Wondering what is the net worth of Vegas Dave? Check out here, his net worth, career and more.
Named Dave Oancea at birth, the popular American sports betting gambler and entrepreneur is well known by his name Vegas Dave. He was born in Saline, Michigan and was raised in Ann Arbor, United States.
Dave is famously recognized as a sports handicapper, who has amassed a huge wealth as a sports betting consultant and gambler.
Dave debuted his career in sports betting when he was at UNLV and was awarded a student loan of $10,000.
He was brave enough to bet the entire amount and fortunately doubled the money, thereby gaining confidence to pursue his career in sports gambling and as a betting consultant.
How much is the net worth of Vegas Dave?
Vegas Dave’s current net worth is estimated at $20 million. He is a popular American sports betting gambler and entrepreneur is well known by his name Vegas Dave.
During his career, Dave has become a notorious influencer of gambling. He was seen as an expert in selling picks predicting the team that would win a particular game.
In the middle of his career, he lost all of his money, filed bankruptcy and had spent time in Gambler’s Anonymous.
In 2015, Dave betted $20,000 on his prediction that Holly Holm would defeat Ronda Rousey during the UFC 193 event. The win he landed is said to be the largest payout in the history of UFC.
Vegas Dave Net Worth Quick Summary
|December 10, 1976
|Sports betting gambler, betting consultant, entrepreneur, memorabilia collector
|Net Worth in 2022
|55.5 K subscribers
Vegas Dave Net Worth
According to the figures Vegas Dave has released, his net worth stands at a whopping $20 million in 2022. Many industry sources too agree with this figure.
However, his personal claims about his wealth are not warranted by any proof. The majority of Dave’s wealth has been earned from sports betting, memorabilia sales, sports betting consulting and many other avenues.
Oanchi debuted his sports betting career encouraged by the success when he could double his money at the roulette table. Vegas reserved $20,000 to build up on his side bets.
Dave’s journey in betting games has not been a smooth one. On his way to earning a massive wealth, he had to face several challenges, hard times and difficulties.
Dave lost a majority of his wealth in the process. He had to spend a number of months anonymously and had to borrow a lot of money from his parents. Finally, he could learn how to manage his money and he paid off the debts he had incurred.
Some of Dave’s longshots pay him off very well. In 2012, Dave predicted remotely that Ravens would bag the Super Bowl. He betted $8,000 for a win of $208,000.
In 2015, Dave created history when he betted $100,000 on the Kansas City Royals who won the World Series. Surprisingly, The Royals played only for a week when the season started and it was expected that they would finish last in AL Central.
However, they ended up bagging a momentous victory working in Dave’s favor who landed a record $2.5 million win.
In 2015, Dave went by his prediction that Holly Holm would defeat the invincible UFC champion Ronda Rousey. The amount she betted was $20,000 and she called $240,000. It is said this was the highest payout in the history of UFC.
On August 23, 2020, Dave set a record in the history of sports memorabilia when he got $3.9 million in an online auction selling a one-of-a-kind signed Mike Trout rookie card.
Besides the record he holds on the diamond, he now has one of the most expensive trading cards sold ever ahead of the 1909 T206 Honus Wagner, which was sold in 2016 for $3.1 million.
Commenting on his massive earning, Dave remarked, “When I bought this card, everyone said I was crazy for spending almost half a million on a piece of cardboard.”
Dave bought the 2009 Trout, which he calls a “superfractor” created by Topps’ Bowman collection in 2018 paying $400,000 to a Taiwanese collector who he came across on eBay. Dave further adds, “I relate it to art—like the Mona Lisa, or a Picasso. There’s only one in the world.”
Recently, Dave has been banned from all the casinos in Las Vegas. They are not prepared to take the bets since Dave caused them huge losses. The casinos are also not permitting to withdraw this amount.
Dave has announced his decision to retire from the sports betting business and has started his own consulting business for sports betting. He has over 10,000 customers now.
Vegas Dave’s Homes, Cars and Bags
Vegas’s fleet of vehicles consists of Rolls-Royce Cullinan and Ferrari 488 Spider. Saying why he keeps these expensive sedans, Vegas says, “I don’t like it,” he says. “I just keep it in the garage.”
Oancea has invested in a seven-bedroom villa located in Cabo, which carries the name, “Villa Vegas Dave.” Vegas also owns a home with a built up area of 7,000 square feet in Vegas in addition to a two-bedroom condo which are managed by a trust.
Vegas has a huge collection of Hermes Birkin bags whose total worth is estimated at $1.3 million.
In April 2019, Vegas purchased a very rare kind of Himalaya Diamond Birkin paying $500,000. It is said this is the most expensive among the Birkin bags sold in the world so far.
However, it is said the bag is not worth that much. The CEO of Privé Porter Jeff Berk who sold the bag to Vegas said in an interview, “It’s worth probably $350,000 and nothing more than that. He knew he was overpaying for it. He wanted to break the record.”
Dave’s Legal Issues And Filing For Bankruptcy
Dave rose to popularity in the sports gambling arena in 2015 when he collected $2.5 million on a futures bet predicting that Kansas City Royals would be the winners of the World Series in that year.
In February 2016, Dave also landed a $2.3 million payout as the Denver Broncos won over the Carolina Panthers in Super Bowl 50.
Though Dave held the winning ticket with him, he could not claim the full amount since the federal government was conducting investigations against him in full force.
In the next year, Vegas was charged over 19 acts of felony connected to his usual practice of making use of other people’s security numbers for placing wagers.
The crime for which he was charged took place between February 2015 and February 2016. The total worth of the fraudulent transactions he had completed during that time was around $1.2 million. The said charges could have left him with a probation of five years.
In 2019, Vegas accepted a plea bargain by representing himself through David Chesnoff, a famous criminal defense attorney from Vegas.
While being convicted of around 20 felonies, Vegas pleaded guilty to an infringement, paid more than half a million dollars and was banned the sportsbook of Las Vegas for around three years.
He was also directed to complete his gambling therapy and was awarded 150 hours of communal service.
Vegas has never given any details about the win-loss percentage. He says, “I’ve bet over 1,000 times.
I don’t have a record.” To sustain during the tough times when he was confronting these legal problems, Dave wanted to try his luck in the world of memorabilia. He said, “When they banned me, my vision was clear: sports cards.”
The lucrative deal of $3.9 million Trout card sales was not the first one he accomplished. Earlier, he had sold what was called a less-rare Trout card for $922,000, which he claimed was one among the five in the world. Dave says he owns seven very rare Trouts in total.
In 2017, Dave sold to a collector the 1986 Fleer Michael Jordan rookie card in a deal that fetched him $18,000. The collector who bought it took the MJ card to the National Sports Collectors Convention in Chicago in 2017.
The PSA grading found that it was a counterfeit one. When the buyer approached Dave with the facts, Dave said he was not prepared to refund him as he did not know it was a fake one.
Though Dave always flaunts his foresight and the ability to win millions by betting on sports, there were times when he lost all of his money. In 2002, Dave filed for bankruptcy protection.
His home was foreclosed in 2010. His parents had to cover his losses worth hundreds of thousands of dollars.Once during the hearing of his federal case, Dave admitted that he had been a gambling addict and had lost all the money he earned over a period of five to eight years.
Dave has always been viewed as a ‘black eye’ and a ‘parasite’ in the sports betting industry according to many of his former clients, other sports gamblers and the employees of Las Vegas sportsbook.