Preliminary Events
| Event | Winner | Prize | Runner-up |
|---|---|---|---|
| $1,000 Limit Omaha | Jim Allen | $48,400 | Jack Keller |
| $2,500 Pot Limit Omaha with Rebuys | David Baxter | $127,000 | Eddie Schwettman |
| $1,500 No Limit Hold'em | Hamid Dastmalchi | $165,000 | Hans Lund |
| $500 Ladies' Seven Card Stud | Barbara Enright | $16,400 | Betty Carey |
| $5,000 Deuce to Seven Draw with Rebuys | Ron Graham | $142,000 | Aubrey Day |
| $1,500 Limit Hold'em | Jay Heimowitz | $175,800 | Frank Henderson |
| $1,000 Seven Card Razz | Tom McEvoy | $52,400 | Alma McClelland |
| $1,000 Ace to Five Draw | J. B. Randall | $69,200 | Clifford Roof |
| $1,000 Seven Card Stud Hi/Low Split | Tommy Fischer | $73,600 | Carl Lao |
| $5,000 No Limit Ace to 5 Draw with Joker & Rebuys | Mike Cox | $118,000 | Jack Keller |
| $1,500 Seven Card stud | Sam Mastrogiannis | $80,000 | Rick Greider |
Read more about this topic: 1986 World Series Of Poker
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—Paul Tillich (1886–1965)
“If I have renounced the search of truth, if I have come into the port of some pretending dogmatism, some new church, some Schelling or Cousin, I have died to all use of these new events that are born out of prolific time into multitude of life every hour. I am as bankrupt to whom brilliant opportunities offer in vain. He has just foreclosed his freedom, tied his hands, locked himself up and given the key to another to keep.”
—Ralph Waldo Emerson (1803–1882)