Mattress Mack, bettor who called Astros over Phillies both get massive wins on World Series
Houston Furniture store owner Jim 'Mattress Mack ' McInvale placed a total of $10M in bets on the ASTROS to win the World Series at six different sportsbooks!
Mattress Mack isn't the everyman bettor. Not many people use the sportsbooks to make seven-figure bets on their hometown team, and can hedge it all through their furniture company.
But turning $50 into $125,000 on a huge World Series prop you bet in April? That's the dream.
Both of those bettors cashed on Saturday night when the Houston Astros beat the Philadelphia Phillies to take the World Series title.
Jim McIngvale, known as "Mattress Mack," cashed in tickets worth $75 million on Astros futures. It's the largest known sports betting win in history.
There are asterisks all over it because the owner of the Gallery Furniture chain was offering customers who spent $3,000 on some sleep sets or power motion furniture at his store their money back if the Astros won the World Series. Before the Astros won the ALCS, he was offering customers double their money back. So the $75 million isn't profit — the winnings will "mostly be paid out to customers through our promotion" McIngvale told FOX 26's Matthew Seedorff after the game — it was marketing and a hedge on the furniture deal (or, the furniture deal was a hedge on the bet, whichever you prefer).
"I feel great, because a lot of our customers are going to get free mattresses," McIngvale told FOX 26.
Either way, sportsbooks including BetMGM were giving him a ton of money.
"They'll wire it to me," McIngvale told FOX 26. "That's too much money to carry."
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CONGRATULATIONS MACK !
FORTES FORTUNA JUVAT
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