Mattress Mack made a seven figure bet on his hometown team, The Astros, and hedged the bet against his furniture company, Gallery Furniture. Jim McIngvale, known as “Mattress Mack,” cashed in tickets worth $75 million on Astros futures. The furniture chain offered customers that spent over $3000 at the store their money back if the Astro won the World Series. And they did. SO the $75 million won’t be a huge profit for him necessarily, the winnings will “mostly be paid out to customers through our promotion” McIngvale said. Either way, sportsbooks including BetMGM were giving him a ton of money.
“They’ll wire it to me,” McIngvale said, “That’s too much money to carry.”
