Archie Karas and his gambling career

Archie Karas says he has been a millionaire over 50 times and dead broke more times than he can count. From Greece, he immigrated to the United States. In a Los Angeles restaurant, He ended up as a waiter.

His career move in high stakes gambling would earn him tens of millions of dollars and a reputation as arguably the greatest gambler of all time.

For an incredible stretch of gambling from December 1992 to the beginning of 1995, this stretch made Karas most famous. He turned $50 into over $40 million in a series of high stakes games, in that stretch, known as “The Run”. At that point of time online casinos games had no or little importance, they didn’t have any onine casino nz free spins.

In December of 1992, The Run began and Karas lost nearly $2 million in high-stakes card games in Los Angeles.

At the Mirage, Karas began by playing a $100 to $400 Razz game. He subsequently turned $10,000 of a fellow gambler into $30,000. To his backer, He returned half of the profits.

Karas played with a wealthy hotel executive in a pool match and Karas came off as a big winner as they played for around $10,000 per match and Karas ended up winning between $1 and $2 million.

He played against the greatest poker players in the world, such as Stu Ungar, Doyle Brunson, Johnny Chan, David “Chip” Reese and Puggy Pearson.

Karas rolled to winning sessions of $1.6 million, $900,000, $800,000, $1.3 million and $4 million. In Binnion’s Casino at point he had all the $5,000 chips.

Karas had earned over $40 million by 1995. His luck unfortunately ran out and he lost it all in a period of three weeks.

The players should maintain his bets for the field and must not miss anything. The dealer’s job is making sure players are betting constantly so players will bet for the results too. Always remember to never double the bets for the goal of winning.

Karas sums up his outlook on life with the following quote: “You’ve got to understand something. Money means nothing to me. I don’t value it. I’ve had all the material things I could ever want, everything. The things I want money can’t buy: health, freedom, love, happiness. I don’t care about money, so I have no fear. I don’t care if I lose it.”

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