Even with sportsbetting becoming legal across the county, there is much about the business that is unknown, but Showtime’s “Action” aims to reveal some of the people involved in the business, that makes an estimated $400 to $500 billion annually.

Bill "Krack" Krockomberger
Bill “Krack” Krackomberger is one of several interesting characters on Showtime’s “Action” docu-series. (Image” Showtime)

The first episode of the four-part docu-series premieres Sunday night and will chronicle the lives of gamblers, bookies and oddsmakers throughout the 2018 NFL season. It is a project that director Luke Korem said was made possible by the Supreme Court’s decision to overturn the Professional and Amateur Sports Protection Act of 1992, making sports gambling possible across the country.

“It seems like very slowly people talk about it even though we all know what’s going on,” Korem said. “So, I was doing some research and I said to myself that I think this law (sports betting legalization) is going to change and I started putting together ideas for a theory with a company called Boardwalk that did Last Chance U and as soon as the law changed we went to Showtime with the idea.”

Pulling Back the Curtain

Why the series is so intriguing is the inside look it gives viewers. By design, the show wanted to reveal some of the darker sides of sports betting. One scene is an interview with an illegal bookie, whose identity is obviously hidden. He said that even though the activity is legal where he is, he still hasn’t lost any business because he extends credit to his customers. He then talks about having to use violence to settle late or non-payments.

Korem said the characters were key. Whether it was a professional gambler at the Westgate Las Vegas Super Book, or a guy in his kitchen, pouring over data and making bets.

“I had never met a collection of characters whose lives are such a roller coaster,” Korem said. “Most people, when you go to Vegas, you go for two or three days. If you live in the world of gambling and that is your day-to-day life, talk about a ride! I would meet with these people for lunch and dinner and could not believe some of the stories they were telling me. I can’t imagine living in a world where I don’t know if I am going to make money or lose money on any given day. That is a very scary thought. So, I think just the personalities alone are really incredible.”

From Recognizable to Controversial

There are people in the documentary that casual sports bettors are probably familiar with, such as Jimmy Vaccaro. Vaccaro is a a veteran handicapper who was director of sports marketing at South Point Casino in Las Vegas before taking a similar position at Rush Street Gaming in Pennsylvania.

Other central figures in the show are professional gambler Bill “Krack” Krackomberger and sports handicapper Kelly Stewart. The insights they give on the show are revealing.

“I’m not playing to enjoy myself,” Krackomberger said. “I’m playing to put food on my table and take care of my family.”

The most polarizing figure, though, is David Oancea, also known as “Vegas Dave.” He went on a run from 2015 to 2016 that ultimately had him banned from Las Vegas sportsbooks. He has parlayed his fame into a service selling tips to bettors. In January Oancea pleaded guilty to using phony Social security numbers at Vegas casinos to set up accounts and make wagers. He was sentenced to probation.

Korem acknowledges Oancea’s reputation, but said it also made the show much more entertaining.

“(He) is a controversial, polarizing figure and the reason I thought it was so important to include him is because once we have legalization, there will be many more people selling picks and that’s exactly what Dave does,” Korem said. “Some people look down on it and some people say that he is taking advantage of people but it’s something that we are going to see a lot of and so we thought it was absolutely paramount to include him.”

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