Tag: Mattress Mack

Mattress Mack needed a wheelbarrow to load $10 million of his World Series bets onto a jet

“This money is heavy!”

If you’ve ever wanted to know what it’s like to move $10 million of cold hard cash from one place to another, Jim “Mattress Mack” McIngvale has you covered.

The Houston-area furniture boss — and sports betting legend — had to travel, presumably home, with $10 million of his record $75 million payout from a combination of bets on the Houston Astros to win the World Series.

BetMGM caught it on camera from the moment a car dropped McIngvale and his money off at a tarmac where a jet awaited him.

He needed a wheelbarrow to move the cash from the car to the jet.

“This money is heavy!”

I don’t doubt that. I just hope McIngvale had a safe trip home.

[mm-video type=video id=01gh5fafr9kns10n2d9z playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01gh5fafr9kns10n2d9z/01gh5fafr9kns10n2d9z-deb49493b07d47e055a3cbb2aba9bab8.jpg]

[listicle id=1982515]

‘Mattress Mack’ cashes $75 million on Houston Astros World Series, largest payout in U.S. sports betting history

That’s a lot of money.

Mattress Mack is going to sleep easy after the Houston Astros won the 2022 World Series.

Businessman Jim McIngvale earned himself the largest payout in U.S. sports betting history after he collected an estimated $75 million after the Astros topped the Philadelphia Phillies 4-1 in Game 6 Saturday night.

McIngvale spread his bets across multiple sportsbooks, putting $3 million on the Astros to win the World Series at Caesars at 10/1 along with another million at WynnBet.

Later in the season he dropped $2 million at BetMGM at 5/1 with another $2 million at Barstool (+533). Finally, he spent $1 million each at Unibet and Betfred. No book will pay out more than Caesars, who takes a $30 million hit.

Caesers seemed more than fine to pay Mattress Mack his lofty prize—while taking the opportunity to advertise a few of their current offerings if he wants to double down.

Mack was quick to share his astronomical winnings with a very apt Tweet.

“Mattress Mack” is going to have more than enough cash to get season tickets for the Astros next spring as they mount a title defense (+700). We’re guessing he’s got plenty more bets in him to come.

Even if you’re not taking home quite what this Astros fan is, this bet also cleared after Saturday’s win. It’s easily one of the best $50 bets anyone has made on a sport this year.

[vertical-gallery id=1981022]

[mm-video type=video id=01gh5fafr9kns10n2d9z playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01gh5fafr9kns10n2d9z/01gh5fafr9kns10n2d9z-deb49493b07d47e055a3cbb2aba9bab8.jpg]

[listicle id=1980343]

Cameras caught a dejected Mattress Mack in the stands amid the Phillies home run barrage

That feeling when you have $75 million on the line.

Jim “Mattress Mack” McIngvale has a lot riding on the result of the World Series.

The Houston-area mattress magnate can win a record $75 million payout on his combined bets for the Astros to win it all.

Those bets totaled $10 million of his own money, and while he won’t exactly be out that entire total because of the mattress promotions he runs to cover the expense, the potential payout is nothing to sneeze at.

So, as you can imagine, Mack wasn’t the happiest person in the stands when the Phillies started raining home runs from the skies of Philadelphia in Game 3 on Tuesday.

Cameras caught it all.

https://www.instagram.com/reel/CkcFzUcMfka/?utm_source=ig_web_copy_link

Judging by the captions, the first video was recorded in the first inning when Bryce Harper hit an electrifying two-run shot. And the second video was in the fifth inning when Kyle Schwarber and Rhys Hoskins went back-to-back.

Four innings apart, and McIngvale’s body language was exactly the same.

He was not in the mood, and who can blame him? The Phillies won 7-0, going deep five times off Houston starter Lance McCullers Jr., who might have been tipping his pitches. Now they’re up 2-1 in the series with the next two games at home.

[mm-video type=video id=01ggfx6hax9mncyxbpm9 playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01ggfx6hax9mncyxbpm9/01ggfx6hax9mncyxbpm9-d616e42536f0b99580d8a38ced35c6ef.jpg]

[listicle id=1978846]

Jim ‘Mattress Mack’ McIngvale is four wins from record $75 million payout on World Series bet

4 more wins.

If you know anything about Jim McIgnvale aka Mattress Mack, it’s that he sells mattresses. But if you know two things about him, it’s that he sells mattresses and uses the earnings from those sales to place astronomical amounts of money on sports bets.

Sometimes it works in his favor — like his 2020 bet on the Super Bowl — but mostly he just loses a lot. That includes the $3.25 million he bet on the Houston Astros to win last year’s World Series, which would’ve returned $35.6 million.

This year McIngvale has $10 million on the Astros, and he’s just four wins from winning $75 million after they swept the Yankees to advance to the World Series.

The only thing between him and what would be the largest recorded payout in legal sports betting history are the Philadelphia Phillies.

We wrote in May about the initial $3 million bet he placed on the Astros. But since then, he increased his stake by another $7 million.

