A legendary poker player who once turned $50 into $40 million over a three-year streak was arrested this week for allegedly marking cards at a casino in Lakeside, CA.
Archie Karas (real name: Anargyros Karabourniotis) was caught on a Barona Casino surveillance camera marking cards. Authorities say he cheated the casino of $8,000.
Karas was arrested at his Las Vegas home and is facing extradition to San Diego. Karas has been arrested four times for cheating at casinos in California by card-marking, card-switching, and pressing bets. This time, he's being charged with burglary, winning by fraudulent means and cheating.
Although authorities haven't specified how Karas marked the cards, a Las Vegas gaming knowhow told ABC that, "It's pretty much invisible to the naked eye except for those who have marked it and identified it... You can use a piece of sandpaper on your finger; you can use a tack glued to your finger; you can use the back of an earring."
Karas lost only one game from 1992 to 1995, winning around $40 million in a streak known as "The Run". But friends say that by 1996, he had lost most of his winnings (he apparently lost $20 million in 10 days playing Baccarat).