(CNN) -- Austria's Benjamin Raich is the new leader of the overall World Cup standings after winning the men's giant slalom at Adelboden, Switzerland on Saturday.
Austrian Raich celebrates his third victory on the tricky Adelboden piste in four years
Raich, a winner on the notoriously difficult course in 2006 and 2007, completed his two runs in a combined time of two minutes, 24.95 seconds.
Italy's Massimiliano Blardone, the winner in 2005 and runner-up to Raich in 2007, finished 0.24 seconds behind in second place with Kjetil Jansrud of Norway taking third place.
The 30-year-old Raich leads the overall standings with 533 points, 55 points clear of overnight leader Jean-Baptiste Grange of France -- who finished a lowly 19th on Saturday. Norway's Aksel Lund Svindal is third overall.
It was Raich's 33rd career World Cup win, and 13th in the discipline. He also won at Beaver Creek, Colorado, in December.
Defending overall champion Bode Miller skied out before halfway in the first run when he caught a gate and could not correct his line -- the eighth time in 16 events this season he has failed to complete a race.
Meanwhile, local favorite Tina Maze of Slovenia won the women's giant slalom in Maribor.
Maze was second after her opening leg but had the fastest second run to finish with a combined time of two minutes, 45.15 seconds for her seventh career victory. Denise Karbon of Italy was second and Kathrin Hoelzl of Germany third.
Defending overall World Cup champion Lindsey Vonn, had the second-fastest time in the final run and finished 1.52 seconds behind Maze in seventh place to close the gap on leader Maria Reisch of Germany.
Riesch, who finished 12th, has 629 points in the overall standings. Finland's Tanja Poutiainen is on 584 points with Vonn on 566.