For most of us, $50,000 is a whole lot of money. It’s a year’s salary. A new car. A down payment on a new house. Our savings.

For others, however, $50K is pocket money — a single pot in a $200/$400 game or a roll of the dice on the craps table. It’s also the cost of entry into the first marquee event of the 2010 WSOP, the $50,000 Poker Player’s Championship.

Over its short life, this tournament has undergone a variety of changes as it tries to cement its identity in the poker world. Starting out as the $50,000 HORSE event in 2006, the tournament quickly gained a reputation as the true players championship because of its hefty buy-in and mixed-game format. In that first year, 143 players ponied up $50K each for a shot at the title and the chance to play mixed games on ESPN.

The poker economy isn’t what it used to be. Players who wouldn’t have thought twice about dropping $50K two years ago are now looking at the cost of entry the same way many of us look at $1,500, $2,500 or $5,000 events.

Poor ratings forced a format change in 2007 and 2008, however, when ESPN agreed to broadcast the event only if the final tables were all No-Limit Hold ‘em — a game that’s much easier for the general viewing audience to follow. The change didn’t do much to affect the number of entrants, as 148 players registered for the tournament in both 2007 and 2008.

ESPN dropped the $50K HORSE event completely in 2009 and, it can be argued that the lack of potential TV time, combined with the beginning of the economic crisis, had a significant impact on the field as just 95 players competed in the event last year. Now, however, the $50K HORSE event is back on the air – renamed as the the $50,000 Player’s Championship and featuring an eight-game mix along with a TV-friendly NLH-only final table. Michael “the Grinder” Mizrachi took down the $1.5 million bracelet last night in what had to be good-for-TV fashion – with his brother and other well-known pros falling by the wayside before he ended up mano-y-mano against an interesting Russian high-roller.

While this event is certainly popular with a small – albeit influential – subset of players, real questions after five years are, is it successful and will it be back again in 2011. According to the WSOP’s PR Director, Seth Palansky, the answers are yes. Speaking recently on the new Wicked Chops podcast, Palansky said WSOP officials set the over/under on the number of players in this year’s event at 100, and were very pleased with the fact that 116 players registered for the tournament.

And, while 116 players is nothing to sneeze at, that number is significantly smaller than the one being bandied about on press row before the start of the event, when usually well informed sources said WSOP officials were expecting at least 130 players — still nearly 20 players shy of the tournament’s high water mark.

Is Palansky just trying to put the best face on a disappointing turnout? And, if so, does it matter?

What does seem clear is that the poker economy — like the overall US and world economies — isn’t what it used to be. Before the start of the WSOP, I had a chance to speak with a couple of well known and well respected pros whom you would expect to be playing in this year’s Player’s Championship. They certainly have the bankrolls to afford the game and the skills to be competitive. Yet, they decided to pass — all for similar reasons.

In each case, the players said that with the tourney’s high price point and loaded field, they just don’t see enough value to justify parting with $50,000, as nearly 90 percent of the entries are sure to do. Think about that for a second. With 116 entrants, the tournament is paying out 16 places, with a min-cash paying out just over $98,000. Eighth spot, which is the first to bust from the final TV table, earns a little more than $182,000 along with whatever bonus money is being offered by the player’s sponsor site — usually between five and six figures for players from sites like PokerStars and FTP. First place pays more than $1.5 million, plus bonuses.

It’s not that these players think the tournament, in and of itself, is too expensive or that the field is too tough. Instead, it’s a matter of simple bankroll management and the fact they believe that playing this event, in the greater scheme of the overall WSOP, doesn’t make financial sense. Players who wouldn’t have thought twice about dropping $50K two years ago are now looking at the cost of entry the same way many of us look at $1,500, $2,500 or $5,000 events.

Is this event worth the price? Is there better value somewhere else for less money?

When even the richest and most successful poker pros in the world are asking such questions before entering “big” tournaments, what does that mean for the casual players for whom a trip to the WSOP is a significant financial commitment? Will they show up? If so, will they play as many events as last year? Will they play events outside of the Rio? Will the overall number of players at this year’s WSOP drop for the first time in post-Moneymaker, Harrah’s-driven history?

