Here are some amazing facts about the biggest gambling legends ever

Archie Karas

This is a very common name in the gambling legends circle. He started betting while working as a waiter in a restaurant that was situated next to a pool hall. He sharpened his skills over time and started winning big with money games. However, Karas was forced to transition to become a poker player when the number of opponents playing against him started to dwindle fast.

He is a man who has experienced both huge wins and massive losses earning him the title of one of the greatest gambler to have ever existed. Between 1992 and 1995, Archie went into the record for having successfully won $40 million after investing only $50.

This is considered to be one of the biggest and longest winning streaks any gambler has ever experienced. The last year, was, however, not as lucky because he lost a lot in 1995 recording a $2 million loss. This did not make him quit as he relocated to Vegas to experience yet another excellent run winning fortunes playing poker and pool beating some of the untouchables to make millions of dollars within a very short period. Archie even explored dice tables that gave him more winnings.

Edward Thorp

Many refer to Thorp as the godfather of card counting. He invented the system that helped him walk away with huge winnings from blackjack tables. The mathematics professor who also had a master’s degree in physics and a doctorate degree in mathematics clearly had a way with numbers.

After years of research trying to come up with the perfect winning strategies, Edward would walk away with about $70,000 on a typical weekend. He executed the card counting method flawlessly in a manner that no casino was able to match up. This was in the early 60’s when card counting had not yet become famous. Some casinos even had to ban him from playing because of winning too much.

Charles Wells

This is another name that comes up when people are discussing gambling legends. He wrote himself into history after visiting Monte Carlo in 1981. Here he invested £4000 on roulette and managed to turn this into one million francs.

This shocked casino operators and private detectives were even hired to find out the methods he was using. They were not very successful and a year later Wells made a further 1 million francs profit in only three days. He was very open challenging other players to watch him play but no one was able to make the winnings he amassed.

Tommy Glenn Carmichael

Carmichael is a legend who spent most of his time trying to create efficient devices to beat casino’s infamous edge. He mainly focused on slots bragging that he could beat any existing slot machine. He started gambling at the age of 30 frequently winning the larger payouts.

His tricks were not able to last for long after casinos introduced new slot tables that featured random number generators. This forced him to try his luck in smaller betting halls. He was arrested and sent to jail, but this only made him come out a stronger “cheat”.

So after serving his time, he came up with a better device that was able to make him as much as $10,000 on most days. After getting arrested two more times, he changed his ways and today works to come up with casino anti-cheating devices that help the gaming clubs curb cheaters.

The stories that surround the gambling legends are usually very enthralling. Actually, there are very many that have had films made or books written about their lives as gamblers. These are usually people who have made an impact that everyone should be made aware of.