What I’ve been doing while waiting anxiously for Jeffrey Pollack’s next blog post:

Day 1a of the $1,500 almost sold out, as over 2,000 started play. The play was fast and furiousEarlier this evening there was about 400 spots left for Sunday’s day 1b field, giving the appearance that the overall field will top 4,000 (beating the WSOP prelim record by over 800). The tournament went on its dinner break after level 6 about an hour ago; tournament staff decided play will end with either 225 left or 4 more levels whichever comes first. Contrary to what happened yesterday, someone did receive a 1-orbit penalty for CALLING with the nuts (recall yesterday a player checked down a royal flush and only got a warning).

Day 2 of the $10k PL Holdem event is in the hand-for-hand stage as there’s 37 left, with 36 hitting the pay window. Patrik Antonius, Eli Elezra, Phil Laak, Mike Sexton, Mark Newhouse and Dustin Woolf are among those still in the field at the time of posting.

8:20 Edit: Scratch Newhouse from that list, he finishes in 30th.
More from the rest of the Pokerati staff later tonight…

Tom busted out on his first hand of today’s $1,500 NLH event. Here’s how it went down … Donkey Bomber shows up and is looking for his seat. A floor guy directs him to his table — only he sends him in the wrong direction, and when he finally makes it to his seat, turns out he was just a table away when he asked for directions. Oops.

So he arrives having missed the first hand … no biggie, right? Takes his seat and the first two cards he sees are both queens. So he raises … Bill Edler re-raises (to about 1,500 — virtual half-stacks) and Hevad Khan calls. So Tom concludes that there’s no way Hevad has aces or kings — he woulda just shoved — and Edler was just letting Tom know who’s gonna be boss at the table … so Tom goes all-in.

Edler calls (with pocket 5s) and Khan calls (with AK). Edler would end up flopping a 5, and Hevad also paired one of his big-boys … so just like that, Tom is out. But wait, there’s more …

A floor guy had come over to the table to let players know that some of them were in the wrong seats … including Edler and Khan. Hevad woulda had the pocket 5s, and Edler woulda been in the ded big-blind’s stack … something like that. But in general, everything woulda been different.

Kinda funny/ironic … especially since dealers are being extra-cautious about checking IDs.

LAS VEGAS–We all heard the sound and paused for a moment … yep, that had to be what it was. A floorman dropped a rack of chips, right near the rail where spectators were gathered. Tourney officials handled it well, backing up the crowds immediately and authoritatively to secure the area and pick up the little (but very important) round pieces of plastic. It appears they were all yellow 1,000 chips — the smallest value in play right now — so there was little panic. But inside, just for a moment, you could tell the floor briefly feared another chip scandal.

With that said, the current total chip count is off by 5,000, as one orange 5k chip was found on the floor toward the end of Day 2 b and removed from play.

LAS VEGAS–The $50k HORSE event finished up this morning … and FREDDIE DEEB is officially crowned the best all-around poker player in the world for the time being.

You can only presume HARRAH’S OFFICIALS are breathing a sigh of relief — after having pimped the tourney as the biggest deal, it makes a much better story to give the title to an immigrant who came to America to save his family from war and turned to poker as a way to make good while AMERICAN IMMIGRATION BUREAUCRACY futzed around with his ability to earn a living.

Had JOHN HANSEN won, the story would’ve been about a relatively unknown bad-ass from the NEW YORK hardcore poker underground. Less savory.

Speaking of LEGALLY QUESTIONABLE poker players, did you know drug kingpin JIMMY CHAGRA — released from prison earlier this year — played in the SENIORS EVENT?

He was on “Talkin’ Trash” with BRIAN WILSON just a couple days ago. [via Gary Wise on 2+2.]

JEFFREY POLLACK did a little semi-live blogging from the HORSE final table. Maddest props to the Commish — not only for letting us know what he heard from the poker-players town hall, but also for providing his first-ever outbound link. Puts him on a short-list of people who just-might qualify for Pokerati posting privileges some day. We’ll be watching as he continues to cut his Wicked blogging chops.

