Jim “Mattress Mac” McIngvale, 70, is known for his generosity to the community and his record-breaking stakes.
McInvale, who is worth an estimated $300 million, has been the talk of the town when it comes to gambling for years, having broken records by placing millions in bets.
Never letting Texas mobile betting laws put him off until later, Matress Mack crossed the state line hoping to win big.
2022 Super Bowl
McInvale set the record again with a $4.6 million bet on the Cincinnati Bengals’ victory over the Los Angeles Rams in the 2022 Super Bowl.
The 70-year-old said he wasn’t “nervous” about a possible loss, but rather “excited” that the underdog team was looking to snatch a big win.
In 2021, McInvale placed a $2 million bet on the New England Patriots winning the 2022 Super Bowl, which, had the team won, would have received $46 million.
Super Bowl 2021
The owner of Gallery Furniture made a whopping $3.46 million bet, then the largest ever made in a Super Bowl, that the Tampa Bay Buccaneers would win the biggest football game ever.
To bet legally, the millionaire flew to Colorado Springs.
“We are all committed to Tampa Bay winning the big game on Sunday,” he said in 2021. — Many buyers come and buy these mattresses.
“If they win the Super Bowl, customers will get their mattresses absolutely free, free, free!” he said in 2021. Mattress Mack’s Big Bet is a gamble for everyone, as he often offers promotions where customers who have spent certain amounts of money will be fully refunded on their purchases if McKingvale’s favorite team wins.
The Buccaneers were also an underdog team.
2019 Houston Astros
Not every ticket can be winning. In 2019, McInvale made a $3.5 million bet on the Houston Astros baseball team to win the World Series at the Mississippi Casino.
However, the generous Houstonian lost a whopping $13 million but said he would do it again.
“My heart is broken because I’m Astros [fan]. I don’t bet with my wallet, I bet with my heart, and the heart of the city is broken,” he told CNN at the time.
It was estimated that he owed customers $20 million or more in restitution. Mattress Mack would have won $35.6 million, meaning he would have made a profit of $15.6 million after the refund had the Astros won.
2017 Astros win
In 2017, a mattress retailer returned $13 million to customers after the Houston Astros won the World Series.
He made a $1 million bet on the Astros, who would beat the Los Angeles Dodgers in a seven-game series.
2014 $7 million refund
McInvale is a man of his word who returned $7 million in restitution in 2014 after he made a bet.
He made a bet that the Seattle Seahawks would bet the Denver Broncos in the Super Bowl.
Over 1,000 customers averaged $7,000 in refunds and received payment just a few weeks after the big win.
“The accountant is tearing his hair out this morning, but the clients are happy and that’s the most important thing,” he told ABC at the time. “It worked to get the client to say, ‘This guy is doing what he says he’s going to do.’
Source: ABC, CNN, Forbes, Furniture Today.