If the Houston Astros win the World Sequence, few sportsbooks can be hit tougher than the DraftKings sportsbook on the Scarlet Pearl On line casino in Mississippi.
For the reason that begin of October, the sportsbook has accepted a pair of seven-figure bets on this yr’s Fall Traditional.
The primary was a extremely publicized $3.5 million bet from a Houston-area furnishings salesman. Jim ‘Mattress Mack’ McIngvale, proprietor of a furnishings retailer within the metropolis, supplied his clients a full refund on any mattress buy of $3,000 or extra if the Astros win the 2019 World Sequence.
He ran a virtually similar promotion in 2017 when the Astros defeated the Los Angeles Dodgers for the title and McIngvale refunded about $10 million again to his clients. To hedge in opposition to himself, McIngvale positioned greater than $5 million on the Astros to win it once more this yr.
He began by putting the largest bet ever wagered in Mississippi, in accordance with DraftKings co-founder Matt Kalish, after which added one other $1.5 million wager on the FanDuel sportsbook on the Meadowlands racetrack in New Jersey.
McIngvale instructed the Philadelphia Inquirer that these promotions he runs, whereas probably costly, make his enterprise extra satisfying.
“I like doing these sorts of promotions for the shoppers,” stated McIngvale. “Let’s face: It’s form of mundane promoting mattresses. This makes it extra thrilling.”
McIngvale stated that if the Astros win this yr, he’ll be refunding about $15 million in purchases. The shop proprietor obtained +220 odds on his bet in Mississippi and +250 in New Jersey. He additionally positioned $240,000 in Las Vegas earlier within the yr at +25-. He stands to win $11.6 million in whole on all his bets if the Astros win eight extra video games.
Per week after McIngvale positioned his bet on the Scarlet Pearl, an unnamed man positioned a $1 million wager on the identical sportsbook that the crew representing the American League would win the World Sequence. If the Astros or New York Yankees win all of it, that man would stand to revenue $700,000.
These two bets make will make up a big share of the state’s general sports activities betting deal with for the month. In August, the final month knowledge is on the market for, Mississippi sportsbooks accepted $19.9 million in wagers. With soccer in full swing, and two seven-figure baseball bets, these numbers are prone to enhance in October.