If you love to hate 11-time World Series of Poker (WSOP) bracelet winner Phil Hellmuth (pictured), then you’re probably thoroughly enjoying this year’s tournament series. On Monday, for the second time during the 2011 WSOP, Hellmuth finished as the runner-up in a bracelet event. Despite coming up empty twice and not capturing bracelet #12, Hellmuth has amassed $500,000 in earnings in the 2011 WSOP through 33 events.

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Hellmuth’s latest run came in Event #33, the $10,000 Seven Card Stud High-Low Split Eight or Better Championship. He was a 7:1 underdog heading into heads-up play against Eric Rodawig, who ultimately walked away with $442,000 and his first gold bracelet. Hellmuth failed to draw out on Rodawig’s two pair, threes and deuces, on his final hand and picked up $273,000.

In Event #16, the 2-7 Draw Lowball Championship, Hellmuth fell heads-up to fellow pro John Juanda. However, his runs in Events #16 and #33 demonstrated an aptitude for non-Hold’em games. So far, all 11 of Hellmuth’s bracelets have come in Hold’em.

Following his elimination in the Seven Card Stud High-Low Split Eight or Better Championship, Hellmuth Tweeted to his 80,000 followers, “Absolutely played my heart out, but fell short of the 12th bracelet one more time: 2nd place again. Not as depressed this time though.”

To that end, one poster in a thread in the Live Poker forum stood up for “The Poker Brat” and former Main Event winner: “lol @ all the Phil haters. No matter what you say, he has 11 bracelets (which is prob 11 more than everyone ITT combined), seems to have improved his Mixed Game by quite a bit, and as much as the ballaz here hate to admit, is def good for the game and has done so much more for poker than any of the no-name haters posting here.”

Hellmuth also holds a thin edge over Sam KingKobeMVPStein in the 2011 WSOP Player of the Year race. Hellmuth has 393 points, eight more than Stein. One PocketFiver chided, “If he wins the POY, we have to listen forever to, ‘I am Phil Hellmuth, I have X bracelets and I am the WSOP POY 2011. I’m the best tournament player in the world.'”

John $JMONEY$ Racener (pictured), who was the chip leader entering Monday’s play in Event #33, finished in third place for $171,000. The tournament marked Racener’s second final table of the 2011 WSOP; he finished eighth in Event #23, a $2,500 Eight Game Mix, for $24,000.

Here were the final results from Event #33 of the 2011 WSOP:

1. Eric Rodawig – $442,183
2. Phil Hellmuth – $273,233
3. John $JMONEY$ Racener – $171,122
4. Ted Forrest – $123,904
5. David Benyamine – $96,836
6. Mikhail Savinov – $77,222
7. Joe Tehan – $62,710
8. Ali Eslami – $51,750

Also wrapping up on Monday was Event #32, a $1,500 No Limit Hold’em affair. Nearly 3,000 players turned out for the tournament on Saturday and Canada’s Kirk Caldwell pulled down $668,000 for the win. Canadians dominated this event, as three of the top four finishers called the North American nation home.

Randy Randers Haddox (pictured) finished in sixth place in Event #32 and collected $114,000. Haddox recorded his second in the money finish at this year’s WSOP and saw his pocket kings fall to pocket queens on his final hand. His opponent, Caldwell, flopped a queen to surge ahead and a running 9-4 ended his bracelet bid.

The final table of Event #32 shook out as follows:

1. Kirk Caldwell – $668,276
2. Ben White – $414,918
3. Marc McLaughlin – $292,634
4. Gabriel Morin – $211,353
5. Dror Michaelo – $154,506
6. Randy Randers Haddox – $114,304
7. Rodrigo rodrigo garrido portaleoni Portaleoni – $85,556
8. Kyle da_kyky Cartwright – $64,788
9. Alan Stevens – $49,631

Meanwhile, members of the online poker community have been Tweeting in anticipation of the Main Event, which begins on July 7th with the first of four starting days. For example, bracelet winner Grant drossxyuHinkle (pictured) posted on our WSOP Twitter page, “Took down Monday Night Poker last night. Building momentum for the WSOP Main Event.”

Then there was Mike SowersUNCC Sowers, who pondered, “Playing the $2,500 NL today. Question of the day… Why do we as individuals and as a society crave such dysfunction in our lives?”

Check out all of our 2011 WSOP coverage.