12th Annual World Series of Poker
No Limit Hold'em Main Event
$10,000 Buy-In
Sunday, May 10, 1981
Casino: Binion's Horseshoe
Players: 75
Prize Pool: $750,000
| Place | Player | From | Prize Money |
| 1st | Stu Ungar | $375,000 | |
| 2nd | Perry Green | Anchorage, AK, USA | $150,000 |
| 3rd | Gene Fisher | El Paso, TX, USA | $75,000 |
| 4th | Ken Smith | $37,500 | |
| 5th | Bill Smith | $37,500 | |
| 6th | Jay Heimowitz | Bethel, NY, USA | $30,000 |
| 7th | Bobby Baldwin | $15,000 | |
| 8th | Andy Moore | $15,000 | |
| 9th | Sam Petrillo | $15,000 |
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