Mattress Mack won big after betting on the Houston Astros, winning $75 million, the largest sporting bet in history, and he's giving that money back to his customers. FOX 26's Natalie Hee speaks with customers waiting in line for their refund at the store and Mattress Mack himself.
Jim "Mattress Mack" McIngvale, owner of Gallery Furniture in Houston, won approximately $75 million off $10 million in bets on the Astros to win the World Series. It's believed to be the largest payout in American sports betting history, with the bulk of the haul coming from Louisiana sportsbooks.
The Houston-based furniture store owner, political donor, and philanthropist has lost nearly $10 million betting against Georgia the past couple of seasons. In January of 2022, Mattress Mack dropped $6.2 million on the Alabama Crimson Tide to beat Georgia in the College Football Playoff National Championship.
In the last two National Championships, the Houston furniture store owner has lost a whopping $9.2 million. "Mattress Mack" placed a cool $6.2 million on Alabama to defeat Georgia in the 2022 national title game and TCU to pull off the massive upset over Georgia on Monday night. $6.2M wagered on Alabama last year.
In the last two National Championships, the Houston furniture store owner has lost a whopping $9.2 million. "Mattress Mack" placed a cool $6.2 million on Alabama to defeat Georgia in the 2022 national title game and TCU to pull off the massive upset over Georgia on Monday night. $6.2M wagered on Alabama last year.
"Mattress Mack" made his bet for the single-biggest payout in legal sports wagering history in Louisiana, traveling to Lake Charles in May to place $3 million at 10-to-1 odds on the Houston Astros to win the World Series on the Caesars Sportsbook app for a $30 million payout, Gaming Commission Chairman Ronnie Johns ...
Texas furniture kingpin Jim McIngvale—better known as “Mattress Mack”—won $75 million on Saturday after his bet that the Houston Astros would win the World Series paid off, taking home what is believed to be the largest payout in legal sports betting history.
Topline. Texas furniture kingpin Jim McIngvale—better known as “Mattress Mack”—won $75 million on Saturday after his bet that the Houston Astros would win the World Series paid off, taking home what is believed to be the largest payout in legal sports betting history.
McIngvale had placed a number of bets adding up to around $10m on the Astros to take the World Series, which meant he netted $75m when Houston closed out the championship with victory over the Philadelphia Phillies at Minute Maid Park. The sum is believed to be the largest payout in the history of sports betting.
HOUSTON (NewsNation Now) — Jim “Mattress Mack” McIngvale has long been a legend in the Houston business community. Now, he's making an even bigger mark after placing $9.5 million in bets on the Cincinnati Bengals to win the Super Bowl. His initial bet was for $4.5 million.
Mattress Mack Mack added more futures bets on the Astros at 5/1 odds starting in July. He bet $2 million with BetMGM; $2 million with Barstool Sports, and $1 million each with Wynn, Unibet and Betfred. In total, Mattress Mack had $10 million on the line to win $75 million.
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?
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Houston business owner Jim Mattress Mack McIngvale poses for a portrait at his store Gallery Furniture in Houston, Texas on February 17, 2021. If the Bengals conquer the Los Angeles Rams, the $7.7 million dollars McIngvale will win will allay the cost of the refunds, he said.
Basketball betting is the easiest way to make money, compared to other sports, basketball odds are the best. You could pick 10 overs/unders and already have 300 odds. Odds are what determine how much one can make from betting, and basketball provides the best value of all sports.
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Bet365 made a profit before tax of £49.8m for the year, taking into account a £26.2m loss from its ownership of Stoke City Football Club, much less than the £469m profit seen in 2021. The group also saw its wage bill go up significantly, with more than 6,000 employees now on the payroll.
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What do +600 odds mean: These are Moneyline odds for a heavy underdog that payout $600 on a winning $100 wager. What does +1200 mean in betting: This is another example of Moneyline odds for a massive underdog. A $100 bet on a team at +1200 means a payout of $1,200 if successful.
In the last two National Championships, the Houston furniture store owner has lost a whopping $9.2 million. "Mattress Mack" placed a cool $6.2 million on Alabama to defeat Georgia in the 2022 national title game and TCU to pull off the massive upset over Georgia on Monday night. $6.2M wagered on Alabama last year.
