A respected legal sports wagering figure has suffered a heavy loss.

Jim "Mattress Mack" McIngvale has actually lost at least $6.9 million following the Houston Astros' 11-4 loss on Monday night versus the Texas Rangers in the American League Championship Series.

McIngvale, who is infamous for big wagers, might have swiped approximately $43.4 million from numerous retail sportsbooks and online wagering sites if the Astros had caught the World Series, according to Reuters.

Despite the loss, the Astros have actually fared well for McIngvale. Last year, the Texas furniture salesperson won roughly $75 million when the Astros clinched the 2022 World Series.

As a result of the win, McIngvale was released the "biggest payment on a single sports bet in legalized sports betting history," according to Caesars Sportsbook. McIngvale, who had action across several sportsbooks, wagered $3 million at 10/1 chances on the Astros to win the World Series. His action at Caesars would win him a record $30 million for a single sports wager.

PENN Entertainment's Barstool Sportsbook, which is quickly to be rebranded to ESPN Bet, also took a success from a McIngvale wager. The operator paid McIngvale $10 million following a $2 million wager. Other sportsbooks that paid the salesman consisted of BetMGM and WynnBet.

McIngvale's affinity for wagering has actually likewise equated to increased grab his furnishings organization.

"It's all about making furniture-buying more fascinating for the clients. So it's a win-win for the community and a win-win for us," the salesperson informed NPR previously this year.

Not simply baseball

McIngvale has actually likewise put big wagers on America's most popular expert sports league - the NFL. In February 2022, McIngvale positioned roughly $9.5 million worth of wagers on the Cincinnati Bengals to win Super Bowl LVI against the Los Angeles Rams at SoFi Stadium.

The Rams would defeat the Bengals 23-20 in front of 70,000 fans. Mack's action on the Bengals would have won him $16.2 million as the Bengals entered the contest as minor underdogs.