Darren Rovell. Jim “Mattress Mack” McIngvale poses with a fan.
By now you probably know the story of Jim “Mattress Mack” McIngvale, the 68-year-old furniture mogul and philanthropist who has spent the better part of October placing huge bets on his beloved Houston Astros to win the World Series.
McIngvale told The Action Network he placed “more than $13 million” in bets on the Astros to win the World Series — and if they had emerged from the Fall Classic victorious, those wagers would’ve profited around $25 million.
Mack did this, in part, as a hedge against a promotion he was running at his Houston-area furniture stores that would’ve had to refund more than $20 million in purchases if Houston won the World Series.
But, of course, the Astros did not win it all, losing in brutal fashion in Game 7.
Here’s the blow-by-blow of how McIngvale managed to wager more than $13 million in a month’s time, including up-close access as Mack flew to from Houston to the legal gambling locales of Las Vegas, Mississippi and New Jersey.
Tuesday, Oct. 1
McIngvale has officially placed his $3.5 million bet on the Astros to win the World Series. The DraftKings Sportsbook at the Scarlet Pearl Casino in Biloxi, Miss., accepted the bet.
It’s believed to be one of the biggest single wagers ever accepted in the U.S.
McIngvale got +220 on the bet, so he would profit $7.7 million if the Astros end up winning the World Series.
Wednesday, Oct. 2
Mattress Mack does it again: A day after placing a $3.5 million wager on the Astros to win the World Series, he bet another $1.5 million at FanDuel Sportsbook in New Jersey. McIngvale got +220 odds on this bet, as well, meaning he’s bet $5 million total on the Astros and if they win the World Series, he’ll profit $11 million.
Fun fact: Mattress Mack placed the wager on his mobile device. Talk about a big wire transfer…
Wednesday, Oct. 9
4:55 p.m. ET: McIngvale is back for more. He just wagered $504,000 to win $200,000 on the Astros to win Thursday’s Game 5 of the ALDS against the Tampa Bay Rays. The bet, which was placed at Circa Sports in Las Vegas, was first reported by VSiN’s Paul Howard and confirmed to The Action Network by Circa representatives.
This bet, since it’s just on the Astros to advance, isn’t a direct hedge against the promotion, but it’s another way McIngvale is trying to protect himself against his potential liability.
Back on Oct. 1, when Mattress Mack placed his initial $3.5 million wager on Houston to win the World Series, he told The Action Network, “My liability is a little bit north of $15 million. So I still have other bets to place.”
Thursday, Oct. 10
3:55 p.m. ET: Can the Rays, whose starting lineup cost less than five times what the Astros lineup does, pull a huge upset vs. Houston tonight? One bettor in Vegas is extremely confident that won’t happen: William Hill took a $1 million bet on the Astros this afternoon ON ITS APP.