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1978 World Series of Poker

The 1978 World Series of Poker (WSOP) was a series of poker tournaments held in May 1978 at Binion’s Horseshoe.
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.

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 Jesse Jent
$1,000 Seven Card Stud Split David “Chip” Reese $22,200 Unknown
$1,000 Ace to Five Draw Henry Young $19,200 Gary Berland

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