FOX sports betting analyst
Sure the Houston Astros to win the Classic case on FOX against them Philadelphia Phillies was huge for the team and its fans. But it was especially big for a fan who was serious about World Series odds.
Houston furniture tycoon Jim “Mattress Mack” McIngvale successfully secured himself from promoting his business and raked in approximately $75 million in profits. A sum believed to be the largest recorded win in the history of legal sports betting.
After the Astros wrapped up their 4-1 Game 6 win Saturday night and won the best-of-7 series 4-2, McIngvale completed his record-breaking sports betting win.
All Hail Caesar
McIngvale started this mess a few months ago. He offered another of his now infamous mattress set promotions, which cost $3,000, with customers ultimately getting their money back if the Astros won the World Series.
In May, McIngvale began making his big bets to cover himself to cover the cost of that promotion. His biggest game was among the first: $3 million at Caesars Sports on the Astros to win the World Series at odds of 10-1. That paid out a whopping $30 million on Saturday night, the largest payout for a single bet in the history of legal, regulated sports betting in the United States.
“We’re tipping Mack our Astros cap and reminding him that now he can support his Texans and Rockets,” Caesars Digital COO Ken Fuchs said, jokingly hoping to get some of that money back for Houston’s NFL and NBA teams . “Both [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 board at Caesars. Houston is second pick behind favorites Los Angeles Dodgers (+500).
No throwing away this win
BetMGM took a $2 million bet from Mattress Mack on the Astros 5-1 in July. So his risk room had to open the $10 million vault Saturday night as well.
BetMGM vice president of trading Jason Scott felt the result was sealed when the Astros left Philadelphia with a 3-2 lead, saying ahead of Game 6:
“It seems inevitable that Mattress Mack will take the books for a pile.”
Houston then delivered that inevitable punch on Saturday night. The Astros rolled through the playoffs with an 11-2 record, their only losses coming in World Series Games 1 and 3.
“Without a chorus of trash can drums, 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.”
Overall, McIngvale had approximately $10 million worth of bets at prices ranging from 12-1 to 5-1. Mack said the total profit of about $75 million was just enough to cover his furniture store’s mattress promotion.
Patrick Everson is a sports betting analyst at FOX Sports and a senior reporter at VegasInsider.com. He is a respected journalist in the field of national sports betting. He lives in Las Vegas, where he enjoys playing golf in 110 degree heat. Follow him on Twitter: @PatrickE_Vegas.
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