Mattress Mack Wins $75M With Historic Bet on Houston Astros, Gives it Away
Luck was finally on the side of Houston, Texas furniture store owner, 'Mattress Mack' this time around. Jim McIngvale (his real name) placed a $3.35 million bet on the Astros to win the World Series last year, but lost when the Atlanta Braves beat Houston in Game 6. The loss didn't discourage him, and before this year's championship series, McIngvale placed $10 million on his hometown team. When the Astros defeated the Philadelphia Phillies 4-1 in Game 6 Saturday, McIngvale won $75 million.
Forbes magazine says it's the largest payout in legal sports betting history. According to ESPN, McIngvale plans to use his $75 million in winnings for this year's promotional deal at his store, which offered any Gallery Furniture customer who spent at least $3,000 on furniture to get double their money back - if the Astros won the World Series. In an interview with NewsNation, he said the real winners are his customers, who are "happy, happy, happy getting free, free, free mattresses!"
Sportsbook Betfred, which recently started operations in the United States after being in the United Kingdom for several years, took a $1 million bet on the Astros from McIngvale in Iowa at 5-1 odds.
How Many Bets Did 'Mattress Mack' Make?
ESPN reports that the $5 million net payout to McIngvale is the largest in Betfred's 50-plus-year history as a bookmaker. Of course, there were multiple bets placed, including a $3 million bet on the Astros to win the World Series at 10-1 odds on Caesars Sportsbook's mobile app. The $3 million bet with Caesars was his largest, but not his only seven-figure bet on the Astros. After $7 million more in bets on the Astros over the summer at various sportsbooks with average payout odds of +750, McIngvale won around $75 million.
Now I'm wishing I had gone to Houston and bought a new mattress!