Layne Flack King of the Castle on Day 1
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That’s all folks! Day 1 of Event 38: $1,500 No-Limit Hold’em has come to a close, with Layne Flack emerging as the far and away chip leader.
No stack came even close to the huge 229,700 in chips that Flack managed to accumulate. Flack will start tomorrow with a good chance of making a run at posting another final table result after finishing 4th in Event #14: $1,500 No-Limit Hold'em Shootout.
It all started more than twelve hours ago when 2,534 players all had stars in their eyes and a dream in their heart. Those dreams were soon crushed for the majority though as only 277 were able to survive with a chance to chase the $607,200 first-place prize. Of the 277 returning players, 270 will go home with a min-cash, while seven will go home empty handed.
Some of the players who began the day, but were unable to survive include Jonathan Little, Randy Lew, Ben Yu, JJ Liu, George Lind, John Racener and Jonathan Duhamel. It was an unfortunate day for Lex Veldhuis as a brutal hand began his downfall to see him join those players on the rail.
Also finding the exit were the likes of Phil Hellmuth and Phil Ivey. The end of Hellmuth’s day saw him unable to compete with 
on a board that housed a queen on the river. Ivey was the victim of aces, with his 
running into the 
of Scott Vener.
Daniel Negreanu was another player who couldn’t make it through the night, with the turning point of his tournament perhaps coming when his pocket-sixes couldn’t hold against the eight-high of an all-in opponent.
Some of the players who managed to do what Ivey, Hellmuth and Negreanu could not were Dan Smith, Jim Collopy and Tommy Vedes. All of these players managed to accumulate very healthy chip stacks and will be ones to watch come tomorrow. Another one to watch will be Lauren Kling as she amassed a very impressive 123,300 in chips. Kling is chasing her first bracelet and will surely give it a fair crack, so watch this space.
The Day 2 action is set to begin at 1:00 PM tomorrow, so be sure to return as PokerNews will again be on the floor providing all the live coverage from Event 38 of the 2012 World Series of Poker.