How the Demon King could have easily won.
We know from Serena in V16 that there is a fountain connected to hell that practically gives infinite mana and there's an archangel (or were they a normal angel? I don't really remember) that was connected to it and what does the DK do with him?
He just keeps in the castle to fend off the occasional crimson demons attack… DK, you decide to use the guy with effectively INFINITE MANA for f***ing DEFENSE! While already having a barrier that —despite being supported by only 2 generals at this point— can tank more than a dozen EXPLOSIONS. Don't you think having both dedicated to defense is a bit overkill?
Even assuming that the fountain has limited range, the DK could have still used the archangel for offense. All he needs to was:
Have the archangel learn explosion from Wolbach if he didn't already learn it, I assume he already learn it since the explosion's only draw back is its massive mana cost which is irrelevant due to the fountain.
Have him mark the castle and whatever location the DK wants destroyed with teleport, so whenever he runs out of mana, he can just teleport back to the fountain and recharge his mana and teleport back to the battlefield.
Now, you have a upgrade version of Wolbach's strategy, instead of one explosion per day it would be multiple ones which would easily overwhelm any military base&army, even the stronghold we see in V9 would crumble in like… 4 (5 if generous) back-to-back explosions.
If the above isn't possible for some reason, then the DK could just do what Kazuma did in V17 and give Wolbach a bag of high purity mana crystals and the war would be done in two days MAX, after all, if Kazuma could afford it then a king with the an entire military budget should definitely be able to afford at LEAST a few dozens of mana crystals which would be more than enough to destroy both the stronghold and the capital.
For someone that even Kazuma describes as intelligent, I'm surprised that the DK didn't use such an obvious and effective strategy that would certainly guarantee victory.