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De Niro's character, Sam 'Ace' Rothstein, is based on Frank "Lefty" Rosenthal, who was a hell of the handicapper
He was so good that whenever he bets, he could change the odds for every bookmaker inside the place
Genius at what he was undertaking with figures, he proved to a lot of men from the Chicago Mob that he was an incredible earner that he could make a lot of money for them
Consequently, he was equipped to accomplish whatsoever bookmaking, handicapping, he planned to do, Together with the umbrella of security from those guys
'Ace' runs the casino with an iron fist refusing any outdoors people cheating at his tables
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