Last updated on: February 13th, 2024
Who Is Mattress Mack?
Jim “Mattress Mack” McIngvale is a furniture store owner from Texas who happens to also be one of the most successful and well-known sports bettors of all time. Mattress Mack’s betting history is centered around being a high-rolling bettor who owns the largest sports betting payout of all time, with his $10 million futures bet on the 2022 Houston Astros to win the World Series paying the mattress mogul over $75 million. How McIngvale got to the point of winning $75 million on one bet will be outlined throughout this page, along with his background and other notable wagers all detailed and all other things Mattress Mack gambling. Also included are some of the top legal sports betting sites that allow players to bet like Mattress Mack.
Sports That Mattress Mack Likes To Wager On:
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Mattress Mack Bets Big On TCU In 2023 CFB National Championship
To no surprise, Mattress Mack got in on the action at college football playoff sportsbooks for the 2023 season. To even less of a surprise, he bet on the team that residents in the state of Texas. Mack put $1.5 million on the TCU Horned Frogs to take down the Georgia Bulldogs during the National Championship. Even though the upset did not take place, Mack did not lose entirely. Along with most of his big wagers, Mack offered customers of Gallery Furniture 2X their money back if TCU won the game and they spend at least $3,000 on furniture. This promotion may not match the bonuses at legal sports betting sites, but was still a great way for customers to get in on the action and for Mattress Mack to generate some business.
Mattress Mack Wins $75 Million On 2022 World Series
Mattress Mack bet wagered on the Houston Astros to win the 2022 World Series periodically throughout the 2022-23 season. Eventually, the total McIngvale wagered on the 2022 Astros reached $10 million. Since his bets were placed periodically, he was able to secure odds at roughly +750 through many different sportsbooks accepting US players. The Astros overcame a 2-1 deficit over the Philadelphia Phillies and won the World Series, with Mattress Mack getting paid $75 million large. Mattress Mack’s net worth helped him place the bet, although the real key was the promotion his business ran regarding the Astros winning the World Series. Customers at his Gallery Furniture stores received $10,000 back on all purchases of $5,000 or more if the Astros won, with Mack’s $75 million in winnings helping to cover the losses that his business suffered as a result of the promotion.
How Did Mattress Mack Make His Money?
Jim “Mattress Mack” McIngvale did not make his fortune through legal Texas sports betting, at least not originally. McIngvale accumulated his net worth of $300+ million through his Gallery Furniture store, which he started back in 1981, with just $5,000 in inventory and his truck to transport the furniture. Since then, McIngvale has grown his Gallery Furniture store brand to now three large showrooms throughout the greater Houston area, with the chain reportedly earning nearly $200 million in revenue per year.
Mack Speaking AT SBC Summit 2022
During the third annual SBC Summit event, McIngvale’s opinion on US legal sports betting was shared, as he supported the growing market. However, he talked about how he believes regulated books should shy away from continuous promotional play and should change the focus to highlighting bettors who win. He also talked about his issue with these sportsbooks having betting limits that do not allow everyone to wager and win big.
Mattress Mack Takes The Titans In 2022
As the NFL season wound to a close, the Tennessee Titans were the number one seed in the AFC. Mack put $700,000 on them to win the Super Bowl, but the Titans proceeded to lose their first playoff game, becoming the first top seeded team to lose immediately since 2010. Yikes.
Mattress Mack Backs The Tide And Loses Big
Mattress Mack put money on the Alabama Crimson Tide to win the College Football Playoff, and as the game got closer, he put more and more money on them. The Tide, of course, lost to the Georgia Bulldogs, stymied by arguably the best college defense of the decade, and Mattress Mack lost more than $6 million on the wager.
Mattress Mack Betting On 2022 Kentucky Derby
Mattress Mack bet over one million dollars on Epicenter to win the 148th running of the Kentucky derby. As soon as Mack made his bet the odds for Epicenter moved to 9/2. Jockey Joel Rosario (15 Breeders Cup wins) will be atop the 3 year old colt. The pair will be starting from the 3rd gate which has produced 5 derby winners. Trainer Steven Asmussen is looking for his 4th Triple Crown win and his first Kentucky Derby winner.
Epicenter is looking to break one million in career earnings as he sits at $940,000 in cash won. Add it all up and it makes since why Mattress Mack put over a million on Kentucky Derby betting.
Mattress Mack Betting On 2022 March Madness
The sports gambling legend Mattress Mack struck again betting on March Madness. Mack went into the tournament feeling very strongly about the East Region and placed a $1 million dollar bet on any from that quadrant to win the tournament that would pay out $2.16 million. The East Region featured the Baylor Bears (1 seed) and Texas Longhorns (6 seed), who are both located in Mack’s state of Texas, which he tied into his promotion. The promotion offered by the owner and CEO of Gallery Furniture for this bet was that if his bet hit, any customer who spent at least $3,000 at his store would get their money back. The promotion was only valid if either of the teams from Texas in the East Region won the title. The University of North Carolina knocked off Baylor en route to a surprise appearance in the National Championship game as an eighth seed.
