Mattress Mack Wagers $2 Million On Dallas ML

[Wagerallsports]

Houston furniture store owner Jim McIngvale placed two separate $1 million money-line wagers at +170 and +165 that could pay a total of $3.35 million.

 

[Tanko]

Houston furniture store owner Jim McIngvale placed two separate $1 million money-line wagers at +170 and +165 that could pay a total of $3.35 million.

He gonna lose.

 

[JDS]

Same page with the rich dude.

 

[BMR Genie]

Mattress Mack - America's favorite gambler.

 

[Tanko]

Mattress Mack - America's favorite gambler.

Someday, I want to be rich enough to "piss away" a couple million on a bet and not really care if it wins.

I look forward to that day.

Better go get my mega-millions ticket tonight.

 

[JDS]

Mattress Mack - America's favorite gambler.

He’s a true rich DeGent currently on an even plus run.

 

[JDS]

He’s a true rich DeGent currently on an even plus run.

Always good to tail the “hot hand” I say.

 

[BMR Genie]

Someday, I want to be rich enough to "piss away" a couple million on a bet and not really care if it wins.

I look forward to that day.

Better go get my mega-millions ticket tonight.

Let's not give up on that mega-millions ticket, Tank!

He’s a true rich DeGent currently on an even plus run.

You know sometimes I think that by doing all these bets, he's gaining popularity not only on his bets but also in his business. It's a free advertisement after all.

 

[Tanko]

Let's not give up on that mega-millions ticket, Tank!


You know sometimes I think that by doing all these bets, he's gaining popularity not only on his bets but also in his business. It's a free advertisement after all.

If he ran for Governor of Texas, he'd win with 90% of the vote.
Guy is a saint. Donates millions to charities. Of course he can afford to.

 

[JDS]

Let's not give up on that mega-millions ticket, Tank!


You know sometimes I think that by doing all these bets, he's gaining popularity not only on his bets but also in his business. It's a free advertisement after all.

A lot of truth to that, it’s all advertising I know, but the guy is making money overall with his public HUGE bets, anybody correct me if I’m wrong,

 

[BobbyFK]

I wonder if they move the line when he places these huge bets

 

[JDS]

I wonder if they move the line when he places these huge bets

Have‘t noticed myself. Probably too small even at that level with just one source. Might change 5-10 cents or a half point for that particular book, nothing more.

 

[Tanko]

I wonder if they move the line when he places these huge bets

He placed the bet at Caesars Sportsbook in Louisiana. They probably laid it off across several places to avoid the potential loss. Then again, Caesars might have just booked it since they are so large.

On average an NFL weekend see ~ $2-4B in handle across licensed books. Lets assume with only 4 games there is ~$1B on this weekend's games and 30% of that on the Cowboys game (a conservative assumption - its likely higher, especially for the Cowboys).

So lets assume around $300M on 49ers/Cowboys. $2M into $300M --> 0.65% of total handle. Its likely a smaller percentage since we were conservative on the amounts bet.

I'd say it likely had minimal impact vs the overall market.

 

[JDS]

He placed the bet at Caesars Sportsbook in Louisiana. They probably laid it off across several places to avoid the potential loss. Then again, Caesars might have just booked it since they are so large.

On average an NFL weekend see ~ $2-4B in handle across licensed books. Lets assume with only 4 games there is ~$1B on this weekend's games and 30% of that on the Cowboys game (a conservative assumption - its likely higher, especially for the Cowboys).

So lets assume around $300M on 49ers/Cowboys. $2M into $300M --> 0.65% of total handle. Its likely a smaller percentage since we were conservative on the amounts bet.

I'd say it likely had minimal impact vs the overall market.

Agreed.

 

[BobbyFK]

He placed the bet at Caesars Sportsbook in Louisiana. They probably laid it off across several places to avoid the potential loss. Then again, Caesars might have just booked it since they are so large.

On average an NFL weekend see ~ $2-4B in handle across licensed books. Lets assume with only 4 games there is ~$1B on this weekend's games and 30% of that on the Cowboys game (a conservative assumption - its likely higher, especially for the Cowboys).

So lets assume around $300M on 49ers/Cowboys. $2M into $300M --> 0.65% of total handle. Its likely a smaller percentage since we were conservative on the amounts bet.

I'd say it likely had minimal impact vs the overall market.

Understandable. It makes sense when you think about it that way. Thanks Tanko for some insight

 

[carolinakid]

dude going to lose this small bet for him, go SF!!

 

[carolinakid]

He should have known better

 

[Tanko]

It's funny because 10 minutes after the loss, Mattress Mac put out a social media commercial for Dak. A subtle hit on ole Dak.

https://twitter.com/i/web/status/1617357472460677123

This guy doesn't care about money anymore. He's just having fun.

 

[JDS]

Old man pimping out his product until the day he die.

 

[Tanko]

Old man pimping out his product until the day he die.

Guy was in his store all day and all night Saturday. Watched the games at the store.
That SOB just works.... and gambles.