Over the course of this year, Phan has amassed $2,101,766 in prize money and reached eight high-profile final tables, winning three of them. Those three wins included his first World Poker Tour title at the WPT Legends of Poker back in August, his first WSOP bracelet in the $3,000 No Limit Holdem event and then another WSOP bracelet a week later in the $2,500 2-7 Triple Draw Lowball event.

Phan now has more than $5.3 million in career earnings and this whole host of accloades under his belt in just over 10 years of playing poker professionally. He definitely deserves the award this year as he had one of the sickest runs over the summer that the poker world has ever seen. He joins the ranks of previous winners that include Daniel Negreanu, Men “The Master” Nguyen, David “The Dragon” Pham, T.J. Cloutier and Michael “The Grinder” Mizrachi.

Phan won his first bracelet exactly one week ago in Event No. 29 – $3,000 No Limit Holdem - besting a field of 716 players to emerge victorious. In this event he took on a much smaller but more stacked field of 238 players to eventually walk away with the bracelet, beating out a final table that contained poker pro Robert Mizrachi and poker/forum thread author David Sklansky. "The Razor" entered the final table as the chip leader but at times fell victim to his own aggressive play and was actually severely short-stacked at one point during three-handed play before storming back.

The two bracelets and the $586,700 in total winnings so far at the 2008 World Series of Poker have put Phan third on the 2008 WSOP Player of the Year standings, behind David Benyamine and Jacobo Fernandez (?).

Stay tuned for more live updates from the 2008 WSOP as we've got the daddy of all poker tournaments going on today, the $50,000 HORSE event.

Less than 10 days after winning his very first WSOP bracelet, in the $3,000 No Limit Holdem event, Phan is looking to capture number two today at the final table of the $2,500 2-7 Triple Draw event. "The Razor" has positioned himself nicely to make a run as he enters as the chip leader but only by a slim margin. Right behind Phan at the final table is poker pro Robert Mizrachi and noted poker author and forum junkie David Sklansky.

If Phan can pull this off he would be the first multiple bracelet winner of the 2008 WSOP. As much of a long shot as those odds are, there seems to be one multiple bracelet winner every year, last year's was Tom "DonkeyBomber" Schneider, so it is not improbable.

Stay tuned to the Beat and we'll keep you posted on Phan's run for WSOP bracelet No. 2.

The bracelet on the line did not seem to deter the two from their 11th hour bout of madness. However, Neckar winning two out of the three matches did seem to remove the blinders from Phan's eyes. Unfortunately for Neckar, this was probably not the best thing to have happen as just two hands later and Neckar found himself on the losing end of the battle.

This is the first WSOP bracelet win for Phan and he cashes $434,789 for this accomplishment. Neckar will have to make a nice pillow for himself tonight out of the $277,452 he won. Poor boy.

In other WSOP news, Team Bodog poker player Justin Bonomo is still alive in Event 33 – $5,000 Seven Card Stud Hi-Low World Championship – with 168 players left out of 261. With only about 90 minutes left until the end of the night, he should be headed back to the Amazon Room tomorrow.