Mattress Mack Loses Out on $50 Million Sports Betting Win as Astros Lose ALCS

Sports betting legend Jim “Mattress Mack” McIngvale will miss out on $50 million in potential winnings following the Houston Astros’ defeat to the Texas Rangers in Game Seven of the American League Championship Series (ALCS).

McIngvale reportedly placed just under $8 million in total futures bets on the Astros, his hometown and favorite team, to win the World Series. That included a $1 million wager at +750 odds last week when the ‘Stros were in a 0-2 hole to the Texas Rangers.

It all came to be for nothing though as Houston went out with a whimper in an 11-4 loss, dashing McIngvale’s hopes of another mega-payout.

McIngvale’s stake in the Astros’ postseason hopes came in a series of bets. He first placed $1.9 million on them to win it all at +600 odds at Caesars Sportsbook during the preseason.

Then, on Sept. 15, he threw down another $2 million at +600 at DraftKings Sportsbook. And just before the American League Divisional Series against the Minnesota Twins, he put up $2 million at +450 odds, and as mentioned, another $1 million in the middle of the ALCS.

McIngvale is known for placing multi-million dollar wagers on local teams. He won a record $75 million last year when the Astros took down the Philadelphia Phillies in the World Series and was back just a few months later with a gaudy bet on the Houston Cougars to win March Madness.

The 72-year-old earned his fortune through operating his Gallery Furniture store, based out of Houston, Texas. He often has massive sales or even gives full refunds whenever local teams win titles and cash his bets.

Mack just finished running a “Win It All Mattress” promotion, which guaranteed 100% money back on purchases exceeding $3,000 in mattresses, box springs, and bases. But because Houston lost, customers will have to be satisfied with the products for the price they got them at.

Had the Astros managed to pull the comeback against a team they were originally favored to beat, Mack would have been one step away from $50.9 million. But he’s used to risking large amounts of money and is still content with his record-setting win last fall.

“$76 million pays for a lot of Tempur-Pedic Mattress," the Houston legal sports betting legend also said.

The Astros opened the year as the top favorites to win the World Series ahead of the New York Yankees and New York Mets. The Rangers, who they lost to, were 18th in odds despite spending more than $500 million in free agency.

The Astros’ inability to win games at home ended up plaguing them in the postseason the same way it hurt them during the regular season. The road team unprecedentedly won all seven games in the series, bouncing from two to the Rangers, three to the Astros, and two to the Rangers.

Even though the Astros only went 39-42 in their ballpark during the regular season, the Rangers were not a powerful road squad compared to their standard at home. They led the league in scoring at home but were only ninth on the road, although their pitchers had a .53 better combined ERA away from home.

The Rangers jumped on the Astros from the onset of Game Seven. Corey Seager smacked a home run with the second at-bat of the game as Texas put up three in the first frame. The Astros answered with a run of their own, but after four innings, the score was 8-2 in favor of the visitors.

The Rangers are up 8-2 and Mattress Mack's Astros futures are in serious trouble pic.twitter.com/LInfYnnRgz

— br_betting (@br_betting) October 24, 2023

Texas’ shoddy bullpen held serve and saw the team over the line in an 11-4 victory. Jordan Montgomery (2.1 IP, 3 H, 0 ER, K) was credited with the win after Max Scherzer (2.2 IP, 4 H, 2 ER, 2 K) opened. Cristian Javier (.1 IP, 4 H, 3 ER) was handed the loss for the Astros.

The Rangers will play the winner of Game Seven of the Philadelphia Phillies-Arizona Diamondbacks series in the World Series later this week.