Would you ever be so assured in your favorite MLB group’s championship odds that you’d bet $10 million that they’ll attach terminate the World Series? Effectively, here’s exactly what Houston Astros superfan Jim McIngvale, a 68-year-dilapidated furniture store owner, is doing – and no longer for the first time.
Bitcoin ‘Mattress Mack’ Bets the Retailer on Houston Astros World Series Odds
Affectionately identified as “Mattress Mack,” McIngvale location a allege narrative when he first made a $3.5 million bet at a Mississippi on line casino on the Houston Astros profitable this year’s World Series. The odds for this wager are +220, so he stands to present a $7.7 million profit.
He then tried to location a $5 million bet on the Astros with the FanDuel sportsbook in Recent Jersey. Within the cease, the sportsbook would easiest accept a $1.5 million bet from the Houston businessman, allowing him to potentially obtain a $3.3 million payday.
McIngvale also positioned notable bets on the Astros with a assortment of Las Vegas sportsbooks. In total, he’s rumored to bear place down $10 million on his native land group and stands to obtain $20 million if they retain terminate the World Series.
When he changed into once asked about his decision to bet as great as $10 million on this single , McIngvale responded by asserting, “If I couldn’t bear the funds for to lose it, I wouldn’t assemble it.” Per estimates, he is worth in the distance of $75 million.
Bitcoin Fan Will Pay $10 Million if Astros Lose World Series – And Even Extra If They Preserve
Practical one of many causes why he is staking so great cash is because it’s share of a hedging approach for his industry.
His mattress store is operating a spirited promotion for customers, offering 100% refunds on mattress purchases worth $3,000 or more if the Houston Astros attach terminate the World Series.
McIngvale estimates an Astros victory would perchance well maybe price him as great as $15 million, ingesting the overwhelming majority of his sportsbook profits.
Houston’s “mattress king” ran a same promotion when the Astros gained the World Series in 2017. That historical victory – the first in the group’s history – price him $12 million in refunds. Not that he’s complaining:
“I know these wacky promotions love this one, when of us get their cash abet, it’s the greatest publicity I would perchance well maybe ever hope for,” McIngvale said.
Bitcoin Sportsbooks List Astros as World Series Favorites
Most sportsbooks bear the Houston Astros because the percentages-on favorites to connect terminate the World Series in 2019. Subsequent in the rankings are the Los Angeles Dodgers and the Recent York Yankees. The Astros are out in entrance of the making a bet mainly as a result of their potent starting pitching lineup.
The Houston Astros birth up their quest for the title as we voice time, Oct. 4, in the correct-of-5 ALDS assortment towards the Tampa Bay Rays.
Closing modified (UTC): October 4, 2019 7: 52 PM