A poker tournament is like a mine field. One small misstep and your chip stack will be blown to pieces. As a result, some players have adopted an extremely cautious strategy. They refuse to get involved in big pots where they run the slightest risk of getting outdrawn. They want to avoid bad beats at all costs. Other players believe that poker is about taking chances, and play without fear. But no matter what strategy you choose, you can never fully protect yourself against bad beats. Two horror stories from this year's T.J. Cloutier moved all-in pre-flop with A♦ Q♣, and got called by Joseph Hachem called. The flop came 4♦ 5♦ 6♥. Hachem checked and Dannenman bet $700,000 into the pot. Hachem re-raised to $1.7 million and Dannenmann flat called. The turn was the A♠. Hachem bet out $2 million and Dannenmann raised to $5 million. Hachem went all-in and Dannenmann instantly called. Hachem flipped over 7♣ 3♠, for a 7 high straight, Dannenmann showed A♦ 3♣ for a pair of aces. Dannenmann was drawing to a tie with one of the three remaining 7's on the river. The river was the 4♣ and Joseph Hachem became the new World Champion, winning $7.5 million.
Comment: Perhaps less of a bad beat than the previous two. However, Hachem called a raise pre-flop with a dominated hand. At that point Dannenmann was a 73% favorite to win the hand. Some poker analysts claim that Dannenmann dug his own grave by not making a bigger raise pre-flop.
You can read more about classic poker action here at PokerListings.com in the "Historical Poker Hands" section.