Houston, we have a problem. If the Astros don’t win the World Series, a man in Texas could be out millions.
Jim ‘Mattress Mack’ McIngvale isn’t just a big-time fan of the Houston Astros but he’s banking on them to win the whole MLB she-bang.
The furniture tycoon reportedly wagered $3.3 million on the Astros beating the Atlanta Braves. He is believed to have placed the bet in Indiana back in June at four separate sportsbooks, including a $2-million bet on the William Hill app.
If the Astros win, the total payout would be $35.6 million. The William Hill bet alone would be $22 million, which would reportedly be the largest single payout in U.S. sports betting history, according to William Hill, the global online gambling company which was acquired by Caesars Entertainment in April 2021, reported Action Network .
Or he could be down a few million. In fact, more than a few.
Ontarians can now place legal bets on single sports events
Canada single-game sports betting bill passes Senate
DraftKings aiming to become king of online sports betting
Mattress Mack told the Houston Chronicle that his big bets partially offset a promotion he offers at his Gallery Furniture stores. If customers spend more than $3,000 on mattresses, they get their money back if the Astros win the World Series.
He estimated that the promotion would cost him $20 million on mattress rebates, meaning he would net $15.6 million with an Astros win.
This isn’t his first exorbitant bet. In February, he won $2.72 million on a Super Bowl wager, in which Mattress Mack placed $3.46 million on the Tampa Bay Buccaneers to cover the 3.5 point spread. The Bucs won, crushing the Kansas City Chiefs 31-9.
In 2019, McIngvale risked about $15 million, betting that the Astros would beat the Washington Nationals in that World Series. The Astros lost that series in seven games.
McIngvale threw out the ceremonial first pitch before the Astros’ first playoff game on Oct. 7, where they beat the Chicago White Sox a 6-1.
The Astros currently have the second-best odds to win the World Series, according to Caesars Sportsbook. Game 1 kicks off Tuesday night in Houston.