Erik Seidel raises to $300,000 and Alex Kostritsyn makes the call. The flop comes J 8 7 and Kostritsyn checks to Seidel, who bets $550,000. Kostritsyn asks Seidel how much he has behind ($2.2 million), and then raises $2 million more. Seidel moves all-in and Kostritsyn beats him to the pot with J 9 to Seidel's A Q. The turn card is the 3 and Seidel is drawing to an ace or a queen to stay alive.

The river card is the K and this tournament is over! Alex Kostritsyn is the champion of the 2008 Aussie Millions after seven long days of hard-fought poker.

The 21-year-old Russian prodigy will take home $1.65 million and an Aussie Millions bracelet for his victory while Full Tilt pro Erik Seidel earns $1 million for his runner-up finish.

Congratulations to both finalists and to tournament director Jonno Pittock and staff for staging an incredible event!

Erik Seidel bets $300,000 pre-flop and Alexander Kostritsyn calls. The flop comes A 8 4 and both players check. The turn comes K and Kostritsyn checks but Seidel bets $250,000. Kostritsyn re-raises an extra $700,000.

Seidel calls and the river comes 7. Kostritsyn bets $1.7 million. Seidel thinks for a few minutes and then asks for a count on the bet. When the dealer tells him the number he says, "That sucks," and chuckles.

Eventually Seidel calls and Kostritsyn shows an eight which gives him a pair of eights, which is, amazingly, enough to rake the pot as Seidel mucks his hand.

Erik Seidel raises to $300,000 and Alex Kostritsyn re-raises to $950,000. Seidel thinks for a minute or two before moving all-in over the top. Kostritsyn asks for a count and is told the all-in is worth about $4.5 million. It's Kostritsyn's turn to think and after a minute or two of rumination he lays it down and Seidel takes the pot.

Alex Kostritsyn limps in and Erik Seidel checks his option. The flop comes 6 5 2 and Seidel checks to Kostritsyn, who bets out $200,000. Seidel makes the call and the turn is the 2. Seidel checks again to Kostritsyn, who bets out $550,000. Seidel lays it down and Kostritsyn takes the pot.

Alexander Kostritsyn bets $400,000 pre-flop and Erik Seidel calls. The flop comes 7 6 5 and both players check. The turn comes Q and Kostritsyn checks. Seidel bets $500,000 and Kostritsyn calls.

The turn comes 10 and Kostritsyn checks but Seidel bets once again, this time $1 million. Kostritsyn calls and Seidel flips over Q-8 which is enough to win the pot because Kostritsyn mucks.

Alex Kostritsyn raises to $300,000 and Erik Seidel makes the call. The flop comes 7 2 2 and Seidel checks to Kostritsyn, who bets out $400,000. Seidel makes it $1.1 million and Kostritsyn lays it down. The pot goes to Seidel.

The blinds are up once more as the action continues unabated. Alex Kostritsyn has almost a 4-1 chip lead on Erik Seidel at this point.

Erik Seidel bets $225,000 pre-flop and Alexander Kostritsyn re-raises to $800,000. Seidel calls and the flop comes down Q-7-5. Kostritsyn bets $950,000 and Seidel considers the hand for a few minutes before laying his hand down.

Alex Kostritsyn raises to $240,000 and Erik Seidel makes the call. The flop comes T 3 2 and Seidel checks to Kostritsyn, who bets out $260,000. Seidel makes the call and the turn is the 7. Seidel checks again and Kostritsyn checks behind. The river is the 5. Seidel bets $750,000 and Kostritsyn announces a raise, making it $1.25 more to Seidel. The Full Tilt pro mulls things over before laying it down and Kostritsyn takes another substantial pot.

Alexander Kostritsyn has come back and is now taking control of the game. In the most recent hand Seidel bet pre-flop and Kostritsyn called. The flop came A A 4 and both players check.

The turn comes 9; Kostritsyn bets $325,000 and Seidel calls. The river falls 9 and Kostritsyn bets $475,000. Seidel lays it down and Kostritsyn flips up A-4 for the full house. Nice fold by Seidel.