'Mattress Mack' Hit With $6.9 M Loss Backing Houston Astros
A respected legal sports wagering figure has suffered a heavy loss.
Jim "Mattress Mack" McIngvale has actually lost a minimum of $6.9 million following the Houston Astros' 11-4 loss on Monday night against the Texas Rangers in the American League Championship Series.
McIngvale, who is well-known for big wagers, could have filched roughly $43.4 million from numerous retail sportsbooks and online wagering sites if the Astros had recorded the World Series, according to Reuters.
Despite the loss, the Astros have actually fared well for McIngvale. In 2015, the Texas furniture salesman won roughly $75 million when the Astros clinched the 2022 World Series.
As an outcome of the win, McIngvale was provided the "largest payment on a single sports bet in legalized sports betting history," according to Caesars Sportsbook. McIngvale, who had action throughout numerous sportsbooks, bet $3 million at 10/1 odds on the Astros to win the World Series. His action at Caesars would win him a record $30 million for a single sports wager.
PENN Entertainment's Barstool Sportsbook, which is soon to be rebranded to ESPN Bet, likewise took a huge hit from a McIngvale wager. The operator paid McIngvale $10 million following a $2 million wager. Other sportsbooks that paid the BetMGM and WynnBet.
McIngvale's affinity for wagering has actually also translated to increased grab his furnishings organization.
"It's all about making furniture-buying more interesting for the consumers. So it's a win-win for the neighborhood and a win-win for us," the salesman told NPR earlier this year.
Not simply baseball
McIngvale has actually also positioned large wagers on America's most popular professional sports league - the NFL. In February 2022, McIngvale put approximately $9.5 million worth of wagers on the Cincinnati Bengals to win Super Bowl LVI versus the Los Angeles Rams at SoFi Stadium.
The Rams would beat the Bengals 23-20 in front of 70,000 fans. Mack's action on the Bengals would have won him $16.2 million as the Bengals entered the contest as small underdogs.