Businessman Jim 'Mattress Mack' McIngvale won the largest payout in sports betting history after his hometown Houston Astros won the World Series Saturday (November 5) night.
McIngvale won approximately $75 million by placing a $3 million futures bet on the Astros to win the World Series at 10-1 odds on Caesars Sportsbook's mobile app on May 13 at a Louisiana restaurant, ESPN reports.
"What can we say? We just wrote the biggest check in sports betting history to Mattress Mack for $30,000,000," said Ken Fuchs, chief operating officer for Caesars Digital, in a press release on behalf of the company Saturday night.
McIngvale -- who gets his nickname from his popular Houston based furniture store -- had also won an estimated $7 million in bets on the Astros throughout the summer at various sportsbooks, which included average payout odds of +750
The entrepreneur will, however, need to pay back some of his winnings to his customers who participated in spots betting promotions at his Gallery Furniture store.
McIngvale offered a refund to any customer who spent at least $3,000 on furniture worth double their money paid if Houston won the World Series and vowed to use the winnings on his $75 million payout to compensate the customers.
"Oh, it's definitely a win-win," McIngvale recently told ESPN prior to the Astros' World Series win. "These promotions just bring the brand to life and give us a ton of brand equity that we wouldn't have otherwise. The customers love it, so they're totally engaged and talk about it for years. Because it runs all season long, it probably ups the number of people following the Astros, too, because now they have a real vested interest in the team."
Houston defeated the Philadelphia Phillies, 4-1, in Game 6 of the 2022 World Series to clinch their second Major League Baseball championship in franchise history on Saturday night.
The Astros rallied back from a 1-0 deficit in the sixth inning after Yordan Álvarez hit a three-run home run to score Jose Altuve and Carlos Peńa.
Alex Bregman -- who initially got on base with a walk and advanced to second on a wild pitch -- scored on a Christian Vázquez single later in the inning.
Starting pitcher Framber Valdez pitched 6.0 innings and recorded nine strikeouts, two hits and one earned run, which came on a solo home run by Kyle Schwarber in the top half of the sixth, prior to the Astros rally.
Relievers Hector Neris, Bryan Abreu, and Ryan Pressly each pitched one scoreless full inning to end the game to clinch Houston's second championship in five seasons.
The Astros won three consecutive games to clinch the series, having fallen behind 2-1 in the first three games, which included splitting wins in the first two games at Minute Maid Stadium and a loss in their first road game at Citizens Bank Park.
The Astros then defeated the Phillies in the final two games played in Philadelphia before clinching at their home stadium on Saturday night.
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