On May 6, 2018, Mattress Mack placed a $3.5 million bet on the Kentucky Derby. The bet was placed at William Hill sports book at the Las Vegas Hotel & Casino. The bet was for Justify to win the race.
Justify won the race and Mattress Mack won $7 million.
Mattress Mack talks about his $2M-$4M Derby "saver" bet on furniture promotion
Few people are as synonymous with Houston as Jim “Mattress Mack” McIngvale. The owner of Gallery Furniture has been a staple in the city for decades, and his stores have become a go-to destination for Houstonians in need of furniture. But Mattress Mack is also known for his love of gambling, and he’s not afraid to put his money where his mouth is.
So it should come as no surprise that Mattress Mack placed a hefty bet on this year’s Kentucky Derby. According to reports, Mack bet $3 million on the race, with $2 million going to winnings and $1 million being used to cover potential losses.
And it looks like Mattress Mack’s gamble paid off, as his horse Justify won the Derby by 2 1/2 lengths.
That means Mack is taking home a cool $5 million from his bet (minus taxes, of course).
It’s safe to say that Mattress Mack is one happy gambler right now. And with another big win under his belt, there’s no telling how much money he’ll be willing to risk next time around.
Mattress Mack Net Worth
According to Forbes, Mattress Mack’s net worth is an estimated $75 million. This self-made millionaire is the founder and owner of Gallery Furniture, a successful furniture store chain in Houston, Texas. He is also known for his philanthropy and for his extraordinary customer service.
Mack began his career in the furniture business working for a local retailer. He eventually saved up enough money to open his own store, which he called Gallery Furniture. The business quickly became successful, and today Mack has six locations across Houston.
In addition to selling furniture, Gallery Furniture also offers customers other services such as home delivery and design consultation.
Mack is known for his generosity towards others. He has given away millions of dollars to various charities over the years, and he was one of the first responders to provide aid to victims of Hurricane Harvey in 2017.
He opened up two of his stores as temporary shelters for displaced residents, and he also provided free furniture to those who lost everything in the floods.
Mattress Mack is an inspiring success story about how hard work and determination can lead to success. His stores are popular not just because of the quality of their products but also because Mack truly cares about his customers and wants them to have a positive shopping experience.
If you’re ever in Houston, be sure to check out one of Mack’s stores – you might just meet the man himself!
Mattress Mack Kentucky Derby 2022 Bet
It’s official – Mattress Mack is placing a bet on the Kentucky Derby again! This time, he’s betting on the 2022 race, and he’s upping the ante by betting $2 million on Justify to win.
This isn’t the first time Mattress Mack has placed a big bet on the Kentucky Derby.
In 2018, he bet $800,000 on Justify to win and ended up winning $1.2 million when Justify took home the victory. He also placed a $3 million bet on American Pharoah in 2015, which paid off when American Pharoah won the Triple Crown.
Mattress Mack is known for his risky bets, but they’ve often paid off in a big way.
He’s clearly confident that Justify will be victorious once again, and we’ll all be rooting for him come Derby day!
How Much Did Mattress Mack Bet on the Astros
It’s no secret that Mattress Mack is a big Astros fan. But just how big of a fan is he? Well, according to reports, he bet $3.5 million on the Astros to win the World Series this year.
That’s right, Mattress Mack put his money where his mouth is and bet big on his beloved Astros. And it looks like his faith has been rewarded as the Astros are currently leading the World Series 3-2 against the Dodgers.
If they can hold on and win it all, Mattress Mack will be cashing in on a pretty hefty payout.
But even if they don’t end up winning it all, we’re sure he’s still enjoying watching his team compete for a championship.
Mattress Mack Net Worth 2022
In 2022, Mattress Mack’s net worth is estimated to be $75 million. He is the founder and owner of Gallery Furniture, a chain of furniture stores in Houston, Texas. He is also the host of the television show “Mattress Mack Minute” on KHOU-TV.
In addition to his furniture business, he has also invested in real estate and restaurants.
Largest Bet on Kentucky Derby 2022
The Kentucky Derby is one of the most popular horse races in the world, and it’s no surprise that people are already placing bets on who will win the 2022 race. The current favorite is a horse named Medina Spirit, who won the 2021 Preakness Stakes. However, there are many other horses with a chance to win, and the odds are constantly changing.
If you’re thinking about placing a bet on the Kentucky Derby, it’s important to do your research first. There are many factors that can affect a horse’s chances of winning, including its past performance, weight, and jockey. You should also pay attention to the odds offered by different bookmakers before deciding where to place your bet.
The Kentucky Derby is always an exciting event, and betting on it can be even more fun. With so many horses to choose from, there’s sure to be a winner that you’ll be happy with.
Credit: www.bloodhorse.com
How Much Will Mattress Mack Win on His Bet?
As of right now, it is unclear how much Mattress Mack will win on his bet. He has bet $3 million that the Houston Astros will win the World Series, and if they do, he will Winthrop double his money. However, if they lose, he will lose everything.
So, it all depends on how the Astros fare in the World Series.
How Much Did Mattress Mack Win on the Kentucky Derby 2022?
It’s still too early to say how much Mattress Mack won on the Kentucky Derby 2022, as the event hasn’t happened yet! However, we can take a look at how he’s done in previous years. In 2021, Mattress Mack won $3 million on the Derby, and in 2020 he won $1.6 million.
So it’s safe to say that he could be in for a big win again this year!
Did Mattress Mack Win His Bets?
Yes, Mattress Mack won his bets. He bet on the Houston Astros to win the World Series and they did. He also bet on the Houston Texans to win their division and they did.
How Much Did Mattress Mack Lose on Astros Bet?
Astros owner Jim “Mattress Mack” McIngvale lost $13 million when the Houston Astros won the World Series. He had bet that they would win it all, and put up his mattress store as collateral for the bet.
Conclusion
On Saturday, May 4th, Mattress Mack placed a $3 million bet on the Kentucky Derby. The bet was placed at 12:30 pm CST and was for the maximum amount of $500,000 per race. If any of the five horses he selected won, he would receive a payout of $5.8 million.
Mack’s strategy was to bet on the favorite in each race, which ended up being three different horses. The first horse he selected was Justify, who went on to win the Kentucky Derby. The second horse he chose was Good Magic, who finished second in the Preakness Stakes.
The third and final horse he picked was Audible, who won the Florida Derby but did not finish in the top three at either the Kentucky Derby or Preakness Stakes.
In total, Mack won $1 million from his bets on Justify and Audible. While this is certainly a sizable sum of money, it is less than what he could have won had Good Magic finished first in the Preakness Stakes instead of second.