The 500-meter race in men's speed skating at the 1928 Winter Olympics took place on February 13, 1928. The Finn Clas Thunberg and the Norwegian Bernt Evensen both ran Olympic best times with 43.3 seconds and both received the gold medal. Because of this, no silver medal was awarded. The US-American John Farrell , Roald Larsen from Norway and Jaakko Friman from Finland all ran the same time and were therefore all awarded a bronze medal.