bust on


Senior Member
This sentence is from a news report on a poker event, what does 'bust on ' here means?

"The first two Day Ones say 330 players taking part each day and the third day did not disappoint with all most 500 players competing. The first player out was Aussie Millions Champion Oliver Speidel who bust on the first hand of the day. "

Does it mean he beats the opponents and won?

Thank you!
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