OBB Pictures has optioned rights to The Smart Money, Michael Konik’s 2006 memoir about about life inside one of the world’s most sought after gambling rings run by the industry’s most feared player. OBB is teaming with 3 Arts Entertainment to fast-track development, with plans to adapt the book into a half-hour dramedy series for a cable or streaming network.
OBB’s Michael D. Ratner, Scott Ratner and Eric D. Cohen will executive produce with 3 Arts’ Michael Rotenberg and Jonathan Berry. OBB’s Matthew Hirschhorn and Kfir Goldberg will co-executive produce.
In the book, Konik, a journalist, unfolds his the story of landing an interview with one of Las Vegas’ most prolific sports betters, unknowingly becoming a patsy in his gambling ring. Using his real name with a fake backstory, Konik begins working for the ring, wagering hundreds of thousands of dollars on a given day, and as much as $1 million on one event. The fun and excess gives way to a stress-induced world, from the casino’s unrelenting suspicion of who Konik might be working for, surveillance from the industry’s most seedy characters, and paranoia when it becomes clear the powerful gambler will stop at nothing to keep his machine running.