De Niro's character, Sam 'Ace' Rothstein, is based on Frank "Lefty" Rosenthal, who was a hell of a handicapper
He was so good that When he bets, he could change the odds For each bookmaker in the country
Genius at what he was doing with quantities, he proved to a great deal of men while in the Chicago Mob that he was a tremendous earner that he could make a lot of money for them
As a result, he was capable to accomplish what ever bookmaking, handicapping, he wanted to do, Together with the umbrella of security from All those guys
'Ace' runs the casino with an iron fist refusing any exterior people cheating at his tables
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