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A dancer who worked for Ziegfeld Follies in the 1930s, he lost his right arm while serving in World War II. He played bit parts in several movies including a 1953 appearance in the ending of The War Of The Worlds where he is in a crowd scene after the first martian machine crashes. His most memorable film role was in a famous fight scene with Kirk Douglas in Lonely are the Brave (1962). Raisch's best remembered role, however, was in the 1963–1967 TV series The Fugitive, in which he played "The One-Armed Man" (who frequently went by the alias Fred Johnson) who was the real killer of the wife of Dr. Richard Kimble, played by David Janssen.
After The Fugitive ended, Raisch was scarcely seen on TV or the media again as he focused on his career as an acting teacher. He died of lung cancer in 1984 in Santa Monica, California, at age 79.