The resident of Malibu, California, took the title, the coveted WSOP bracelet and the $12million first prize, in the early hours of Friday morning after defeating Paul Wasicka in the heads-up showdown.

The winning hand was the 236th of the final table - and saw Wasicka call Gold's initial raise of $1.7m. The flop produced Qc, 8h, 5h and Wasicka bet $1.5m.

Soon-to-be-champ Gold then raised all-in, and Wasicka called, turning over his pair of tens (hearts, spades). Gold turned over Qs, 9c, giving him a pair of Queens. The Ace on the turn and the four of clubs on the river couldn't help Wasicka, and Jamie Gold became the 2006 WSOP Champion.

The Final Table Standings:

1. Jamie Gold
2. Paul Wasicka
3. Michael Binger
4. Allen Cunningham
5. Rhett Butler
6. Richard Lee
7. Doug Kim
8. Erik Friberg
9. Dan Nassif