William Clevinger (Office Uprising) and Elliott Michael Smith are producing THE VEGAS DAVE STORY under their new Film Wealth banner. They’re currently putting together the financing for the film, which follows one of the most successful sports bettors of all time, Vegas Dave, who has been banned from most of the major casinos in Las Vegas.
Oancea grew up in Hawaii, and while that might sound like paradise to most, he felt there were very few entrepreneurial opportunities on the island. So even though his parents urged him to go to college, he decided to move to Vegas in the hopes of becoming a professional sports bettor.
Armed with a $10,000 student loan, Oancea hit the roulette table and bet all of it on red. When he won, he used that money to build a sports empire. The budding bettor has won and lost million of dollars multiple times, developing a habit that landed him in Gamblers Anonymous.
The program helped Oancea realize that while he had skill as a bettor, he wasn’t as good at managing his own money. With his finances now in order, he says he has developed a way to beat the books, and beat them bad.
In two of the biggest wins in sports betting history, Oancea won $2.5 million after betting long-shot odds that the Kansas City Royals would win the 2015 World Series, and he also won $2.3 million when the Denver Broncos won the Super Bowl in 2016.
That’s when the casinos began to notice his success and refused to pay the money that Oancea believes he won fair and square. “There were no issues when I was losing money, only when I started winning.” The ensuing back-and-forth has has resulted in a court case involving 19 felony charges against Oancea, which he calls “bogus.” To that end, he has turned down a plea deal and hired three top attorneys to defend him.
“Most casinos are corrupt and they bully you. I’m just standing up for my constitutional rights,” said Oancea, who insists he’s gambling by the book. He claims most pro bettors gamble offshore to avoid paying taxes on their winnings, whereas he recently paid $200,000 in taxes one year.
“I used to live a pretty fast-paced life, and everyone always told me my life should be a movie. But I’m 40 now. My life isn’t like that anymore,” said Oancea.
Cuschieri is represented by Jon Levin at ROAR and attorney David Krintzman.
Jeff Sneider | Editor in Chief