A$715,860.