I think this is it. I found it here.
http://bankingwiththebeard.com/?p=76 It's under True Road Adventures.
Most $ Money I Ever Played For. Wrestling with Archie the Greek Karras
Verily, I will explain the circumstances behind the most money I ever played for. It was against the highest roller of all time, Archie Karas. Archie, at one time had the Horseshoe Casino in Vegas stuck for over 30 million dollars playing dice. I’ll explain how I had Archie fooled into thinking I was an eccentric billionaire. This is one of my secret road stories. It started with these guys that put a “spread” down for me to play and trap Archie Karas.
Archie the Greek, from Las Vegas. He was the highest rolling man of all time. You’ve all heard of Nick the Greek Dandalos? Well, Nick the Greek was like a nit next to Archie. Nobody in the history of the world has ever gambled like Archie Karas. There’s an article about his incredible exploits in Cigar Magazine. He was, like, $30,000,000 winner at the Horseshoe Casino. He got his start by playing Bobby Baldwin the manager of the Mirage Casino, pool on his nerve, ended up winning about a million, and then beat him for more playing poker. He even broke all the champion no limit poker players. They couldn’t beat Archie because money seemed to have no value to him, it was only chips. From there he went on to win about $30,000,000 playing dice. He had all the $5,000 chips in the Horseshoe. They even had to print a new chip for him, a $25,000 chip. Nobody gambled like this guy. He started dead broke and he got up to $30,000,000. But what goes up must also come down, and now he’s on the way down, he’s lost most of the money back shooting craps, he’s got a few million left, three, four, five million, so these certain guys laid a trap for him. They told him there’s a billionaire in Pennsylvania, an industrialist that likes to play pool and gambles real high — which there is such a guy. He was a billionaire gambling degenerate who was known to have lost zillions. Weiss was his name. Archie had been hearing about this guy for years. The hustlers told him they could get him a game with Weiss, the only kind of guy who could gamble his fee. So they got him to go to Pennsylvania, to this little town — and planted in that town is me. I’m Weiss, the billionaire. All Archie knows about this guy is that he is an eccentric, he doesn’t dress fancy, doesn’t wear jewelry, and that he’s a degenerate gambler. We meet, they introduce me and pass me off as Weiss, and so on. Then we go to the poolroom; we’re going to play some Eight Ball. I say, ‘Whatta you wanna play for Archie?’ He wants to kick it off at $40,000 a game! Archie has in his pocket $200,000 in $5,000 and $25,000 chips from the Horseshoe. The $25,000 chips were like travelers checks, you couldn’t steal them from him because nobody could cash them. He’d have to okay it to cash them in because he was the only guy authorized to have $25,000 chips. That’s what he had in his pocket instead of money. …So the first game of Eight Ball was for $40,000. He broke, didn’t make nothing, and I ran 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. Now I got a little shaky. I could beat him, I was a top pool player, but we’re playing for 40k 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? We see-sawed for awhile and we ended up playing One-Pocket for 100k a game, and now I’m stalling. I have to stall to make it look good. I ended up beating him out of an even $100,000 the first night. He pays me off with four $25,000 chips.
It was a tough balancing act, stalling enough to be credible, but I couldn’t afford to lose. However, I was a good “lemon” man in those days, so it was just another hard days work. …Now it’s over, and we go up to the counter to pay the time. We were playing in a little bowling alley, a cheap joint, and the time is only $21. For the finale, I short-armed him on the time! I’m $100,000 winner, but I’m also an eccentric billionaire, I have to play the part all the way through. So I started patting my pockets and looking bewildered. I’m patting like I can’t find $21, I’m slow-drawing out on him. He finally says, “Don’t worry about it, 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 because then we had to stall around before playing again because we wanted to get those chips cashed first.
We’ve got to cash those chips and get our money in case he manages to find out who I am. We sent a guy back to Vegas to cash the chips. Archie had to call The Horseshoe Casino to okay it. Next, I told him that I had to fly to Japan. We had to let time elapse, that’s why I said I had to go to a big business meeting — that would supposedly get me out of the country and give me an excuse to not play. I didn’t want to play more until we got our cheese.
…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 that set the operation up weren’t too smart; they weren’t experienced scufflers, real lemon hustlers. They’d set it up nicely but they didn’t really know how to take it off. He ended up paying off $200,000, but he still owed $800k, which we never got because they didn’t know how to collect. When Archie went back to Vegas these guys screwed it up. They acted too guilty about it. You have to act like a legitimate thing occurred. I’m supposed to be Weiss, and I had Archie convinced that I was Weiss. To Weiss 800k wasn’t such a big deal. I won $200,000, so what? I’m supposed to have lost millions. But they dogged it real bad when it came to collecting what Archie owed, they were too timid about asking for the money. They were supposed to be standing good for it, so the normal reaction to his not paying should have been outrage. …So then he eventually got suspicious and started asking around about this guy that plays One-Pocket, wears glasses, and limps. Pretty soon, someone says, “I know that guy, that sounds like The Beard from Chicago.” So our scam got busted and we didn’t get the rest of the money. But it was one of the great cons; he was really hooked. I laid a great stall down. At one point in the game, they were trying to get him to quit because they didn’t want him to owe too much money. But he said, “No, no, his leg is going to give out on him any minute.” He thought my bad leg was going to give out on me cause it looked like I was really suffering. I was in pain, my leg was screwed up. I was in a lot of pain, but so what? I could play for days like that. You see, I got turned out by some good lemon men. I hung around with Bunny “Pots and Pans” Rogoff, and a guy named Hollywood Jack, and some other real good lemon men. The great Jack Cooney was another. They were great lemon men. It’s called the lemon, because an apparently favorable situation eventually sours for the sucker. So that’s how that story ended. I never ran into, or talked to Archie again until last Jan (2007) when Harry Platis put me on the phone with him. He accused me of being a publicity seeker for releasing the story. I told him that I did wait about 15 years before I told anybody.
