Jim “Mattress Mack” McIngvale may be the smartest sports bettor in the country, as well as the most prolific.
McIngvale is a furniture salesman by day and sports bettor by night, and he literally can’t lose when he places a bet.
He has been known to bet millions of dollars on a single bet, winning some of the biggest sports bets in history, including a $75 million win over the Houston Astros to win the 2022 World Series. .
McIngvale is currently betting $1 million on the Houston Cougars to win the 2024 NCAA Tournament.
He sets up these huge bets as promotional opportunities, telling customers that if they buy a mattress worth more than $4,000, they’ll get a full refund if their bet turns into cash.
McIngvale’s $1 million bet on the Cougars will net him $7.5 million if they win the tournament, which will likely cover some of the mattresses he’s giving away for free.
If a customer purchases an item that exceeds the wagering amount, Mack may add a betting position on the Houston Cougars to act as a hedge.
The Post has you covered with a printable NCAA bracket featuring the entire 68-team field for March Madness 2024.
In 2023, this famous sports bettor $4.05 million for No. 1 seed Cougars To win everything.
He arrived at this number by adding five stakes in increments. First, before the tournament he bet $1.05 million on FanDuel Sportsbook. This is similar to the bet we made in February this year.
Then two more $1 million bets against the Cougars at DraftKings (+900) and Caesars (+800), then at +900 at Barstool Sportsbook (now ESPN BET) and at 10/1 at BetMGM I bet $500,000 on odds.
Do you want to bet on March Madness 2024?
He probably bet so much on Houston because customer interest was so high that he needed to match the total sales with the maximum win.
If the Cougars, who lost in the Sweet 16 to Miami, run the table and win it all, his $4.05 million wager would equate to a profit of $26.5 million.
