A great HIGH MONEY story from the Beard.....
Well, Nick the Greek is like a nit. Nobody has ever gambled in the history of the world like Archie Karas. There’s an article in Cigar Magazine about him. He was like $50,000,000 winner at the Horseshoe Casino. He played the owner of the Mirage Casino pool on his nerve, won about a million and then beat him playing poker. Then he went on to win $50,000,000 playing dice. He had all the $5,000 chips. They had to print a new chip for him, a $25,000 chip. I’ve got the article in Cigar Magazine. Anyway, nobody gambled like this guy. He even broke all the no limit poker players. They couldn’t play with him. He’s got no use for money. He was dead broke and now he’s got $50,000,000.
So now he’s on the way down, he lost a lot of the money back, he had a few million left, three, four, five million left, so these guys trapped him. They told him that there’s a billionaire in Pennsylvania, an industrialist that likes to play pool and gambles real high -- which there is such a guy; Archie had been hearing about this guy for years. Audie Weiss was the guy’s name; a billionaire industrialist gambling degenerate, who can’t play at all and Archie had heard about this guy. So these guys told him they could get him a game with Audie Weiss, the only kind of guy who would gamble his fee. So they got him to go to Pennsylvania, some little town in Pennsylvania, and planted in that town is me. I’m Audie Weiss, the billionaire.
Archie knows this guy is an eccentric billionaire, he don’t dress fancy, he don’t wear no jewelry, but he’s a degenerate gambler, so they passed me off as Audie Weiss. We meet; they introduce me and so on, then we go to the poolroom; we’re going to play some eight ball. I say, ‘What do you want to play for Archie?’ We kicked it off at $40,000. Archie has in his pocket $200,000 in $5,000 and $25,000 chips from the Horseshoe and the $25,000 chips were like travelers checks. You couldn’t steal them from him because nobody would cash them. He’d have to okay to cash them in because he was the only guy who had $25,000 chips. So that’s what he had in his pocket instead of money.
So the first game we played for $40,000, a game of eight ball. He broke, didn’t make nothing and I run out. It was an easy layout. He reaches in his pocket and gives me eight $5,000 chips. I break I don’t make nothing, he runs out. Another easy layout, I give him back the $40,000. I was a little shaky. I could beat him; I was a good pool player, but we’re playing $40,000 a game and I don’t have a quarter! None of us had that kind of money. There ain’t no paying him off. What are we going to pay him with? So we wound up playing $100,000 a game one-pocket. And I’m stalling too; I have to stall! I beat him out of $100,000 the first night. He pays me off with four $25,000 chips.
1P: You must have had a tough balancing act; stalling enough to be credible, but you couldn’t afford to lose!
FB: I was a good lemon man in those days. So we go up to the counter to pay the time, and the time is $21.00; it’s a little bowling alley, a cheap joint. I short armed him on the time. I’m $100,000 winner, but I’m an eccentric billionaire; I have to play the part through. So I’m patting my pockets and slow drawing him on the time. I’m patting, like I can’t find $21.00. He says, ‘Don’t worry about it Audie, I’ve got the time.’ I’ve got him so f**king hooked he paid the time! I said, ‘Oh, thank you Archie.’
Anyway, it was a hell of a deal. Then we stalled around because we wanted to get that money cashed. Before we played again, I’ve got to cash those chips before he finds out who I am or something. We had to have somebody fly back to Vegas, and Archie had to go back to Vegas to okay it also, so I told him that I had to go fly to Japan. Then we sent this kid back, Larry Schwartz. We had to let time elapse, that’s why I said I had to go to Japan for a big business meeting -- that would get me out of the country so we couldn’t play. Because I didn’t want to play more until we got our money -- the first part of it anyway.
But we got the okay and we got the money cashed and then we played again, and he lost another $100,000. But the guys with me were idiots; they weren’t experienced scufflers, real lemon hustlers. They’d set it up but they didn’t really know what to do; they didn’t know how to do this properly. It ended up, he paid $100,000, but he owed $800,000, which they never got because they weren’t true lemon pros; they were amateurs. I had him so convinced that I was Audie Weiss.
1P: So he owed another $800,000?
FB: That’s right. When he got back to Vegas these guys screwed it up. They’re so guilty, they acted so guilty about it. You have to act like a legitimate thing occurred. I’m supposed to be Audie Weiss. Big deal, I won $200,000, so what, I lose millions. But they dogged it real bad and then he started asking around about this guy that plays one-pocket and he’s got glasses and he limps. So pretty soon, someone says, ‘I know that guy, that sounds like the man from Chicago.’ We got busted and we didn’t get the rest of the money. But it was one of the great scams; he really was hooked. He really fell for it. I laid a stall down. They were trying to get him to quit too because they didn’t want him to owe that much money. He was saying, 'No, no, no his leg is going to give out any minute.’ He thought my leg was going to give out on me; it looked like I was suffering. I was in pain, my leg was screwed up. I was in pain, but so what, I could play for four days like that.