If the Astros Win It All, He'll Win a Staggering Amount

Jim McIngvale could walk away with the largest payout on a single legal sports bet
By Newser Editors and Wire Services
Posted Nov 2, 2022 8:12 AM CDT
This Gambler Is Really, Really Hoping the Astros Win
Jim "Mattress Mack" McIngvale, of Houston, holds some of the tickets in Atlantic City, NJ, on Tuesday, showing bets he's made on the Houston Astros to win the baseball World Series.   (AP Photo/Wayne Parry)

The Phillies are up 2-1 in the World Series, and there's probably one American who's hoping more than most that the tides change: a prolific Texas gambler with a knack for attention-getting bets, who stands to win nearly $75 million if the Houston Astros win the World Series. Jim "Mattress Mack" McIngvale of Houston has wagered a total of $10 million with numerous sportsbooks on an Astros victory. His bets include a $3 million wager made back in May with Caesars Sportsbook at 10-to-1 odds. It would pay him $30 million, which Brad Harwood, a spokesperson for the sportsbook, said would be the largest payout on a single legal sports bet in US history.

"I have no fear in me," McIngvale said to the AP Tuesday, while giving away mattresses in Atlantic City, NJ, to military personnel, veterans, and first responders at Harrah's casino. "I have a high tolerance for risk. If I lose, there's always another day." McIngvale has a long history of large bets on the World Series, Super Bowl, and NCAA Final Four tournament. He links the bets to try to cover the cost of promotions at his mattress store in Houston; if the Astros win this year, customers who bought high-end mattresses will get their money back. In addition to his $3 million bet with Caesars, McIngvale bet $2 million with BetMGM; $2 million with Barstool Sports; and $1 million each with Wynn, Unibet, and Betfred.

Even if the Philadelphia Phillies prevail, McIngvale figures he'll still come out $500,000 to $1 million ahead after paying out customer refunds. He figures he's up "probably a couple million net" in the six or so years he's been making large bets on sports championships. But it doesn't always work out for him. He lost nearly $10 million on the most recent Super Bowl, backing the Cincinnati Bengals over the eventual champion Los Angeles Rams. He also whiffed on an Astros World Series bet last year and on Alabama in the national college championship game, as well as on NFL futures bets on the New England Patriots and Tennessee Titans.

(Read more sports betting stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.