The following year, he finished 9th in the WSOP $10,000 no limit hold 'em Main Event, winning $85,000.[4] In the 2005 WSOP he had four money finishes, including a second-place finish to Doyle Brunson in the $5,000 short-handed no limit hold 'em event, and 19th place in the $10,000 Main Event.[5][6]
Ly also won the second Doyle Brunson North American Poker Championship in Las Vegas on October 18, 2005, when his J♣3♥ outdrew Dan Harrington's A♥5♣ on a board of 6♣9♦3♠K♠7♦ in the heads-up confrontation to take home the $1,060,050 first prize and his first World Poker Tour (WPT) title.[7]
As of January 2015, his total live tournament winnings exceed $3,800,000.[8] His 14 cashes at the WSOP account for $2,071,657 of those winnings.[9]
Ly appeared in season 2 of GSN's television seriesHigh Stakes Poker. During his time playing in High Stakes Poker Daniel Negreanu and other players began to jokingly imitate Ly's heavy accent during hands, which Ly found amusing. Negreanu became particularly well known for the imitation.