I ran the engine match below for my upcoming submission to the UON. I believe this game shows how tactical the opening can get in the elephant gambit. White wins here and it was beautifully done. Basically, what NOT to do with Black.
(1) Fritz 11 - Strelka 2.0 B [C40]
Elephant Gambit Bd6b Baltimore (1.1), 15.10.2008
[1.26;0.92]
Intel(R) Pentium(R) 4 CPU 3.20GHz 3192 MHz W=14.7 ply; 937kN/s; 3 TBAs B=12. 9 ply; 837kN/s 4.Nc3 1.26/14 10 4...Nf6 0.92/13 11 5.Bc4 1.14/14 8 5...c6 (0-0) 0.81/12 6 6.0-0 (Qe2) 0.84/14 9 6...b5 (0-0) 0.46/13 5 7.Bb3 (Be2) 0.23/14 8 7...b4 0.76/12 6 8.d4 0.83/14 14 8...e4 0.87/13 12 9.Nxe4 0.67/16 12 9...Nxe4 0.65/13 5 10.Re1 0.89/15 6 10...cxd5 0.97/13 6 11.Bxd5 0.89/14 4 11...Bxh2+ 0.85/14 8 12.Kxh2 0.42/16 10 12...Qxd5 0.86/14 8 13.Ng5 0.72/15 5 13...f5 0.63/13 5 14.Qh5+ 0.41/14 4 14...g6 0.67/14 8 15.Nxe4 0.61/15 7 15...0-0 0.71/13 5 16.Qg5 0.44/15 5 16...Nd7 (Qxd4) 0.88/13 9 17.Nc5 0.97/14 9 17...Nxc5 0.88/12 1 18.dxc5 0.96/14 3 18...Bb7 1.07/13 11 19.Be3 1.11/14 6 19...Rae8 1.39/12 17 20.f3 1.08/13 5 20...Bc6 (Qc4) 1.40/12 5 21.Rad1 (Qf4) 1.06/14 6 21...Qe5+ 1.34/12 4 22.f4 1.07/16 5 22...Qe7 (Qf6) 1.46/13 6 23.Qg3 (Rd6) 1.12/13 5 23...Qf7 (Qc7) 1.06/12 3 24.b3 (Rd6) 1.14/14 7 24...Qc7 (Re6) 1.07/12 6 25.Rd6 1.46/16 6 25...Rd8 1.06/13 4 26.Bd4 1.19/15 3 26...Rxd6 1.15/14 4 27.Be5 1.49/14 3 27...Qd7 1.56/13 16 28.cxd6 1.57/13 1 28...Rc8 (Be4) 1.59/12 3 29.Qh4 (Rc1) 1.74/14 4 29...Rf8 (Qf7) 1.88/13 11 30.Re3 (c4) 1.95/14 4 30...Qd8 1.88/13 10 31.Qh6 (Qf2) 2.30/15 4 31...Rf7 1.99/12 2 32.c4 2.48/16 9 32...bxc3 (Rd7) 2.11/12 2 33.Rxc3 2.54/16 4 33...Qc8 2.14/12 3 34.Qh3 (Qh4) 2.67/16 4 34...Qb7 (Qe8) 2.36/12 3 35.Rc5 (Qd3) 2.99/15 3 35...Qb6 2.52/11 2 36.Qc3 (b4) 3.08/14 1 36...Bd7 3.14/13 6 37.Rc7 3.68/15 5 37...Qb8 (Be6) 3.32/13 3 38.Qc4 3.61/14 1 38...Qe8 3.41/13 3 39.Bc3 3.79/15 2 39...h6 3.56/12 3 40.Rxa7 3.81/15 2 40...g5 3.93/12 4 41.a4 3.84/15 3 41...Qe6 4.29/12 2 42.Ra8+ 4.11/15 3 42...Kh7 3.98/12 2 43.a5 (Qd4) 4.60/15 3 43...Qxc4 4.31/13 2 44.bxc4 4.36/15 0