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World Series of Poker -- Peter Gelencser Wins Event No. 7

Young Hungarian Takes Home First Bracelet and $180,730

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Peter GelencserPeter Gelencser (pictured right) won event No. 7 ($2,500 2-7 triple draw lowball) at the 2010 World Series of Poker just after midnight on Friday morning. The young Hungarian defeated Raphael Zimmerman heads up for his first bracelet, along with $180,730 in prize money.

Gelencser, who plays under the name “Iteopepe88” online, has plenty of success navigating his way through massive fields online. Today, however, he made his mark on the brick-and-mortar scene. He only had to outlast 290 other players to accumulate all of the chips in play, and took the biggest piece of a $727,500 prize pool.

The money was reached on Wednesday night, with the top 30 players awarded prize money. Some notables who cashed in the event, but fell short of the final table included Eli Elezra, Ted Forrest, David Baker, Allen Kessler, Greg Mueller, and Hoyt Coykins.

There were still eight players left today who came back to the Rio at 4 p.m. for the final day of the tournament and only six would make the final table. After a few hours, the final six were set, and they were moved over to the final table stage in the Amazon Room.

Gelencser entered the final day second in chips. He was only behind the favorite to win the event, David Chiu, who finished in fourth place. He gradually grew his stack from 400,000 to start the day to just over 700,000 at the start of heads-up play. That 700,000 put him at a 2-1 chip disadvantage against Zimmerman. Gelencser was able to chip away at Zimmerman though and he eventually put Zimmerman in a hole that he couldn’t escape in the end.

Here are the official final table results:

1. Peter Gelencser – $180,730
2. Raphael Zimmerman – $111,686
3. Don Mcnamara – $73,803
4. David Chiu – $50,157
5. Jameson Painter – $34,843
6. Leonard Martin – $24,723

Here are the elimination hands as reported on CardPlayer.com’s live updates:

Leonard MartinLeonard Martin Eliminated in Sixth Place ($24,723)

Leonard Martin was all-in before the second draw and Peter Gelenscer bet and forced Don McNamara to fold, leaving the pot heads-up.

Both players drew one card on the second draw. Gelenscer stood pat and Martin drew one card on the third draw. Gelenscer tabled the 8-6-4-3-2 and Martin paired on the final draw, giving him a 7-7-6-3-2. Martin will take home just under $25,000 for his efforts at the final table.

Jameson PainterJameson Painter Eliminated in Fifth Place ($34,843)

Jameson Painter found himself all in after the first draw against chip leader Raphael Zimmerman.

Painter took two cards on the second draw while Zimmerman took one. Painter then took one card on the last draw while Zimmerman stood pat.

Painter turned over A-7-4-3-2, no good against Zimmerman’s 10-7-6-4-3 and Painter was out.

David ChiuDavid Chiu Eliminated in Fourth Place ($50,157)

David Chiu was all in for his last 20,000 against Don McNamara. Chiu drew two cards on the first draw, one card on the second draw and stood pat on the final draw.

McNamara stood pat the whole way and then showed an 8-6 low. Chiu could only turn over an 8-7 low and he was eliminated.

Don McNamaraDon McNamara Eliminated in Third Place ($73,803)

Peter Gelencser raised from the button and Don McNamara made the call from the big blind. Both players drew three cards and McNamara led out. Gelencser made the call and drew one card.

McNamara stood pat and moved all in for his last 30,000. Gelencser made the call and drew one more card. Gelencser then showed a 9-low to best McNamara’s jack-low and McNamara was eliminated.

Peter GelencserRaphael Zimmerman Eliminated in Second Place, Peter Gelencser Wins Event No. 7 ($180,730)

Raphael Zimmerman held the chip lead at the final table for most of the day. He held close to a 2-1 chip lead entering heads-up play but Peter Gelencser wore down the chip leader until the roles were reversed.

Zimmerman found himself all in after the second draw and drew one card. Gelencser stood pat and showed a 9-7 low. Zimmerman turned over his cards to show he was drawing to an 8-6 low. Unfortunately for him, he drew another six, pairing his hand and he was eliminated.