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We're approaching the money now.

Today has seen hours of fast paced action with players flying out the doors but as the bubble looms play seems to have slowed down significantly. There are only 63 places paid in this ANZPT Melbourne Main Event and everyone seems desperate 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 only one elimination away, but Mike Fraser had the one hand you can't throw in the muck.

He moved all in with [Ac][As] and was in great shape to double up after Michael Chrisanthopoulos called it off with [Ah][Qh]. The flop brought the [8d][Js][Td] and with it came imminent danger. Chrisanthopoulos had improved to a double-gutter, needing to find a king or nine to burst the bubble. The [6d] turn didn't help but the [Ks] 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 on the final hand of Day 2. That time it was Sean Lannon falling short after losing a flip with [As][Th] against the pocket deuces of an opponent in 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 looks 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 would be an amazing achievement.

Current chip leader and ANZPT Sydney Champ Jim Psaros

Also having a great 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 maintain one of the top spots. Unfortunately for the chip boss from Day 1A, Min Jae Park, the same can't be said. He found the exit during Level 12 and won't 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 will be this stop's bubble boy or girl? Stay with us as all the action unfolds to find out!

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