Ford Mustang 1970 Fastback – Chip Foose’s Gambler 514

Chip Foose built this 1970 Mustang Fastback for the cameras on Overhaulin’, and the name alone tells you everything about its Vegas-flavored backstory. Under custom Gambler Green paint sits a 514-cube stroker big-block making 625 horsepower — not a mild dress-up job, but a genuine street-and-strip build with Ford Racing internals. It debuted to a stunned crowd at the 2004 SEMA show and has been a fan favorite ever since.

1970 Ford Mustang Fastback designed by Chip Foose on the TV show Overhaulin. Nicknamed “Gambler 514” because of the custom paint color Chip called “Gambler Green”, and the 514 CID engine sitting under the hood. The 514 is the heart of this Mustang, pushing out 625 horsepower. It has Eagle H beam connecting rods, 9.8:1 compression, a sturdy 460 block, stroker crank, Ford Racing forged aluminum pistons, roller camshaft, Super Cobra Jet aluminum cylinder heads, 1.73 roller rockers, March serpentine belt system, 2.25″ headers running to 3″ Magnaflow exhaust, MSD 6AL system, and much more!

Overhaulin’ built its entire premise on secrecy — owners were lured away from their cars under false pretenses while Chip Foose’s crew tore the vehicle down to bare metal and rebuilt it as something unrecognizable. For this 1970 Fastback, the twist was personal: the backstory tied directly into Vegas casino culture and a family’s brush with a gambling habit, which is exactly how the finished car earned its name. Foose didn’t just repaint it either — his team built a stroker big-block from the ground up specifically to back up the bravado of that name. The reveal happened in front of a stunned crowd at the 2004 SEMA show. What does it actually take to turn a stock ’70 Fastback into something worthy of a Vegas high-roller’s garage?

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Built For a SEMA Spotlight, Not a Showroom Floor

Overhaulin’ had a simple but ruthless format: take somebody’s car, transform it completely, and unveil it in front of an audience with zero warning about what’s coming. This Fastback got the full treatment for the 2004 SEMA show, where Foose and his crew revealed it wearing a custom shade he called “Gambler Green” — a nod to the Vegas casino theme woven into the build’s backstory. The name “Gambler 514” stuck for two reasons: the paint, and the engine displacement sitting under the hood, a detail Foose clearly wanted the car to advertise rather than hide.

The Stroker Big-Block Behind the Bravado

Six hundred twenty-five horsepower from a 514-cubic-inch stroker isn’t a spec you throw around lightly, and this build backs it up with real hardware rather than a slapped-together crate motor. Eagle H-beam rods, a stroker crank in a stout 460 block, Ford Racing forged pistons, and Super Cobra Jet aluminum heads all point to a team that wanted this Fastback to run as hard as it looks. Add a roller cam, 1.73 roller rockers, and an MSD 6AL ignition system, and you’ve got a genuinely serious street-and-strip combination wearing a show car’s paint job.

A Foose Build With a Story Worth Paying For

Foose builds have always held their own in the collector market, but the ones with a real television pedigree and a story this good tend to command a premium all their own.

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