Businessman ‘Mattress Mack’ Bets $5 Million On Houston Astros To Win 2019 World Series

This story has been updated.
A renowned businessman from Houston, Jim “Mattress Mack” McIngvale, placed the largest single wager in the brief history of Mississippi sports betting on Oct. 1. McIngvale placed a $3.5 million wager on the Houston Astros to win the World Series at the DraftKings Sportsbook inside Scarlet Pearl Casino in Biloxi.
Jim McIngvale was given the nickname “Mattress Mack” because he owns a furniture store that has a unique mattress promotion. For much of the Major League Baseball season, he offered a refund to customers who spend $3,000 or more on mattress-related purchases if the Astros win the World Series. The popular promotion racked up approximately $15 million in sales.
He’s using this wager on this Astros wager, in part, as a hedge against the promotion. While insurance might help recoup some of the $15 million in furniture purchased, it won’t cover everything. If the Astros win the World Series, the $7.7 million won from this wager will certainly help offset the promotion expense.
Two days later, McIngvale flew to New Jersey and put down another $1.5 million on the Astros at FanDuel Sportsbook. It is the largest single wager accepted in the state to this point. At the time of the wager at DraftKings, the odds were +220 on the Astros to win the World Series. “Mattress Mack” will win $7.7 million if the Astros win the title. He’ll actually walk away with $11.2 million as he will also recoup the original $3.5 million. The Astros odds were also +220 on FanDuel at the time McIngvale made his bet on Thursday. The $1.5 million bet would pay $4.8 million total.