We're approaching the money now.

Today has seen hours of fast moving action with players flying out the doors but because the bubble looms play seems to have bogged down significantly. There are just 63 places paid on this ANZPT Melbourne Main Event and everybody seems eager to lock up that $3,200.

Last season's ANZPT Melbourne bubble was a brutal affair. It's natural that players tighten up as a return on their dividends is just one elimination away, but Mike Fraser had the only hand you cannot throw within the muck.

He moved all in with A♣A♠ and was in great shape to double up after Michael Chrisanthopoulos called it off with A♥Q♥. The flop brought the 8♦J♠T♦ and with it came imminent danger. Chrisanthopoulos had improved to a double-gutter, needing to search out a king or nine to burst the bubble. The 6♦ turn didn't help however the K♠ river completed Broadway and saw Fraser bust with aces one shy of a payday.

Last year's bubble popper Michael Chrisanthopoulos

The last ANZPT event in Sydney, much as today likely will, saw the bubble pop at the final hand of Day 2. That point it was Sean Lannon falling short after losing a flip with A♠T♥ against the pocket deuces of an opponent within the big blind.

One player who looks in no danger of bubbling today is the winner of that very event, Jim Psaros. The Season 7 ANZPT Sydney champion started today with 57,800 in chips but has but has gone on a tear this afternoon. He now seems like our overwhelming chip leader with a whopping 340,800 in front of him. No player has even won two ANZPT Main Event titles so a back-to-back victory could be a fantastic achievement.

Current chip leader and ANZPT Sydney Champ Jim Psaros

Also having an excellent Day 2 is start-of-day chip leader Hyeong Wook Choi. He began the action with 131,100 in chips and has run it up even further to 295,000 now to keep up some of the top spots. Unfortunately for the chip boss from Day 1A, Min Jae Park, the similar cannot be said. He found the exit during Level 12 and will not be seeing a return on his investment.

We'll see who else falls short with only around 85 players remaining now and 63 spots paying. Who may be this stop's bubble child? Stick with us as all of the action unfolds to seek out out!

Read More... [Source: PokerStarsBlog.com :: Australia New Zealand Poker Tour]