For Palansky and Harrah’s executives, these are burning questions for the 2010 WSOP. Even though you won’t hear them say any specific number or benchmark really matters, they do. Field sizes, and the dollars associated with them, have to factor into any profit-minded corporation’s assessment of an event’s success, and how they consider the vibrance of an overall market.

So while 116 or any other number may not alter how things run this year, it has a lot to do with what kind of poker we’ll see in future WSOPs.

Tina from PokerRoad tracked him down in his private RV while he was on dinner break of Day 2b, when he had less than half that many chips, and got a minute with him where he explained why he played fewer tourneys in the latter stretch of the WSOP … and acknowledges that yes, he coughed back at least one of his big bracelet bets on the $50k HORSE:

Special pass-bys by Charles Barkley, Mike Tyson, and Oliver Tse … plus the Insider and the Tight Laydown. Dr. Pauly sits in with the crew … and gotta say, as the first episode I’ve ever heard just as a listener, this Poker Beat thing is a pretty good show!

on PokerRoad

The Poker Beat
Caldwell, McGwire, Wise, Nemeth, Stapleton
7/2/09

$50k HORSE Final Table, It Keeps Going, and Going, and Going…

It’s 9:15am PT, but the final table of the $50,000 HORSE is still going with David Bach and John Hanson playing heads-up with Bach holding a slim chip lead. Erik Sagstrom finished in 3rd, Vitaly Lunkin was eliminated in 4th, Huck Seed finished in 5th and Ville Wahlbeck finished in 6th place. Unless Wahlbeck makes a deep run in the Main Event, Jeff Lisandro appears to have locked up the WSOP Player of the Year with Wahlbeck a close second. For those of you who have followed the nearly 17-hour final table from beginning to end, God bless you.

“Whackjob Surprise” Goes Deep in $2,500 2-7 Triple Draw

Nine players remain in the $2,500 2-7 Triple Draw Lowball when play resumes at 2pm. Here’s how the remaining players will be seated:

Seat 1: Hertzel Zalewski – 111000
Seat 2: Nam Le – 95000
Seat 3: Masayoshi Tanaka – 345000
Seat 5: Brad Libson – 146000

Seat 1: Kris Lord – 87000
Seat 2: Julie Schneider – 163000
Seat 3: John Juanda – 182000
Seat 4: Blair Rodman – 358000
Seat 6: Abe Mosseri – 447000

The reason for the title of this section is that it was a comment made regarding Julie Schneider by Daniel Negreanu on his Twitter. He would later add the following upon finding out she read his Twitter: “Apparently the lady reads my twitter. Oops lol. Oh well, when I sat down I swore she was a little off or slow. My bad!”. Negreanu eventually finished in 16th.

Halpern Lawyers Up in Stud 8

New Orleans attorney David Halpern defeated William Kohler heads-up to take down the $1,500 Stud Hi/Lo 8 or Better picking up his first WSOP bracelet along with $159,048.

Piesert Gets Bracelet for Dessert

The country of Germany gets its second WSOP bracelet winner with Jorg Piesert taking down the $3,000 Triple Chance NL Holdem title along with $506,800, defeating Jason DeWitt in heads-up play. After going 50 events without a win, Germany wins on consecutive days, following Carsten Joh’s win in the $1,500 NL event Monday night.

Final Day of Final $1,500 NL

Sergey Konkin, who may also be Sergey Pomerantsev as Konkin’s name didn’t appear on the Day 1 chip counts, is the chip leader (1,400,000) with 28 players remaining in the $1,500 NL Holdem Spectacular when play resumes at 1pm. The most notable name of the remaining 28 is Vivek Rajkumar at just 216,000.

$5,000 NL 6-max

Day 2 of the $5,000 NL Holdem 6-max event begins at 2pm with 160 players remaining, with 90 players making the money. Rory Mathews leads with 369,800 in chips. Others with chips: Faraz Jaka (294,500) , Davidi Kitai (166,300), Justin Bonomo (138,600), Raymond Davis (131,400), Shaun Deeb (114,800), Yevgeniy Timoshenko (107,100), Phil Hellmuth (101,200) and Kenna James (85,500).

