Thu. Dec 1st, 2022

Patrick Everson

FOX Sports activities Betting Analyst

Certain, the Houston Astros profitable the Fall Basic on FOX in opposition to the Philadelphia Phillies was large for the staff and its followers. However it was significantly huge for one fan, who did some critical dabbling in World Sequence odds. 

Houston furnishings magnate Jim “Mattress Mack” McIngvale efficiently hedged on his retailer’s promotion, pocketing roughly $75 million in winnings. A sum regarded as the most important recorded win in authorized sports activities betting historical past.

As soon as the Astros finalized their 4-1 Sport 6 victory Saturday evening, clinching the best-of-7 collection 4-2, McIngvale wrapped up his record-setting sports activities betting win.

All Hail Caesar

McIngvale kicked off this mayhem a number of months in the past. He provided one other of his now notorious promotions on mattress units that price $3,000, with prospects in the end getting their a refund if the Astros received the World Sequence.

In Could, McIngvale started making his huge bets in a hedging effort to cowl the price of that promotion. His greatest play was among the many first: $3 million at Caesars Sports activities on the Astros to win the World Sequence, at 10-1 odds. That paid out Saturday evening for a whopping $30 million, the largest-ever payout on a single wager within the historical past of U.S. authorized, regulated sports activities betting.

“To Mack, we tip our Astros cap and remind him that he can now help his Texans and Rockets,” Caesars Digital COO Ken Fuchs stated, jokingly hoping to get a few of that cash again on Houston’s NFL and NBA groups. “Each [are] attractively priced at +100,000 (1000-1) to win a championship. The Astros are additionally presently +550 to win subsequent yr’s Fall Basic.”

Certainly, 2023 World Sequence odds are already on the board at Caesars. Houston is the second selection, behind the favourite Los Angeles Dodgers (+500).

No Trashing This Win

BetMGM took a $2 million wager from Mattress Mack on the Astros at 5-1 in July. So its threat room needed to additionally open the vault Saturday evening to the tune of $10 million.

BetMGM vp of buying and selling Jason Scott felt the end result was sealed when the Astros left Philadelphia with a 3-2 collection lead, saying forward of Sport 6:

“It appears inevitable that Mattress Mack goes to take the books for a stack.”

Houston then delivered that inevitable blow Saturday evening. The Astros rolled by the playoffs with an 11-2 document, with the one losses coming in World Sequence Video games 1 and three.

“And not using a refrain of garbage-bin drumming, the Astros have been the most effective staff in MLB this yr,” Scott stated. “Congratulations to them, and extra importantly to Dusty Baker, who deserves a World Sequence victory.”

In complete, McIngvale had roughly $10 million in bets, at costs starting from 12-1 to 5-1. Mack stated the whole thing of the roughly $75 million win was simply sufficient to cowl his furnishings retailer’s mattress promotion.

Patrick Everson is a sports activities betting analyst for FOX Sports activities and senior reporter for VegasInsider.com. He’s a distinguished journalist within the nationwide sports activities betting house. He’s based mostly in Las Vegas, the place he enjoys {golfing} in 110-degree warmth. Comply with him on Twitter: @PatrickE_Vegas.


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