The 1978 World Series of Poker (WSOP) was held in May 1978 at Binion's Horseshoe. 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.
Read more about 1978 World Series Of Poker: Preliminary Events, Main Event
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