Normally there are monitors telling you how many players are left and the average chip count, which is simply the number of chips in that were in play to start with divided by the number of players left.
Not sure if these big events have something more sophisticated or not. I know when they got to the bubble last year it took a hand or two for the news to reach the short stack (who had one chip left) that he made the money.
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If aces didn't get cracked they would be writing books about me!
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