Qualifying took place in November 1986. The leading players started at the last-64 stage and had to win two matches to reach the last-16 televised stage in January. Only five of the leading 16 seeded players reached the last-16 including defending champion Jimmy White and Steve Davis[1]
Defending champion Jimmy White made it to the final again but lost to Steve Davis in another 13–12 result. Davis won the first prize of £50,000 while White took the runners-up prize of £30,000 and another £5,000 for the high break prize for his break of 126 in the semi-finals.[4]