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GREEK NEWS

Archie Karas: The Greek Gambler Who Won $40M and Lost it All

Archie Karas gambling“The Greek”, gambler Archie Karas. Credit: Soft White Underbelly/Youtube

One day Archie Karas went to Las Vegas with 50 dollars in his pocket; that turned out to be the foundation of building a spectacular career in gambling, in which he won $40 million — and lost it all.

Along with the 50 dollars, the Greek American gambler – nicknamed later “The Greek” – carried with him a load of confidence, springing from a natural boldness — and sheer blind ambition that sent him to the top.

Then, in one day, just as he had skyrocketed to the very top, he fell equally spectacularly, like a bright, falling star.

Yet, his legend still lives. Up there on the pantheon of Greek gamblers like Nick the Greek, or John Taramas.

Gambling as a boy

Before he became “Archie Karas,” he was Anargyros Karavourniotis, born on November 1, 1950 on the island of Cephalonia, Greece.

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