Archie Karas Net Worth (Updated 2026).

Archie Karas, born Anargyros Karabourniotis, began his gambling career in the most unlikely of places – a pool hall in Greece. Raised in the small town of Antikyra, Karas honed his skills at the local pool tables, eventually becoming a professional player. He moved to the United States in 1965, bringing with him his expertise and a dream of making it big in the world of gambling. Karas initially found success in pool, but it was his transition to poker that truly launched him into the limelight.

Archie Karas’s Net Worth in 2025

As of 2025, Archie Karas’s net worth is estimated to be around $50 million. This figure is based on the latest available information, taking into account his gambling winnings and losses over the years.

Archie Karas’s Career

Archie Karas, born Anargyros Nicholas Karabourniotis, is a Greek-American gambler, known for his high-stakes betting and his legendary run in Las Vegas. Karas started his gambling career in the late 1970s, initially working as a card sharp and then transitioning to poker and other casino games. His most notable streak, known as “The Run,” took place in the 1990s, during which he turned $50 into $40 million in just three years.

Other Ventures

In addition to his gambling career, Karas has also ventured into other businesses. He has been involved in the horse racing industry, owning and breeding horses. Karas has also made appearances in various poker shows and documentaries, leveraging his fame in the gambling world to explore other opportunities.

Assets

Archie Karas’s assets primarily consist of his real estate holdings and his gambling bankroll. He owns properties in California and Nevada, including a mansion in Las Vegas. His gambling bankroll, which he keeps in cash, is estimated to be around $10 million. Karas is known for his preference for high-stakes games, often playing for millions of dollars at a time.

Annual Income

Archie Karas’s annual income is largely dependent on his gambling winnings and losses. Due to the volatile nature of his profession, his income can vary significantly from year to year. In his peak years, Karas has earned tens of millions of dollars. However, he has also experienced significant losses, including a $17 million loss in a single poker game in 2013.

Frequently Asked Questions about  Archie Karas

1. What is Archie Karas’ net worth?

Archie Karas’ net worth is estimated to be around $50 million.

2. How did Archie Karas make his fortune?

Archie Karas, also known as “The Runaway Greek,” made his fortune through gambling. He is famous for his legendary gambling streak in the 1990s, during which he turned $50 into $40 million in less than three years.

3. What is Archie Karas’ biggest gambling win?

Archie Karas’ biggest gambling win was during his legendary streak in the 1990s. He won over $40 million in a span of just 3 years.

4. What is Archie Karas’ biggest gambling loss?

Archie Karas’ biggest gambling loss was also during his legendary streak. He lost $17 million in just three weeks in 1995, playing high-stakes poker and pool at the Binion’s Horseshoe in Las Vegas.

5. What is Archie Karas’ record for the longest winning streak in gambling history?

Archie Karas’ record for the longest winning streak in gambling history is 6 months and 18 days, during which he turned $50 into $40 million.

6. What is Archie Karas’ strategy for gambling?

Archie Karas’ strategy for gambling is not publicly known. However, he is known for his aggressive playing style and his ability to play multiple games at once.

7. What games does Archie Karas play?

Archie Karas is known to play poker, pool, and dice games. He is considered a professional in all these games.

8. Has Archie Karas ever written a book about his gambling experiences?

Yes, Archie Karas has written a book about his gambling experiences. The book is titled “The Runaway Greek: The Archie Karas Story” and was published in 2008.

9. What is Archie Karas’ advice for aspiring gamblers?

Archie Karas’ advice for aspiring gamblers is to have a solid understanding of the game, manage their bankroll effectively, and always maintain a calm and focused demeanor at the table.

10. Where does Archie Karas live now?

Archie Karas currently lives in Las Vegas, Nevada.