Jeremy "Chipchecka" Ausmus Bests Schulman for Fifth Bracelet in Event #7: $365 NLH ($51,807)

Jeremy "Chipchecka" Ausmus won his fifth World Series of Poker (WSOP) bracelet early this morning when he took down Event #7: $365 NLH for $51,807. Ausmus defeated heads-up opponent and fellow familiar high stakes face Nick "CashUsKlay" Schulman, who was looking for his fourth bracelet but had to settle for the second-place prize of $37,792.

The victory gives Ausmus, a high stakes regular with $12.6 million in Hendon Mob earnings, his fourth bracelet in under a year.

The WSOP.com event attracted 571 runners and generated $299,722 in prize money. Despite the relatively low buy-in, there were no shortage of heavy hitters in the day's 11-hour action, including Poker Hall of Famers David "jimisendrix" Oppenheim (13th - $2,635) and Daniel "DNegs" Negreanu (8th - $6,079).

WSOP Online Event #7: $365 NLH Final Table Results

High Roller Crew Present

With its sizable field and low buy-in, it was surprising to see so many decorated poker players make it deep in the event.

A total of 13 bracelets had been won by just three players at the final table: Negreanu (six); Ausmus (four); and Schulman (three), a remarkable number for a $365 event.

"I assume both will be in Poker Masters in a couple days with buy ins a little bigger than this one," Negreanu tweeted when he reached the final table.

Unfortunately for those tuning in, the fan-favorite Negreanu was one of the first out at the final table when his pocket sevens couldn't win a flip against the ace-queen Kevin "SpecialK333" Calenzo, who in turn fell in sixth place for $10,990 when his pocket sixes were dominated by the pocket jacks of Ausmus and never got ahead.

Ausmus picked up steam toward the end of the night and eliminated both Srinivas "Nutts" Tummala (4th - $20,154) and Christian "Quad7s" Loucas (3rd - $27,611). Still, Schulman was about even in chips with Ausmus when the two entered heads-up play.

Ausmus gradually chipped away at the three-time bracelet winner and poker commentator until the final hand where the two got it in on the flop, with Ausmus having two pair to be ahead of the open-ended straight draw of Schulman. Schulman couldn't improve to win his fourth bracelet and Ausmus instead secured his fifth.

Fourth Bracelet in Under a Year

The victory gives Ausmus his fourth bracelet in under 12 months after he earned two bracelets at the 2021 WSOP and another at the most recent World Series.

In October 2021, he started off the series by taking down Event #3: $1,000 Covid-19 Relief Charity Event for $48,687 and later following it up with a victory in Event #84: $50,000 PLO High Roller for $1,188,918, which Negreanu finished third in.

At the 2022 WSOP, Ausmus got through a field of 213 runners in Event #23: $3,000 6-Handed Limit Hold’em to win his fourth bracelet and $142,147.

Jeremy Ausmus Bracelet Wins

That wraps up coverage of Event #7: $365 NLH. Be sure to check out the PokerNews live reporting team's coverage of other events throughout the series.