It's been a bad day for the older guys at the final table, with both Hungarian Toth and experienced Italian Gino Alacqua crashing out in the early stages.

On $15k/$30k, Romanian Hrisca makes it $60k preflop, only for Gino Alacqua to shove his stack in for $300k or so...

Iversen now called behind(!) and Ciprian also made the call...

The flop fell J 8 T and when Ciprian checked Iversen bet out $240k...Ciprian called!

The turn was the J, the river the 9 and there was no further betting...

Alacqua showed up with A T but 2nd pair was no good once Iversen flipped up Aces.

Ciprian however turned up with A-Q for the rivered straight and punched the air in celebration as his straight took down the pot.

Meanwhile Gino Alacqua busts out in 6th spot, winning €100,016.

Albert Iverson has just taken a big pot from Martin Jacobson with some suspicious-looking betting on the turn and river. It folded to Jacobson in the small blind who limped and Iverson checked his option in the big blind.

The flop came down 6 5 4 and Jacobson led out for $30,000. Iverson raised to $85,000 and Jacobson called. It didn't end there, however, as Jacobson popped it again to $200,000. The turn was the 9 and Jacobson checked.

Iverson counted out chips and made it $110,000. After some thought Jacobson made the call and we saw the T hit the river. Jacobson checked and Iverson bet a very small $175,000 bet. Jacobson thought for a long time before mucking his hand and conceding the pot.

Zoltan was left with a mere $43,000 after that last hand, $20,000 of which was in the big blind.

He was always going to find himself all-in on this hand and Gino Alacqua and Iversen tagged teamed preflop to knock him out.

Zoltan made the obligatory pre-flop call all-in...

The two live players checked down a3 8 4 Q 3, Alacqua flipping up A-2 for ace high, but when Iversen turned up Q-T for top pair and Toth could only show up with 2-6, it was all over for the Hungarian, who was busted out in 7th for €78,736.

From chip leader to out inside the first level!

We anticipated a fast start and we have had it. The lightning start we've witnessed has seen two casualties already. We thought it would be a fast final and the players aren't disappointing us...

An amazing hand jsut played between Jacobson Johnny Lodden and Zoltan Toth.

The three players and Iversen all called a raise to $150k and they went 4 handed to a flop of J 2 8.

First to act Jacobson now shoved for $500k...only for Johnny Lodden to mvoe all-in behind!

The action wasn't over yet though as Zoltan Toth also called behind!

Amazing!

The players all flipped their hands.

Jacobson showed T 7 for a gutshot and flush draw, whilst Johnny shows K K for the overpair.

Toth meanwhile held a hand which crushed Jacobson's outs, the A K for the nut flush draw!

This was a pivotal moment, could Lodden get his big pair to hold versus the draws?

The turn came the 7, Lodden's overpair still good but a cruel 9 on the river made Jacobson's straight.

The Swede had looked in bad shape but the fortuitous river gave him the pot and Lodden is eliminated in 8th spot winning €53,200 with Zoltan Toth hurt badly, down to $43,000, jsut two big blinds.

So one of the favourites is dismissed and the local hero is crippled.

What a start!

Gino Alacqua may have been hurt by that hand against Jacobson, but he isn't giving up just yet, re-raising a William Fry button raises all-in and getting him to fold.

That moved the Italian to $350,000 whilst Fry was knocked back to $450,000...

The depth of the stacks in relation to the blinds today means we are likely to have a fast final, as has been the case in recent EPTs.

It looks like we have another fast and furious day on our hands!

Martin Jacobson started the day with a small stack of 274,000 but that has all changed for the Swede now.

Folded to Gino Alacqua in the small blind, the Italian moved his $566,000 stack into the middle, only for the Swede to immediately call, as he had found cowboys in the big blind.

Gino showed he had just been stealing the blinds with 9 J and he raced off against Jacobson's K K.

The flop looked like Alacqua might get out of it, giving him an open ended straight draw as it fell 2 T Q but the Swede had the king high flush draw, and although Gino made his straight on the 8 turn, Jacobson's flush was superior and he doubles through to $550,000 whilst Alacqua loses half his stack...

We have early action!

Zoltan Toth called a raise to $60k by Romanian Ciprian Hrisca from the big blind and checked the 7 6 2 flop to the Romanian.

Ciprian bet out $60,000 only for Zoltan to make it $135,000. Ciprian looked puzzled, but made the call.

On the turn Zoltan led for $200,000, a big bet, representing 20% of his stack. Ciprian made a surprisingly fast call.

The river fell the A and now both players decided to check. Ciprian showed A-T for a rivered pair and Zoltan mucked his hand!

Johnny Lodden looked shocked at Ciprian's hand but however he came by the chips, Ciprian takes down a big pot, hurting local favourite Zoltan and soaring into the chip lead.

The final table of the inaugural PokerStars.com EPT Budapest main event is moments from kick-off. This is one of those rare EPT final tables devoid of North Americans so, one way or another, this title will be staying in Europe.

PokerListings will be furnishing you with up to the minute live updates for the duration so stick with us as we take you down the road to an EPT5 Budapest champion!

Here are the start of day chip counts for our final eight players.