Mattress Mack’s World Series bet, explained: How much money did Jim McIngvale win on the Astros?

When the Astros took the field for Game 6 of the World Series, they were greeted by a familiar face.

Jim “Mattress Mack” McIngvale is a Houston tycoon, philanthropist and sports super fan. He is also a betting man. And the inhabitant of the Space City was scheduled to launch the first ceremonial launch on Saturday evening.

It was the culmination of a postseason that was particularly stressful for McIngvale. After all, he had a lot riding on the outcome of this series.

Before the playoffs, McIngvale placed a $10 million bet on his beloved “Stros” capturing a World Series title. At combined odds of 7.5-1, McIngvale was one Houston win away from raking in $75 million.

(Three and a half hours later, Houston produced that victory, 4-1, making them the winners of Mack’s tickets).

Caesars Sportsbook announced late Saturday that it had paid out $30 million of that win (“the largest check in sports betting history,” it said). McIngvale bet $3 million on the Astros at 10-1 on May 13.

“Do it all over again? You bet. While Mack might have won this time in the field, we are proud of how we came together to support first responders and military veterans in Houston, (Philadelphia) and Atlantic City,” Ken Fuchs, COO of Caesars Digital, said in a statement. .

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“And to Mack – we pointed out our leader of the Astros – and we remind him that he can now support his Texans and Rockets … both at an attractive price at +100000 to win a championship. The Astros are also currently + 550 to win next year’s Fall Classic.”

Caesars said in the statement that the sportsbook, McIngvale and Tempur-Sealy have collaborated to provide new mattresses to first responders, vets and active military members in the three cities.

For most, $10 million is an unfathomable amount of money to consider pouring down the drain. For McIngvale, who is said to be worth $300 million, it’s a drop in the bucket. And, as he told ESPN’s David Fleming, he’s always been a risk-taker.

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“I just have what you might call a high tolerance for risk,” McIngvale said. “Damon Runyon said, ‘All horse players die broke.’ And I know I shouldn’t bet with my heart, but it’s hard not to, and it’s a lot more fun.”

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What are some of Mattress Mack’s other big bets?

This isn’t McIngvale’s first rodeo. In 2017, he ran a promotion offering Texas-based customers free mattresses from his furniture store if the Astros beat the Dodgers in the Fall Classic. He ended up losing $10 million worth of mattresses. It doesn’t matter, McIngvale says, because he covered his provocative move with a multimillion-dollar bet on the ‘Stros. It’s not a business, but a business, man. . .

“I just get bored to death of stability, so I think I like all these big bets,” McIngvale said. “I thrive on chaos.”

For all his popularity in H-Town – and McIngvale is a regular fixture on the city’s sports scene – his decision to put so much faith (and money) in the ‘Stros was curious. At least until one realizes that Mattress Mack never makes a bet like that without having a way to counter it. Whether it’s his $4.5 million bet on the Bengals in last season’s Super Bowl or the $3.35 million he put on Houston to beat the Braves in the Series Last year’s World Cup, McIngvale always seems to find a way to stay in the black, especially with promotions. to build intrigue. So even when you lose, you win.

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Oh, and gambling losses are tax deductible. Another win for the mattress man.

“It’s definitely a win-win,” McIngvale said. “These promotions just bring the brand to life and give us a ton of brand equity that we wouldn’t have otherwise. Customers love it so they’re totally engaged and talking about it for years. Because it runs all season, probably. It also increases the number of people who follow the Astros, because now they have a real interest in the team.”

It helps that he roots for one of the best-run teams in baseball, a team that has become a perennial threat to win the Commissioner’s Trophy. On Saturday, Houston captured its trophy for the second time in six seasons.

And you better believe that Mattress Mack is enjoying it as he makes his way to the bank.


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