1978 World Series of Poker

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The 1978 World Series of Poker (WSOP) was a series of poker tournaments held in May 1978 at Binion's Horseshoe. [1] and was the first WSOP that was not a winner-take-all prize. Instead the tournament had a progressive prize structure, as follows 50 percent for the Winner then 20 for second, 15 for third, 10 for fourth, and 5 percent for fifth place.[2]

Preliminary events[edit]

Event Winner Prize Runner-up
$10,000 Deuce to Seven Draw Billy Baxter $90,000 Unknown
$1,000 Seven Card Razz Gary Berland $19,200 Unknown
$500 Seven Card Stud Gary Berland $17,100 Unknown
$5,000 Seven Card Stud Doyle Brunson $68,000 Unknown
$1,000 No Limit Hold'em Aubrey Day $42,600 Unknown
$200 Ladies' Seven Card Stud Terry King $10,080 Unknown
$5,000 Draw High Lakewood Louie $21,000 Unknown
$1,500 No Limit Hold'em Hans "Tuna" Lund $46,800 Unknown
$1,000 Seven Card Stud Split David "Chip" Reese $22,200 Unknown
$1,000 Ace to Five Draw Henry Young $19,200 Gary Berland

Main Event[edit]

There were 42 entrants to the main event. Each paid $10,000 to enter the tournament. The 1978 Main Event was the first of its kind to pay prize money to any players other than the winner.

Final table[edit]

Place Name Prize
1st Bobby Baldwin $210,000
2nd Crandell Addington $84,000
3rd Louis Hunsucker $63,000
4th Buck Buchanan $42,000
5th Jesse Alto $21,000
6th Ken Smith None

Performance of past champions[edit]

Other notable players[edit]