Horacio Chaves raised on the button and called a three-bet from Nick Guagenti, who was in the big blind.
Guagenti drew one and Chaves drew two on the first draw. Guagenti then led out and called after Chaves raised.
On the second draw, both players drew one and Guagenti check-called a bet from Chaves.
Guagenti took one off and Chaves stood pat on the end. Both players then checked and Chaves was shown a pair of fours, which he had beat with 9x7x5x4x3x to claim the pot.
Now in its 16th edition, the PPC has become one of the most coveted titles in the game, with only the WSOP Main Event rivaling it in prestige for many of poker's elite.
Over five days, a field packed with mixed-game specialists and Hall of Famers will battle across nine disciplines in pursuit of the Chip Reese Memorial Trophy and a place alongside some of the game's greatest champions.
With Day 2 of Event #58: $1,500 Limit 2-7 Lowball Triple Draw ready to begin at the 2026 World Series of Poker, just 125 players will be opening up their bags as play resumes, having outlasted the large majority of the 657 entries that were recorded in the event.
The title of chip leader was earned by Stephen Hubbard, who ended last night on 405,000 chips, good for just over forty big bets. Both he and second-placed Patrick Moulder (373,000) are in the hunt for a second bracelet, and both earned their first in a lowball draw variant. Hubbard has already had an incredible series, taking down the $1,500 No-Limit 2-7 Lowball Draw event a few weeks ago, before final tabling the $1,500 Razz.
Moulder's bracelet came two years ago in the $2,500 Mixed Triple Draw, having picked up the game on a whim two years prior. Each will have full belief in themselves to double their bracelet tally; meanwhile, hot on their heels is Casey Hayes, who ended the day with 370,000 in chips, and will have his eyes on his maiden piece of WSOP hardware.
Casey Hayes
Start of Day 2 Top Ten Chip Counts
Rank
Player
Country
Chip Count
1
Stephen Hubbard
United States
405,000
2
Patrick Moulder
United States
373,000
3
Casey Hayes
United States
370,000
4
John Cressend
United States
311,000
5
David Avina
United States
310,000
6
Jerry Wong
United States
283,000
7
Michael Rodrigues
Portugal
275,000
8
Jon Kyte
Norway
275,000
9
Horacio Chaves
Paraguay
272,000
10
Zachary Reinbold
United States
256,000
Also returning for Day 2 are plenty of well-versed players in the mixed-game streets. Norwegian poker legend Jon Kyte (8th) will come back to 275,000, UK circuit crusher Alex Rizvi (17th) bagged up 260,000, and serial casher and mixed-game grinder Ari Engel (20th) is always a force to be reckoned with, as he starts the day with 211,000.
Plenty of 25k Fantasy players remain in with a shot, including Nick Guagenti (212,000), Dylan Smith (195,000), Max Neugebauer (173,000) and Maxx Coleman (110,000).
Dylan Smith
Payouts were confirmed during Day 1, with all remaining players eyeing up the $161,313 first-place prize that stems from the total $1,872,167 prize pool. Only the final 99 will earn a piece, with a min-cash good for $3,013.
Day 2 Action is set to begin at 1 p.m. local time, with blinds at 3,000/5,000 and the betting limits 5,000/10,000. Stay tuned as PokerNews brings you all the action from the rest of the event.
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