David Einhorn, the hedge-fund manager and president of Greenlight Capital Inc. who finished 18th in the main event in 2006, was one of several notable players to exit the main event early this year. He entered the day with 94,400 chips, more than twice the average stack, but was still eliminated by the end of the day.
Jonathan Duhamel, the defending champion of the main event, was also eliminated.
Paul Pierce, the Boston Celtics All-Star, also lost all of his chips on day two, though he is known more for his basketball prowess than poker.
All told about 1,200 players failed to advance to Day 3.
However, More than 800 survived, among them such notable players as former champions Jamie Gold and Robert Varkonyi.
Former champion status doesn’t always cut it, though, as past champions who were eliminated included Johnny Chan, Scotty Nguyen, Dan Harrington and Duhamel, who won $8.9 million with his main-event victory last year.
The leader, with 478,600 in chips, is Aleksander Mozhnyakov of Russia.