FOX sports betting analyst
Sure, the Houston Astros winning the Fall Classic on FOX against the Philadelphia Phillies it was very important for the team and its fans. But it was especially important to one fan, who made some serious forays into World Series odds.
Houston furniture magnate Jim “Mattress Mack” McIngvale successfully hedged his store promotion, pocketing approximately $75 million in earnings. A sum that is considered the biggest win recorded in the history of legal sports betting.
Once the Astros completed their 4-1 win in Game 6 on Saturday night, taking the best-of-7 series 4-2, McIngvale ended his record-setting sports betting win.
All Hail Caesar
McIngvale started this chaos a few months ago. He offered another of his now-infamous promotions on mattress sets that cost $3,000, with customers eventually getting their money back if the Astros won the World Series.
In May, McIngvale began placing his big bets in a hedging effort to cover the cost of this promotion. His biggest play was an early one: $3 million at Caesars Sports on the Astros to win the World Series, at 10-1 odds. That paid off on Saturday night for a whopping $30 million, the largest payout in the history of legal and regulated sports betting in the United States.
“To Mack, we tip our Astros cap and remind him that he can now support his Texans and Rockets,” said Ken Fuchs, director of digital operations at Caesars, hoping to win back some of ‘this money to Houston’s NFL and NBA teams. “Both of us [are] at an attractive price of +100,000 (1000-1) to win a championship. The Astros are also currently +550 to win next year’s Fall Classic.”
In fact, the 2023 World Series odds are already on the table at Caesars. Houston is the second choice, behind the favorite Los Angeles Dodgers (+500).
Don’t trash this win
BetMGM placed a $2 million Mattress Mack bet on the Astros at 5-1 in July. So their venture room also had to open the vault on Saturday night to the tune of $10 million.
BetMGM VP of Trading Jason Scott felt the outcome was sealed when the Astros left Philadelphia with a 3-2 series lead, saying before Game 6:
“It seems inevitable that Mattress Mack will take the books by a pile.”
Houston dealt that inevitable blow Saturday night. The Astros made the playoffs with an 11-2 record, with their only losses coming in Games 1 and 3 of the World Series.
“Without a dumpster drum chorus, the Astros were the best team in MLB this year,” Scott said. “Congratulations to them and especially to Dusty Baker, who deserves a World Series win.”
In total, McIngvale had approximately $10 million in bets, at prices ranging from 12-1 to 5-1. Mack said the entire roughly $75 million win was enough to cover his furniture store’s mattress promotion.
Patrick Everson is a sports betting analyst for FOX Sports and a senior reporter for VegasInsider.com. He is a distinguished journalist in the national sports betting space. He is based in Las Vegas, where he enjoys playing golf in 110-degree heat. Follow him on Twitter: @PatrickE_Vegas.
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