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Where Is Archie Karas Now

2021年3月17日

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Leave it to Dolly Parton to always dress for the occasion. The country music legend — who famously donated $1 million to help fund Moderna’s COVID-19 vaccine — finally “got a dose of her. Anargyros Nicholas Karabourniotis commonly known as Archie Karas was born on 1 November 1950 in Antipata, Pylaros. Archie had a passion for gambling from a very young age, and he always wanted to be a professional gambler. Archie Karas is a Greek-American Gambler, high roller, and poker player. He is famous for the largest and longest documented winning streak in the casino gambling history. He drove to Las Vegas with $50 in December 1992, and then, converted it into more than $40 million by the beginning of 1995. The once-great Archie Karas is now just a regular gambler and the perfect example of a rags to riches story with some exciting and drastic twists. Categories People. If you can’t beat em. Categories Media. Post navigation. Flag as Inappropriate.
Archie Karas
IntroductionAnargyros Nicholas Karabourniotis commonly known as Archie Karas was born on 1 November 1950 in Antipata, Pylaros.Archie had a passion for gambling from a very young age, and he always wanted to be a professional gambler. He came from a poor immigrant family that had nothing, and therefore made sure he took steps that would change his future and take him away from a life of poverty.In 1965 Archie left Greece after a massive blowout with his father and worked as a waiter on a ship for two years before he jumped ship on a trip to Portland. He eventually found himself in L. A and started his gambling career in the bowling alley next door to where he worked.
His Gambling CareerIn 1990 he had accumulated in the region of $2 million and landed up losing all but $50 within two years. With this $50 he moved onto Vegas, and this is where “The Run” he is so well known for began. In Vegas, Archie met a friend who lent him $10,000 to get started. He hit the tables, and within a couple of hours, he had doubled the money at the Razz Tables. He now had his own money and went looking for lucrative pool games and came upon a game a local businessman was looking to start for a buy-in of $5000 for a game of 9 balls. During this extended game of pool, Archie won around $1.1 million.His winning streak continued, he played Stu Unger and won $1.2 million. Next in line was Chip Reese who lost $2 million to Archie. The following two in line were Doyle Brunson, and Johnny Moss both legends and even they could not put an end to Archie’s winning streak which saw him win a total of $17 million.
Conclusion
During Archie Karas’s career, he had won close to $40 million, and the only thing he ever bought with those huge winnings was a car and the rest went straight back to the casinos. He has however won six gold bracelets in the WSOP. The once-great Archie Karas is now just a regular gambler and the perfect example of a rags to riches story with some exciting and drastic twists.Archie KarasArchie KarasNickname(s)The GreekResidenceAntypata, CefaloniaWorld Series of PokerBracelet(s)NoneMoney finish(es)5Highest ITMMain Event finishNoneWorld Poker TourTitle(s)NoneFinal table(s)NoneMoney finish(es)None
Archie Karas (born Anargyros Karabourniotis[1] in 1950) is a Greek-American gambler, high roller, poker player, and pool shark famous for the largest and longest documented winning streak in gambling history simply known as The Run when he turned $50 in December 1992 into more than $40 million by the beginning of 1995, only to lose it all later that year. He is considered by many to be the greatest gambler of all time and has often been compared to Nick the Greek, another high stakes gambler.[2] Karas himself claims to have gambled with more money than anyone else in history.[3]Karas was arrested on September 24, 2013 after being caught marking cards at a San Diego casino’s blackjack table by the Barona Gaming Commission. He was arrested at his Las Vegas home and will be extradited to San Diego to face charges of burglary, winning by fraudulent means and cheating.[4]
*2Gambling careerEarly life
Karas was born in 1950 at Antypata on the island of Cefalonia, Greece. He grew up in poverty and had to shoot marbles as a teenager to avoid going hungry. His father, Nickolas, was a construction worker who struggled financially.[1]
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. He never saw his father again. Nickolas died four years later.
Karas worked as a waiter on a ship, making $60 a month until the ship arrived at Portland, Oregon. He then moved to Los Angeles, where he would gamble his bankroll up to $2,000,000 before losing it playing high stakes poker.[1][5]Gambling career
After arriving in America, he worked at a restaurant in Los Angeles which was next to a bowling alley and a pool hall. There he honed his pool skills and eventually made more money playing pool than he did as a waiter. When his victims from the pool hall thinned out, he went to Los Angeles card rooms to play poker. He quickly became an astute poker player, building his bankroll to over $2,000,000. In December 1992, he had lost all but $50 playing high stakes poker. Instead of reevaluating his situation and slowing down, he decided to go to Las Vegas in search of bigger games. He claims to have gone from broke to millionaire and back several times before he went to Las Vegas. What happened in the next three years would go down in legend as the greatest run in gambling history.[1]The Run
Karas drove to Vegas with $50 in his wallet. His initial run lasted for six months where he turned $50 into $17 million playing poker and pool. After arriving at the Binion’s Horseshoe, he started gambling and went on a hot streak. Karas recognized a fellow poker player from the Los Angeles scene and convinced him to loan him $10,000, which Archie quickly turned into $30,000 playing $200/$400 limitRazz. Karas returned $20,000 to his backer, who was more than content.
