Jim “Mattress Mack” McIngvale could be the neatest sports bettor within the country, while concurrently being probably the most prolific.
McIngvale is a furniture salesman by day and sports bettor by night who literally can’t lose when he places a wager.
He’s known for betting tens of millions of dollars on single bets, including winning the largest sports bet in recorded history, a clean $75 million win on the Houston Astros to win the World Series in 2022.
McIngvale currently has a $1 million wager on the Houston Cougars to win the 2024 NCAA Tournament.
He can lay these massive bets down as a promotional opportunity, telling his customers in the event that they purchase a mattress for greater than $4,000, they are going to receive a full refund if the bet cashes.
McIngvale’s $1 million bet on the Cougars would profit $7.5 million in the event that they do win the tournament, which might likely cover the free mattresses he gives out after which some.
If customers purchase more product than the bet covers, Mack will likely add to his betting position on the Houston Cougars to act as a hedge.
The Post has you covered with a printable NCAA bracket featuring the total 68-team March Madness 2024 field.
In 2023, the famed sports bettor had $4.05 million on the No. 1 seed Cougars to win all of it.
He got here to this number by adding bets in five increments. First, a $1.05 million bet on FanDuel Sportsbook prior to the tournament – much like his February bet this 12 months.
Then, two additional $1 million wagers on the Cougars on DraftKings (+900) and Caesars (+800), before wagering $500,000 at +900 at Barstool Sportsbook (Now ESPN BET) and with 10/1 odds at BetMGM.
Betting on March Madness 2024?
He likely bet a lot on Houston because the client interest was so extreme that he needed to match the sales total to the utmost win amount.
His $4.05 million in bets were value $26.5 million in profits if the Cougars – who were eliminated within the Sweet 16 against Miami – ran the table and won all of it.
