‘Mattress Mack’ bets big on Texas teams in NCAA Tournament

Mattress Mack is back again and banking on a Texas crew to acquire the NCAA Match.

Houston home furnishings retail outlet operator Jim “Mattress Mack” McIngvale built a $1 million bet to get $2.6 million on his Caesars Sportsbook cell application Wednesday night time in Louisiana on a team from the East Location to gain the NCAA men’s basketball title.

The East Region contains two of six Texas groups in the tournament in No. 1 seed and defending countrywide winner Baylor and No. 6 Texas.

The wager is the hottest in a collection of hedge bets positioned by Mack to lower hazard on promotions at his Gallery Home furniture suppliers. In his existing marketing, buyers who get $3,000 or a lot more of home furnishings get their revenue back if a Texas crew wins it all.

“I figured there’d be five or 6 in there, and each individual workforce has their very own alumni foundation that would be thrilled about it,” Mack explained whilst driving back again to Texas from Louisiana. “If a single of two Texas groups receives to the Remaining Four, it will seriously explode the promotion. If 4 Texas groups get in, it will be the biggest promo ever.”

Mack said he strategies to put bets on other Texas groups through the match. Texas Tech, Houston, Texas Christian and Texas Southern also will characterize the Lone Star Condition.

There’s also an included wrinkle in the advertising that makes sure buyers will have a staff in the Remaining Four. If a Texas staff doesn’t make the Last 4, clients will get the group that is closest geographically to Mack’s store in Houston. If that team wins it all, they’ll nevertheless get their funds back again.

“It’s a superior deal for the shopper,” he mentioned. “We want them to gain.”

Mack lost $9.5 million in bets on the Bengals on the money line (no points) to acquire the Super Bowl when they misplaced 23-20 to the Rams. Clients did not get their revenue back again on the promotion because Cincinnati shed. But Mack gave each and every customer who participated a $1,500 present card.

“They all preferred that,” he stated. “Our slowest time of the 12 months is March and April, so we needed to do a little something to juice up profits, additionally we required to have a designed-in-American furniture sale suitable now. We’re the most significant made-in-The us retailer in the entire world.”

Houston joined Baylor in very last year’s Last 4. Baylor is the 11-1 seventh option at Caesars to repeat as champs. Texas Tech is 17-1 to gain it all, Houston is 40-1, Texas is 50-1, TCU is 200-1 and Texas Southern is 3,000-1.

“Texas Southern is a very long shot, but which is what this tournament is about,” Mack claimed. “There’s a great likelihood to get one, if not two, to the Last 4. If we do, we’re off to the races.”

Speak to reporter Todd Dewey at [email protected]. Observe @tdewey33 on Twitter.