1. 10-01-19 05:28 PM #1
    ThaWoj
    hope i dont wake up tomorrow
    ThaWoj's Avatar SBR PRO
    Join Date: 03-09-10
    Posts: 6,258
    Betpoints: 3579

    3.5 million bet on Astros to win world series, other teams odds?

    Guy from Texas bet 3.5 mil on hou to win ws today near where I live in Mississippi.

    So does this inflate everyone else's odds? Trying to figure out if I should bet the cards there instead of a closer casino. Will they hedge themselves? Will they just let it ride with the action and hope for an early round knockout?
    Reply With Quote Reply With Quote
  2. 10-01-19 05:47 PM #2
    ichiro4thehall
    ichiro4thehall's Avatar Become A Pro!
    Join Date: 12-02-09
    Posts: 240
    Betpoints: 790

    Quote Originally Posted by ThaWoj View Post
    Guy from Texas bet 3.5 mil on hou to win ws today near where I live in Mississippi.

    So does this inflate everyone else's odds? Trying to figure out if I should bet the cards there instead of a closer casino. Will they hedge themselves? Will they just let it ride with the action and hope for an early round knockout?
    The answer to this is easy if you know the price the Texan guy got and you have access to that particular books current lines. The place you hear about this not say the price?

    On a general case, the guy probably got a square price and the book hasn't changed their current prices because of the bet. Tho as above, this is easily checked with facts.
    Reply With Quote Reply With Quote
  3. 10-01-19 05:57 PM #3
    ThaWoj
    hope i dont wake up tomorrow
    ThaWoj's Avatar SBR PRO
    Join Date: 03-09-10
    Posts: 6,258
    Betpoints: 3579

    D'Iberville

    Imagine showing up at the DraftKings at Scarlet Pearl Sportsbook with a briefcase full of money to bet on your favorite team.

    That’s what Jim “Mattress Mack” McIngvale did Tuesday when he arrives at Scarlet Pearl Casino in D’Iberville, opened the silver case and plunked down $3.5 million on his beloved Houston Astros to win the World Series this month.

    “It’s the biggest bet in the state of Mississippi,” said LuAnn Pappas, CEO of Scarlet Pearl. It’s a record since sports betting went live Aug. 1, 2018.

    Dressed in a bright orange No. 2 Astros shirt and a white Division Champion hat, McIngvale thanked the Scarlet Pearl and DraftKings, who he said agreed to take the bet. Scarlet Pearl said in a press release that McIngvale made national headlines with his desire to place the wager, “and no other gaming company sportsbook in the world has come forward to take the wager.” The sportsbook at Scarlet Pearl was the first DraftKings retail location in the U.S.

    DraftKings and Scarlet Pearl, whose owners Bob and Delores Granier were there to witness the bet, will cover the bet, said Matt Kalish, co-founder and COO of DraftKings.

    “The whole halo this has created — that’s an amazing promotion for him,” Kalish said of McIngvale’s bold bet. “Everyone’s talking about it.”

    If Houston wins, McIngvale wins $7.7 million for an $11.2 million total payout.

    And Houston is favored to win. DraftKings puts the team at +200 favorites to take home the Commissioner’s Trophy.

    “When you roll out a starting pitching staff that includes Justin Verlander, Gerrit Cole and Zack Greinke, you’re in pretty decent shape,” DraftKings says on its website. “Add in an offense that leads the league in WAR, and you’d be foolish to bet against them.”

    McIngvale, 68, isn’t foolish. He was born in Starkville and is known for the over-the-top commercial and promotions for his network of Gallery Furniture stores in the Houston area.

    “All of us in Houston believe in the Astros,” he said. If the Astros win, “A lot of customers will get free matresses,” he said.

    He’s tied this wager and the sales of mattresses at his stores to the Astros winning the 2019 World Series. Customers who bought mattresses from him stand to get refunds of $3,000 or more if the team wins, according to a report in the Houston Chronicle.

    He’s purchased insurance to help cover part of the cost of those rebates, the report said, but he also decided to get some serious skin in the game with his seven-figure wager.

    The last time the Astros were World Series champs in 2017, it cost him more than $10 million. A lot of people bought a lot of mattresses in this year’s promotion, he said, and the payout will be “Probably a little bit more than last time,” he said
    Reply With Quote Reply With Quote
  4. 10-01-19 06:22 PM #4
    ichiro4thehall
    ichiro4thehall's Avatar Become A Pro!
    Join Date: 12-02-09
    Posts: 240
    Betpoints: 790

    These puff piece stories always are either bs or full of errors. Here it says DraftKings has Astros at +200 but contradicts this by saying the guy will win 7.7 million from his 3.5 stake.

    I doubt they gave him +220 and think as I mentioned in my first post he got a square line, the +200.

