Day 2 has started off horribly for Jonathan Karamalikis. He got all in preflop with Frank Saffioti. Karamalikis was in a dominating position, tabling against Saffioti's , but the board ran out to make a ten-high straight for Saffioti. He doubled to about 45,000. Karamalikis was left with only 5,200.
A few hands later, Karamalikis reraised all in over an open-raiser and a caller. Karamalikis held pocket eights and couldn't dodge the overcards he needed to. The other two players held and and both hit an ace on the turn to send Karamalikis to the rail.