Of course, a loss doesn’t actually mean McIngvale is out that much money. He uses promotional mattress sales as hedges for his bets, promising customers their money back if the team he bets on wins, which drives sales to cover the cost of his bet.

That’s particularly effective when the money is on a Houston-area team, where most of his customers are likely to also be fans and optimistic about their chances.

[mm-video type=video id=01gg546sxd41g4zrrp9f playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01gg546sxd41g4zrrp9f/01gg546sxd41g4zrrp9f-52d7bc41c4e2765c58840fc3d659370a.jpg]

[listicle id=1975996]

Mattress Mack wants to see higher wager limits throughout the sports betting world

A lot of sharp bettors tend to agree with Mattress Mack

Every now and then you hear about wild sports bet. Someone puts down millions of dollars in hopes to cash out on something even more ludicrous.

Usually, that guy you hear about is Jim “Mattress Mack” McIngvale, an owner of a successful retail furniture chain by day and a famous sports bettor by night.

Known for his big wagers (that essentially act as entertaining insurance policies against his retail promos), McIngvale wants his way to become more common throughout the sports betting industry. And for that, sportsbooks need to quit limiting bets.

Per Geoff Zochodne at Covers.com:

“The industry needs to go up as far as what you’re going to take, not down,” McIngvale said Wednesday at the SBC Summit North America conference in New Jersey.

…A recurring topic of conversation amid the expansion of retail and online sports betting in the United States and Canada has been about operators limiting the amount of money that successful players can wager. McIngvale told the audience at the SBC conference about placing a $200,000 bet on the Texas Longhorns to win the 2005 Rose Bowl, which he doubted would now be accepted.

Even some of the massive wagers that Mack has recently made were made up of several smaller bets. And McIngvale (who was wearing cowboy boots and a custom Astros jersey) suggested Wednesday that bookmakers should figure out how to manage their businesses accordingly so they can survive the odd hot streak.

“I think winners are the best advertising in the world,” he told ESPN reporter David Purdum, who moderated the session.

To simplify — McIngvale wants bigger bets. Bigger wagers could lead to both bigger payouts and bigger losses. The fear from many sportsbooks comes from sharp bettors who historically place large wagers with a high win rate.

In other words, the exact type of bettors DraftKings CEO Jason Robins once said he doesn’t want to do business with.

Either way, the huge bets draw the attention of others, which is good for advertising at a time when marketing budgets are expected to slow down with wild promos to attract new customers.

[mm-video type=video id=01g7wfxxsd74h8kxmpae playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01g7wfxxsd74h8kxmpae/01g7wfxxsd74h8kxmpae-5c414b5438b042bad2bf6dc392f70f74.jpg]

[listicle id=1933066]

Mattress Mack just bet $3 million on the Houston Astros to win the World Series

Mattress Mack is betting big on the Astros to win it all.

It didn’t even take a full week for Mattress Mack to get the gambling itch back.

A week ago, the famous sports bettor lost $1.5 million at the Kentucky Derby by betting on Epicenter to win the big race. But a loss isn’t slowing him down. Now, he’s placed $3 million on the Houston Astros at +1000 with Caesar’s Sportsbook to win this season’s MLB World Series.

That is not a typo.

THREE. MILLION. DOLLARS.

The Astros won the 2017 World Series and currently have one of the top records in baseball (22-11). With a win this year, Mattress Mack would win $30 million — the largest win at a legal sportsbook ever.

[mm-video type=video id=01g2zz2efda6d1gg3rj5 playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01g2zz2efda6d1gg3rj5/01g2zz2efda6d1gg3rj5-cf82b34660c45f1fdcca707e375ca0cc.jpg]

[listicle id=1893460]

Mattress Mack lost $1.5 million on Kentucky Derby as Epicenter takes second

Poor Mattress Mack.

Is it actually a big sporting event if Mattress Mack isn’t betting on it? Lucky for the Kentucky Derby, its status as a big-time event is validated now that the famous sports bettor placed money on the big race.

How much money?

Mattress Mack didn’t bet all of the $4 million he had previously suggested he might, and it’s a good thing he didn’t.

Instead, Mattress Mack ended up placing a $1.5 million bet on Epicenter to win the race. Epicenter actually did well, finishing in second place at the 148th Kentucky Derby. But that’s not how Mattress Mack was going to make money.

It turns out that he should have instead put his money on Rich Strike, who won with the race’s longest odds (80-1) after being entered into the Kentucky Derby Friday, following a late scratch.

Imagine $1.5 million on 80-1 odds. Go ahead and do the math.

Add this to the long list of Mattress Mack lost bets.

[mm-video type=video id=01g2gapgt5n7rvamtthp playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01g2gapgt5n7rvamtthp/01g2gapgt5n7rvamtthp-87c17d47e01ed2f51add7cfad1167f64.jpg]

[listicle id=1889369]

Mattress Mack came to the 2022 Kentucky Derby with $4 million and an absolutely wild suit

Mattress Mack gets it!

