Mattress Mack's $10 Million Dollar Bet
September 27th, 2019 at 8:55:49 AM
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"A Houston furniture salesman, facing millions of dollars in refunds if the Astros win the World Series, has enlisted the help of two high-level gamblers from Las Vegas to find an American bookmaker willing to take a giant bet."
https://www.espn.com/chalk/story/_/id/27701495/mattress-mack-man-wants-bet-10-million-astros
Instead of obtaining insurance to cover the potential costs of the promotions he runs regularly...
"Gallery Furniture in Houston is offering to refund purchases of mattresses costing $3,000 or more, if the Astros win the World Series."
...Mattress Mack often hedges his with bets.
FanDuel has offered to take up to $10 million in action, if approved by state regulators.
https://www.espn.com/chalk/story/_/id/27701495/mattress-mack-man-wants-bet-10-million-astros
Instead of obtaining insurance to cover the potential costs of the promotions he runs regularly...
"Gallery Furniture in Houston is offering to refund purchases of mattresses costing $3,000 or more, if the Astros win the World Series."
...Mattress Mack often hedges his with bets.
FanDuel has offered to take up to $10 million in action, if approved by state regulators.
September 27th, 2019 at 12:28:24 PM
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Maybe he'll wind up broke like the Canadian mattress king Allan.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 27th, 2019 at 4:15:08 PM
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Quote: MDawgMaybe he'll wind up broke like the Canadian mattress king Allan.
Maybe.
Can't he lay off some action with a Las Vegas Sports Book???? After all, casinos have hotel rooms and that means beds and it would be great publicity for a sports book to take 5,000 luxury mattresses as its fee.
September 27th, 2019 at 4:51:27 PM
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Quote: FleaStiffMaybe.
Can't he lay off some action with a Las Vegas Sports Book???? After all, casinos have hotel rooms and that means beds and it would be great publicity for a sports book to take 5,000 luxury mattresses as its fee.
I heard that a few of the larger Vegas books were already over leveraged with Astros bets. So they passed on him.
September 28th, 2019 at 11:02:05 AM
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I would AP him. Order a mattress and pay for it on your credit card. Schedule it for delivery after the baseball season. Cancel it if Astros don't win.
At my age, a "Life In Prison" sentence is not much of a deterrent.
September 28th, 2019 at 1:28:51 PM
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Guy in NJ just dodged this. The year the Super Bowl was in the Meadowlands, he offered free furniture for all if we had six inches of snow on SB Sunday. There was no now for the game, but four hours later, a near blizzard kicked up and we had almost a foot 24 hours later.
The older I get, the better I recall things that never happened
September 29th, 2019 at 4:05:36 AM
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Quote: billryanGuy in NJ just dodged this. The year the Super Bowl was in the Meadowlands, he offered free furniture for all if we had six inches of snow on SB Sunday. There was no now for the game, but four hours later, a near blizzard kicked up and we had almost a foot 24 hours later.
He has "lost" these bets before; his way of "insuring" the potential loss to some extent, at least lately, has been to bet on the event.
He is an icon in Houston. He does a lot of charity work. He opened his furniture showrooms to people displaced by Harvey a couple of years ago.
His furniture is on the expensive side, but we have bought from his stores a couple of time because he carries nice stuff and there isn't a lot of high-pressure sales tactics as some stores will do to you. He gets the stuff out to you house fast--but it today, have it delivered tonight--which costs some money but people want what they buy as soon as they can get it most of the time.
This promotion also generates a crap-ton of free publicity. He has a lot of ads also, but the TV stations start covering it when the event in play comes around. They all talk about how much he may "lose" while giving him lots of TV time.
