It took some wrangling, but they've finally decided on playing $400/$800 with a $1,000 button ante. They can raise the stakes at any point.

All are starting with $100,000.

The players are currently debating what stakes they want to play and where to set the buy-in since today they will all start with even stacks. David Oppenheim joked that they should start with $100k and play $1k/$2k, but he seems to actually be advocating for $400/$800.

David Benyamine would prefer $500/$1k since it's faster to make change and keep the game going. He also suggested a $150k starting stack. Mike Matusow said he wanted it to be $100k. "The bigger the buy-in, the smaller the game will play," Benyamine said. "I know," Matusow responded. "I want action."

We'll let you know what they decide.

Play should be underway shortly for the second day of the Million Dollar Cash Game. If yesterday's action was any indication, the money will be flying around the felt. There are already stacks of chips worth $100,000 in front of each seat, but that's only the minimum buy-in. Many players will start with more and others will find themselves reloading quickly. At $500/$1,000 with a $1,000 button ante, no limit hold'em gets expensive.

No word on the official line up yet, as players are still negotiating for their spots. Justin "Boosted J" Smith, David Benyamine, David Oppenheim, and Mike Matusow are in the vicinity and more players are on the way. The most compelling action yesterday came from three Asian businessmen who traveled from Macau to join the game in Melbourne. All three are currently still alive in Day 1c of the Main Event, so they won't be joining us just yet.