Not that I'm the resident Main Event expert here, (ahem, TP), but I'd be willing to bet that everyone who's still alive believes he or she has a shot at winning the whole thing, big chip stack or not. And while $500,000 is nice, you don't play in the ME for a shot at half a mil. You play for the whole thing. For the people willing to invest either their money, time or both to play in this (and knowing they're already good for 50K if they bust now), I'd have to think they'd gladly risk that extra 450K for a shot at the riches.
Now, if this were a tournament where only the top 20 or so places cashed, then ... maybe that's another story.
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"I need to catch a couple of killer, monster hands and have two or three callers."
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