With a little over $10,000 in his pocket, Karas began looking for pool action. He found a wealthy and respected poker and pool player, Karas refused to reveal the name of his opponent for the sake of his opponent’s reputation; he simply referred to him as ’Mr. X’. They started playing pool at $10,000 a game. After Karas won several hundred thousand dollars, they raised the stakes to $40,000 a game. Many gamblers and professional poker players watched Archie play with stakes never seen before. Karas ended up winning $1,200,000. He then played Mr. X in poker and won an additional $3,000,000 from him. Karas was willing to gamble everything he made and continued to raise the stakes to a level few dared to play at.[6]
With a bankroll of $4 million, Karas gambled his bankroll up to $7 million after spending only three months in Vegas. By now many poker players had heard of Mr. X’s loss to Archie. Only the best players dared to challenge him. Karas sat at the Binion’s Horseshoe’s poker table with 5 of his 7 million dollars in front of him waiting for any players willing to play for such stakes.[7]
The first challenger was Stu Ungar, a three-time World Series of Poker champion widely regarded as the greatest Texas Hold’em and gin rummy player of all time. Stu was backed by Lyle Berman, another professional poker player and business executive who co-founded Grand Casinos. Karas first beat Stu for $500,000 playing heads-up Razz. Ungar then attempted to play him in 7-card stud, which cost him another $700,000. The next player was Chip Reese, widely regarded as the greatest cash game player. Reese claims that Karas beat him for more money than anyone else he ever played. After 25 games, Reese was down $2,022,000 playing $8,000/$16,000 limit. [3]
Karas continued to beat many top players, from Doyle Brunson to Puggy Pearson to Johnny Moss. Many top players would not play him simply because his stakes were too high. The only player to beat Karas during his run was Johnny Chan, who beat him for $900,000 after losing to Karas the first two games. By the end of his six-month-long winning streak, Karas had amassed more than $17 million.[8]
The poker action for Karas had mostly dried up due to his reputation and stakes. He turned to dice rolling for $100,000 on one roll.[2] He said that he could quickly win $3 million on dice, while it would take days to weeks with poker. He said that ’With each play I was making million-dollar decisions, I would have played even higher if they’d let me.’
Transporting money became a hassle for Karas as he was moving several millions of dollars in his car every day. He carried a gun with him at all times and would often have his brother and casino security guards escort him. At one point, Karas had won all of the Binion’s casino’s $5000 chips, which were the highest denomination of chips at the time.[9] By the end of his winning streak he had won a fortune of just over $40 million.[10]Downfall
By mid-1995, Karas lost all of his money in a period of three weeks. He lost $20 million playing dice and then lost the $2 million he won from Chip Reese back to him. Following these losses he switched to baccarat and lost another $17 million, for a total of $30 million. With $12 million left and needing a break from gambling, he returned to Greece. When he came back to Las Vegas, he went back to the Horseshoe shooting dice and playing baccarat at $300,000 per bet, and in less than a month, lost all but his last million.
With his last million, he went to the Bicycle Club and played Johnny Chan in a $1,000,000 freeze out event. This time, Chan was also backed by Lyle Berman and both took turns playing Karas. He preferred playing the both of them instead of just Chan, as he felt Chan was a tougher opponent. Karas won and doubled his money, only to lose it all at dice and baccarat, betting at the highest limits in just a few days.[11]Mini-streaks
Since he lost his $40 million, he has gone on a few smaller streaks. Less than a year later, he turned $40,000 into $1,000,000 at the Desert Inn. He then went back to the Horseshoe and won an additional $4 million before losing it all the next day.
A few years later, Karas went on another streak at the Gold Strike Casino, 32 miles outside Las Vegas. He went with $1,800 and lost $1,600 until he was down to just $200. Then after getting something to eat, he decided to gamble the rest of it. He shot dice and ran his $200 into $9,700 and then headed to Las Vegas. He stopped at Fitzgeralds Casino & Hotel and won another $36,000 betting $1,000 with $2,000 odds. He went back to Binion’s and won another $300,000 at the Horseshoe and by the third day, had won a total of $980,000 from that $200 start.[12]Personal life
Karas currently resides in Las Vegas. His family resides in Greece. His mother, Mariana, is 87. Pete, his older brother, is 63 and owns a restaurant/pub. His older sister, Helen, is a homemaker, and his youngest sister, Dionysia, 45, is a school teacher. Karas stays in touch with his family by phone, and tries to travel back to Greece at least once per year. He brought his mother to Las Vegas for six-month visits when he was on his winning streak.
Karas’s story was documented in Cigar Aficionado by American author Michael Konik[3] and also was featured in an E! documentary special along with Stu Ungar called THS Investigates: Vegas Winners & Losers.[13] Konik also wrote an article about Karas which was featured in a book about Las Vegas gamblers called The Man With the $100,000 Breasts.[2]
New York Post editor Linda Stasi was extremely critical of Karas, categorizing him as one of the ’Biggest Losers’.[5]
He was interviewed along with Tony G by Tiffany Michelle during the 2008 World Series of Poker.[14] He was also a featured player on ESPN’s coverage of the 2008 WSOP.[15]ReferencesExternal linksArchie Karas Net Worth
*Archie Karas on the Hendon MobWhere Is Archie Karas Now LiveHelp improve this articleCompiled by World Heritage Encyclopedia™ licensed under CC BY-SA 3.0 Help to improve this article, make contributions at the Citational Source, sourced from Wikipedia Where Is Archie Karas Now Made This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002. Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles. Archie Karas Net Worth By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
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7 Card Hi Lo

