19 crews were entered into the event. The top finishers from each of the three heats advanced directly to the finals while the remaining teams were relegated to the semifinals.
The race was delayed five hours by wind gusts of 40 mph (64 km/h), which happened three times in the event alone. Because of the winds, the waters were as choppy as those used for the whitewater course. Australia moved from third to first with 50 meters left, only to have the Hungarians surge ahead at the finish to win the race. The winning time was 16 seconds slower than that of the qualifying heats four days earlier due to the adverse weather conditions.
Wallechinsky, David and Jaime Loucky (2008). "Canoeing: Men's Kayak Pairs 500 Meters". In The Complete Book of the Olympics: 2008 Edition. London: Aurum Press Limited. p. 474.