Home College Basketball Mattress Mack bets $1.5 million on Houston Cougars to win NCAA title

    Mattress Mack bets $1.5 million on Houston Cougars to win NCAA title

    0

    Not long after cashing in on his $75 million in wagers on the Houston Astros to win the World Series, Jim "Mattress Mack" McIngvale is back placing big sports bets — this time on college basketball.

    Mattress Mack placed two large wagers in Louisiana on Tuesday — one for $500,000 at 10-1 odds at BetMGM and one for $1 million at DraftKings Sportsbook at 9-1 odds — on the Houston Cougars to win the NCAA championship.

     

    Mattress Mack had $10 million worth of futures bets on the Astros to win the Fall Classic, the largest of which was a $3 million bet on the Astros at 10-1 odds at Caesars Sportsbook, which was placed in Louisiana back in May. He also had a $1 million wager on the Astros at WynnBet at 12-1 odds and a $1 million wager at Betfred Sportsbook at 5-1 odds, among others.

    The estimated $75 million was the largest payout ever in legal U.S. sports betting history.

    Like most of his big wagers, it was tied to a mattress promotion for his Gallery Furniture store in Houston. He said on a recent VSiN appearance that business was booming.

    "We had the biggest day in store history on Sunday, and then did 25% better on Monday," Mack said on VSiN before the World Series began. "We busted through the $75 million in liability, so we’re done taking bets on the mattresses right now. The customers are excited and they’re saying ‘Go Astros.’"

    The Cougars are now the favorites at +800 to win the title at DraftKings. They are the No. 3-ranked team in the nation.

    Previous article College football betting systems for teams ranked in Top 25
    Next article Jeremy Plonk’s Horse Racing picks for 11/16
    We are the VSiN Staff, a team of seasoned sports media professionals from VSiN. Our expertise ranges from award-winning broadcasting to legendary oddsmaking, all dedicated to providing top-notch news, analysis, and data in the world of sports betting. Broadcasting from the heart of Las Vegas and major gaming venues nationwide, we offer engaging content across various platforms, including YouTubeTV, Rogers’ Sportsnet, and our own VSiN.com. Join us for the latest in sports wagering, where we blend entertainment with insightful betting information.