More stuff from Pokerati during the day, and follow the live updates this morning for the HORSE event, as long as it’s still ongoing at www.wsop.com

presented by:

Tao of Pokerati at the 40th WSOP
Las Vegas, NV

Episode 11.26: DonkTwit Conspiracy
4:54

Final Table Set in 50k HORSE

The final table of the $50,000 HORSE was established early Tuesday morning, with Gus Hansen the unfortunate final table bubble boy. Here’s how the final table will be seated, with streaming coverage starting around 2pm PT at www.espn360.com and wsop.pkr.com:

Seat 1: Ville Wahlbeck – 645000
Seat 2: Erik Sagstrom – 3675000
Seat 3: John Hanson – 1700000
Seat 4: Huck Seed – 1380000
Seat 5: Vitaly Lunkin – 2490000
Seat 6: David Bach – 2345000
Seat 7: Erik Seidel – 965000
Seat 8: Chau Giang – 1075000

While Lunkin and Wahlbeck will be trying to win their 2nd WSOP bracelet this year, Wahlbeck will lead the WSOP Player of the Year race with just two tournaments remaining if he finishes first.

Carsten Joh Wins One for Germany

Carsten Joh took down the next to last $1,500 NL Holdemtournament picking up a WSOP bracelet and $664,426, besting Andrew Chen in heads-up play.

DeWitt DeLeader in Triple Chance

Jason Dewitt (1,599,000) leads the remaining field of 16 in the $3,000 Triple Chance as they play down to a winner starting at 1pm this afternoon. Among those trailing behind Dewitt: Alex Millar (1,006,000), Karga Holt (715,000), Jason Somerville (320,000), Max Greenwood (294,000), Eric “rizen” Lynch (230,000) and An Tran (216,000).

Swinford Stud Leader

Brian Swinford leads (292,000) the day 3 field of 14 in the $1,500 Stud Hi/Lo 8 or Better when play resumes at 1pm this afternoon. Notables remaining: Chad Brown (284,000), Max Stern (216,000), Allie Prescott (202,000), Richie Sklar (134,000), Matt Savage (106,000) and Vince Burgio (40,000).

Christensen Leads Final $1500 NL Event

Jon Christensen of Oslo, Norway leads the field when day 2 of the $1,500 NL Holdem returns Tuesday afternoon with 160,800 in chips with action resuming at 2pm. Among the notables among the 397 returning players: Alexandre Gomes (76,000), Raymond Rahme (51,800), Dean Hamrick (39,500), Richard Lee (and his San Antonio sweatshirt – 34,300) and Vivek Rajkumar (31,800). 297 players will get paid over the next two days as they get close to the final table by the 3am deadline.

2-7 Triple Draw

Adam Ewenstein (71,800) leads the returning 73 players for Day 2 of the $2,500 2-7 Triple Draw Lowball, with only 24 players making the money when play resumes at 2pm. Notables returning: Rick Fuller (55,200), Blair Rodman (46,500), Tuan Le (42,000), Justin “Boosted J” Smith (33,700), Shawn Sheikhan (31,100), Julie Schneider (25,700), David Sklansky (22,600), and Jimmy “Gobbo” Fricke (18,700).

Tuesday’s Tournament

The final preliminary tournament of this year’s WSOP starts at 12 noon with the $5,000 NL Holdem 6-max event, won last year by Joe Commisso in a field of 805 for over $900,000. The WSOP Staff Guide projects a field of 865 today, which could delay the start of Day 2 in the $1,500 NL and $2,500 Triple Draw Lowball events.

Live updates of the last day of six tournaments begins around noon at www.wsop.com and Pokerati will surely have all sorts of stuff during the other parts of Tuesday.

Last $1,500 NL Draws Capacity Crowd (Again)

Monday’s $1,500 NL Holdem event drew a field of 2818 entrants for another sold-out event. Around 1,000 players will be left when the players come back to play four levels when play concludes for the evening. The unofficial chip leader is JC Tran (51,000) followed by Theo Tran (no relation) at 42,400.

