Dale Waters was born in Henry County, Indiana on May 27, 1909. He graduated from Newcastle High School and went to play for the University of Florida football team from 1928-1930, being the team MVP his senior year.

He was a member of the 1928 Gators football team which led the nation in scoring and finished 81. Following his 1930 senior season, he received honorable mention All-American honors from the Associated Press. He also played  for the  Florida Gators basketball team, serving as the Gators' team captain as a senior in 1931

After college Dale played as an offensive lineman for the Cleveland "Football" Indians and Portsmouth Spartans in 1931, then played tackle for the Boston Braves/Redskins in 1932 and 1933.

After his pro football career, he was the coach at Edison High School in Miami for eight years until 1942, when he served in the Navy during World War II. During his time in the service he worked in the training and conditioning program for the Navy Pre-Flight School.

In 1946, he came to El Paso, Texas, and was the the men's basketball head coach and an assistant football coach at Texas Western University through the 1957 season when he became the El Paso district athletic director in 1958.

Dale Waters was named to the El Paso Athletic Hall of Fame in 1970 and passed away in Prescott, Arizona, on December 19, 2001, at age 92.