He made one bet of $1.5 million at the Meadowlands sportsbook in New Jersey, reportedly the largest online wager in New Jersey’s history.
Jim McIngvale is a 68-year-old mattress mogul from Houston who calls himself “Mattress Mack.” He’s also a huge Houston Astros fan who says he lost $13 million when the team lost in heartbreaking fashion to the Washington Nationals in Game 7 of the World Series.
Of course he’d still be out a lot of money, but it does show how much his bold moves and their media coverage were worth.Due to betting limits, Mack says he had to spread his bets across multiple sportsbooks in different states. Because sports betting is not yet legal in Texas, Mack says he placed his bets in Mississippi, New Jersey and Nevada.
The bets, Mack says, were to offset payouts his mattress store would have to make if the Astros won the World Series: He was running a promotion where he offered to reimburse customers who bought a mattress for more than $3,000 if the Astros won. Mack says he lost a total of $13 million betting on the World Series, but he didn’t seem too disappointed with his thought process.
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