Krasker was born in Alexandria, Egypt but his birth was registered in Perth, Western Australia. He travelled to England in 1937 via photographic studios in Paris and Dresden, and found work at Alexander Korda's London Films, where he became a senior camera operator. His first film as a director of photography was The Gentle Sex (1943), directed by Leslie Howard.
Krasker's work was strongly influenced by film noir and German Expressionism. He received an Academy Award for his work on The Third Man (1949), directed by Carol Reed, having previously worked with Reed on Odd Man Out (1947). He also worked on Brief Encounter for David Lean and Another Man's Poison for Irving Rapper.
Lean sacked him from Great Expectations, because both he and producer Ronald Neame were unhappy with his handling of the marsh scenes. His later films included the epics Alexander the Great, El Cid, and The Fall of the Roman Empire.
Krasker was the first Australian cinematographer to win an Oscar; the second would not win until 1990.
- "Ace Australian movie man here.". The Australian Women's Weekly (1933 - 1982). 1933 - 1982: National Library of Australia. 31 October 1951. p. 30. Retrieved 17 December 2015.
- Atterton, M and Vietch,Alan(editors) 1984 The Illustrated Encyclopaedia of Australian Showbiz Brookvale NSW, Sunshine Books ISBN 0-86777-057-0 p.126
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