Houston’s Mattress Mack offered a free mattress promotion if the Astros won the World Series. He hedged part of his promotion with HUGE bets on the Astros in Vegas.
Houston’s Mattress Mack offered a free mattress promotion if the Astros won the World Series. He hedged part of the promo with HUGE bets on the Astros in Vegas.
Who is your local marketing celebrity? Who is the business owner that everybody in town knows?
Every city has at least one business owner who has that marketing magic. They are known in the community and well-liked. For example, in Houston we have "Mattress Mack" He owns furniture stores, but is known for making huge bets on the Astros (free furniture if they win the World Series) and his generosity (handing out free masks for Covid, opening up his store to house people during Hurricane Harvey, etc.). Who is your local business icon, and what are they known for?
Mattress Mack Returns to Vegas, Drops $500K on Rays-Astros Game 5
https://www.actionnetwork.com/mlb/mlb-playoffs-betting-market-big-bets-vegas-jersey-darren-rovell?utm_source=twitter&utm_medium=social&utm_campaign=darrenrovell 4:55 p.m. ET: Jim “Mattress Mack” McIngvale — the Houston furniture store owner who’s already bet $5 million on his hometown team to win the World Series — is back for more. He just wagered $504,000 to win $200,000 on the Astros to win Thursday’s Game 5 against the Tampa Bay Rays. The bet, which was placed at Circa Sports in Las Vegas, was first reported by VSiN’s Paul Howard and confirmed to The Action Network by Circa representatives. McIngvale had placed the previous $5 million in wagers (to profit a total of $11 million) as a means of hedging a large promotion he’s been running at his Houston furniture stores, which would refund large purchases if the Astros win the World Series. This bet, since it’s just on the Astros to win the World Series, isn’t a direct hedge against the promotion, but it’s another way McIngvale is trying to protect himself against his potential liability. Back on Oct. 1, when Mattress Mack placed his initial $3.5 million wager on Houston to win the World Series, he told The Action Network, “My liability is a little bit north of $15 million. So I still have other bets to place.”
Who is your local marketing celebrity? Who is the business owner that everybody in town knows?
Every city has at least one business owner who has that marketing magic. They are known in the community and well-liked. For example, in Houston we have "Mattress Mack" He owns furniture stores, but is known for making huge bets on the Astros (free furniture if they win the World Series) and his generosity (handing out free masks for Covid, opening up his store to house people during Hurricane Harvey, etc.). Who is your local business icon, and what are they known for?
https://www.npr.org/2019/09/27/765208270/episode-941-three-bets Mattress Mack is featured as one of the three sports bets that the podcast discusses! During his 2017 "buy a mattress and get it free if the Astros win" promotion, Mack set up his own little insurance policy in the form of huge bets on the Astros to win the world series. And they did! But he still had a loss of 1-2 million. And he's doing it again this year! For reference, the segment about Mack starts at 7:19.
Houston's Harvey hero 'Mattress Mack' out $10M after offering refunds if Astros won
This is the best tl;dr I could make, original reduced by 49%. (I'm a bot)
Some Astros fans are sleeping even more comfortably thanks to a promise made by Jim McIngvale, aka "Mattress Mack," who said he'd refund customers of his Gallery Furniture store who spent $3,000 on mattresses if the Houston team took the World Series. With Wednesday night's Game 7 in the history books, McIngvale took a look at his record books and admitted he could be out $10 million, but the local legend is more than fine with the outcome. A constant presence both in the lives of Houstonians thanks to his over-the-top furniture ads and the Astros trip to the championship, McIngvale was at the ALDS opener against the Red Sox where he threw out the first pitch. Thousands celebrate at Minute Maid Park as Astros clinch WS title. The high stakes-loving Houstonian knows what he's doing when it comes to such wagers, as he reportedly took out an insurance premium that would cover up to 20 percent of the loss if he had to pay out the sum, and he placed a bet in Las Vegas that has earned him at least $1 million. McIngvale made a similar wager in 2014, promising to reimburse the first 500 customers who spent more than $6,300 on furniture if the then-faltering Astros won 63 games.
Summary Source | FAQ | Feedback | Topkeywords: out#1McIngvale#2Astros#3mattress#4Furniture#5 Post found in /UpliftingNews. NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
Jim 'Mattress Mack' McIngvale from Houston has officially placed his $3.5M bet at Scarlet Pearl on the Astros to win the World Series! #TheNewWayToBet pic.twitter.com/nKPgnIwtQp Jim "Mattress Mack" McIngvale, a Houston furniture mogul known for making enormous sports wagers, has bet $3.46 million, the largest Super Bowl bet made this year, on the Tampa Bay Buccaneers to ... Houston's Jim "Mattress Mack" McIngvale made a big World Series bet and now he has to pay up after the Astros defeated the Los Angeles Dodgers Wednesday night 5-1. Updated October 1, 2019 - 10:48 pm. Jim “Mattress Mack” McIngvale placed a $3.5 million wager to win $7.7 million on the Houston Astros to win the World Series on Tuesday afternoon at ... “Mattress Mack,” best known for wagering $11 million on the 2019 Astros-Nationals World Series to help fund a store promotion, must know the importance of key numbers as he paid -127 vigorish ... Jim "Mattress Mack" McIngvale, owner of Gallery Furniture in Houston, bet $3.5 million on the Houston Astros to win the World Series at the DraftKings sportsbook at Scarlet Pearl casino in Biloxi ... At one point last October, "Mattress Mack" made history when he placed a $3.5 million bet on the Astros to win it all at Scarlet Peark Casino. It's the largest wager in the state's sportsbook... Jim "Mattress Mack" McIngvale was so sure the Houston Astros would win the World Series that he put millions on the line Super Bowl 2021: 'Mattress Mack' places massive $3.46M bet on Buccaneers ... The Houston-area furniture store owner placed a $10,000 bet on the Houston Astros to win the 2020 World Series. HOUSTON – Jim McIngvale, otherwise known to Houstonians as “Mattress Mack,” has placed a $3.46 million Super Bowl bet on Tampa Bay. According to DraftKings, the owner of Gallery Furniture ...
Houston Astros fan Jim McIngvale "Mattress Mack" Bet ...
This video is unavailable. Watch Queue Queue. Watch Queue Queue This video is unavailable. Watch Queue Queue. Watch Queue Queue Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. The B/R Betting team travels from Vegas to Houston to watch Game 1 of the World Series with the man who bet millions on the AstrosFollow B/R Betting on IG: h... #MattressMack #HoustonAstros #WashingtonNationalsMattress Mack LOSES $12 million dollars bet on Houston Astros! #WorldSeries #HoustonAstros #MattressMack #WorldSeriesHouston Astros fan Jim McIngvale Mattress Mack Bet Extra $500K the Astros will win World Series!