Q: Which player went on to win the WSOP with just one chip?

A: Jack "Treetop" Straus (1930 - 1988)
Straus won the 1982 World Series of Poker main event, earning $520,000 and his second WSOP bracelet.
Most remarkable about Straus' 1982 win was that he came back from having just one $500 chip left at one point, which lead to the common saying among poker players, "A Chip and a Chair."
Although accounts vary, the most common story is that he pushed all his chips into the pot, was called, and lost the hand. Getting up he discovered he had one chip left over under a napkin on the table. Presumably because he didn't declare himself, "All-in," the tournament directors allowed him to continue playing. Modern lore says that this feat occurred at the final table, but the 1983 book The Biggest Game in Town, reports that this occurred on the first day.
Labels: Chip and a Chair, Jack Strauss, poker trivia, World Series of Poker