Bettor Up: Jim McIngvale, a Texas furniture entrepreneur known for making wild sports bets, is launching a sports news website.
The most famous furniture salesman in America is known for his outrageous multimillion-dollar wagers on sporting events. Now Jim McIngvale is launching Gallerysports.com—to sell more furniture.
Mattress Mack is now betting on the media business. This may interest you : ECU Sports Properties, Inner Banks Media Extend Major Radio Deal to 2027 – East Carolina University Athletics.
Jim McIngvale, a 71-year-old Houston furniture entrepreneur and noted gambler affectionately known as “Mattress Mack,” has launched a sports news website that he promises will be “a one-stop shop for all things Texas and Louisiana sports .” McIngvale says he’s interested in publishing great journalism, but at the heart of everything he does, he hopes Gallery Sports will help sell mattresses in his Gallery Furniture stores.
“I’m a promoter,” says McIngvale. “I have a lot of wild and crazy ideas, and a lot of them will fail, but a few will be homegrown.”
Mack isn’t selling ads yet, but says he will if the site publishes great content and gets enough traffic. “We expect to eventually make money from ad sales,” he says, “but it’s going to be a six-month to a year long battle.”
McIngvale, who owns the three-store Gallery Furniture chain in Texas, has been making headline-grabbing bets for decades. But his bets — including a $9.5 million bet on the Cincinnati Bengals beating the Los Angeles Rams in Super Bowl LVI in February — are a hedge against his big sales pitches. During the Super Bowl, he offered customers who bought a $3,000 mattress or recliner before kickoff a full refund if the Bengals won. Cincinnati lost and took the multi-million dollar bet. It wasn’t all bad though; he sold $20 million worth of furniture.
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He may be an All-American dealer, but the economics behind McIngval’s astronomical bets are solid. Mack’s promotions and sports betting have helped grow his business, which he started with his wife Linda in 1981. The gallery generated $164 million in revenue in 2019, with sales expected to grow by about 40% to more than $230 million by the end of 2021 dollars.
With a few dozen contractors working for Gallery Sports, including former Houston Chronicle sports reporters, McIngvale says he has invested $500,000 in his new media venture.
Eventually, McIngvale will launch a second site, Gallery Gaming, focused on his other passion – sports gambling. The site will publish odds, analysis and of course stories about his bets. He will not sell picks like some sports betting con artist. “I don’t believe in selling hacks; it puts people in a bad position,” he says. The sites will cover sports in Texas and Louisiana, but hopes to expand to national and global coverage. “We’ll walk before we run,” he says. “But we’ll probably do a lot of things at big events like the World Cup and things like that.”
In the past 15 years, McIngvale has taken the biggest risk on the Houston Astros to win the 2019 World Series. He committed a total of $17 million to his hometown team and lost when the Astros defeated the Washington Nationals. But the most painful loss came during last year’s World Series, when McIngvale placed a $2 million futures bet on the Astros at 18-to-1 odds. He would have made $36 million if the Atlanta Braves had not beaten Houston.
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This year, McIngvale made an honest investment in the Astros again. Always an understatement, he made multiple bets totaling $10 million on Houston winning the World Series. If the Astros win the Fall Classic, Mack will take home $75 million. Of course, Gallery Furniture is preparing another promotion related to its monumental bet. (If a customer spends $3,000 or more on a mattress and the Astros win the World Series, they get a full refund.) McIngvale says the Gallery has sold $50 million in mattresses so far — and the World Series is almost two months away.
With the NFL starting this week, Mack is also ready for the football season, but he’s waiting for a good promotion before betting high. Meanwhile, he’ll root for the Houston Texans because “I’m a homer,” he says, “that’s who I am.” But he also likes the way the Green Bay Packers look this season.
While the sports website startup is “to sell more furniture,” McIngvale admits he has higher goals. In times when trust in the media has waned and become hyper-partisan, Mack believes his site could help bring people together.
“I’m banking on the fact that I know people love sports, and one of the things I love about it is that sports is a great connector,” says McIngvale. “Whether you’re right-handed, left-handed, centrist, whatever, they all come together. This is a good thing for our current divided times.”
What was the biggest bet made on the Super Bowl?
Houston’s Mattress Mack bet $5 million on the Bengals to win their first Super Bowl in team history at Caesars Sportsbook. The bet, which would return $8. Read also : Kansas sports betting regulation approved unanimously.5 million at +170 odds, is the largest Super Bowl bet at a regulated sportsbook in the United States.
What is the biggest bet on Super Bowl 2022? The largest recorded bet on the 2022 Super Bowl is a $5 million cash bet on the Bengals by âMattress Mackâ at Caesars. If Cincinnati wins its first championship in history, Mack will earn $8.5 million.
