'Mattress Mack' Hit With $6.9 M Loss Backing Houston Astros
A respected legal sports wagering figure has actually 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 versus the Texas Rangers in the American League Championship Series.
McIngvale, who is notorious for big wagers, could have stolen approximately $43.4 million from numerous retail sportsbooks and online betting websites if the Astros had actually recorded the World Series, according to Reuters.
Despite the loss, the Astros have actually fared well for McIngvale. Last year, the Texas furnishings salesperson won approximately $75 million when the Astros clinched the 2022 World Series.
As an outcome of the win, McIngvale was released the "largest payout on a single sports bet in legalized sports wagering history," according to Caesars Sportsbook. McIngvale, who had action throughout a number of sportsbooks, wagered $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 quickly to be rebranded to ESPN Bet, likewise took a success from a McIngvale wager. The operator paid McIngvale $10 million following a $2 million wager. Other sportsbooks that paid the salesperson included BetMGM and WynnBet.
McIngvale's affinity for betting has likewise equated to increased reach for his furnishings service.
"It's everything about making furniture-buying more fascinating for the customers. So it's a win-win for the neighborhood and a win-win for us," the salesperson informed NPR earlier this year.
Not just baseball
McIngvale has also placed large wagers on America's most popular expert sports league - the NFL. In February 2022, 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 defeat 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 slight underdogs.
