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This week’s Powerball jackpot didn’t top the record $2 billion, but Jim “Mattress Mac” McIngvale got his big payday.
When his beloved Astros won the World Series last weekend, the 71-year-old owner of a Houston furniture store was named the biggest winner in sports betting. He bet $10 million on the team to win the MLB title, with different spreads at several sportsbooks and at different points in the season.
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He came in north of $72 million (some say $72.6 million, others say $75 million), but that’s not a net profit. He made a bet against an ad he had on the furniture he sold, including the beds, in which those who spent at least $3,000 on the designated item would double their money if the Astros won the series.
“It’s definitely a win-win,” McIngvale told ESPN. “These campaigns just bring the brand to life and give us a ton of brand equity that we wouldn’t have otherwise. Consumers love it, so they’re totally engaged and talking about it for years. Because it lasts all season long.” , the number of people who follow the Astros will probably increase because now he has a real interest in the team.
McIngvale is a showman known in Houston for his charity work and great Texas personality. He regularly quotes the Bible in his social media posts, but there’s a point. He let the hackers in Philadelphia, when he was there for the World Series last week, give sexually-based obscenities to several people in animated fashion because he denied the integrity of his team.
But he often does random acts of kindness, such as recently giving World Series tickets to a 48-year-old woman with Down syndrome and others in her party.
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Perhaps his greatest contribution to the community came in 2017, when the region was reeling from the effects of Hurricane Harvey. So he allowed complete strangers to stay in his shop for free.
“At the end of the day we’re all judged by our creators, and they don’t ask how much money we made,” McIngvale told ESPN. “Instead, he’s asking us, ‘How much of a difference have you made?’
He is so beloved in his hometown that a petition was circulated before last week’s game asking him to throw out the ceremonial first pitch. It drew tens of thousands of fans, and he was on the field to do it Saturday — just hours after the Astros handed him the milestone payment. Then he was on a double-decker bus with many Astros players in the championship parade in downtown Houston on Monday.
“Just talk about an amazing moment!” He tweeted. “Never in my wildest dreams did I think I’d be riding with the @Astros in their championship parade and the people of Houston chanting my name. It’s humbling. I love you, Houston!”
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McIngvale was in Las Vegas on Thursday for a fundraiser, and one of the places he won, BetMGM, posted a video of him pulling a cart full of $10 million in cash onto a private jet to take it to Houston. There are no deposits or checks for this rude person.
The biggest loser in all of this was Caesars Sportsbook, which bet $3 million on the Astros going 10-1. That’s a $30 million hit.
“What can we say? We wrote Mattress Mac the largest check in sports betting history,” Caesars Digital Chief Operating Officer Ken Fuchs said in a statement.
The bed man is putting a dent in the bottom line of Caesars, the mega casino-gambling corporation. Caesars CEO Tom Reg discussed the company’s earnings last week.
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“I think most of you know that we have a lot of responsibility with the Astros, so that’s going to be the changing factor in whether the fourth quarter is positive overall,” Reig said.
Chris Andrews, director of sports books at the South Pointe Resort in Las Vegas, perhaps summed up the feeling at many bookmakers like his that aren’t affiliated with mega-corporations.
“I know a little about Mattress Mac,” Andrews, a bookie in Nevada, tweeted. “Good guy. I’m happy for him and his big score. Especially since he didn’t bet me.”
How much does the suddenness of a star quarterback affect the point spread in the NFL? Yes, in the case of Buffalo’s Josh Allen.
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The Bills will play Minnesota in a first-team game on Sunday, and Buffalo was favored by many sportsbooks by 9 1/2 points when the opening lines for this week’s games were released last Sunday. But during the week, it was revealed that he had injured his elbow in his last contest and his chances of playing against the Vikings were reduced, the line collapsed.
As of Friday afternoon, the Bills were favored by 3 at DraftKings (East St. Louis) and 3 1/2 at other St. Louis-area legal sportsbooks — FanDuel (Collinsville) and the Argosy (Alton).
There’s been a strong run here lately, with last week’s goose egg on our picks with bottoms of 12-18 and -18 overall good to throw (picks one through five •• ••• ).
However, we’ll try to work our way back with this week’s opinions (the most common odds listed are available Friday afternoon at the three area sportsbooks):
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Indiana at Ohio State, 11 a.m. Saturday Missouri at Tennessee, 11 a.m. Saturday: We’re taking a step on the wild side here.
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