FOX sports betting analyst
On Thursday night, Jim McIngvale headed to Las Vegas. And when he got here, he decided he needed a little money, like most people do when they hit the Vegas Strip.
But unlike most people, he didn’t have to find the ATM. Instead, his cash was waiting for him in some vaults at two of the biggest sports betting operators.
Oh, and it was a little more than money. It was a sportsbook payout record for World Series bets.
Break the bank
McIngvale, the Houston furniture store owner better known as Mattress Mack, was in Vegas to take his winnings from betting on his favorite Houston Astros in the World Series odds market. Specifically, he cashed a ticket with BetMGM on a $2 million bet at 5-1 odds and took home the big payout on his $3 million bet at 10-1 odds with Caesars Sports.”
“We started at MGM, got the big check [at Aria] for 10 million dollars. Then we went to Caesars Palace and got the big check for $30 million,” Mack said by phone Friday morning. “Then at 3am BetMGM were good enough to open it [casino] cage and get the $10 million in cash. We did some promotion with it, then gave it to an armored truck company. They took it and credited it to our bank account.”
As Mattress Mack has done in previous years, he is running a bedding promotion at his furniture store. Customers who participated in the promotion, with a purchase of at least $3,000, would get their money back if the Astros won the World Series. Customers who entered the promotion early in the MLB season would get double their money back.
To offset his promotion liability, McIngvale placed the aforementioned bets, along with a few more $1 million games — $10 million in bets in total — on other sportsbooks. The next step for Mattress Mack is to earn that $75 million to all of its customers. A total of 7,000 customers participated.
Sweating it out
As exciting as it would be for almost everyone else, the one thing McIngvale wanted less was a Game 7 in the World Series. With the Phillies leading 1-0 in the middle of the sixth inning of Game 6, this became more concerning.
“Knowing that the Phillies were comeback kings, with so much money going on them, I was hoping the Astros could finish it off in Game 6,” McIngvale said. “It was a great game. The Astros were down 1-0, then Jordan Alvarez hits a triple. My store is about 11 miles north of the ballpark. He hit the ball so hard, it almost ended up in my parking lot.”
Of course, this is a slight exaggeration, but it eventually flew over the center wall. Houston led 3-1, added another run in the bottom of the sixth and held on for a 4-1 victory that gave the Astros a 4-2 series victory. And a big payday for McIngvale.
The next big bet
With his success this year and 2023 World Series odds already on the betting board, McIngvale is sure to be at it again. At Caesars Sports, the Astros are the second +550 pick to win next season’s championship, behind only the +500 (5-1) Los Angeles Dodgers. Houston is also second on the FOX Bet odds table, currently at +650 to win it all.
“I’ve already started the promotion. If you spend $3,000 or more, double your money back,” he said. “I haven’t bet on the Astros for next season yet, but I will soon enough. The Astros have been in the ALCS six years in a row, so they have a very good chance to make another run at We’ll see how they reload for next year.”
And we’ll see if Mattress Mack reloads next fall with another cart full of cash.
Patrick Everson is a sports betting analyst for FOX Sports and a senior reporter for VegasInsider.com. He is a distinguished journalist in the national sports betting arena. He is based in Las Vegas, where he enjoys golfing in 110 degree heat. Follow him on Twitter: @PatrickE_Vegas.
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