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BankrollMob Poker News

sep
21

Legendary Gambler Banned From Las Vegas Casinos

Tags: Archie Karas, casino cheating, Las Vegas.
Posted on 21 September 2015 by "T".

Archie Karas, the man who turned $50 into $40 million at Las Vegas casinos in the early 90s, recently became the 33rd person to be written up in Nevada's "Black Book".

Karas, 64, has been cheating at card games since the 80s, and he has been arrested multiple times since he was caught cheating for the first time in 1988 at the Flamingo Reno for marking cards. As recently as last year, he was placed on a three-year probation for cheating at the Barona Casino in San Diego.

Aside from casino games, Karas played high stakes poker against legends such as Chip Reese, Johnny Moss, Stu Ungar and Doyle Brunson during his incredible winning streak in the early 90s. (He is rumoured to have lost the entire $40 million profit between 1995 and 1996). According to Hendon Mob, he has won $204k playing live tournament poker.


Source: Las Vegas Review-Journal

 


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6 comments for "Legendary Gambler Banned From Las Vegas Casinos"

 bowie198421/09/2015 12:45:22 GMT
Kek, so let me get this straight. He is cheating and loosing too?
This guy maybe not the sharpest tool in the shed but he probably did not loose those millions just made some nifty trick to hide it from the IRS.
The banning story is just a sideshow, he will find just as many underground card outlets as legal ones in Vegas.
 pochui21/09/2015 18:36:52 GMT
well as far as i understood he was winning while cheating, then he got a ban from several places and grew colossal ego due to massive wins... he woke up one morning and decided that he is an unbeatable dude at any casino table with or without cheating... and then he flushed his winnings down the drain.
 crash5821/09/2015 21:02:27 GMT
In the early 90's he turned $50.00 into $40 Million, by cheating. Hmmm
But they did nothing, even though they knew he was cheating. Hmmm
Some casino's spend more then that in advertising and compting players each year. Hmmm
Sounds like they used this as an advertising play to get players to come to vegas. Hmmm.
Now that he's 64 and broke(almost) they have no use for him anymore, so they are baning him. Hmmm
???????? Another advertising play??? How much are they paying him to stay away?????
 bowie198422/09/2015 12:49:36 GMT
Posted by crash58:
Some casino's spend more then that in advertising and compting players each year. Hmmm
Sounds like they used this as an advertising play to get players to come to vegas. Hmmm.
Now that he's 64 and broke(almost) they have no use for him anymore, so they are baning him. Hmmm
???????? Another advertising play??? How much are they paying him to stay away?????

Yeah, but having a black book in the first place is not that great of an advertisement either. I imagine not just the cheaters are noted in them but the consistent winners too.
 klash2322/09/2015 12:54:38 GMT
I am not really sure what to make of this guy,some say he was a great gambler while others accuse him of blatant cheating.If he has lost all of his $40 million winnings then I wouldn't describe him as a great gambler and some would say not to invest a portion of the 40 million is downright stupid.
If he does try his cheating at private Vegas games then lets hope he picks his victims carefully!!
 Heskor22/09/2015 17:55:30 GMT
Haha if you cheat you are supposed to make money and not lose and even if you are caught you should be able to get out as you would have won, sad but what can you do those of the stories that goes with poker and all, and sad for him, anyway peace out mate , im out going to do research on my bets as mentioned on my previous post and wake up with a lot of winners and a big juicy one, cheers peace out guys have fun!

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