    And, just lol that no other bookie would take the bet. He couldn't have looked very hard.
    Reply With Quote Reply With Quote
  5. 10-01-19 07:46 PM #5
    cincinnatikid513
    contra spem spero
    cincinnatikid513's Avatar Become A Pro!
    Join Date: 11-23-17
    Posts: 45,358
    Betpoints: 93

    he must be dying, looks like death


    H5BAfSiJ


    1024x1024
    Reply With Quote Reply With Quote
  6. 10-01-19 09:12 PM #6
    PD77
    Bitches!
    PD77's Avatar SBR PRO
    Join Date: 12-11-09
    Posts: 2,365
    Betpoints: 2314

    That is a rough looking 68 but damn, 3.5M in a briefcase is ballsy.
    Reply With Quote Reply With Quote
  7. 10-02-19 01:21 PM #7
    Stallion
    Update your status
    Stallion's Avatar SBR PRO
    Join Date: 03-21-10
    Posts: 3,585
    Betpoints: 16666

    He got + 220 the ticket has been posted on twitter
    Reply With Quote Reply With Quote
  8. 10-02-19 03:58 PM #8
    JMobile
    CM Punk -1000.5 (100X)
    JMobile's Avatar Become A Pro!
    Join Date: 08-21-10
    Posts: 19,064
    Betpoints: 26848

    'Mattress Mack' places $3.5 million bet on Astros to win World Series

    https://www.espn.com/chalk/story/_/id/27745071/mattress-mack-places-35-million-bet-astros-win-world-series

    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, Mississippi. At +220 odds, the wager would pay a net $7.7 million if the Astros win the World Series.




    Sounds like a hamburger to me.
    Reply With Quote Reply With Quote
  9. 10-02-19 04:02 PM #9
    Pigpen
    High On The Hogs
    Pigpen's Avatar SBR PRO
    Join Date: 05-09-08
    Posts: 2,667
    Betpoints: 13743

    The article I read is this is a hedge. If the Stros win he has cover the purchase price for a good number of customers like he did the year the Stros won the title earlier.
    Reply With Quote Reply With Quote
  10. 10-02-19 04:43 PM #10
    cincinnatikid513
    contra spem spero
    cincinnatikid513's Avatar Become A Pro!
    Join Date: 11-23-17
    Posts: 45,358
    Betpoints: 93

    Quote Originally Posted by PD77 View Post
    That is a rough looking 68 but damn, 3.5M in a briefcase is ballsy.
    he wired the money i read
    Reply With Quote Reply With Quote
  11. 10-02-19 04:46 PM #11
    MisterSack
    MisterSack's Avatar Become A Pro!
    Join Date: 09-16-19
    Posts: 576
    Betpoints: 2552

    I took a crap on one of his mattresses, once.
    Reply With Quote Reply With Quote
  12. 10-02-19 04:48 PM #12
    playersonly69
    playersonly69's Avatar SBR PRO
    Join Date: 01-04-08
    Posts: 12,827
    Betpoints: 142

    I bought one of the $3300 mattress sets last month. I hope that the Astros win again like they did in 2017. He has an insurance policy to cover it anyway just like he did in 2017 qwhen he gave out 10 million dollars worth of furniture.

    In 2017, you had to buy $5000 or more in furniture to get the deal
    Reply With Quote Reply With Quote
  13. 10-02-19 04:52 PM #13
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    How does Houston lose?
    Reply With Quote Reply With Quote
  14. 10-03-19 03:09 AM #14
    Plaza23
    Plaza23's Avatar Become A Pro!
    Join Date: 12-29-13
    Posts: 7,392
    Betpoints: 13787

    Pretty smart business move by this guy. For one, it's free publicity for his store. And the bet he is making probably fully hedges him against all the rebates he'd need to give out if the Astros do win. I doubt the insurance policy alone covers it.

    I'm sure he's done the math and is coming ahead in the deal whether the Astros win (and he pays the rebates and wins his bet), or the Astros lose (keeps the rebates from all the furniture he sold, but loses the bet).

    This isn't like one guy putting his life savings on a team. It's a pure business play
    Reply With Quote Reply With Quote
  15. 10-03-19 04:48 AM #15
    nyplayer33
    nyplayer33's Avatar Become A Pro!
    Join Date: 09-27-06
    Posts: 8,305
    Betpoints: 106

    He can now be the target of guys trying to rob him. Not only his name but exact business etc. With those odds...they have a better chance to lose then to win. Oak was i thought a lock to win vs reds 1990?? Reds swept them. Jesus hes 68..looks 80..dam.
    Reply With Quote Reply With Quote
  16. 10-03-19 05:22 AM #16
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    If Houston pitching holds up they win

    Pretty simple
    Reply With Quote Reply With Quote
  17. 10-03-19 05:27 AM #17
    astrodomer
    Houston Oilers
    astrodomer's Avatar Become A Pro!
    Join Date: 08-03-10
    Posts: 1,665
    Betpoints: 31

    Indeed JJ
    Reply With Quote Reply With Quote
  18. 10-03-19 07:12 PM #18
    chico2663
    chico2663's Avatar SBR PRO
    Join Date: 09-02-10
    Posts: 36,915
    Betpoints: 6713

    Reply With Quote Reply With Quote
Top
« Previous Thread | Players Talk | Next Thread »