Wager Mage
Wager Mage
Photo: Keira Burton
$75 million In October, he told Bleacher Report's Greg Ivory that he had $10 million in bets on the Houston Astros to win the 2022 World Series. With the Astros winning the title over the Philadelphia Phillies in six games, McIngvale will earn an estimated $75 million payout, the largest in sports betting history.
$300 They are American money line odds; for example, +200 signifies the amount a bettor could win if wagering $100. If the bet works out, the...
Read More »The Astros captured the 2022 World Series title Saturday night, which means Jim "Mattress Mack" McIngvale, who owns Gallery Furniture in the Houston area, has won a record betting payout. In October, he told Bleacher Report's Greg Ivory that he had $10 million in bets on the Houston Astros to win the 2022 World Series. With the Astros winning the title over the Philadelphia Phillies in six games, McIngvale will earn an estimated $75 million payout, the largest in sports betting history. Like in the past, McIngvale's Gallery Furniture customers will also be enjoying the benefits of the Astros winning it all. Gallery Furniture has previously held promotions in which customers that spend a certain amount of money would get their furniture free of charge if a specific team wins a championship. This time around, McIngvale is offering customers a chance to double their purchase after the Astros' win. "When you purchase a Tempur-Pedic, Stearns & Foster or Sealy mattress sleep set priced at $3,000 or more, and if the Houston Astros win it all in the 2022 final championship series, your purchase is FREE,!" Gallery Furniture's website read. "Join us at any Gallery Furniture showroom TODAY make your qualifying mattress purchase for the chance to get it all FREE FREE FREE!" McIngvale has never been afraid to place large wagers. He won an estimated $15 million when Kansas won the NCAA men's basketball tournament back in April and is known for placing massive bets on the Super Bowl and other big sporting events in America.
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Read More »Jim McIngvale, founder of the Gallery Furniture chain and known as “Mattress Mack,” made wagers earlier this year including $3 million — at 10 to 1 odds — with Caesars in May that the Astros would win baseball's championship.
Houston furniture-store magnate Jim McIngvale won $75 million on his wagers that the hometown Astros would take baseball’s World Series, including a $30 million payout from Caesars Sportsbook that the company calls the largest-ever at a legal sports-betting site. Jim McIngvale, founder of the Gallery Furniture chain and known as “Mattress Mack,” made wagers earlier this year including $3 million — at 10 to 1 odds — with Caesars in May that the Astros would win baseball’s championship. The team beat the Philadelphia Phillies in Saturday’s Game 6, clinching the title for a second time in six seasons. Before McIngvale won, Caesars cautioned investors and analysts that the potential payout could impact its results. “I think most of you are aware we’ve got a fairly high-profile liability out there with the Astros,” Caesars Entertainment Inc. Chief Executive Officer Thomas Reeg said in a Nov. 1 earnings call with analysts. “That will be a swing factor and whether the fourth quarter is positive.” While Caesars was on the hook for the biggest individual chunk of McIngvale’s winnings, other sports-betting sites paid out the rest of the $75 million in winnings. ActionNetwork.com reported Mattress Mack’s other wagers on the Astros to win were made at sites including BetMGM, WynnBet, Barstool, Unibet and Betfred. In late October, McIngvale told website Furniture Today he plans to funnel some of those winnings back to his customers, as part of his chain’s most successful sales promotions to date. Shoppers who spent at least $3,000 on a Tempur-Pedic, Stearns & Foster or Sealy mattress sleep set will get their purchase price back after the Astros win, according to the trade site.
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