Poker Omnibus W50P

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1988 World Series of Poker

1988 WSOP Overview
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The 1988 World Series of Poker started on May 5. The Main Event was scheduled to run for four days starting on May 16, the 12th event of the festival, the same number as 1987.

WSOP Schedule
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15/5$1,500Limit Hold 'Em
25/6$1,500No-Limit Hold 'Em
35/7$2,500Pot-Limit Omaha
45/8$5,000Seven-Card Stud
55/9$1,000Limit Omaha
65/10$1,500Seven-Card Stud Split
75/11$500Women's Seven-Card Stud
85/12$1,500Seven-Card Stud
95/13$5,000No-Limit Deuce-to-Seven Draw
105/14$1,500Limit Ace-to-Five Draw
115/15$1,000Seven-Card Razz
125/16$10,000Main Event - No-Limit Hold 'Em

Except for the Main Event, the exact dates and order of events are unknown.

Main Event Final Hand
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After Erik Seidel limps, Johnny Chan, who has a 4-to-1 chip lead, checks his option and watches a beautiful flop deliver him the nut straight. Instead of checking, he makes a small bet, only to have Seidel raise him with top pair. Both players check the turn, and when Chan checks the river, Seidel moves all in, only to have Chan instacall him with the nuts.

Chan wins $700,000 and the third of his ten bracelets, becoming the last player to win back-to-back Main Events.

Seidel wins $280,000 for his first tournament cash. His first bracelet will come four years later in a 1992 $2,500 Limit Hold 'Em event, and he will return to the Main Event final table in 1999, finishing fourth.

Johnny Chan
Erik Seidel

Main Event Summary
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DatesMay 16 to May 19
Players167 (36 cashed)
WinnerJohnny Chan ($700,000, U.S.)
Runner-UpErik Seidel ($280,000)
Final Table Bubble BoyQuinton Nixon (7th, $42,000)
Money Bubble Boyunknown (37th)
Last Champ StandingJohnny Chan (1st, $70,000)
Last Woman StandingBetty Carey (did not cash)
Last Celebrity Standingunknown (did not cash)
In 50 CharactersChan is last player to win back-to-back titles.

WSOP Wrapup
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Johnny Chan captured his second consecutive Main Event.

Johnny Moss won his ninth and final bracelet in the $1,500 Limit Ace-to-Five Draw and became the oldest bracelet winner ever, just ten days past his 81st birthday, a record that still stands.

Norway's Thor Hansen became the first foreigner to win a WSOP bracelet, taking home $158,000 by winning the 79-player $5,000 Seven-Card Stud.

Just a few days later, France's Gilbert Gross became the second foreigner to win a WSOP bracelet, capturing the $2,500 Pot-Limit Omaha for $181,000.

The $1,500 Limit Hold 'Em became the first WSOP event to reach 400 players, with Val Carpenter winning his only career bracelet in his only final table.

WSOP Results
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#BuyinEventWinnerPrizeEntriesHendon Link
1$1,500Limit Hold 'EmVal Carpenter$223,800400Hendon Link
2$1,500No-Limit Hold 'EmRuss Gibe$181,800330Hendon Link
3$2,500Pot-Limit OmahaGilbert Gross$181,000181Hendon Link
4$5,000Seven-Card StudThor Hansen$158,00079Hendon Link
5$1,000Limit OmahaDavid Helms$91,200228Hendon Link
6$1,500Seven-Card Stud SplitLance Hilt$123,600206Hendon Link
7$500Women's Seven-Card StudLoretta Huber$17,00085Hendon Link
8$1,500Seven-Card StudMerrill Hunt$130,200217Hendon Link
9$5,000No-Limit Deuce-to-Seven DrawSeymour Leibowitz$157,50070Hendon Link
10$1,500Limit Ace-to-Five DrawJohnny Moss$116,400194Hendon Link
11$1,000Seven-Card RazzDon Williams$76,800192Hendon Link
12$10,000Main Event - No-Limit Hold 'EmJohnny Chan$700,000167Hendon Link

Further Reading
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External Links