Furniture store owner Jim McIngvale — that’s “Mattress Mack” to you — has bet huge sums on so many big sports events.
There was the $13 million loss he took on the Houston Astros (but that was a hedge bet that worked out in his favor after he said if the Astros won, he’d refund a lot of money to customers), and he threw down $3.46 million on the Tampa Bay Buccaneers +3.5 in the Super Bowl, which definitely worked out.
Per the Las Vegas Review-Journal, he’s going to bet A TON on Essential Quality, the presumed favorite to win the 2021 Kentucky Derby. How much are we talking here? Here’s the quote:
McIngvale, 70, said he’ll wager “$2 million plus, maybe $3 million, maybe $4 million” on Essential Quality, the 5-2 favorite, to win the first leg of horse racing’s triple crown. …
“The favorite has won six of the last seven Kentucky Derbies run on the first Saturday in May. So the customers have an 85 percent chance of winning,” Mack said. “My dilemma as a gambler is how to feed money into the pari-mutuel pool without killing the odds.”
That’s right, Mattress Mack himself could be responsible for moving the odds on a horse. That’s what happens when you bet absurd amounts of money!