Here are a few things to do after a gambling loss occurs.
Whenever you see odds listed at +200, you are looking at either a moneyline or future odds. Against the spread or total betting odds will typically be offered at -110 for each side, and it's rare that it would ever go to +200. Moneyline odds that are listed at +200 mean that a team is a clear underdog in the bet.
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around $10m McIngvale had placed a number of bets adding up to around $10m on the Astros to take the World Series, which meant he netted $75m when Houston closed out the championship with victory over the Philadelphia Phillies at Minute Maid Park. The sum is believed to be the largest payout in the history of sports betting.
Jim "Mattress Mack" McIngvale The world's sports famous sports bettor was seen pushing a wheelbarrow full of $10 million in cash Thursday night in Las Vegas. Jim "Mattress Mack" McIngvale was in town to collect the winnings from his 2022 World Series wagers in which he successfully bet on the Houston Astros.
What do +600 odds mean: These are Moneyline odds for a heavy underdog that payout $600 on a winning $100 wager. What does +1200 mean in betting: This is another example of Moneyline odds for a massive underdog. A $100 bet on a team at +1200 means a payout of $1,200 if successful.
777 is used on most slot machines in the United States to identify a jackpot. As it is considered a lucky number, banknotes with a serial number containing 777 tend to be valued by collectors and numismatists. The US Mint and the Bureau of Engraving and Printing sells uncirculated 777 $1 bills for this reason.
Jim “Mattress Mack” McIngvale Jim “Mattress Mack” McIngvale, owner of Gallery Furniture, lost a record $9.5 million in a Super Bowl LVI bet, Chron.com reported. McIngvale, a regular participant in the world of sports gambling, placed a $4.5 million wager for the Cincinnati Bengals to win the Super Bowl last week.
Compulsive gambling is a behavioral disorder that alters the structure of the brain, and there may be many motivations to gamble. For many, gambling is a pleasant activity that serves as a distraction to the stresses of their daily lives, and they aren't too focused on whether they win or lose.
The bottom line is that losing money at a casino or the race track does not by itself reduce your tax bill. You must first report all your winnings before a loss deduction is available as an itemized deduction. Therefore, at best, deducting your losses allows you to avoid paying tax on your winnings, but nothing more.
As we mentioned before, in the USA, Bet365 is currently only available in New Jersey. Mobile betting at Bet365 is legal in USA as long as you remain in a state which allows sports betting to take place. It's the same thing, like with any other legal in New Jersey bookmaker, for example, Fox Bet NJ.
Coates set up the Bet365 Foundation in August 2012. In February 2016 it was renamed Denise Coates Foundation. It is a registered charity under English law and it donated £100 million to twenty UK charities as of 2014. In 2022 the charity donated £1 million to help families in Ukraine.
As we mentioned before, in the USA, Bet365 is currently only available in New Jersey. Mobile betting at Bet365 is legal in USA as long as you remain in a state which allows sports betting to take place. It's the same thing, like with any other legal in New Jersey bookmaker, for example, Fox Bet NJ.
Funds are processed within one to three days of making the withdrawal request. However, those made to PayPal are credited in one day. No charges apply to e-wallet transactions. Wire transfer - bank transfers are only made to a bank account in the player's name.
$6 This traditional bet basically combines the win bet, place bet and show bet on a single ticket. You will essentially have three different bets rolled into one selection. You also need to keep in mind that when you make a $2 across-the-board bet that you will need to pay a total of $6 to cover your ticket.
A high roller, also referred to as a whale or cheetah, is a gambler who consistently wagers large amounts of money. High rollers often receive lavish "comps" from casinos to lure them onto the gambling floors, such as free private jet transfers, limousine use and use of the casinos' best suites.
Jim McIngvale, better known as “Mattress Mack,” said he drove 100 miles from Houston to cross the border into Louisiana on Thursday to make what's believed to be the largest mobile sports wager in U.S. history. The furniture store mogul bet $4.53 million on the Cincinnati Bengals to win Super Bowl LVI.