The team represented the city of La Guaira, Vargas and played its home games at the now-extinct Estadio Cerveza Caracas.
Besides Vargas, the circuit included the Cervecería Caracas, Navegantes del Magallanes and Patriotas de Venezuela teams, which resulted in a revised schedule of 30 games in which each team played its three opponents 10 times apiece.
[1] In 1946 Vargas was co-managed by pitcher Daniel Canónico and catcher Roy Campanella, both of whom led the team to the title with an 18–12 record.
Notably, pitcher Roy Welmaker hurled in 25 of the 30 games, including 25 starts, and posted a 12–8 record with 139 strikeouts and a 2.68 earned run average in 181⅔ innings of work.
Welmaker led the league in victories, strikeouts and ERA to win easily the Triple crown.