July 15 (Bloomberg) -- Options trader Jeremy Wien and actor Jason Alexander were among those eliminated in the Day 3 of the World Series of Poker’s main event yesterday.
Wien, head of VIX options trading at Peak6 Capital Management LLC, and Alexander, best known for his role as George Costanza on the television show “Seinfeld,” were both eliminated as the tournament trimmed to 852 players from the original 6,685, according to its website.
The $10,000 buy-in tournament, officially known as the No-Limit Hold’em World Championship, is being held at the Rio All-Suite Hotel & Casino in Las Vegas. The tournament has a purse of over $64.5 million, with the top 693 finishing in the money and the winner earning $8.7 million.
“I kept waiting for a hand where I would have a chance to take a big chunk of chips, but it just didn’t happen this year,” Wien said in a telephone interview.
Playing in his fifth main event, Wien advanced to the third day for the third consecutive year. He lost roughly 85,000 in chips in a hand yesterday afternoon, and was eliminated following the dinner break, when he went all in and failed to pair his queen or jack with any of the five communal cards.
Wien said that he is “absolutely” expecting to compete for a sixth time in the main event next year.
“I’m 26, I’ve made Day 3 three years in a row, and I’ve cashed in the World Championship already, so I know there will be other opportunities,” Wien said. “Having said that, you are competing in a championship event that happens once a year so you always want to do as well as possible.”
Patrick Poirier of Tupper Lake, New York, who has won $6,707 in World Series of Poker prize money in his career, leads with 1,328,000 in chips. Dan Perper of Highland Park, Illinois, managing director of proprietary trading at Peak6, is tied for 663rd, with 109,000, according to the tournament website.
“It feels like I don’t have a lot, but looking back I am just happy that I was able to gain chips instead of losing chips,” Perper, 37, said in a telephone interview from Las Vegas. “Then I look at how many people are out and it’s cool to still be in.”
Perper, playing in his sixth live poker tournament and first World Series main event, said his work at Peak6 has helped him shrug off the pressure this week.
“It’s helped me prepare for the heat of it, and it’s helped me prepare for the analytical process of poker,” Perper said. “There are a lot of similarities between a multitable poker tournament and running an options business or trading options, because of the leverage and the importance of having chips.”
Former main-event champions eliminated in the Day 3 session were Huck Seed, Tom McEvoy and 2009 winner Joe Cada. Four former champions remain, including Robert Varkonyi and Phil Hellmuth. Professionals Ben Lamb, Daniel Negreanu and Todd Brunson, all previous winners of other World Series events, also are still alive.
The remaining competitors return to the tables today for the Day 4 session. The tournament is scheduled to play down to nine by July 19. Those players will compete at the final table on Nov. 7 to crown the champion.
To contact the reporter on this story: Eben Novy-Williams in New York at email@example.com
To contact the editor responsible for this story: Michael Sillup at firstname.lastname@example.org