It’s A Mattress Mack Come Back!!
Jim “Mattress Mack” McIngvale had been on a bit of a losing streak with his gigantic sports bets, but the biggest comeback in the history of the college basketball championship netted him a huge score Monday night.
When Kansas beat North Carolina 72-69 Mack was able to cash in to the tune of about $15 million.
Also, with various bets throughout the NCAA Tournament. He wagered more than $8.8 million on the Jayhawks to win it all.
As usual, McIngvale’s bets were a hedge against his Gallery Furniture store promotion. If Kansas won the title, he was offering customers a refund on any purchase of $3,000 or more on American-made furniture.
“The customers bought about $15 million worth of merchandise” So he doesn’t have to give away free furniture.
During the NFL and college football playoff games, he lost $15.4 million on gambling.
McIngvale had bet and lost $9.5 million on the Bengals to beat the Rams in the Super Bowl