Mattress Mack collects record-breaking sports activities betting payout, talks to FOX Sports

On Thursday night time, Jim McIngvale headed to Las Vegas. And when he received right here, he determined he wanted some walking-around cash, as most individuals do after they hit the Vegas Strip.

However not like most individuals, he didn’t have to seek out the ATM. Relatively, his money was ready for him in a few vaults at two of the biggest sportsbook operators.

Oh, and it was simply barely greater than walking-around cash. It was a record-breaking sports activities betting payout from his World Collection wagers.

Break the Financial institution

McIngvale, the Houston furnishings retailer proprietor extra generally generally known as Mattress Mack, was in Vegas to choose up his winnings from betting on his beloved Houston Astros within the World Collection odds market. Particularly, he cashed a ticket with BetMGM on a $2 million wager at 5-1 odds and picked up the huge payout on his $3 million wager at 10-1 odds with Caesars Sports.”

“We began at MGM, received the massive test [at Aria] for $10 million. Then we went to Caesars Palace and received the massive test for $30 million,” Mack said in a Friday morning phone call. “Then at 3 a.m., BetMGM was good sufficient to open up the [casino] cage and get the $10 million in money. We did some promotion with it, then gave it to an armored truck firm. They took it away and credited it to our checking account.”

As Mattress Mack has done in years past, he ran a bedding promotion at his furniture store. Customers who partook in the promotion, with a purchase of at least $3,000, would get their money back if the Astros won the World Series. Customers who got in on the promotion early in the MLB season would get double their money back.

To hedge his liability on the promotion, McIngvale placed the aforementioned wagers, along with a few more $1 million plays — $10 million in wagers overall — with other sportsbooks. Next up for Matress Mack is getting that $75 million in winnings paid out to all his customers. In total, 7,000 customers took part.

Sweating It Out

As exciting as it would’ve been for pretty much everybody else, the one thing McIngvale least wanted was a Game 7 in the World Series. With the Phillies up 1-0 in the middle of the sixth inning of Game 6, that got more concerning.

“Realizing that the Phillies have been comeback kings, with that a lot cash using on it, I hoped the Astros may end it out in Recreation 6,” McIngvale said. “It was a terrific sport. The Astros have been down 1-0, then Yordan Alvarez hits a three-run homer. My retailer is about 11 miles north of the stadium. He hit that ball so onerous, it nearly ended up in my parking zone.”

Of course, that’s a slight exaggeration, but it did end up flying over the center-field wall. Houston took a 3-1 lead, added another run in the bottom of the sixth, and that held up for a 4-1 victory that gave the Astros a 4-2 series win. And a big payday for McIngvale.

The Next Big Bet

With his success this year, and 2023 World Series odds already on the betting board, McIngvale will certainly be at it again. At Caesars Sports, the Astros are the +550 second choice to win next season’s championship, behind only the +500 (5-1) Los Angeles Dodgers. Houston is also second on the odds board at FOX Bet, currently sitting at +650 to win it all.

“I’ve already began the promotion. If you happen to spend $3,000 or extra, double your a reimbursement,” he said. “I haven’t wager on the Astros for subsequent season but, however I’ll be betting quickly sufficient. The Astros have been to the ALCS six years in a row, in order that they’ve received a very good likelihood to make one other run at it. We’ll see how they reload for subsequent 12 months.”

And we’ll see if Mattress Mack reloads next fall with another wheelbarrow full of cash.

Patrick Everson is a sports betting analyst for FOX Sports and senior reporter for VegasInsider.com. He is a distinguished journalist in the national sports betting space. He’s based in Las Vegas, where he enjoys golfing in 110-degree heat. Follow him on Twitter: @PatrickE_Vegas.


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