Mattress Mack is primarily known for selling furniture and making massive multi-million dollar bets on sporting events. The businessman – who is based in Houston, Texas – is now making his presence felt in another part of the entertainment industry: the World Series of Poker (WSOP).
Mattress Mack is supporting a poker stable this summer at the WSOP. A poker stable is a group of players supported by the same organization or a single person. In this case, Mattress Mack is the sole funder of her stable and will pay the entry fees that allow players to participate in each tournament.
The arrangement came after Mattress Mack was impressed with the performance of Houston poker pro Will Leffingwell. This made him consider investing money in poker, as Leffingwell explained to PokerNews during the WPT Choctaw Main Event in mid-May.
“(Mattress Mack) told a friend of mine he wanted to meet me, so I ended up meeting him and he told me he wanted to put people in the Main Event this year,” Leffingwell said. . “So, he told me, I need a Cowboy to get me horses to go over there (to Las Vegas) this summer.”
Leffingwell rounded up 13 other players from the Houston area to help create the 14-person stable. The group have dubbed themselves ‘The Poker Stallions’ and will compete for Mattress Mack’s fee in 2022. They will have the option to keep 40% of their individual profits under the support arrangement with additional incentives available for individual and team performance. .
So Mattress Mack will have a big presence at the WSOP this summer, but it certainly won’t be the only place he’ll be well known.
Who is Mattress Mack and how did he become such a well-known figure in Texas and beyond? Here’s everything you need to know about the mattress salesman turned sports bettor turned WSOP backer.
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Who is Mack Mattress?
“Mattress Mack” is the nickname of Houston-area businessman Jim McIngvale. The 71-year-old founded Gallery Furniture in 1981 and grew it into one of Houston’s largest furniture stores.
McIngvale became a local icon after starring in a Gallery Furniture commercial in 1983. He improvised a quick monologue about the store, according to his official website, and created the slogan “save you money” in the process.
Although Gallery Furniture was always the first priority for Mattress Mack, he also focused on other professional pursuits. In 1992, he and his wife Linda were executive producers of Chuck Norris’ “Sidekicks.” In 2002, he co-authored a book called “Always Think Big”, which describes his career as an entrepreneur. He was also a philanthropist, investing in the city of Houston and opening his stores to families in need during natural disasters like Hurricane Harvey and Hurricane Ida.
More recently, Mattress Mack has become known as a top sports bettor. He made massive seven-figure bets on events like the World Series, the March Madness Tournament, the Super Bowl and the Kentucky Derby.
Those big bets got him a lot of attention. They both described his risk-tolerant game and pointed to his high net worth, which stems from his success at Gallery Furniture.
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Mack Mattress Net Worth 2022
McIngvale’s net worth as of 2022 is $300 million, according to CelebrityNetWorth.com. Not bad for a guy who started his furniture business with his $5,000 savings.
The activities of Mattress Mack
McIngvale focused largely on gallery furniture during his entrepreneurial career. He is the driving force behind the store and has made it one of the most successful independent retailers in the country. Furniture World Magazine reported in 2014 that McIngvale’s two stores had approximately $150 million in sales annually and “sell the most furniture in the nation per square foot.”
Over the years, Mattress Mack has strived to provide her customers with “an energetic and enjoyable shopping experience.” In fact, he turned Gallery Furniture into something of an experiment.
The stores provide their customers with baked goods and refreshments on weekends. Additionally, both sites are home to exotic animals like parrots and monkeys as another form of entertainment for guests.
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Mattress Mack’s biggest bets, betting record
McIngvale has consistently made seven-figure bets in recent years, but there’s a reason for that.
Typically, McIngvale uses his bets to counter his in-store promotions. So, for example, he bet the Astros to win the World Series on numerous occasions as a safety net in case he had to reimburse customers for their purchases.
Essentially, betting is Mattress Mack’s version of buying an insurance policy. He usually profits from this approach, whether it’s in-store sales or payouts on his bets. However, some bets he makes just for fun; they’ve been a mixed bag.
Below are some of Mattress Mack’s most notable bets, including her recent bets on Astros World Series odds, Bengals Super Bowl odds and Epicenter’s chances of winning the Derby of the Kentucky.
|2022||The Astros win the World Series||$4 million||To be determined|
|2022||Epicenter will win the Kentucky Derby||$1.5 million||Loss|
|2022||Kansas wins NCAA Tournament||$5.5 million||Earn ($10.4 million profit)|
|2022||The Bengals will win Super Bowl 56||$9.5 million||Loss|
|2022||The Patriots will win Super Bowl 56||$2 million||Loss|
|2022||The Titans will win Super Bowl 56||$0.7 million||Loss|
|2022||Alabama will win the College Football Playoffs||$6.15 million||Loss|
|2021||The Astros win the World Series||$3.35 million||Loss|
|2021||Buccaneers (+3.5) in Super Bowl 55||$3.46 million||Win ($2.75 million profit)|
|2020||The Titans will win the AFC Championship Game||$1 million||Loss|
|2019||The Astros win the World Series||$5 million||Loss|