Topic: "Mattress Mack" loses nearly 10 million dollars on Astros Loss - page 2. (Read 421 times)

I never really understood the allure of gigantic bets. If you were to see that amount of money from his perspective, I think you would agree that it is not really impressive, considering how much money he makes/has. I bet that for him, betting millions of dollars is like losing a small chunk of his immense fortune. He has a net worth of $ 300 million. So he lost a bit more than 3% of his money.

People here have bet their entire life's savings. Or money worth years of saving up. If you ask me, that is both more impressive and dumb.

I agree he has total trust in the one team he is betting on, and why not in 2022 alone he made $75 million when the Altos won the World Series he could have won more if Altos made it into the finals again.
Based on his bet history on the Altos he is a die-hard supporter of the team, this is what happens when you put your total trust in one team, you'll win big and you could lose everything.
Let's see next year if he has full trust in the Altos to bet this huge money again, if you want to make money from sports betting I don't recommend that you will give all your trust in one team.

Winning that 75 million dollars back in 2022 could have blinded his judgement, and seeing that he doesn't really bet on favourites tells me that he might miss out on a few bets but it just takes one win to recoup his losses and his back in the green.

Also his love for the Houston Astros could be the problem because he better know that lightening doesn't strike on the same spot twice and needs to have some safe bets once in awhile to cut down on his losses...let him not hold on to the past otherwise he sure is a high roller...

@OP He deals on furniture's, he must be rich to be the owner of a furniture place because furniture's are quite expensive. He lost at least $7.9m to gambling, he would have won more had his team performed as they did the last year, and the story would have been different entirely praising him for winning two years in a row on the same team. He can afford to loose millions, that is why he gambled with it.

He did win millions ($75m) already on this team from the bet he made on them the previous year, so he will not think of the lose so much.

Yes I think I can.

If making millions is no longer a big deal, and I am already used to the lifestyle of making millions, I can risk gambling with a million to make more millions.

he is a businessman and has won $75m usd in the last year, losing $7.9 million is nothing to him. he has a business and wealth that can support his gambling and this loss will not stop him, he will continue to gamble and who knows, he could win more than before.

but if asked if i had that much wealth would i want to gamble, maybe yes but not with that much money, maybe with less money. because i thought that this was like a marketing trick to increase my exposure and it could affect my business which could bring me more money. it's like killing 2 birds with 1 stone, where i can gamble and at the same time get exposure from it.

I don't know the guy or familiar with baseball teams but it's clear from the article that he's doing a big time bet. Sometimes this hated teams are the one who are giving good profit if you bet on them and though there are a lot of haters want them to be defeated because of their reasons. Also, he might want to publicize the hate just to increase the possible profits he can get from betting on that team. There might be also a chance that he might be getting insider information like having a plan to get on the tournament.

Definitely the guy is loaded with tons of money that’s why he can bet. Probably he consider million dollar to be just a dollar that’s why he can bet in confidence with that amount.

I will do the same if I have the same capital and source of profit. The guy is just having some fun on his life by making thrilling bets on his favorite sports team. It looks like a waste of money on other people perspective but he probably enjoying since he has a lot of money which he can afford this kind of entertainment.

When gambling suppose to be for fun, I can not bet millions of dollars on a gamble or match because of gambling. Even if I am the richest man on earth, I can not do that, I will use a very small amount of money to continue with the fun rather than a way of looking for money. If I have money, I will use it for business and investment instead of gambling.

If you are talking about high rollers, such amount is no big deal for them.
It may be our lifetime's savings but for them, it is just a loose change that they can play with.
So they have no qualms if they lost these million-dollars today and win the next day.
But on this note, regular gambler should not imitate their lifestyle because you can go broke in one bet ruining your life as well as your family.

I don't know him .This person sounds like Drake. Almost same gambling habits. I understand their passion and must say that it is commendable but for me when a notable person starts showing of their bet on social media it becomes deeply concerning to me because it passes the wrong message to kids and

verbal abuse is terrible. It tells how uncouth the other person is.

To some extent,  that mack of a guy have hard long time history and records of loads of winning before now,  and if that be the case he already won and he may have become used to this kind of situations because no being boardersd about a 10 million dollars lost is something that is born out of his long term experience in this space and that goes a long way to also point to how much he may have won from this games on the past to have been so confident to risk such an amount on a single bet,  although he may be under some influence e.g.


addictions,  thos could be as a result of him chasing particular directions that may not be so favorable to him at some point. P

If have hundreds of millions then I do not mind betting 1 million into the sports that I am very familiar with especially when I believe that my favorite team have the upper hand.  The question actually depends on the capability of a person to finance such bet without affecting his financial status.  Those who got some millions won't bet with the stated amount but for those who have hundreds to thousands of it won't mind because they have the capability to lose such amount without flinching.

According to the replies, that guy is still on the green after losing those amount.  So I think he would not mind the losses and will continue to bet with such huge amount until he found out and realized that his finance can't support such huge amount.