HORSE Gallops to Final Table

12 players remain on Day 4 of the $50,000 HORSE, with the remaining players on their dinner break. Erik Sagstrom is the current chip leader (3,782,000) followed by David Bach (2,800,000), Vitaly Lunkin (2,060,000) and Erik Seidel (1,315,000). John Hanson, Huck Seed, Ville Wahlbeck, Gus Hansen, Ray Dehkharghani, Chau Giang, Mike Wattel and David Chiu make up the remaining field as they play down to the final 8.

$1,500 NL Final Table

The $1,500 NL Holdem event that started on Saturday finally reached their final table, now streaming at bluffmagazine.com/live and wsop.pkr.com with this lineup with Jason Helder the chip leader:

Seat 1: Owen Crowe
Seat 2: Carsten Joh
Seat 3: Steven Levy
Seat 4: Jason Helder
Seat 5: Thibaut Durand
Seat 6: David Walasinski
Seat 7: Georgios Kapalas
Seat 8: Nathan Page
Seat 9: Andrew Chen

Triple Chance Stumbles into the Money

The $3,000 NL Triple Chanceevent just eked their way into the money before taking their dinner break. Jeff Lisandro got knocked out just short of the money in his attempt to put the WSOP Player of the Race out of reach. Jason Dewitt (375,000) is the current chip leader, followed by notables Jason Somerville (245,000), Karga Holt (230,000), Shane Schleger (155,000), Eric Lynch (140,000), Joe McGowan (135,000) and Nick Binger (125,000). The remaining field will be playing until 3am, unless they get down to the final table of 9 before the deadline.

Sugar Bear Sweet on Stud 8 Bubble

Al “Sugar Bear” Barbieri is the current chip leader (130,000) with 49 players (the money bubble) in the $1,500 Stud Hi/Lo 8 or Better event. Max Stern, Andy Bloch, Chad Brown, Barry Greenstein, Bryan Micon, Justin Bonomo, Norman Chad and Matt Savage make up some of the noted names remaining in the field as they play down to the 3am deadline.

2-7 Triple Draw

A field of around 250 entrants signed up for the $2,500 2-7 Triple Draw Lowball event, with another five levels of play left on their day 1. Eli Elezra and Shannon Elizabeth are two very early eliminations, with several more to come during the wee small hours of the morning.

More live updates can be found over at www.wsop.com, and discussions on donkaments, entry fees, and all other things WSOP can be found on Pokerati during the evening.

Bracelet Winners go 1-2-4 in Limit Shootout

Greg Mueller becomes the fourth double bracelet winner at this year’s WSOP, taking down the $1,500 Limit Holdem Shootout, good for $194,854 as he denied Marc Naalden his second bracelet this year. The only year where more players have won more at least two bracelets was 2003 (Ivey, Juanda, Men Nguyen, Ferguson, Chan and Flack) . Millie Shiu finished in 3rd, tied for the highest placing woman in an open WSOP event this year(Ming Reslock in the $1,500 Omaha-8 and Laurence Grondin in the $2,000 NL Holdem). David Williams finished in thirdfourth..

Lunkin Looking to Make it Five in $50k HORSE

Vitaly Lunkin, winner of the first open bracelet ($40,000 NL Holdem) leads the remaining 19 players in the $50,000 HORSE event going into day 4. Three players will make zero on their investment, as they play down to the final table today starting around 2pm. Here’s how the remaining players will be seated:

(Table 58)
Seat 1: Erik Sagstrom – 1315000
Seat 2: Erik Seidel – 464000
Seat 3: Steve Billirakis – 576000
Seat 5: David Chiu – 397000
Seat 6: Mike Wattel – 779000
Seat 7: Chau Giang – 616000

(Table 60)
Seat 1: Huck Seed – 672000
Seat 2: Ray Dehkharghani – 262000
Seat 4: Brett Richey – 671000
Seat 6: Todd Brunson – 145000
Seat 7: Vitaly Lunkin – 1527000
Seat 8: Frank Kassela – 499000

(Table 62)
Seat 1: Tony G – 642000
Seat 2: David Bach – 1265000
Seat 3: John Hanson – 815000
Seat 5: Ville Wahlbeck – 842000
Seat 6: John Kabbaj – 678000
Seat 7: Freddy Deeb – 1300000
Seat 8: Gus Hansen – 801000

Durand Looking for Durability in $1,500 NL Holdem

Day 3 of the $1,500 NL Holdem starts with 30 players remaining, with Thibaut Durand (1,650,000) holding the chip lead when play resumes around 1pm PT. Owen Crowe (1,025,000), Josh Schlein (875,000), and Alex Jacob (274,000) are the most recognizable names remaining. When the final table is eventually reached, bluffmagazine.com and wsop.pkr.com will stream all the action.

