Jim “Mattress Mack” McIngvale, who won sports betting payday this fall.
McIngvale made at least five futures wagers starting in March on this year’s Astros, totaling $7.9 million, that would have paid out approximately $50.9 million. The defending champs, however, came up short, eliminated in an 11-4 loss to the Texas Rangers in Game 7 of the American League Championship Series on Monday night.
McIngvale, a 72-year-old Houston-based furniture magnate, has made a name for himself in sports wagering circles with seven-figure futures bets, mostly on Houston-based teams, that also serve as post-PASPA era.
Three of his bets on the 2023 Astros came this month, including one for $1 million last week at +750 odds after the team fell behind 2-0 against the Rangers in the best-of-seven series. Houston roared back to win three games on the road but failed to close out the series at home, as the Rangers won both Games 6 and 7 at Minute Maid Park.
Caesars the big winner booking Mack p6l3n
Caesars Sportsbook, which was on the hook for the biggest portion of McIngvale’s winnings last year among operators at $30 million for three $1 million wagers at +1000, clawed back $4.9 million this year from three Mattress Mack bets. Caesars took a $1.9 million wager at +600 from McIngvale in Nevada and accepted two others this month: one for $1 million at +1100 and one for $2 million at +450.
FanDuel accepted a $1 million bet at +750 last week.
With the Astros down 0-2, @MattressMack put another $1M on the Astros to win the World Series. Got +750 odds from @FDSportsbook. Now 1 win away from Fall Classic.
Asked how much he has invested vs how much he could win? “Deep secret,” he says.
— Darren Rovell (@darrenrovell) October 21, 2023
Though the known potential payout of his wagers totaled $50.9 million, McIngvale told The Action Network his potential winnings had the Astros repeated would have sured last year’s $75 million haul.
The $58.7 million of McIngvale’s winnings last year that originated at Louisiana sportsbooks sent the Pelican State to the largest single monthly loss of any state in the post-PASPA era at sizable dent in that total in September after claiming a record $6.8 million.
