Legendary High Roller Archie Karas Heads to Jail

Legendary High Roller Archie Karas Heads to Jail

29 Sep 2013 | 02:45 Author: Seth Shafer

Archie Karas is a Vegas legend for winning (and losing) millions but his current accommodations are a far cry from a high roller suite.

Karas is currently being held without bail at the Clark County Detention Center in Las Vegas as he awaits extradition, charged with cheating at a California casino by marking cards while playing blackjack.

The Barona casino in California is where the alleged incident took place, with the casino claiming that security footage clearly shows Karas -- whose real name is Anargyros Karabourniotis -- marking cards during sessions that saw him win more than $8,000. 

He could face up to three years in jail if convicted and it's not his first scrape with being accused of cheating by a casino; he's been arrested four times previously for similar instances and the Nevada Gaming Control Board has mentioned him as a "threat to the gaming industry" in the past.

Archie Karas has fallen on hard times in recent years but many still remember his amazing run in the early 1990s that saw him turn $50 that he started with in December 1992 into more than $40 million by early 1995. Dubbed "The Run", he initially won millions playing poker and pool but then switched to high stakes craps, betting $100,000 or more per roll.

His run finally came to an abrupt end, losing all his winnings in just a matter of months playing craps and baccarat. Karas would continue to find success in smaller spin-ups by turning a few thousand dollars into $1 million+ bankrolls but he'd continue to donate it back at the high-stakes baccarat and craps tables.

Karas proudly claims that no one in history has gambled more money in total than he has, a claim that is impossible to prove but very likely true given the huge sums of money he'd regularly wager for years. 

 

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