It didn't take long for the first elimination of the day to occur, and it's no surprise that it was the short stack at the final table.
It happened when Greg Pappas called the bring-in bet with an showing and Hellmuth completed with a . Kevin Iacofano reraised with a , Pappas called, and Hellmuth pushed back. A series of raises saw Iacofano get his last 28,500 in the pot and he needed to survive against two opponents.
Pappas and Hellmuth actually created a side pot when the former bet both fourth and fifth and received calls from the "Poker Brat." Hellmuth took the lead on sixth, promptly bet, and Pappas called. Hellmuth then bet seventh and Pappas raised him. Hellmuth called and discovered the bad news.
Iacofano finished with a Q-8-6-4-A low, which was no good as Hellmuth and Pappas held a seven-five and six-four low respectively. Hellmuth seemed distraught to be beat, and he got up out of his chair and wandered toward the back of the ESPN main stage as Iacofano collected his things and exited to a nice round of applause.