The Greatest Gambling Streak Ever Known?

How did Archie Karas blow through $40 million after going on the biggest winning streak in Vegas history? Find out in this video!

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The Legend
Anyone heavy in the world of gambling knows the name Archie Karas. He’s one of the most prominent legends when it comes to huge gambling swings, and his track record has cemented him as a Las Vegas legend.

The Run
Karas went from having only 50 dollars in his pocket to $40 million dollars cash in roughly 2 and a half years. It’s known as one of gambling’s biggest winning streaks.

Growing up Greek
Archie was dealt a poor hand from the start. In 1950, he was born into an impoverished family on the Greek island of Cephalonia. His dad, Nickolas, barely made enough to support his family of six.

Leaving Greece
Archie also helped his dad in construction work, although he hated every moment of it. Especially the part where he had to touch cement which was, of course, most of the time.

Life in LA
Archie spent several years working as a waiter on ships and freighters for about $60 per month. He finally jumped ship in Portland, Oregon, and set out on his quest for the American Dream.

Vegas Poker
$50 wasn’t going to do much, at least not for a high roller like Archie. If he had any chance of winning big again, he needed a backer, someone to kickstart his gambling career.

Mr. X Billiards
His first stop was at the pool table, playing against a supposed poker legend that Archie has never revealed to this day. In interviews, he just called him Mr. X claiming he wanted to guard his reputation in the gambling world.

Poker Legends
Soon enough, someone stepped up – Stu Ungar, a World Series of Poker champion and a highly-regarded poker player. It turns out he wasn’t a match for Karas. The first round ended with Ungar losing $500,000 in a Razz game.

The Fall
In 1995, Karas seemingly lost his winning edge when his hunger for high-states games finally caught up with him. It all began in a single night when he lost $2 million at the dice table.

The Attempt
Since then, Archie had been attempting to replicate his glory, but every one of his strategies failed over and over again. He seemed interested in reviving his legacy through the World Series of Poker tournaments as he participated in several tournaments between 2004 and 2013.

Marking
In 2013 he became the talk of the town again. Only this time, it was for committing a mortal gambling sin. Karas was caught marking cards at a San Diego blackjack table, a damning allegation for someone of his caliber.