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Sunday, June 16, 2024

How Mattress Mack Earned Historic Betting Payout

  • McIngvale spread $10 million in Astros World Series futures across multiple sportsbooks.
  • The $75 million payout is reportedly the largest in legal sports betting history.
Thomas Shea-USA TODAY Sports

Famed sports bettor and furniture salesman Mattress Mack has completed what is believed to be the biggest legal bet in sports betting history.

With the Astros’ World Series win on Saturday, Jim “Mattress Mack” McIngvale cashed in on a payout of $75 million from various sportsbooks.

McIngvale put down a combined $10 million at multiple sportsbooks for the Astros to win it all. He received different odds at each book — with the ultimate combined odds coming out to about +750.

The 71-year-old famously uses his high-profile sports bets to subsidize sales at his Houston-area furniture stores.

As part of this specific promotion, all qualified customers who purchased $3,000 or more on select mattresses before the season will be getting their money back.

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McIngvale’s biggest single bet was placed with Caesars Sportsbook: $3 million at +1000. The $30 million payout is reportedly the largest for a single sports bet in legalized wagering history.

“What can we say? We just wrote the biggest check in sports betting history to Mattress Mack for $30,000,000,” Caesars Digital COO Ken Fuchs said in a statement. “Would we do it all again? You bet.”

Fuch’s statement also jokingly reminded McIngvale that the Houston Texans and Rockets are “both attractively priced at +100000 to win a championship.”

McIngvale, Caesars, and Tempur-Sealy also teamed up to donate mattresses to first responders, military vets, and active duty military members.

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