The Betting Loophole That Made Mattress Mack $75 Million

Discover the incredible story of Jim 'Mattress Mack' McIngvale, the Houston furniture store owner who won a record-breaking $75 million from a $10 million bet on the Houston Astros to win the 2022 World Series. Learn how his unique betting strategy helped him hedge his business risks and cover customer refunds from a promotion. We dive deep into the details of his bet, his business empire, and the controversy surrounding his approach. Watch now to find out how Mattress Mack shocked the world and made history in the sports betting industry

[christiandulaney]

Houston guy here. Mack is a legend in Houston. He makes headlines with his bets, and he gets TONS of people to come into his store with the hopes of free furniture. The showroom is beyond belief. Its like a small city...haha

Hats off to him.

[johnspinelli]

He deserves every Penny. Mattress Mack is an awesome person- he donated millions when Houston had the hurricane and like to meet and interact with his customers like a regular person

[draino]

Mattress Mack has helped a lot of people after hurricanes in Houston. He's a legend

[OJ_Pimpson]

How TF is this a loophole? Vegas doesn’t give a shit that he is able to recoup any loses via furniture sales

[Karen.Rosanna]

The most important thing everyone should think about now is how to invest in different sources of income that are not dependent on the government. Especially with the current economic crisis around the world🌍. This is still a good time to invest in different stocks like gold, silver and digital currencies. all thanks to Evelyn Infurna for coaching.

[isousad]

To anyone who is confused how it worked let me break it down to you because this video is confusing, and he defiantly didn't beat the casinos.

He would bet when the odds are good, so here is how it works:
1. Find a game with an obvious underdog, where you can get odds of 5:1
2. Sell 10 million worth of goods that costs you 3 million, with a promise that if the underdog team won you will get a full refund.
3. Bet 2 million on the underdog, at a rate of 5:1 you would get 10 million in winnings.
4. If the stronger team won you are left with 8 million, 5 of which is profit.
5. If the underdog won use the 10 million winnings to refund 10 million, you are left with 8 million, 5 of which are profit.
Bottom line, your profit stays the same no matter who won, but you want your bet to win because you have lots of happy customers that would spread the word.

Very clever, but I guarantee the casinos made money because most times he would lose as he bets on the underdog, they had nothing against it.

[LyonsLover]

The incredible mark up on mattresses is what really made this possible.

[Pawpaw]

Yall stop worrying about mac. Mans done more for his community than any other business owner in houston. Whenever the hurricane harvey hit and joel osteen locked his doors, mac opened his for anyone that needed it and he donated tons of full sets of furniture to help people get back on their feet. One of the nicest humans youll ever meet and dude works his ass off.

[acefromspace]

Not really a “ loophole” just a hedge strategy/marketing opportunity. And the casinos were very aware of what he was doing, it was not a secret.

[MikeSchellingMusic]

Marketing at its finest. This guy will be a case study in a text book someday (if he isn’t already).

[joesmith-nuqk]

Mattress Mack a Houston legend no slander will be tolerated

[stevezide]

At 8:55 the narrator explains that the Broncos were the "heavy favorite" and experts said they were a "near guarantee" in the Superbowl. This isn't accurate. The Broncos closed at a 2.5 point favorite. The betting odds said they were around 53% likely to win the game. That is not a heavy favorite. You can easily look this up.
He also says at the 10:15 mark that the 43-8 victory was the most lopsided in modern history. Again, factually untrue. It's tied for 3rd most lopsided game. The 49ers beat the Broncos in 1990 by 45. The Bears beat the Patriots by 36 in 1986 and the Cowboys beat the Bills by the same 35 point margin in 1993.

[bradlockhart]

0:00 Mack is a Legend in the Houston area, and the city couldnt be more greatgul for him.

I took part in this (2022) promotion and was sold on the most expensive mattress set in the building and got it for free. Thank you for everything Jim🤘🏼

[brianlittle]

If he hedged against the bets and lost the bets, but still got to keep his earnings, then he is out the money he bet to play. So that’s a loss he wouldn’t have had he not hedged it. Also, why did he still have to pay taxes on revenue that he had refunded? I’m pretty sure that when you refund customers you claim that as a loss which reduces the tax burden.

[StanleyBertEisen]

This is EXACTLY what insurance does. You pay an insurance premium that will pay out if a certain set of circumstances occurs. So, all he did is insure himself against a loss. He didn’t actually gamble in the true sense of the word.

[hawk]

Mac built a furniture empire in Houston, starting with almost nothing, nearly went bankrupt, "starred" in one of the worst commercials in the history of television and became wildly successful due to that commercial. If you go to his main store in Houston today he meets every person who walks in and thanks you for coming. BTW, it does not seem to matter when you walk in, early morning or at closing, he will be there.

[raterus]

The bets just cancel each other out, this man is brilliant in driving sales numbers..

[origtex]

A) furniture profit margins are huge, so if you give away a $3000 mattress, it may have costs $600 with all the overhead, such as advertising. B) Early in the season, placing a bet is cheap, say 1:18. That is when you place your bet. As you approach the world series, and the Astros are winning, the ratio might be 1:6. C) Local media goes bezerk and you get free TV news stories about your new promo. Put a price tag on that.

[archgabriel]

Not only is this impressive and amazing just as it is, but the fact that he did everything this is one awesome guy. Also this is not just a "strategy" its an entire process, so you people out there, i hope you wont start dreaming of doing this also, you will fail.

[armengeorge]

The casinos and sports books likely never lost. MM treated his bets with casinos and sports books like insurance policies, and they treated the line--the bets they were willing to take--the same. So if MM bet $10 million on the Astros, the casinos and sports books took a corresponding amount in bets against the Astros. Because of the spread, the more money wagered, the more the casinos and sports books stood to make. That said, love the creativity.