After the Kansas City Royals defeated the New York Mets to become World Series champions early Monday Morning, a highly regarded sports bettor won big, winning nearly $2.5 million on an early season prediction that the Royals would win the World Series. Dave Oancea, better known as “Vegas Dave”, won an actual grand total of $2,457,200 from several future bets adding up to $100,000. Oancea started betting on the Royals in April during the first week of the season when the majority of the national media had deemed their 2014 season a “fluke” and the sports books having them at 30-1 odds to win the World Series.
Since no sports book would be willing to take the risk of a single bet of $100,000, he placed a total of 26 future bets on the Royals to win the World Series at several Las Vegas casinos.
“No sports book is going to take a $100,000 to win $3 million. It’s too much of a liability. So they let you put $20,000 to win $600,000. And then they moved the line from 30 to 1 to 25 to 1 and then I’d do $10,000 at 25 to 1, Oancea explained.”
He said that he had visited every casino that day, ending on a $500 wager.
“I shopped all the casinos, I bet every casino and hammered it,” Oancea said. “It was at 30 to 1 at the beginning of the day. By the time I went to all the casinos it was down to 6 to 1.” When the Royals made it to the World Series, Oancea had the chance to hedge his bet and put money on the Mets, guaranteeing him $750,000, but he declined.
“I didn’t take the guarantee. I let it ride,” Oancea said. “The Mets were a fluke. They picked up Cespedes who carried them. They had no bullpen, which was obvious. You win a few games in the World Series by the bullpen and that’s what happened.”
When asked what his plans were for the money, Oancea says that he plans to buy his parents a new house and donate some of the money to charity.
“A $2.5 million payout off a $100,000 future bet is the biggest future bet cashed in the history of sports betting, Oancea said. I will be forever remembered for this worldwide. … I have been wrong many times in my 15-year, sports-betting career, but most of the time I’m right. I hoped to be right again most of all for my parents. I promised them to buy them their dream home if this ticket cashed.”Oancea is one of the most widely recognized sports handicappers today. He makes his living wagering high-stakes bets from $100,000 to $200,000 per week on sporting events and has made a career out of it.