$3.5 million bet on Astros to win World Series
- Thread starter kickserv
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he's just hedging against the 15 million he stands to lose with his furniture promotion.
I wish I could get the +220 he did....my offshore had +130, friggin disgusting....
I wish I could get the +220 he did....my offshore had +130, friggin disgusting....
Yep, I live in Houston area and he had a promotion if astros win WS you get your mattress if you spend more than 3K on furniture and a mattress you get your mattress free
shop around. local casino here had +210 yesterday.
and i wagered slightly less than $3.5M.
Me to
Me to
ooops! that was a $350.00 wager. I know of a guy who wagered $1,000,000 on a single Roulette spin and won. He needed to get special permission for that wager from the casino. Oh yea I did bet over a couple million $$ on a bet once. It was my marriage of 20 years ago. I have been blessed with a wonderful wife, so I will not lose my money to alimony.
Me to
ooops! that was a $350.00 wager. I know of a guy who wagered $1,000,000 on a single Roulette spin and won. He needed to get special permission for that wager from the casino. Oh yea I did bet over a couple million $$ on a bet once. It was my marriage of 20 years ago. I have been blessed with a wonderful wife, so I will not lose my money to alimony.
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Mattress Mack after losing $11M on Astros' World Series loss: 'I would do this again tomorrow'
Jack BaerYahoo Sports Contributor,Yahoo Sports?October 31, 2019
Some Houston Astros fans lost more than others in the 2019 World Series.
Many only had to eat the disappointment of losing a World Series in which they were the heavy favorites and had two chances to put the Washington Nationals away. A few had money or other bets riding on the result. But none were in the hole quite like a certain mattress salesman.
Jim McIngvale, the 68-year-old owner of a Houston-area furniture chain now widely known as ?Mattress Mack,? saw more than $11 million in bets on the Astros to win the World Series turn to dust on Wednesday.
How much money did Mattress Mack lose on the Astros?
By The Action Network?s count, McIngvale had placed $11,961,000 on the Astros at different times throughout October in three different states, with his profits totaling $19,641,391 if the Astros took the trophy home. A similar, but much smaller, series of bets paid off for Mack in 2017, but not this time.
And yet, with sportsbooks officially gobbling up millions from his bank account, McIngvale told Darren Rovell of The Action Network he didn?t mind the gambling loss at all.
?My mattresses obviously had profit baked into them. I would do this again tomorrow ? and I probably will. It?s fun to be part of the greatest story in gambling history,? McIngvale said after the Astros? loss.
Of course, there is a good reason for McIngvale to be fine with the result. A win could have cost him even more.
Why Mattress Mack made all those bets
As it turns out, ?Mattress Mack? doesn?t just make bets with sportsbooks. He makes them with customers as well.
In the spirit of supporting the home team, McIngvale presented an interesting offer at all his stores. If the Astros win the World Series, all purchases of more than $3,000 at his stores during the season are refunded.
McIngvale?s bets are actually a hedge against what he says were $20 million in liabilities if the Astros had won it. There might be better ways of avoiding losing millions of dollars, but you have to admit, very few are this fun.
?I feel like I hedged perfectly,? McIngvale said to The Action Network. ?The worst my customers got were great mattresses, the best would have been great, free mattresses. I would have loved for the Astros fans to win, but we had two bad games.?
We?ll see if McIngvale is as confident in the Astros next season. Something tells us he will be.
Jack BaerYahoo Sports Contributor,Yahoo Sports?October 31, 2019
Some Houston Astros fans lost more than others in the 2019 World Series.
Many only had to eat the disappointment of losing a World Series in which they were the heavy favorites and had two chances to put the Washington Nationals away. A few had money or other bets riding on the result. But none were in the hole quite like a certain mattress salesman.
Jim McIngvale, the 68-year-old owner of a Houston-area furniture chain now widely known as ?Mattress Mack,? saw more than $11 million in bets on the Astros to win the World Series turn to dust on Wednesday.
How much money did Mattress Mack lose on the Astros?
By The Action Network?s count, McIngvale had placed $11,961,000 on the Astros at different times throughout October in three different states, with his profits totaling $19,641,391 if the Astros took the trophy home. A similar, but much smaller, series of bets paid off for Mack in 2017, but not this time.
And yet, with sportsbooks officially gobbling up millions from his bank account, McIngvale told Darren Rovell of The Action Network he didn?t mind the gambling loss at all.
?My mattresses obviously had profit baked into them. I would do this again tomorrow ? and I probably will. It?s fun to be part of the greatest story in gambling history,? McIngvale said after the Astros? loss.
Of course, there is a good reason for McIngvale to be fine with the result. A win could have cost him even more.
Why Mattress Mack made all those bets
As it turns out, ?Mattress Mack? doesn?t just make bets with sportsbooks. He makes them with customers as well.
In the spirit of supporting the home team, McIngvale presented an interesting offer at all his stores. If the Astros win the World Series, all purchases of more than $3,000 at his stores during the season are refunded.
McIngvale?s bets are actually a hedge against what he says were $20 million in liabilities if the Astros had won it. There might be better ways of avoiding losing millions of dollars, but you have to admit, very few are this fun.
?I feel like I hedged perfectly,? McIngvale said to The Action Network. ?The worst my customers got were great mattresses, the best would have been great, free mattresses. I would have loved for the Astros fans to win, but we had two bad games.?
We?ll see if McIngvale is as confident in the Astros next season. Something tells us he will be.
