Deane's brother, Brenden Pappas, tied Jonathan Byrd, who was a co-leader with Dodds after the second round, at 6-under. David Gossett was alone in fifth at 5-under 283.
Dodds broke the tie with Byrd at the first hole when he hit a 9-iron to 15 feet. He got breathing room when he holed a 12-foot birdie at the fifth. Byrd dropped a shot at No. 7 when he dumped his tee shot at the par-3 hole into the water, giving Dodds a three-shot edge.
Dodds comments on how his daughter inspired his win
The lead stayed around three over Byrd and Deane Pappas even though Dodds dropped a shot with a missed 15-foot par save at No. 9. He bogeyed the 10th as well when he hit a poor third shot into a bunker and failed to get up and down. Byrd bogeyed the same hole and Deane Pappas parred the remaining holes to keep the lead at three.
Dodds rebounded from the back-to-back bogeys at No. 11 when he wedged his approach shot to four feet for birdie. He birdied the par-5 16th to grab a five-shot advantage.
He bogeyed the final two holes and held on for the win, his third on the Buy.Com Tour.
Dodds, who won the 1998 Greater Greensboro Classic on the PGA Tour, was motivated for victory after a conversation with his five-year-old daughter, Audrey.
'Last week, she said, 'Dad all your trophies at home have got dust on them. I think it's time we need a new trophy.',' recounted Dodds, who pocketed $76,500 for the win. 'In many ways it kind of put things back in perspective for me that that's really what I should be playing for. It just fired me up a little bit, and I went out and had fun.'
Deane Pappas, the winner of the Monterrey Open in March of this year, could not capitalize on the back nine after he birdied four of his last five holes as he was set to make the turn.
'I was 9-under at the turn and I figured if I could get a couple of birdies, maybe two or three on the back nine, I would have a chance,' said Pappas. 'He's obviously playing solid golf.'
Chris Couch, who captured the season-opening Florida Classic, took solo sixth place. Rod Pampling, Craig Matthew, Mike Heinen and Heath Slocum tied for seventh at minus-three.
Defending champion Ryuji Imada, who was only four shots back after 36 holes, shot 76-75 over the weekend to finish tied for 22nd at even-par 288.
Full-field scores from the Buy.Com Virginia Beach Open