How do you become the world’s most famous sports bettor?
First step: win $2.5 million betting on the Royals to win the World Series and then party your ass off with Eric Hosmer.
But far more impressive than the fortune Dave Oancea (“Vegas Dave”) made off the Royals was his next run of futures bets. In the span of less than four months in late 2015/early 2016, Dave made $240,000 off Holly Holm (an 11-1 underdog against Ronda Rousey), $2.3 million off the Broncos’ Super Bowl win (he nabbed them at 16/1 odds before the season), and then another $220,000 when Miesha Tate upset Holm at UFC 196.
He later made $2 million off the Falcons, whom he picked to win the NFC Championship at 10/1 odds and would have cashed out another $3m if they hadn’t given up the biggest lead in Super Bowl history.
The difference between Oancea and most gamblers is that he posts everything on social media. The bold bets are documented on Twitter, Instagram, and Facebook from the time he buys the ticket until he collects his fat stacks of cash.
“A lot of gamblers bet offshore so they can hide their winnings from the IRS,” says Dave. “I posted myself paying almost $300,000 in income taxes last year.”
So why does Vegas hate Dave?
“The truth is, Vegas only likes losers,” says Oancea. “When you lose, you lose. When you win, they don’t pay you.”
Dave claims he’s single-handedly changed the way casinos take long-term “futures” bets.
Amateurs betting on a random team to “win it all” has always been lucrative for casinos. In baseball, for example, even though thousands of people put money on the Cubs to win the World Series last year, thousands more put cash on the other teams in the field — Red Sox, Dodgers, Tigers, etc. — and the casino, per usual, still came out on top.
But when one bettor with deep pockets hits it big — like really big — with the Royals at 30-1 odds or the Broncos at 16-1 odds, the sportsbooks’ margins go to shit.
“I beat the code,” says Oancea. “You can’t go to the counter anymore and put $100,000 on a future bet.”
Read the original article at The Lead.