7+1=<<7+1=8>>8 people threw money into the pot.
So the amount of money in the pot is 8*5=$<<8*5=40>>40.
First place gets 40*.8=$<<40*.8=32>>32
So there is 40-32=$<<40-32=8>>8 left in the pot after first place gets his cut
So third place gets 8/2=$<<8/2=4>>4
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