At the 2006 WSOP, Phan finished second in the $1,000 No-Limit Hold'em event when his failed to improve against Jon Friedberg's on a board of . Phan earned $289,389 for his runner-up finish the next year at the 2007 World Series of Poker Phan was runner-up to Francois Safieddine in the $2,500 No Limit Hold'em event, earning $330,846 but it was not until the 2008 World Series of Poker that Phan won his first bracelet after winning the $3,000 No-Limit Hold'em event, earning $434,789 and then he won his second bracelet the same year, this time in the $2,500 2-7 Triple Draw event, earning $151,896. Phan cashed for a total of $608,464 at the 2008 WSOP.