On Thursday night, Jim McKingvale left for Las Vegas. And when he got here, he decided he needed money to get some travel, as most people do when they hit the Vegas Strip.
But unlike most people, he didn’t have to find an ATM. Instead, his cash was waiting for him in the safes of two of the biggest sportsbook operators.
Oh, and it was only a little more than the money to go around. he was the one Record breaking sports betting payouts From your World Series bets.
break the bank
McKingvale, the owner of the Houston furniture store, commonly known as Mattress Mack, was in Vegas to take his winnings by betting on his beloved. Houston Astros In the World Series Odds Market. Specifically, he redeemed a ticket on a $2 million bet with BetMGM at 5-1 odds and picked up a huge payout on his $3 million bet with Caesars Sports at 10-1 odds.”
“We started at MGM, got the big check [at Aria] for $10 million. Then we went to Caesars Palace and got a big $30 million check,” Mack said in a Friday morning phone call. “Then at 3 a.m., BetMGM was good enough to open [casino] Cage and receive $10 million in cash. We did some publicity with it, then gave it to an armored truck company. They took it and deposited it in our bank account.”
As Mattress Mac has done in previous years, she ran Bedding promotion at your furniture store, Customers participating in the promotion with a purchase of at least $3,000 will get their money back if Astro wins the World Series. Customers who joined the promotion at the start of the MLB season will get double their money back.
To hedge his liability on the promotion, McIngvale made the above bets, along with other sportsbooks, with some further $1 million plays – a total of $10 million in bets. The next step for Mattress Mack is to pay out $75 million in winnings to all of its customers. In total, 7,000 customers participated.
As exciting as it would have been for everyone else, the one thing McKingwell wanted the least was Game 7 in the World Series. The Phillies took a 1–0 lead in the middle of the sixth inning of Game 6, which became all the more worrying.
“Knowing that the Phillies were the comeback kings, with so much money riding on him, I was hoping the Astros could end it in Game 6,” McKingvale said. “It was a good game. The Astros were down 1-0, then Yordan Alvarez hit a three-run homer. My store is about 11 miles north of the stadium. He hit that ball so hard, it almost hit my parking lot.” I ended up in a lot.”
Admittedly, that’s a bit of an exaggeration, but it blew up on the center-field wall in the end. Houston took a 3–1 lead, added another run in the bottom of the sixth, and held on for a 4–1 victory that gave the Astros a 4–2 series win. And a big payday for McKingvale.
next big bet
With his success this year, and the 2023 World Series already on the betting board, McKingvale will definitely be in again. At Caesars Sports, the Astros are the +550 second choice to win the next season’s championship, behind only the +500 (5–1) Los Angeles Dodgers. Houston is also second on the odds board at Fox Bet, currently sitting at +650 to win it all.
“I’ve already started the promotion. If you spend $3,000 or more, double your money,” he said. “I haven’t bet on the Astros for next season yet, but I will bet soon. The Astros have been in the ALCS for six years in a row, so they have a really good chance of scoring another run. This. We’ll see that.” How do they reload for the next year.”
And we’ll see if Mattress Mack reloads next fall with another wheelbarrow full of cash.
Patrick Everson is a Sports Betting Analyst for Fox Sports and a Senior Reporter for VegasInsider.com. He is a reputed journalist in the field of national sports betting. He is based in Las Vegas, where he enjoys golf in 110 degree heat. Follow him on Twitter: @PatrickE_Vegas.
Published at www.foxsports.com