Houston’s most outrageous sports gambler has $4 million riding on his hometown Cougars to win the NCAA Tournament. Here’s how he would wager with your money.
f all goes according to plan, the Texas furniture mogul and high-rolling gambler best known as “Mattress Mack” will sell $34 million worth of mattresses during March Madness, the Houston Cougars will win the NCAA Men’s Basketball Tournament, and Mack won’t make a dime.
It's a high-profile risk McIngvale has taken for decades, but he doesn’t do it to get rich from gambling. During the 2022 World Series,off a $10 million futures wager that Houston Astros would win the Fall Classic. But he sold some $74 million worth of furniture during that promotion so his winnings covered the sales, and his $10 million wager, which he also got back, covered the additional expenses.
But for all those wanting to bet like Mack, he’s giving away a few tips—for free. “I’ve never done a bracket,” says McIngvale, “it’s an exercise in futility. I always get knocked out first day. I wouldn't know where to start.” Another aspect to look at, Mack adds, is the coach. “One thing I learned last year from a gambler is that some coaches are good at coaching these tournaments and some aren't,” says McIngvale. “By looking at the past history, you figure out if this coach is good: can he get the players ready to play another game?”
Mack’s “longest of longshots” to win it all is another Texas team in the tournament: Texas Southern, a 20-loss squad that earned a spot in the First Four play-in games against Fairleigh Dickinson on March 15.McIngvale doesn’t play them himself, but for those who do, he suggests finding a team with a great defense and betting the under. “The Cougars are very good at defense,” he says, sneaking in some more Houston homerism, “and they would be a good under bet.
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