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Day 1B of the World Series of Poker Europe (WSOP-E) Championship Event is in the books in Cannes, France, with 205 players paying the €10,450 to get in on the action on Sunday. 115 of them survived to play in today’s Day 2 and will combine with the exact same number of players from Day 1A to form a single field. Bertrand “ElkY” Grospellier emerged as Day 1B’s chip leader with 190,400, though that is good for just second overall, as Day 1A’s leader, Michael “The Grinder” Mizrachi is tops overall with 234,850.

The 205 entrants on Sunday brought the overall total to 420, creating a prize pool of €4,032,000. The eventual winner will cash out for over €1,000,000 with a total of 48 players making the money. Here’s a look at the entire prize breakdown:

1. €1,022,376
2. €632,592
3. €423,360
4. €292,320
5. €207,648
6. €149,184
7. €108,864
8. €84,672
9-10. €66,528
11-12. €52,416
13-14. €40,320
15-16. €32,256
17-24. €26,611
25-32. €22,982
33-40. €21,250
41-48. €20,150

The upper rungs of the Day 1B leaderboard are populated with well-known names. Daniel Negreanu used a flush to eliminate Brandon Adams and his set of eights and double his chip stack during the second half of the day, the push he needed to eventually end up in 4th with the day was out. Phil Hellmuth is not far behind in 6th place, Chino Rheem finished the second starting flight in 8th place, and Eugene Katchalov bagged the 10th most chips at the end of the night. Liv Boeree and Sam Trickett are also threatening the leaders.

Grospellier’s game-changing hand came about halfway through the day. After both putting in 3,500 pre-flop, Grospellier and Qiang Wang saw a flop of 7♣-9-2♣. Wang bet 4,500, Grospellier called, and the 5 was dealt on the turn. Wang bet 14,000 this time and Grospellier called once again. On the river 2♠, Grospellier took the initiative and bet 17,775. Wang called, but never showed his hand, as he mucked after seeing Grospellier’s K♣-K.

“ElkY” has already had a successful 2012, earning over $1.4 million from live tournaments. The highlights of his year came back in April when he won the €10,000 No Limit Hold’em – 8 Max Re-Entry event at the European Poker Tour (EPT) Berlin for €231,000 ($301,992) and placed 3rd in the €98,500 No Limit Hold’em – 8 Max Super High Roller Reload event at the EPT Grand Final, which earned him €621,000 ($819,878).

The remaining 230 players are already back at it at the Majestic Barriere as they continue their march towards the money. All of the action can be followed via live stream at WSOP.com.

World Series of Poker Europe – Day 1B Chip Leaders

1.    Bertrand Grospellier – 190,400
2.    Roberto Romanello – 176,275
3.    Daniel Weinman – 169,000
4.    Daniel Negreanu – 137,500
5.    Timothy Adams – 134,475
6.    Phil Hellmuth – 116,150
7.    Vladislav Varlashin – 112,550
8.    Chino Rheem – 109,700
9.    Philippe Boucher – 107,800
10.    Eugene Katchalov – 103,500

World Series of Poker Europe – Overall Day 1A and 1B Chip Leaders

1.    Michael Mizrachi – 234,850
2.    Bertrand Grospellier – 190,400
3.    JC Alvarado – 180,675
4.    Roberto Romanello – 176,275
5.    Stephane Girault – 172,850
6.    Daniel Weinman – 169,000
7.    Sergii Baranov – 152,000
8.    Daniel Negreanu – 137,500
9.    Timothy Adams – 134,475
10.    Martial Blangenwitsch – 129,800

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