2021年3月17日

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*7 Card Stud Hi Lo 8 Or Better
*7 Card Hi-lo Strategy
*Hi-lo Exercise
7 card stud hi/lo is played exactly the same way as regular 7 card stud poker. The only difference is the pot gets split at the end of the poker round between the high hand and the low hand. This difference is pretty much the same as that described in Omaha hi/lo poker as well. Seven card stud hi/lo is also known as eights or better stud poker. Jun 22, 2016 When I was starting out in 1992, seven-card stud eight-or-better — a.k.a. Stud hi-low — was being touted as the game of the future, and it was spread in many poker rooms.
Each poker table shall be restricted to a maximum of eight players. Each player who plays in a round of play may be required to place an ante.
Starting with the first player to the left of the dealer and continuing in a clockwise rotation around the poker table, the dealer will deal two rounds of cards face down and one round of cards face-up to each player.
Once each player has received three cards, the first betting round shall begin by comparing the up-card of each player. The player with the lowest card will start the betting round. In the event that two or more up-cards are of the same rank, the up-cards shall then be ranked by suit, with the highest to lowest ranked suits in order as follows: Spades, Hearts, Diamonds and Clubs.7 Card Stud Hi Lo 8 Or Better
Following the bet placed by the player with the low card, each following player might, proceeding in a clockwise rotation may, fold, call or raise the bet. After the last player has responded to the most recent bet, the betting round is complete.
Upon completion of the first betting round, the dealer will bring the chips into the center of the table and burn the top card of the deck and place it under the pot. Starting with the first remaining player to the dealers left, deal a fourth card face up to each player remaining in the game. The Player with the highest-ranking poker hand showing will initiate the action by betting or checking. If the highest ranking poker hand showing is held by two or more players, the player closest to the left of the dealer shall be required to bet or check.
Following the initial bet or check, each subsequent player, proceeding in a clockwise rotation, may fold, call, raise or, if the preceding players have not made a bet, check. Each player may check until a bet has been made. Once a bet has been made, the next player in a clockwise rotation may fold, call or raise. After the last player has responded to the most recent bet, the betting round is complete.
The dealer shall then deal two additional rounds of cards face-up to each player remaining in the game, with each round followed by a betting round. Prior to each round of cards being dealt, the dealer shall burn the top card of the deck and place it under the pot.
If there are enough cards remaining in the deck/stub, give each remaining player a seventh and final card.
If there are not enough cards remaining in the deck to give each remaining player a seventh card, the dealer may shuffle the burn cards, burn a card, then deal a seventh card to each player. If there are not enough cards remaining including the burn cards to issue a seventh card, the top card of the deck shall be burned and a common card shall be dealt face up in the center of the table. If there is one or no card remaining in the deck when a common card is to be dealt, the dealer shall shuffle the burn cards, burn a card, and then deal the common card.
If more than one player remains after the final betting round, a showdown will be used to determine the winner of the pot. Each player remaining in the game shall form a five-card poker hand from the seven cards that they were dealt. The winner of the pot will be the player with the highest-ranking five-card high hand.7 Card Hi-lo StrategyHi-lo Exercise
For 7 Stud Hi-Lo, the pot will be split with half going to the highest hand and half to the lowest hand. The player must have at least 5 cards that rank 8 or lower that are not duplicated in order to qualify for a low hand. Straights and flushes do not disqualify as a low. The lowest ranking hand is a “Wheel”: ace, two, three, four and five.
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7 Card Hi Lo

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