Once Baylor and Texas were knocked out of the tournament, Mack decided to test his luck again, but this time before the Final Four stage. Mattress Mack bet $3.3 million dollars on the Kansas Jayhawks to win the National Championship game at +190 odds to win $6.27 million!
The Mattress Mack Betting Curse
While Mattress Mack remains in the green on his betting endeavors, he has been on quite the cold streak following Super Bowl 55 back in 2021. Since then, he has gone a shaky 2-5 on all his bets, however, being that he knows when to bet big, he has profited $73.5 million in that span. Those bets include:
- $1 Million on Houston to win 2021 March Madness (Loss)
- $4 Million on Essential Quality to win 2021 Kentucky Derby (Loss)
- $6.2 Million on Alabama to win 2022 National Championship (Loss)
- $700k on Tennessee Titans to win Super Bowl LVI (Loss)
- $2 Million on New England Patriots to win Super Bowl LVI (Loss)
- Won $15 Million on Kansas Jayhawks to win 2022 March Madness
- Won $75 Million on Houston Astros to win 2022 World Series
Mattress Mack Bets $9.5M On Bengals In SB 56
Caesars Sportsbook took a series of wagers totaling $4,534,000 from Mattress Mack on the Cincinnati Bengals in early February that will payout more than $7.7 million if the underdog won. This is not the first time that Mack has placed a wager in the millions. However, Mack continued his Super Bowl betting craze and laid another $5 million on the Bengals just before SB LVI kicked off. Though the $16.2 million wasn’t won, Mack’s SB 56 bets are in the record books for the largest online sports bet placed.
Mattress Mack Betting Against The Kansas City Chiefs
When thinking about sports betting Mattress Mack stories, it is hard to forget about his history against Kansas City. Of course, this includes him betting on one of the most historic games in NFL postseason history. The Kansas City Cheifs and the Houston Texans had a game to play that determined who will go to the AFC championship and Mack just knew that the Chiefs would lose and placed a huge bet on the Houston Texans. Texans had Mack feeling pretty good after jumping out to a 24-0 lead. Even with the 24-0 lead, the Cheifs found a way to continue to score and come back and win the game. Even after this game, Mack still didn’t believe in the Chiefs and bet against them again on the following weekend when playing against the Tennessee Titans. The Chiefs ended up winning that game and Mattress Mack’s betting history recorded another loss surrounding Kansas City.
Mattress Mack’s Super Bowl LV Wagers
On three major stages, the Chiefs got the best of McIngvale, whose marketing genius has gotten him in continual spotlight. In 2021, nothing changed, as Mattress Mack dropped $3.4 million on the Tampa Bay Buccaneers to cover the spread (+3.5) against the KC Chiefs in Super Bowl LV. This monster bet from McIngvale was placed at DraftKings Sportsbook as he was on his phone in Colorado Springs. Mattress Mack is one of the largest legal Super Bowl betting players and despite his losses, he still finds ways to come out on top.
Mattress Mack’s Super Bowl LIV Wagers
Despite being burned betting against the Chiefs twice already, McIngvale once again bet $1 million against them. He tied this Super Bowl bet into another promotion for his stores similar to what he did with the Astros, offering money-back guarantees to customers who purchased at least $3,000 worth of furniture if the 49ers won the game. Instead, the Chiefs once again rallied to win 31-20. Despite going 0-for-3 on his NFL postseason bets, McIngvale has given no indication that he plans to stop betting any time soon. As the betting history of Mattress Mack has shown us, he is not scared of a losing wager.
Mattress Mack Astros World Series Promotion
When the Houston Astros defeated the New York Yankees in six games to advance to the 2019 World Series, Mattress Mack saw an opportunity for a lucrative promotional deal. If the Astros won the World Series, he announced, all customers who purchased at least $3,000 worth of furniture from his store, Gallery Furniture, would receive a full refund.
McIngvale made the creative decision to use sports wagering as a form of insurance on his promotion. This famous sports bettor made a series of bets on the Astros in three different states, totaling $13 million. If these bets won, the estimated $12 million in additional winnings from his bets would cover his projected losses from the promotion.
This type of promotional insurance has become an annual tradition when it comes to Mattress Mack gambling, and some experts have intoned that it may become common practice for business owners as an alternative to traditional insurance. McIngvale had a similar promotion during the 2017 World Series, which the Astros won. He attributed $15 million in sales directly to the promotional offer and buoyed the high-profile bet into an official partnership with the team.
Mattress Mack Strikes Again At 2020 World Series
Mattress Mack continued his massive betting streak in another major sporting event in the 2020 World Series when the Washington Nationals defeated the Houston Astros. Unfortunately for Mattress Mack betting history, he took the Astros to win the World Series on a $3 million bet at 10 to 1 odds and again with a $1 million bet while they sat at 12 to 1 odds.