| Competition: | 1987 World Series of Poker |
| Location: | Binion's Horseshoe, Las Vegas, Nevada |
| Dates: | May 1 – May 17 |
| Champion: |  Johnny Chan |
| Prev: | 1986 |
| Next: | 1988 |
The 1987 World Series of Poker (WSOP) was a series of poker tournaments held at Binion's Horseshoe.
| Event | Winner | Prize | Runner-up | |
|---|---|---|---|---|
| $1,000 Ace to Five Draw | Bob Addison | $96,400 | Don Williams | |
| $5,000 Deuce to Seven Draw with Rebuys | Billy Baxter | $153,000 | Joe Petro | |
| $1,000 Limit Omaha | T. J. Cloutier | $72,000 | Robert Turner | |
| $5,000 Seven Card Stud | Artie Cobb | $142,000 | Don Williams | |
| $1,000 Seven Card Stud | Jim Craig | $103,600 | Al Anderson | |
| $2,500 Pot Limit Omaha | Hal Kant | $174,000 | Lyle Berman | |
| $1,500 Limit Hold'em | Ralph Morton | $189,000 | ||
| $1,000 Seven Card Stud Split | Joe Petro | $93,200 | ||
| $5,000 Seven Card Razz | Carl Rouss | $65,200 | Mark Mitchell | |
| $500 Ladies' Seven Card Stud | Linda Ryke-Drucker | $16,800 | Barbara Putterman | |
| $1,500 No Limit Hold'em | Hilbert Shirey | $171,600 | Lee Wosk |
There were 152 entrants to the main event. Each paid $10,000 to enter the tournament, with the top 36 players finishing in the money. The 1987 Main Event was Johnny Chan's first of back-to-back World Championships.
| Place | Name | Prize | |
|---|---|---|---|
| 1st | Johnny Chan | $625,000 | |
| 2nd | Frank Henderson | $250,000 | |
| 3rd | Bob Ciaffone | $125,000 | |
| 4th | James Spain | $68,750 | |
| 5th | Howard Lederer | $56,250 | |
| 6th | Dan Harrington | $43,750 |
NB: This list is restricted to In The Money finishers with an existing Wikipedia entry.
| Place | Name | Prize | |
|---|---|---|---|
| 8th | Mickey Appleman | $25,000 | |
| 9th | Jack Keller | $18,750 | |
| 11th | Jay Heimowitz | $12,500 | |
| 12th | Hamid Dastmalchi | $12,500 | |
| 14th | Humberto Brenes | $12,500 | |
| 15th | Don Williams | $12,500 | |
| 16th | Rod Peate | $12,500 | |
| 17th | Walter "Puggy" Pearson | $12,500 | |
| 18th | Howard Andrew | $12,500 | |
| 21st | Bobby Baldwin | $10,000 | |
| 22nd | Mike Hart | $10,000 | |
| 23rd | John Bonetti | $10,000 | |
| 26th | Johnny Moss | $10,000 | |
| 32nd | Berry Johnston | $7,500 | |
| 34th | Artie Cobb | $7,500 | |
| 35th | Mori Eskandani | $7,500 |