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]
Event
|
Winner
|
Prize
|
Runner-up
|
$10,000 Deuce to 7 Draw
|
Billy Baxter
|
$90,000
|
Unknown
|
$1,000 7 Card Razz
|
Gary Berland
|
$19,200
|
Unknown
|
$500 7 Card Stud
|
$17,100
|
Unknown
|
$5,000 7 Card Stud
|
Doyle Brunson
|
$68,000
|
Unknown
|
$1,000 No Limit Hold'em
|
Aubrey Day
|
$42,600
|
Unknown
|
$200 Ladies' 7 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
|
Jesse Jent
|
$1,000 7 Card Stud Split
|
David "Chip" Reese
|
$22,200
|
Unknown
|
$1,000 Ace to 5 Draw
|
Henry Young
|
$19,200
|
Gary Berland
|
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.
Other notable players
edit