Mattress Mack is pulling up to the Kentucky Derby ready and willing to bet $4 million dollars, and he’s prepared to do so in quite possibly one of the most unique outfits you’ve ever seen.

And by unique, we mean amazing. Because it takes a brilliant mind to even think of getting a jacket customized with every horse since the start of the Kentucky Derby to win the Run for the Roses— but in true Mack fashion, he included the winner and their odds.

The best part of the whole jacket is undoubtedly the inside, where he’s got pictures throughout of “Run Happy,” his favorite horse of all time.

Creativity gets an A+. Execution gets an A+. Shoutout to his designer.

 

If covering yourself in winners doesn’t provide the vibes you want at the Kentucky Derby, nothing will.

[mm-video type=video id=01g2fgrm6wfrtt4y8v2t playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01g2fgrm6wfrtt4y8v2t/01g2fgrm6wfrtt4y8v2t-cc866ac47a8b9bcb8979505243bccba7.jpg]

[listicle id=1886748]

Mattress Mack is again betting millions on the Kentucky Derby after huge loss in 2021

This probably doesn’t bode well for the favorite.

Mattress Mack, the Houston-area furniture store mogul known for his incredibly large bets, has been in a bit of losing streak ever since cashing out on the Tampa Bay Buccaneers’ Super Bowl victory in 2021. And it all started with last year’s Kentucky Derby, when he bet what is believed to be a Derby record $2.4 million on Essential Quality to win and the horse finished fourth.

Undeterred, Mack is returning to the Derby and again betting on whichever horse ends up as the favorite on Saturday. And he’s upping the amount.

“I will be there, and I will be betting with both hands,” Mack said, via the Las Vegas Review-Journal. “I’ll be betting probably between $2½ (million) and $3 million on the favorite.”

Mack’s bets are hedges for promotions at his furniture store. This one involves a customer refund of $3,000 or more if the favorite wins the Derby.

As of Thursday, the best odds are still on the morning line favorite Zandon at 3-to-1, but Epicenter isn’t far behind at 7-to-2. But the way Mack’s bets have turned out, it’s probably best not to be the favorite. In just the last few months, he bet a combined $3.25 million on the Astros to win last year’s World Series, but the Braves won it. Then there was the more than $6 million on Alabama to win the national championship that Georgia ended up capturing. And we can’t forget about the the $9.5 million he put on the Bengals to win the Super Bowl. That didn’t happen either.

[mm-video type=video id=01g27nhfc3xpt9104g0w playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01g27nhfc3xpt9104g0w/01g27nhfc3xpt9104g0w-0f9021548f9717e054c23a47414b5fef.jpg]
[listicle id=1886810]

The Super Bowl bets that cost the most money, including Mattress Mack’s giant loss

That’s a lot of cheddar.

The dust has settled after an incredible Super Bowl between the Los Angeles Rams and Cincinnati Bengals, bringing a clearer picture of the damage done to the collective wallets of sports bettors and books alike.

The majority of Super Bowl bets were small wagers that won’t cost either side much, but then there were the big bets sure to make someone a lot of money while creating a sizable hole for the other side.

For Tipico Sportsbook, bettors lost the most money picking the Rams against a 4.5-point spread, as the Rams ended up winning by just three—meaning a 4.5/5.0 favorite is still yet to beat the spread in the Super Bowl. 

There were 10 bets of more than $1,000 each on the Rams -4.5. And the largest individual bet on Tipico was $50,000.

Bettors also lost money on the Bengals first half moneyline. While Cincinnati did eventually pull ahead in the third quarter, the team trailed throughout the entire first half and went into the break down 13-10.

Where bettors won the most money is picking the under on Bengals running back Joe Mixon’s receiving yards. He finished well under a line of 26.5 yards, turning five receptions into a single yard.

One of the biggest wins across other sportsbooks, as tracked by Action Network, was a $2.1 million bet on the Rams moneyline. Another bettor waged $1.05 million on a Rams win. Those wins fall well short of the biggest losses, however, as the popular Mattress Mack placed separate bets of $5 million and $4.5 million on the Bengals moneyline for a combined loss of $9.5 million. 

One of the more painful losses may be the bettor who correctly predicted a Rams win but missed the spread by one point, putting $1.57 million on the Rams -4. Two other million-dollar bets won, with one bettor picking the Rams to cover -2.5 in the first half and the other getting plus odds on the Rams to cover -0.5 in the first quarter.

Gannett may earn revenue from Tipico for audience referrals to betting services. Tipico has no influence over nor are any such revenues in any way dependent on or linked to the newsrooms or news coverage. See Tipico.com for Terms and Conditions. 21+ only. Gambling problem? Call 1-800-GAMBLER (NJ), 1-800-522-4700 (CO).

[mm-video type=video id=01fvvkgq7ak9sef6vb2a playlist_id=none player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01fvvkgq7ak9sef6vb2a/01fvvkgq7ak9sef6vb2a-1e19d20f66b8bd5c3c7d7fbabb8485ad.jpg]

[listicle id=1845058]