Gus Hansen made a solid return to the live poker tables this week when he showed up to play in the two high roller challenges at the Aussie Millions.

Hansen, who finished as the biggest online winner in 2011 with profits of more than $3 million, first signed up to play in the $100,000 Challenge, and fared fairy well until the decisive stages of the tournament.

Once play approached the money bubble, Hansen however had to see his tournament life end, as he made a bold move with against the then-chip leader Mikhail Smirnov's .

Hansen lost the flip, and had to leave the event as the bubble boy, much to his own regret.

"The disappointment did not come from some bad breaks at the end. It came from me completely losing my mind and making what can only be described as a terrible tournament blunder at the end," Hansen, who was second in chips at that moment, writes on his GusHansen.me blog.

"I have of course tried to defend my hyper aggressive play in my mind, but no matter how I twist and turn it – it was and will always be a mistake! So on a mental note to myself I really have to be careful butting heads with the chip leader, especially being 2nd in chips," he adds.

Out of the $100,000 Challenge, Hansen moved on to play in the bigger $250,000 Challenge the following day, and here he would get his revenge as he finished in third place for a $800,000 payout.

Hansen arrived to the final table with a big stack, but as the play went into fourhanded mode with money for the top-three finishers, he once again began feeling the pressure.

"All in all I was, with some good fortune, humming along, building my chips and arriving at the final table as chip leader. But once again I squandered my lead and with 4 players left it looked like I might be the Bubble-Boy once again," Hansen writes.

"Fortunately the blinds were rather large compared to our stack-sizes and Daniel Negreanu went all-in with A-8 over the top of Patrik Antonius’ JJ – no Ace and we were down to 3."

"After all is said and done I am happy to cash in a big buy-in event as I felt I was going through a minor dry spell in those events," he ends.

Hansen's good run Down Under comes short after he made an appearance in the live mega cash games in Macau shortly after New Year, reportedly leaving the city as one of the games' biggest winners with a $3 million profit.