Archie Karas, whose real name is Anargyros Karabourniotis, is the man who managed to turn $50 into $40 million in the duration of three years. He has lost only game from 1992 to 1995, accumulating around $40 million in a winning streak known as ‘The Run'. In addition, he borrowed $10,000, only to turn it into $17 million.
After a violent fight with his father, Karas, then 15, hopped onto an international ship and sailed away as a waiter until he reached America. That was when he took up pool, and eventually poker. Karas is best known for his ability and luck to win enormous sums of money, only to lose them all almost immediately. Regardless of the amount of fortune he managed to amass, Karas has always managed to lose them all.
“You’ve got to understand something. Money means nothing to me. I don’t value it. I’ve had all the material things I could ever want. Everything. The things I want money can’t buy: health, freedom, love, happiness. I don’t care about money, so I have no fear. I don’t care if I lose it.”
After a winning streak, Karas finally came face to face with the ‘Crash’. He first loses $20 million playing dice, and later on loses another $17 million playing Baccarat. In 1995, Karas has lost all his money in mere 3 weeks.
“One day I might be driving a Mercedes, and the next day I might be sleeping in it!”