After several rounds of losing and winning, Archie eventually lost the rest of the money and was even banned from all Nevada and Las Vegas casinos for life.Īrchie might have run out of his luck, but the stories about his winning streaks are here to stay.

He started running out of luck and dropped one-fourth of the money in craps in just 3 weeks, $17 million in a baccarat game and another $2 million at poker. However, this story did not finish with a happy ending. His winning streak astonishingly lasted for the next 3 years, during which he won $40 million. On July 1, the lucky player hit a 1.3 million jackpot, the casinos largest ever, while playing a progressive. He kept winning one game after another and at the end of the day, he already had $17 million in his pocket and paid back his $10,000 debt with a 50% interest within just 3 hours. Luckily, he ran into a friend in Binion’s Horseshoe casino and borrowed $10,000 to play high-stakes Razz. This, of course, did not stop him at all from gambling. In December 1992, Archie had just lost $2 million in an LA poker game and left to Las Vegas with only $50 in his hands. $40 million – Archie Karas ( ≈ €35.71 million*)Īrchie Karas, one of the finest high-stake gamblers in the world, is also famous for his $50 – $40 million legendary story.