Australians go 1-2 in Triple Chance

Day 1 of the $3,000 Triple Chance NL Holdem ended with 149 players remaining and it’s two Australians who hold the top spots when play resumes around 2pm today. Tim Horan is the chip leader (149,000), followed by Harris Pavlou (137,300). Notables returning on day 2 include Jeff Lisandro, Antonio Esfandiari, Shane Schleger, Nick Binger, Mike Caro, Noah Schwartz and Praz Bansi.

Prescott Gives Field Allie Can Handle in Stud 8

Day 2 of the $1,500 Stud Hi/Lo 8 or Betterevent resumes around 2pm with 146 players remaining, with Allie Prescott leading the field with 52,500 in chips. Notables returning include Jim Geary, Annie Duke, Marcel Luske, Daniel Negreanu, Barry Greenstein, Jon Turner, Matt Savage and Norman Chad.

Monday’s Tournaments

The 12pm $1,500 NL Holdem Donkament is already sold out, although there’s always the slim chance they’ll open a few more seats during the day. This is the seventh event of the $1,500 NL Holdem of this year’s WSOP, so it’s a “new” event, not having a winner last year. The 5pm (if it starts on time) event is the $2,500 2-7 Triple Draw Lowball event, won last year by John Phan for just over $150,000 in a field of 238. The WSOP Staff Guide projects a field of 262 entries.

Today and tomorrow will both be extremely busy with six tournaments going on at the same time, so check out www.wsop.com for live updates, and Pokerati for other stuff during the day.

Mueller Muscling His Way to Bracelet #2

The final table of the $1,500 Limit Holdem Shootout has 6 players remaining after returning from their dinner break. Greg Mueller is the current chip leader (950,000), followed by Marc Naalden, Millie Shiu, David Williams, Flaminio Malaguti and Matt Sterling.

Erik Looking to put the 123 on the HORSE Field

Erik Sagstrom, an early Internet poker sensation, is the current chip leader (1,280,000) of the $50,000 HORSE with 31 players remaining. Ville Wahlbeck (775,000) is in 2nd place, followed by Vitaly Lunkin (735,000) in 3rd as the players take their dinner break. Day 2 chip leader Gus Hansen (670,000) is still in the top 10, along with Todd Brunson (610,000) and Freddy Deeb (560,000).

Hedler Ahead of the Field in $1,500 NL

Jason Helder (440,000) is the current chip leader in the $1,500 NL Holdem with about 120 players remaining as they try to play down to 9 before the 3am deadline. Notables with chips left include Men Nguyen, Cody Slaubaugh, Jason Potter, Owen Crowe and Vinny Pahuja.

Triple Chance NL Holdem

A field of 854 started today’s debut of the $3,000 NL Holdem Triple Chance event, with a field of approximately 400 remaining. No chip leader has been named yet, but the updates say that there’s a few players with stacks of 70,000 from their starting stacks of 9,000.

Stud 8 or Better

A field of 467 showed up for the $1,500 Stud 8 or Better event that started at 5pm, they have eight levels of play today, with the only notable casualty so far being Perry Friedman.

Check out www.wsop.com for more updates, and some stuff overnight from Pokerati.

Cantu Wins Bracelet #2

In a battle of bracelet winners, Brandon Cantu defeated Lee Watkinson heads-up to win his second career bracelet in the $1,500 Pot-Limit Omaha 8 or Better event, good for $228,867.

Hansen HORSE Honcho

Day 3 of the $50,000 HORSE resumes at 2pm Sunday with 53 players remaining and Gus Hansen (686,000) the chip leader. Other notables close behind include Erik Sagstrom (560,000), Scotty Nguyen (463,000), and Tony G (433,000) in the top 10. The entire list can be found here.

