Jim McIngvale, otherwise known as "Mattress Mack," is at it again. The owner of the Gallery Furniture retail chain placed a $1.5 million wager on the Houston Astros to win the World Series – this time at FanDuel Sportsbook.
Mattress Mack Bet 2019
The bet, which was placed at +220 odds, would net Mattress Mack a profit of $3.3 million, if Houston does go on to win the 11 games necessary to take home the 2019 World Series title.
Mattress Mack, whose business is based in Houston, Texas, placed this bet to help recoup Gallery Furniture's liability from a mattress promotion that he's been running since 2017. The promo refunds purchases up to $3,000 if the Astros win the World Series.
While this might seem like a gambler making a big bet, it's merely a hedge against his store's wildly successful promotion. In fact, Mattress Mack said this is close to the only sports bet he's made this year. "I'm not a full-time sports gambler, I'm a full time furniture salesman," he said. "I like these sports promotions at the business because it makes us really relevant in a world where the customers have a lot of options."
He admitted that he really only placed this bet to hedge against the Astros, just like he did when Houston won the World Series in 2017. "Right now we're projected to be slightly more than 2017 and I hope to hedge 100 percent of it," he said. "The whole idea is to bet it on the Astros winning and give those mattresses away for free. We'll see what happens. Obviously, the Astros still have to win 11 games, that's what it boils down to, but the customers are buying a lot of mattresses and I'm making a lot of hedges."
Mattress Mack's reported liability for this season's promotion is roughly $15 million. The Houston business owner said he enlisted two Las Vegas industry experts to help him locate the best prices at various sportsbooks throughout the country. Through this bet on FanDuel Sportsbook and other wagers that he's previously placed (all on the Astros to win the 2019 World Series), he's more than half way to his goal.
Mattress Mack praised the other teams in the MLB playoffs, but expressed confidence in the Astros. "The Yankees aren't called the Bronx Bombers for nothing. They can hit the ball and they've got a lot of players coming back," he said. "And then there's the National League. Obviously, with the Dodgers being a pretty good team, we'll see who comes out of that."
He added, "And like Billy Beane says 'playoff baseball is a crap shoot,' so we'll see what happens. But certainly the Astros have a great chance of advancing in the tournament and being the [World Series] champion."
Any way you slice it, Mattress Mack has certainly grabbed the attention of the betting community. We'll just have to wait and see if the Astros are able to finish the job and get that World Series win, granting all of his customers with free mattresses – the ultimate win-win situation.
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David Kaestle is not a FanDuel employee. In addition to providing DFS gameplay advice, David also participates in DFS contests on FanDuel using his personal account, username davekaestle. While the strategies and player selections recommended in his articles are his personal views, he may deploy different strategies and player selections when entering contests with his personal account. The views expressed in their articles are the author's alone and do not necessarily reflect the views of FanDuel.