Jim McIngvale, aka Mattress Mack, is a Houston, Texas legend that has just upped his status in the sports betting world with the biggest payout in sports betting history.
Mattress Mack is well known around Houston for his blowout mattress deals and guarantees, but he is also known as an avid bettor on all things Houston. While he has lost plenty of bets, he has just put his stamp on the industry with a $72 million-dollar winning bet/payout on the Houston Astros to win the World Series.
How The Bet Went Down
Since most USA sportsbooks limit the amount you can wager, Mattress Mack had to place several bets to achieve the 72 million dollar payout. Reports state that Mack’s biggest gamble was placed at Caesars sportsbook in May, where he wagered $3 million at 10-1 odds. That bet alone won him $30 million, but he also placed similar seven-figure wagers at other sportsbooks.
Over the weekend, the Houston Astros won the World Series in six games after the Philadelphia Phillies went cold after leading the series two games to one. Over the years, Mattress Mack has bet numerous times on the Astros and other Houston teams, often paired with a promotion at his retail store Gallery Furniture.
Bets Paired With In-Store Promotions
This year’s Gallery Furniture promotion was entitled “2022 Astros Win It All, Get It All” and was extended to any customer who spent $3,000 or more on Tempurpedic, Sterns & Foster, or Sealy mattress sets.
Customers had to purchase during the promotional period to receive the promotion, and the Astros had to win the World Series. The customers who bet with Mattress Mack will receive their purchase price back and essentially win a free mattress set.
Online Sportsbook Payouts
Most payout limits are nothing to worry about, but they can deter some high rollers. Online sports betting sites typically max their payouts to ensure they can stay in business. Our favorite sports betting site Bovada has a max payout of $250,000 for a sports bet. Other online sportsbooks have similar payout restrictions to protect their assets.
Domestic casinos typically have higher payout limits on sports bets but have less favorable odds in most cases.
More Promotions On The Horizen Tied To Sports
The Mattress Mack promotion has started a chain of events that target US sports bettors and consumers. The newest promotion we have seen is from TV giant Hisense. Hisense is currently running a promotion tied to the US men’s soccer team qualifying for the 2022 World Cup Finals. Below we have listed the promotional offer for anyone looking to take that bet and win a big-screen TV from Hisense.