Limit Shootout Final Table

Unfortunately, Tom Schneider won’t be there, but there will be three WSOP bracelet winners at the final table of the $1,500 Limit Holdem Shootout, each starting with 450,000 chips when play resumes at 2pm:

Seat 1: David Williams
Seat 2: Flaminio Malaguti
Seat 3: Greg ‘FBT’ Mueller
Seat 4: Joep Van Den Bijgaart
Seat 5: Jose Barbero
Seat 6: Marc Naalden
Seat 7: Matthew Sterling
Seat 8: Millie Shiu

Bonita Benefits with Donkament Lead

Christopher Bonita (131,700) will start day 2 of the $1,500 NL Holdem event when play resumes at 2pm. Other notables include: Cody Slaubaugh (125,900), Jason Potter (100,100), Amnon Filippi (77,700), Men Nguyen (71,200) and Joe Reitman (41,200).

Sunday’s Tournaments

The noon tournament is the debut of the $3,000 NL Holdem Triple Chance event. With no rebuy tournaments this year, the twist is that players start with 3,000 in tournament chips. They’re also given two “add-on” chips, each good for an additional 3,000 in chips. These can be used any time within the first three levels and any players who still have the chips will have it added to their stack at the end of level three. The WSOP Staff Guide projects a field of 700 for this event. The 5pm tournament today is the $1,500 Seven Card Stud 8 or Better event, which was won last year by Ryan Hughes for over $180,000 in a field of 543. The WSOP Staff Guide projects a field of 598.

More stuff during the day from Pokerati and over at www.wsop.com

Cantu v Watkinson Heads-Up

Brandon Cantu and Lee Watkinson are the last two standing in the $1,500 Pot-Limit Omaha 8 or Better event, each going for their second career bracelet. At the moment, Watkinson holds a 2-1 chip lead over Cantu.

Habib Handling HORSE Headline

Hasan Habib remains the chip leader (453,000) with 77 players remaining in the $50,000 HORSE event as they return from a dinner break with three more levels remaining in today’s play. David Bach (426,000) and John Kabbaj (340,000) are the top 3 in chips at the moment. Among the eliminations today, Justin Bonomo, John Juanda, Eli Elezra and Jennifer Harman. More updates can be found over at www.wsop.com

Limit Holdem Shootout

The field of 64 that started round 2 of the $1,500 Limit Holdem Shootout on Saturday is down to 38 players spread over eight tables. Among the remaining players, David Williams, Tom Schneider, Humberto Brenes, Marc Naalden, and Jean-Robert Bellande.

More Donkament Carnage

A sold-out field of 2781 in the next to last $1,500 NL Holdem event is down to about 975 players as they return from dinner break. The unofficial chip leader is Thomas “titantom32″ Braband at 78,000 with another 4 levels before play ends for the day.

More updates available at www.wsop.com and Pokerati for other stuff during the evening.

But before you start thinking Pauly is smart, consider his thoughts on the connection between the Mark Sanford affair and Michael Jackson’s death … which is the model he uses to surmise that the God Save the Queen anthem fiasco might actually just have been a cover to distract from the real stories about the significance of losing a third of the starting field size in an event that’s supposed to be one of the biggest deals of the year in all of poker.

presented by:

Tao of Pokerati at the 40th WSOP
Las Vegas, NV

Episode 11.24: Running Numbers
3:30

Episode 11.25: Tinfoil HORSE
3:52

Habib Holds High HORSE Hierarchy

Day 1 of the $50,000 HORSE has 91 of the 95 original entrants remaining, with Hasan Habib holding the chip lead. The list of notables with chips is too many to mention, but you can see who else is remaining by checking out this link. Day 2 will begin around 2pm4pm with another sixfive levels of play scheduled.

