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Dave D'Alesandro holds chip lead after WSOP Main Event Day 3

Dave D'Alesandro leads the 2012 World Series of Poker Main Event as the prestigious tournament approaches its fourth day.

D'Alesandro made it through five levels of play on day 3 to bank 1.1m chips, ahead of Sean Rice, Jacob Balsiger and Leo Wolpert, all of whom have stacks over the 1m mark.

A total of 1,738 players started day 3 at the Rio All-Suite Hotel and Casino, and despite the many fallers some high-profile contenders remain in the mix, including Vanessa Selbst in 12th position.

The likes of Daniel Negreanu, Johnny Chan, Huck Seed and Liv Boeree will all return for day 4, although there were exits for Barry Greenstein, Eugene Katchalov, Peter Eastgate and defending champion Pius Heinz.

A total of 720 players remain in the hunt for a bracelet but the dreaded bubble is fast approaching.

Only the top 666 competitors will get paid, meaning around 50 hopefuls will be leaving empty handed.

The rest will receive at least a min-cash of $19,227, with the payouts rising to $8,527,982 for the winner.

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