Vegas Dave is an example of the ultimate gambler. He took one of the biggest punts in sports betting history, and it paid off in the amount of $2.5 million when the Kansas City Royals won the World Series of baseball at the end of 2015.
It’s an example that this can truly happen to anyone. Anyone can win. It’s why Dave Oancea collected his $2.5 million win from Westgate Las Vegas a day later.
But how did he do it?
The True Win
First of all, we have to add a disclaimer. The win was actually $2,457,200 from a $100,000 bet. This became the biggest future bet ever placed in history. Westgate, naturally, quickly changed their policy after the win to prevent this from ever happening again.
This is typical of bookmakers these days in that they will automatically stop accepting certain bets from certain people if they happen to win big.
Unfair? Yes. Perfectly legal? Yes.
How he Made the Bet
The odds on the Kansas City Royals winning the World Series in week 1 of the season were 30-1. He bet it until the odds were down to 8-1. Take note, the Royals won their last World Series 30 years previously. By this point, Vegas Dave could have cashed out a guaranteed $750,000, but he decided to play on throughout the World Series.
He let the bet ride and won. But that’s not the end of the story.
Vegas Dave Knows How to Do It
To anyone who believes this is some Average Joe who struck lucky, you would be wrong. Vegas Dave is actually an intelligent gambler who knows what he’s doing. He had other big wins this year. One round robin he hit made him $250,000. Add in another round robin and he added another $400,000 to his bank account.
Vegas Dave stated in a news release that he bet on the Texas Rangers to win the AL West division. He placed the bet when they were already ten games behind and seemingly out for the season. The bet came in and he won $580,000.
Sports betting requires lots of working studying the players and teams. People like Vegas Dave don’t get lucky, they learn, they study, and then make calculated bets on sports. A good place to start is by reading some of the sports betting websites. Many of those blogs offer tips and tricks on how to start out.
The Professional Gambler
Vegas Dave began his sports betting venture 15 years ago in Las Vegas. He moved out of Hawaii because he dreamed of scoring big. Over 15 years, he made big wins and big losses. It led to a two-month stay in a clinic for addicted gamblers.
In his words, when he learned the discipline to win at gambling that was when he became successful. He stopped being one of the many ‘losers’ who bet wildly and with no direction.
Vegas Dave is one of the elite gamblers of his generation, regularly spending $100,000 to $200,000 per week on various sports event. He also acts as a consultant for 2,500 people, thus further adding to his gambling pot.