In the meantime, The Jeffster tells us:

1. There is insufficient play in the middle levels of limit games and too much in the beginning.

2. There are some instances where the color-up process isn’t being handled correctly.

3. The tent is not a comfortable place to play.

4. There needs to be more room between the spectators on the ropes and the players.

5. The next day’s breaking order should be posted when an event ends for the night.

6. We need to improve media access to final tables.

7. The sequestered tables are tough to cover for the media and follow for the fans.

8. Tournament clocks should be more visible.

9. The Amazon Room is too cold.

10. We should continue and better publicize escort service to the parking lot late at night.

Yesterday’s “other” bracelet went to a guy named SAIF AHMAD, who won the $2,000 Limit Hold’em event with relative ease.

View from the rooftop of Pokerati’s VEGAS EDGE bureau:

ERIC ROSENBERG poses an interesting question on his new-ish blog — about why official poker “stats” don’t subtract known tournament buy-ins from “winnings.” The WSOP, of course, has records of every bracelet-bound buy-in … so it could be done. Likewise, they bar-code initial seat cards, so it’s theoretically possible to provide PokerNews or whoever with the basic info on every single player whose chips they try to track.

Maybe next year?

Rosie has also spurred further conversation about BACKING-DEAL DISCLOSURE — specifically as it pertained to BILL CHEN’S WSOP-approved chip-dumping agreement. It’s not about gratuitous rabble-rousing so much as it is about decisions that will affect the future of poker, regardless of what they are.

So the $1,000 7-Stud Hi Lo continues today. Pokerati’s own TOM SCHNEIDER sits down with 4,300 chips. We’ll find out if North Texas pokerer DAMON RAMIREZ is still alive. And DOYLE BRUNSON takes his second stab at bracelet #11 with 10,700 chips. Pokerati fantasy man STEVE WONG also ain’t too far behind.

Follow the 7-Stud Hi Lo action today here.

Today’s other tournament action:

Day 1 of $2,000 No Limit Hold’em
Day 2 of the $5,000 World Championship of Short-handed No-Limit Holde’m.

And the final table for $2,000 Omaha Hi Lo gets underway, with at least one familiar professional face, who will see if he can hold on to the chip lead.

Seat 1- Martin Corpuz, Jr. 292,000
Seat 2- Ming Lee 373,000
Seat 3- Mitch Maples 70,000
Seat 4- Thang Luu 238,000
Seat 5- Jess Robinson 255,000
Seat 6- Frankie O’Dell 318,000
Seat 7- Marcel Luske 427,000
Seat 8- Marvin Ryan 104,000
Seat 9- Stuart Paterson 58,000

While most of you probably know the standard rule differentials between cash and tournament play, it is important to know they vary not only between locations but also within the same room. For example, in the Bellagio 2-5 NL game you are required to turn over your hand when heads up with an all-in player. However, in the 5-10 NL Bellagio game you do not have to expose your hand in this same scenario. Seem strange? According to the Bellagio poker-room floor people, “It’s because 5-10 is a higher limit. The higher the limit, you don’t have to show your hand.”

I don’t pretend to be a know it all, nor have I played one on TV. But there are times when I know that I am right. Like last Saturday night when playing in my favorite monthly (legal, non-raked) tournament in Southwest Houston. I picked up J-10 under the gun. Having an M of 6.5, I moved all in. It folded to the table captain small blind who called. Not feeling insecure about taking Dan Harrington’s suggestion, I flipped over my hand immediately to conserve time. The dealer proceeded to flop and turn before he heard my request to stop dealing so I could see the other player’s hand.

My opponent, angry he had to wait to see the river, said, “I don’t have to show my hand.” Wanting to help better the world, I explained it was a basic tournament rule that all-in players when heads-up had to show their hand. Not to mention I’ve played in this tournament for two years — I have always been asked to flip over my hand in this situation, but this “new” guy informed me the rule did not apply to this particular tournament. ??????

More…