20th Annual World Series of Poker
$1500 Razz
$1,500 Buy-In
Tuesday, May 2, 1989
Casino: Binion's Horseshoe
Players: 159
Prize Pool: $238,500
| Place | Player | From | Prize Money |
| 1st | John Laudon | $95,400 | |
| 2nd | Said Barjestch | $47,700 | |
| 3rd | "Oklahoma" Johnny Hale | Las Vegas, NV, USA | $23,850 |
| 4th | Mickey Sisskind | Detroit, MI, USA | $14,310 |
| 5th | Ken Selbie | $11,925 | |
| 6th | Max Stern | Las Vegas, NV, USA | $9,540 |
| 7th | Lou Axler | $7,155 | |
| 8th | Paul "Eskimo" Clark | New Orleans, LA, USA | $4,770 |
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