How much did Mattress Mack win on Bengals?
Mattress Mack loses his $9.5 million bet that the Bengals will win the Super Bowl. CINCINNATI – Mattress Mack put all his chips on the Cincinnati Bengals to win Super Bowl 56. This may interest you : Peter Holland Jr. reports sports for Canton Repository. Specifically, he put $9.5 million on the Bengals beating the Los Angeles Rams (170).
Who bet 7 million on the Super Bowl?
HOUSTON (NewsNation Now) â Jim âMattress Mackâ McIngvale has long been a legend in the Houston business community. Now he’s made an even bigger mark after placing a $9.5 million bet on the Cincinnati Bengals to win the Super Bowl.
What is the highest bet on the Super Bowl?
| Risk | A bet | W/D |
|---|---|---|
| 110,000 dollars | Bengal girls 4.5 | W |
| 105,000 dollars | Aries -4 | L |
Who won Biggest bet on Rich Strike?
Stacie Conard and her five children won $25,000 when Rich Strike rallied from an 80-to-1 upset to win the 148th Kentucky Derby. NEW ALBANY, Ind. — A southern Indiana family that won big with Rich Strike’s win is said that she thanked God’s intervention for this. .
How Much Money Was Bet on Rich Strike in the Kentucky Derby? Only $501,135 of the total put into the winnings fund was on Rich Strike, the lowest of any horse in the field, according to numbers released by the track.
Who won big with Rich Strike?
Rich Strike and jockey Sonny Leon swept the nation when a 20-horse race won the 148th running of the Kentucky Derby in May.
Did Rich Strike owner bet on his horse?
Even one of my girls at the betting window came up to me and said, ‘Eric, I bet $2 on Rick’s horse and won $163. ‘” Miller said Roadhouse patrons on Saturday were not only happy about the windfall, but even more excited that their friend had won the world’s greatest horse race.
How much would you win if you bet Rich Strike?
Rich Strike took home $1,860,000 of the $3 million Kentucky Derby purse as the winner of the race.
How much did Mattress Mack bet on Kentucky Derby?
“It reminded me of a Bengals-Rams gut punch.” Mattress Mack bets $1.5 MILLION on Epicenter to win the Kentucky Derby … Mack loses $9.5 million betting on the 2022 Super Bowl. Rich Strike’s 80-1 win is the second largest in Derby history in to Kentucky, and Donerail has the longest shot at 91-1. in 1913.
Who did Mattress Mack bet on in the 2022 Derby? Kentucky Derby 2022: Jim âMattress Mackâ McIngvale returns with his more than $2 million odds-busting bet.
Who won the biggest bet on Kentucky Derby?
How much money did Mattress Mack bet on Kentucky Derby?
How much money? Mattress Mack didn’t bet the full $4 million he previously suggested he might, and it’s a good thing he didn’t. Instead, Mattress Mack ended up betting $1.5 million on Epicenter to win the race. Epicenter actually did well, finishing second in the 148th Kentucky Derby.
What was the biggest bet on the Kentucky Derby 2022?
The 2022 Kentucky Derby has seen the most bets in the history of the Triple Crown race.
How much has Mattress Mack win gambling?
Mack now has a total of $6 million to win $52.6 million as he battles Houston for the World Championship after betting a total of $4 million and winning $42 million in May. He bet $3 million to win $30 million at Caesars Sportsbook at odds of 10-1, and he also bet $1 million to win $12 million at WynnBET at 12-1.
How much did Mattress Mack lose in 2021? In total, Mattress Mack lost $2.6 million in bets, despite nearly winning an estimated $12 million, the Las Vegas Review-Journal reported. Mack counted his winnings before the end of the race on Saturday. “I thought I was home,” Mack told the Las Vegas Review-Journal.
What was Mattress macks bet?
Jim âMattress Mackâ McIngvale has invested in the Astros again, this time betting $2 million at 11-2 odds that they will win the 2022 World Series.
Has Mattress Mack won a large bet?
If the Astros win the World Series, Houston furniture store owner Jim “Mattress Mack†McIngvale would make the biggest winnings ever in legal sports betting. Mattress Mack bet a total of $4 million on the Houston Astros on Friday to win $42 million to win the World Series.
How much has Mattress Mack lost in bets?
Jim âMattress Mackâ McIngvale, a 68-year-old furniture mogul and philanthropist, told The Action Network that he lost “more than $13 million†in bets after the Washington Nationals beat the Houston Astros 6-2. , in Game 7 of the World Series.
