A legendary poker player who once turned $50 into $40 million over a three-year streak was arrested this week for allegedly marking cards at a casino in Lakeside, CA.

Archie Karas (real name: Anargyros Karabourniotis) was caught on a Barona Casino surveillance camera marking cards. Authorities say he cheated the casino of $8,000.

Karas was arrested at his Las Vegas home and is facing extradition to San Diego. Karas has been arrested four times for cheating at casinos in California by card-marking, card-switching, and pressing bets. This time, he's being charged with burglary, winning by fraudulent means and cheating.

Although authorities haven't specified how Karas marked the cards, a Las Vegas gaming knowhow told ABC that, "It's pretty much invisible to the naked eye except for those who have marked it and identified it... You can use a piece of sandpaper on your finger; you can use a tack glued to your finger; you can use the back of an earring."

Karas lost only one game from 1992 to 1995, winning around $40 million in a streak known as "The Run". But friends say that by 1996, he had lost most of his winnings (he apparently lost $20 million in 10 days playing Baccarat).

"He really had no regard for money whatsoever," Poker Productions owner Mori Eskandani told ABC News. "He had no fear of having millions and losing it."

[image via Shutterstock]