'Mattress Mack' Hit With $6.9 M Loss Backing Houston Astros

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A respected legal sports betting figure has suffered a heavy loss.


Jim "Mattress Mack" McIngvale has lost at least $6.9 million following the 11-4 loss on Monday night versus the Texas Rangers in the American League Championship Series.


McIngvale, who is notorious for large wagers, might have taken roughly $43.4 million from different retail sportsbooks and online betting websites if the Astros had recorded the World Series, according to Reuters.


Despite the loss, the Astros have actually prospered for McIngvale. In 2015, the Texas furnishings salesperson won approximately $75 million when the Astros clinched the 2022 World Series.


As a result of the win, McIngvale was released the "largest payment on a single sports bet in legalized sports wagering history," according to Caesars Sportsbook. McIngvale, who had action throughout several sportsbooks, wagered $3 million at 10/1 chances on the Astros to win the World Series. His action at Caesars would win him a record $30 million for a single sports wager.


PENN Entertainment's Barstool Sportsbook, which is soon to be rebranded to ESPN Bet, likewise took a huge hit from a McIngvale wager. The operator paid McIngvale $10 million following a $2 million wager. Other sportsbooks that paid the salesman included BetMGM and WynnBet.


McIngvale's affinity for wagering has likewise equated to increased reach for his furnishings company.


"It's everything about making furniture-buying more intriguing for the consumers. So it's a win-win for the neighborhood and a win-win for us," the salesperson informed NPR earlier this year.


Not just baseball


McIngvale has actually also placed large wagers on America's most popular professional sports league - the NFL. In February 2022, McIngvale placed approximately $9.5 million worth of wagers on the Cincinnati Bengals to win Super Bowl LVI versus the Los Angeles Rams at SoFi Stadium.


The Rams would defeat the Bengals 23-20 in front of 70,000 fans. Mack's action on the Bengals would have won him $16.2 million as the Bengals went into the contest as small underdogs.