‘Mattress Mack’ Says He Has More Than $7.25M in World Series Bets on Astros

Oct 18, 2019 03:20 PM EDT
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DraftKings. Pictured: Jim McIngvale aka “Mattress Mack”

  • During the MLB Playoffs, Darren Rovell will be tracking all of the interesting betting activity taking place in Las Vegas, New Jersey and beyond.

Friday, Oct. 18

3:20 p.m. ET: The Houston Astros are one game away from the World Series, but “Mattress Mack” isn’t relaxing.

The owner of Houston-based Gallery Furniture is on his last day of giving full refunds to customers if the Astros win the World Series and his liability is approaching $20 million we’re told.

And he’s in the office.

“It’s going crazy in here,” he yells into the phone.

Unable to get insurance, we’ve tracked “Mattress Mack” making $7.25 million in bets on the Astros to win the World Series with a payout of $14.8 million if they won.

“I’m not gonna tell you how much I’ve bet, but it’s more than that,” Mack, whose real name is Jim McIngvale, said. “Hey, can you put my cell phone in the article? So that bookmakers can call me?”

 

On Saturday and Sunday, “Mack” said Gallery Furniture’s promotion will go from giving a full refund for purchases to customers getting 50% off.

For all intents and purposes, Mack has already covered his liability. According to Apex Marketing Group, he’s gotten $5.1 million in value from the media coverage of his bets.

Wednesday, Oct. 16

12:15 p.m. ET: The Washington Nationals completed their NCLS sweep of the St. Louis Cardinals on Tuesday night, advancing to the World Series.

Back in May, the Nats were in last place, and books saw significant action on their World Series and NL pennant odds. According to William Hill director of trading Nick Bogdanovich, the book got smoked last night when the Nats advanced. Here are the biggest NL pennant bets William Hill paid out:

William Hill also has significant liability on Nationals World Series futures. Here’s a rundown of the tickets still in play at the book, with multiple bettors who would profit six-figures if Washington goes on to win:

 

12 p.m. ET: New Jersey operator PointsBet took a bath when the Nats advanced to the World Series. It had a customer who put $133,000 last week on a parlay of the Nats to win the NL and the Texans +6.5 versus Kansas City. Houston easily covered the number on Sunday and when Washington advanced, this bettor profited $233,000.

Tuesday, Oct. 15

5:45 p.m. ET: Yesterday, a $500,000 bet on the Astros to win the World Series circulated on Twitter. It came a day after Houston tied up the ACLS vs. the Yankees at one game each, and seemed to be the work of Jim “Mattress Mack” McIngvale, the Houston furniture store owner who has more than $15 million in liability from promotions if the Astros win another ring.

This afternoon, I was indeed able to confirm that McIngvale was the bettor who placed the wager at Circa Sports in Las Vegas. He got +210 odds, so this particular bet would profit $1,050,000 if Houston wins.

Below is a running tally of all the bets that we’ve been able to confirm Mattress Mack has placed on the Astros to win the World Series. McIngvale also wagered $1,504,000 on Houston to win Game 5 of the ALDS, which profited him $584,615.40.

4:40 p.m. ET: Another day, another massive wager on the Astros to win the World Series from Jim “Mattress Mack” McIngvale. The Houston furniture store owner plopped down $500,000 on Houston at +160 odds, as Patrick Everson first reported. The bet would profit $800,000.


Sunday, Oct. 13

3:15 p.m. ET: Jim “Mattress Mack” McIngvale isn’t done getting action down on his beloved Houston Astros.

McIngvale, the famed Houston furniture owner who is attempting to hedge $15 million in promotions he’ll have to pay out if the Astros win the World Series, put another $250,000 on Houston to win the World Series at Unibet. This bet, one of many he’s made over the past few days, would pay out $750,000.

That brings Mattress Mack’s total investments to $6.25 million. If Houston wins, he’d profit $12.95 million. (And remember, he already pocketed $584,615.40 from wagers placed on the Astros in Game 5 of the ALDS.)

The Mattress magnate isn’t the only big bettor getting down big money on baseball today. CG Technology reported that they took a pair of $20,000 bets from the same bettor on the Cardinals to win the NLCS. The $40,000 bets would pay out $179,000.


Saturday, Oct. 12

10:05 a.m. ET: A day after winning nearly $600,000 on the Astros in Game 5 of the NLDS, McIngvale flew to New Jersey to put even more on Houston’s title odds.

