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OTRC: Dustin Hoffman talks about getting into television and 'Luck' role - See video

Dustin Hoffman turns 75 on Aug. 8, 2012. Hoffman is known for his role in movies such as 'The Graduate,' 'Little Fockers' and 'Stranger than Fiction.'(Pictured: Dustin Hoffman and his wife talk to OnTheRedCarpet.com at the premiere of HBO's 'Luck.')

Dustin Hoffman is entering the television world in his first recurring role in the HBO series "Luck" and the actor explained to OnTheRedCarpet.com why he's going to the small screen for this horse racing drama.

The series is based on "NYPD Blue" and "Deadwood" screenwriter and producer David Milch's experience gambling and accompanying his father to a Sarasota Springs, NY racetrack from the tender age of 6.

Hoffman stars as the mobster Chester "Ace" Bernstein, who has just been released after three years in prison. Nick Nolte will portray Walter Smith, a former trainer who now owns what he hopes will be a winning horse.

When asked why he deiced to take the television role, Hoffman said, "One, Michael Mann was the executive director and I had been an admirer of his work and we worked together way back in the 70s."

Mann and Hoffman worked together on the 1978 film "Straight Time."

Hoffman added the network also played a role in his decision. "HBO is extraordinary because once they say yes they back off and leave the creators to do what they will," he said.

HBO's most successful shows include "True Blood," "Boardwalk Empire" and "Game of Thrones." The cable network will debut six new programs this year, including "Luck."

The network recently canceled the shows "Hung," "Bored to Death" and "How to Make It In America," and renewed "Enlightened," a new series that premiered in October and stars Laura Dern as a woman who undergoes a personal awakening after suffering a breakdown. Dern won a Golden Globe Award for Best Performance by an Actress in a Television Series - Musical or Comedy for the role at the Golden Globe Awards.

As for the series itself, Hoffman said, "On the surface it's about horse racing but underneath that it's about what luck really is, which is -- do you wake up in the morning? Do you have another day in front of you? All the things you take for granted you should not."

"Luck" is set to premiere on HBO on Jan. 29 at 9 p.m. ET. Watch a preview below.

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