Phil Galfond has officially erased a massive deficit in the Galfond Challenge against Chance Kornuth and now holds a decent-sized lead. But he can’t get too excited because there is still plenty of time for his opponent to win.

Phil Galfond is starting to regain his dominance against Chance Kornuth. (Image: Twitter)

The two skilled poker pros are competing in a 35,000-hand heads-up pot-limit Omaha competition on WSOP.com at $100/$200 stakes. They have also agreed to a separate side bet in which Galfond would pay $1 million extra if he loses. Kornuth, on the other hand, would owe $250,000 should he lose.

Galfond laid those 4-1 odds on the basis that he was so heavily favored. PokerShared handicapped the Run it Once poker site founder as a 4-1 favorite. And he showed why early on in the match as he busted out quickly to a six-figure advantage. But Kornuth, a skilled PLO player as well, proved over the next 10,000-plus hands that he belongs and can compete at the highest level even against one of the best PLO players ever.