In December 1992, after losing his entire bankroll, Karas drove to Vegas with his car and $50 in his wallet. I don't care about money, so I have no fear. The things I want, money can't buy: health, freedom, love, happiness. I've had all the material things I could ever want. The next three years would go down in legend as the greatest run in casino gambling history.
Instead of reevaluating his situation and slowing down, he decided to go to Las Vegas in search of bigger games. In December 1992, Karas had lost all but $50 playing high-stakes poker. Professional poker players such as Chip Reese and Doyle Brunson, had played and considered Karas a weaker poker player, often giving Karas handicaps to play.
Later, he became an astute poker player, building his bankroll to over $2,000,000. Karas claims to have gone from being broke to a millionaire and back several times. When his victims from the pool hall thinned out, he switched to playing poker in Los Angeles card rooms. He honed his pool skills and eventually made more money playing pool than he did as a waiter. He later moved to Los Angeles and worked in a restaurant that was next to a pool hall. Karas worked as a waiter on a ship, making $60 a month until the ship arrived at Portland, Oregon. Karas ran away from home at the age of 15 after, in a rage, his father threw a shovel at him, barely missing his head. His father, Nickolas, was a construction worker who struggled financially. He grew up in poverty and had to shoot marbles as a teenager to avoid going hungry. Karas was born on Novemin Antypata on the island of Cephalonia, Greece. Karas himself claims to have gambled with more money in casinos than anyone else in history and has often been compared to Nick the Greek, another high-stakes gambler of Greek origin. Greek-American gambler, high roller, poker player, and pool shark Archie KarasĪnargyros Nicholas Karabourniotis ( Greek: Ανάργυρος Καραβουρνιώτης, born November 1, 1950), commonly known as Archie Karas, is a Greek-American gambler, high roller, poker player, and pool shark famous for the largest and longest documented winning streak in casino gambling history, simply known as The Run, when he drove to Las Vegas with $50 in December 1992 and then turned a $10,000 loan into more than $40 million by the beginning of 1995, only to lose it all later that year.
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