1978 World Series of Poker

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

Contents

Preliminary events

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

There were 42 entrants to the main event. Each paid $10,000 to enter the tournament. This was the first time that the main event paid a prize to any players other than the winner.

Final table

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

Fall of World Champions

Other notable players

Ken Smith, Gabe Kaplan and Barbara Freer (the first woman player).[2]

Notes

  1. ^ thehendonmob.com 9th World Series of Poker (WSOP) 1978
  2. ^ a b c gaming.unlv.edu - Summary of 1978 Tournament
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[1] Starting in 2011, a World Series of Poker bracelet was awarded to the WSOP Circuit National Champion.