Thread: Chip Reese
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Old 03-28-2006, 04:30 AM
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Default Re: Chip Reese

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I'd love for Chip to write an autobiography before he passes. Would be a great read. In Gambling Wizards he talks about the guy who was busto, made 30 million at the horseshoe in 2 months, then went broke shortly after. I believe his name was Archie Karas ? Anyone know more about this guy ?

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I've played with him in LA. Archie Karas is an interesting story if you don't know about it. Long story short:

He plays Bobby Baldwin pool, gets him stuck, they switch to poker, Archie gets hot, he gets hotter at the crap table. He stays hot at poker--no one could beat him.

At one time he had every $5000 chip at Binions. Everyone told him to buy a McDonald's franchise, buy this or invest in that. He did nothing.

No one could beat him at poker for a while, and he had Binion stuck a small fortune at craps, but he gave it all back.

Now he occasionally gets staked by those wishing to relive the dream.
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