Unibet, a long-time European operator that recently moved into the New Jersey market in June 2019, took two separate $500,000 mobile wagers from McIngvale on the Astros at +120 odds. The bets were placed from Teterboro Airport in New Jersey on Friday night.

Those winnings would nearly cover his liability from the promotion, which he told The Action Network was a little bit more than $15 million.

Jonathan Aiwazian, VP of Unibet’s Sportsbook, said this was the largest wager the book had taken since opening its U.S. operations, adding, “It took a few days to figure out the logistics (he needed to travel to NJ), but we enjoyed chatting with him every step of the way. Jim was happy to take the odds we had live, and we wish him luck with this bet.”


Thursday, Oct. 10

10:25 p.m. ET: The Houston furniture store mogul who is hedging his promotion that would give away $15 million worth of free furniture by betting on the Astros made some money back on Game 5 tonight.

The man they call “Mattress Mack” first bet $504,000 on Game 5 at Circa in Las Vegas and followed it up Thursday with a $1 million bet at William Hill.

William Hill spokesman Michael Grodsky confirmed after the Astros won that it was indeed Jim McIngvale, aka “Mattress Mack,” who placed the $1 million Game 5 wager we reported on earlier today.

The result of risking $1,504,000? A cool $584,615.40 in profit.

Mattress Mack has many bets pending on the Astros to win the World Series, including a $3.5 million wager at a DraftKings book in Mississippi and $1.5 million at FanDuel in New Jersey. Those two bets would net him $11 million if the Astros do in fact win it all.

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. At -260 odds, it would net $385,000 if they prevail. William Hill spokesman Michael Grodsky would not confirm or deny if the bet was placed by Mattress Mack.


Wednesday, Oct. 9

7:25 p.m. ET: The Dodgers onslaught continues at the Westgate Las Vegas SuperBook. Yesterday evening, we reported on two back-to-back wagers of $50,000 and $25,000 on LA to beat the Nationals outright tonight on Game 5. And an hour before pitch, another $25K bet came through — this one at -167 odds, meaning it’ll net nearly $15,000 if the Dodgers and Walker Buehler go on to close out the series tonight.

SuperBook executive director John Murray told The Action Network that they’ve been able to get a little Washington action to level off their Dodgers liability, but, “We still need the Nationals tonight.”

4:55 p.m. ET: Jim “Mattress Mack” McIngvale — the Houston furniture store owner who’s already bet $5 million on his hometown team to win the World Series — is back for more. He just wagered $504,000 to win $200,000 on the Astros to win Thursday’s Game 5 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.

McIngvale had placed the previous $5 million in wagers (to profit a total of $11 million) as a means of hedging a large promotion he’s been running at his Houston furniture stores, which would refund large purchases if the Astros win the World Series.

This bet, since it’s just on the Astros to win the World Series, 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.”

11:00 a.m. ET: After a flurry of five-figure Game 5 bets on the Dodgers on Tuesday night, it’s clear the SuperBook in Las Vegas will be big Washington fans for tonight’s game. New Jersey operator PointsBet will have similar needs, as the $315,000 series bet it received on L.A. prior to Game 1 represents the book’s biggest MLB series liability. PointsBet would have to pay out nearly $150,000 if the Dodgers come through.


Tuesday, Oct. 8

10:23 p.m. ET: It took less than 30 minutes for the SuperBook to take another five-figure wager on Walker Buehler and the Los Angeles Dodgers in Game 5. This one was from a different customer and for $25,000 at -160 odds (profits $15,625).

9:57 p.m. ET: The Westgate Las Vegas SuperBook just took a $50,000 bet on the Dodgers to win Game 5 on Wednesday vs. the Nationals. Placed at -152 odds, this wager would profit nearly $33K.


Monday, Oct. 7

10:10 a.m. ET: Just got word of a huge bet on the Dodgers to win their NLDS series against the Cardinals that came in prior to Game 1. A customer at PointsBet put $315,000 on the Dodgers at -213 odds.

The wager would profit $147,887 if the Dodgers advance.


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…

DraftKings. Pictured: Jim McIngvale aka “Mattress Mack”

Tuesday, Oct. 1

The famed Houston furniture store owner Jim “Mattress Mack” 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.

His wager is a partial hedge of a big promotion he’s running at his stores, in which customers would get refunds on purchases of $3,000 or more if the Astros go on to win the World Series.

McIngvale got +220 on the bet, so he would profit $7.7 million if the Astros end up winning the World Series.

Read our exclusive interview with Mattress Mack.

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