Cantu Leads PLO 8 Final Table

The final table of the $1,500 Pot-Limit Omaha 8 or Better has been established and Brandon Cantu has maintained his lead, with the final table seated as follows when play resumes at 2pm:

Seat 1: Lee Watkinson – 412000
Seat 2: Steve Jelinek – 260000
Seat 3: William McMahan – 168000
Seat 4: Brandon Cantu – 1025000
Seat 5: Ted Weinstock – 250000
Seat 6: Aaron Sias – 353000
Seat 7: Jacqmin Mathieu – 552000
Seat 8: Ronnie Hofman – 76000
Seat 9: Tommy Vedes – 334000

Day 2 of Limit Holdem Shootout

64 players remain from the starting field of 571 in the $1,500 Limit Holdem Shootout. Among the first round winners: Jean-Robert Bellande, Nick Binger, Humberto Brenes, Dan Heimiller, Juha Helppi, Greg Mueller, Marc Naalden, Brock Parker, Tom Schneider, David Williams and Todd Witteles. Eight eight-handed tables will play down to a winner starting around 2pm Saturday, with the eight winners returning Sunday.

Saturday’s Donkament

The only tournament starting today is the penultimate $1,500 NL Donkament, starting at noon today with a projected field size of 2,800 taking the felt, which will surely delay the other three tournaments that are scheduled to start later this afternoon. Last year’s version of this event was won by David Daneshgar in a field of 2,693, taking down over $625,000.

Change100 compiled a list of last year’s players who are not playing in the 2009 50K Horse event. That included… second place finisher Michael DeMichele, Phil Hellmuth, Lyle Berman (who final tabled the event last year), durrrr, Dario Minieri, DonkeyBomber, The Grinder, Brandon Adams, Kirill Gerasimov, Amnon Filippi, David Williams, Isabelle Mercier, Ted Forrest, Billy “The Croc” Argyros, Allen Cunningham, Marcel Luske, and Robert Williamson III.

Vallo Valuable in $50k HORSE

As the players return from the dinner break, Martin Vallo is the unofficial chip leader (245,000) in the $50k HORSE event with all 95 players who registered remaining. The players are now on level four, with three more levels of play scheduled before play ends for the day. Among the early leaders, Daniel Negreanu (200,000), Jeff Lisandro, (188,000), Patrik Antonius (175,000) and Todd Brunson (168,000).

Letting Ylon’s Be Bygones

Ylon Schwartz is the current chip leader (2,000,000) with three players remaining in the $2,500 Mixed Holdem event as they return from their dinner break. John McGuiness (1,200,000) and Bahador Ahmadi (750,000) round out the field. Barry Greenstein finished in 5th before heading off to join the $50k HORSE field.

Cantu Crushing PLO8

With 36 players remaining in the $1,500 Pot-Limit Omaha 8 or Better event, Brandon Cantu (525,000) is the dominant chip leader, with Tommy Vedes (225,000) a distant second. Other notables remaining: Lee Watkinson (70,000), Noah Boeken (62,000), Phil Hellmuth (58,000), and Randy Holland (46,000).

Limited Field in Limit Holdem Shootout

The late afternoon tournament, $1,500 Limit Holdem Shootout drew a field of nearly 600, seated at 64 tables. The round one winners play at eight eight-handed tables, and those winners will return on Sunday to determine the winner. No table winners have been determined yet, but expect some notable winners included in the morning update.

Catch up with all the updates over at www.wsop.com and more stuff from Team Pokerati during the evening.

Had there not been a delayed start, the number mighta been closer to 50.

All this on a Day when the WSOP decided to take a risk and play the Sex Pistols version of God Save the Queen in lieu of the British national anthem, which some thought was great, others thought was terrible, and in the end had @WSOPsuits apologizing. (All I can say is yikes, rough day, know how that goes …)

I suspect there’ll be a lot of buzz and analysis over the HORSE field for a some time to come … after all, though not the first event with a decline in entry numbers, it is the most noticeable … resulting in a $2million drop in prize pool and a six-figure hit in the take for WSOP tourney staff.

Hey, bottom line, $50k is harder to come by these days — way more harder than in 2008, and presumably even harder than in early June 2009. But is it the money, or is it the lack of ESPN coverage?

NOTE: More than 25 percent of $50k HORSE players are members of Team Full Tilt. That doesn’t mean FTP ponied up their buy-ins (directly) … but it does say something. Particularly since many of these players were some of the last to buy in, after the entry period would have ended were it not for the cards-in-the-air delay.

Bailout?

presented by:

Tao of Pokerati at the 40th WSOP
Las Vegas, NV

Episode 11.21: HORSE Hunting
4:09

Episode 11.22: The Satellite Economy
5:06