Entering from the unfavoured starboard side, Dean Barker was perhaps guilty of being a little bit too aggressive in the pre-start, chasing Oracle in early, keeping the action tight. That allowed Jimmy Spithill to get a hook on Barker, and bounce Team New Zealand off the startline.
With their speed dropping to just 5 knots close to the line, Team NZ were well behind Oracle by the time they got going, trailing by five seconds at the first mark.
Forced into an extra tack before the top mark, Team NZ trailed by 10 seconds heading into the final run, and from there Oracle just needed to sail error-free to claim the win.
Team NZ boss Grant Dalton said there is no sense of panic in the crew, they just need to keep "chipping away".
"It was always going to be difficult with the starboard entry. We tried to get in the action at the start, it didn't work out. There's not much in the boats upwind and probably similar downwind so it's pretty hard to make up that deficit."
Two further races are scheduled for tomorrow....and the day after that...and the day after that...until one team closes it out.