The winner of Event #46, the $1,000 buy-in Seven-Card Stud High-Low championship was 47-year-old poker player and author Tom Schneider, from Scottsdale, AZ. This was his second victory at the World Series of Poker, and second gold bracelet won this year. He previously prevailed in the mixed-game event (Omaha High-Low and Seven-Card Stud).

Schneider's victory means that the WSOP will have crowned a double-gold bracelet winner in each of the last four years. Despite the huge tournament fields, at least one player at each World Series in recent years was able to break through the ranks. Duel-winners in recent years include Scott Fischman (2004), Mark Seif (2005), Bill Chen and Jeff Madsen (2006), and now Tom Schneider in 2007.

Schneider not only wrote a poker book called "Oops, I won Too Much Money!" he also hosts a regular radio show on poker. Remarkably, Schneider has cashed three times at this year's WSOP. All three were final table appearances and two were outright victories.

The runner up in this event was Hoyt Verner, from Melbourne Beach, FL. Verner made it to the final table of this event last year, as well.

1998 world poker champion Scotty "the Prince" Nguyen finished in fourth place. This was his second final table appearance this year. He took second in the previous Seven-Card Stud (Eight-or-Better) event.

Other former WSOP gold bracelet winners who cashed in this event include – Doug Saab (13), Frank Henderson (14), O'Neil Longson (19), Dan Heimiller (29), and Jeffrey Lisandro (62).

Final results:
1. Tom Schneider, Scottsdale, AZ, $147,713
2. Hoyt Verner, Melbourne Beach, FL, $82,064
3. Miguel De La Cruz, Miami, FL, $51,670
4. Scotty Nguyen, Las Vegas, NV, $31,610
5. Saundra Taylor, Washington DC, $24,619
6. Hieu "Tony" Ma, S. El Monte, CA, $19,270
7. Tommy Hang, Lynnwood, WA, $14,711
8. Woody Deck, Vilnius, Lithuania, $11,063
9. Mark Smyrski, Seminole, FL, $7,538