Postpublished at 21:15 Greenwich Mean Time 3 January 2022
Smith 2-2 (0-1) Wright
No signs of Smith's fightback unsettling Peter Wright - he misses the bull in the fifth set's opening game but hits single 9 and double 8 to take out 25.
Peter Wright beats Michael Smith to win second title
Smith 5-7 Wright
Scotland's Wright storms back from 5-4 down to take trophy
Wright, 51, won the 2020 title, beating Michael van Gerwen after finishing runner-up to him in 2014
Smith, 31, was also beaten by Van Gerwen in the 2019 showpiece
Michael Beardmore
Smith 2-2 (0-1) Wright
No signs of Smith's fightback unsettling Peter Wright - he misses the bull in the fifth set's opening game but hits single 9 and double 8 to take out 25.
Siân Price
BBC Sport at Alexandra Palace
Peter Wright has changed his darts... How will Snakebite throw with this new set?!
#bbcdarts or Text 81111 (UK only - texts will be charged at your standard message rate)
Sean O'Connor: Come on bully boy you can do this.
Siân Price
BBC Sport at Alexandra Palace
Is this a turning point in the match? Smith will be more settled and feeling the nerves less now he's levelled the match at 2-2 at the first break in play rather than going into it 3-1 down.
Smith 2-2 Wright
Smith misses one dart at a double but Wright misses two! Then Bully Boy lands D10 nervelessly to level matters at two sets all!
What a fightback from the ninth seed.
Smith 1-2 (2-2) Wright
A huge 140 from Smith leaves 76 to take the set but Wright responds with 180 to leave 46!
Smith 1-2 (2-2) Wright
Snakebite holds his throw, relatively comfortably.
Huge deciding leg now in this fourth set.
Smith 1-2 (2-1) Wright
Where Smith was earlier wasteful (terribly wasteful), now he's clinical.
D16? No bother.
Now both players begin the next leg with 180s. Captivating.
Smith 1-2 (1-1) Wright
Peter Wright threatens a nine-darter in the second game of the fourth set. It falls short with the sixth dart but he holds comfortably.
Big set now this - huge difference between 3-1 and 2-2.
Siân Price
BBC Sport at Alexandra Palace
The crowd are getting louder and louder here every time Smith gets a checkout. The Englishman has the crowd behind him tonight- is it going to give him the edge?
Smith 1-2 (1-0) Wright
Oh, Smith is motoring now.
A 180 puts him in pole position.
But, hang on, Wright is on 170... treble 20, treble 20... and in inch away from the bull!
Smith tidies up, hitting a treble 20 and D10 to take out an 80 checkout. He was missing those doubles earlier.
Smith 1-2 Wright
Cracking effort from Bully Boy.
That 167 finish proves crucial as he holds his throw by hitting D13 to pull within a set.
Siân Price
BBC Sport at Alexandra Palace
Smith nails a 167 checkout and the crowd erupted!
Smith 0-1 (2-1) Wright
Is this the turning point??
Bully Boy hits the final's biggest finish thus far - treble 20, treble 19 and bullseye - to break the Wright throw.
He's throwing for the set now.
Smith 0-2 (1-1) Wright
Good response from Smith as he hits D20 to hold - but even then he needed two darts at the double.
Smith 0-2 (0-1) Wright
He really does, Sian.
But no immediate sight of that happening in set three as Wright routinely holds his throw in the opening game by hitting D4.
Siân Price
BBC Sport at Alexandra Palace
Wright hits the bullseye right in the middle to take 124 - his second ton-plus checkout of the match. Smith must get on the board and win the next set.
Michael Smith's doubling success ratio is 10% thus far.
Obviously the World final pressure is a different scenario but that ratio won't win you a game at the Dog & Duck let alone the Ally Pally.
Michael Smith has plenty of support inside and outside Alexandra Palace tonight - but the way the first two sets have gone, he's going to need all the help he can get.
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Smith 0-2 Wright
Smith is scoring well but he can't hit the outer ring.
Wright was struggling himself earlier but, wow, he's put that behind him.
He follows up the 148 checkout in the previous leg with a 124 by finishing with a bullseye and that's two sets to nil for the Scot, both by a 3-1 margin.