I too thought $7.9 million isn’t nearly $10 million. The article called it a considerable chunk of change. I think that perfectly describes it after looking at his gambling history of wins and losses. He’s not going to lose any sleep over this loss.
He’s not scared of staking big to equally win big. Moving on, he’s probably already started thinking about his next bet.
If I had as much as 75 million, I would be quite willing to spend about 7-10 million on various bets. There’s no rush. Haha.

I had to google him as not too many furniture salesman millionaires has been on my radar. But he turned out to be way more interesting they i would have thought.

For anyone who want's to know more this was an interesting profile piece: https://www.houstonchronicle.com/news/houston-texas/article/mattress-mack-jim-mcingvale-untold-story-17818098.php

But from what i gathered this was his highest single bet that i found online, so i totally understand for being triggered for anyone smack talking him after that loss, especially when they were fans of the team Astros lost to.

Hmmm... I find it very difficult to believe that he isn't bothered by the fact that he's spending his cash without really getting much of an income/cash back.. honestly. If he's actually letting out his history online, then I believe he's got 'em in full consideration... If he's not also thoughtful about it in a good way, then he isn't bothered about it...

Sandra 🧑‍🦰

Jesus that's a lot. First time I've heard of him though but considering the amount he's spent on gambling, I'm surprised he wasn't covered as much. Maybe because he didn't win it big that much? I don't think I'd ever bet millions really since I have a pretty solid understanding of how much money works in the lower class (where I'm at right now) so it's kind of off-putting to suddenly spend so much if I actually ever had one, especially on gambling. I'd maybe spend it on other stuff like buying consoles, furniture, drawing materials, and stuff like that, but gambling? Nah.

I've never heard of him, but he's indeed deep into gambling. And coming from a big industry, furniture. He won't suffer for losing at all. Because he'll keep generating enough money to cover for his loss.  Look the huge amounts he stake on a team, that can boost the validity of the team. He's a very rich gambler. His winnings are too enormous for most people, but can be a pea nut to him. A gambler with such an amount may not be able to stake smaller amounts like 2k dollars. They'll be targeting 1m dollars. To generate higher amounts and profits. That'll be able to interest them. A millionaire winning few thousands in gambling won't have a complete happiness, compared to when they win tens of million, from staking huge amounts. With such amount the risk increases. And may be on a brink. Win or lose. At that stage of life, 5m may not be enough to retire you. Because you've been gambling with over 70 million. lol. Would anything lesser change your gambling habit, like stake 10$ or quitting gambling after losing such a huge amount. You'll see that gamblers must have a strong bounce back from a different source to keep rolling higher. A person can't get 75 million without have a sustainable business, that'll still fetch them more funds. What we'll say to do with such an amount will be very different from what we'll actually do with the money. It's like a gamble I can't predict. It's possible I'll play responsibly with the millions or wager it like a millionaire.

There's no such thing about being having that unlimited fund on which it would really be just that normal that there would really be those gamblers who are used to be that millionaires, whether they are really that celebrities or to those popular athletes or whatever industries they are known or popular on which making money wont really be that a hard thing for them but as we do know that once we do make ourselves engage with gambling then the word unlimited wont fit out. Yes, you are financially capable but on the time that you would really be engaging with betting then betting up millions could be possible since you are financially capable then you would really be having that kind of behavior but we know that if things turns out to be a loss in consecutive manner then it would really be surely be hurting your bank or pocket.

It just really turns out that these known people wont really be showing that they have been affected but deep inside then it is really just that hard to resist that you arent hurt.
Somehow since you do have other income source from your investment then that would really be easing out that kind of stress but pretty sure that you would really be having those kind of learning along the way.
Some would be able to realize but some would really be continuing just because they are really that confident when it comes to their financial status and on the way that they do spend.

I lost my cool yesterday as Newcastle spoilt my plan, entire ticket was loss because they couldn't get a single goal yesterday and then for a minute, I paused and I was like, how much did you bet on stake? That's when I realized I was reacting. Now, imagine if u stake a large amount of money, no matter how hard I try not to lose my cool, I wouldn't be able to hide it, now I wonder how this man has the courage to bet a fortune, this is gambling abuse. 

Unless the guy launder money through gambling, I don't think any sensible person will bet $10M on a game, it doesn't make sense. Why has he not been trending like drake because anytime that guy stake 800k to 1M, the internet especially the netizens go high and says a lot of things that he will go broke, this and that's but this guy don't, or maybe because he is na celebrity.

I don't know how big money is to some people but to be honest, $10M is too big to be use for gambling, amount that can buy a startup company, I don't want to say how much that amount is in my local currency but if I have such amount and I decide not to work for 40 years, I will live good life. But MR.man lost everything to gambling, lord have mercy.

Not familiar with this guy to be honest, but I have seen people betting huge on sports like Floyd and Drake. And this just shows that even if you really have tons of money to bet, it will still hurt in the end and for those who says that gambling is fun, it ain't if you lose in millions of dollars.

Probably he can walk away and move on after this big lose of his. Most likely he still has a lot of money in his bank. Nevertheless, he will want to recoup this losses very soon so I think he will all in again in his next bet. He might not go and tell the public it or like this go to social media if he were able to win in his next bet for clout obviously.