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

If you are that someone whose really that lots of money or lets say you are that a multi-millionaire then it wont really be that an issue on spending up money since you do know that you do have
back up funds if ever you would really be losing then it would really be just that normal that you are already that prepared or think up ahead that you could really be able to sustain.
If money wont really be an issue then it would be that normal that y ou would be making multiple bets or something that you would really be sticking on a single team or player no matter what.
We do know that there are indeed bettors on which you would really be that sticking into things no matter what. Sentiments wont really be affecting you and it doesnt matter
if you would really be hated then it your money and its none other business or concern on whatever the things you would really be doing.

I am with you on this.  If I had the money, what's a few million when you've got millions of dollars saved up from your career as well as your gambling winnings.

I appreciate everyone else joining in on the discussion.  I remember seeing this guy and stories about him when the hated Astros won the World Series and seeing how much money he won.  He seems like a grump old man but I guess good for him.  Unless he was a sleezy mattress salesman which I guess I doubt.

I think so, why not? Since the essential rule of betting only what you can afford to lose is followed, there aren't any issues... For someone who has millions or billion of dollars, to lose few millions on bets isn't going to prejudice their financial lives considerably. It's just a recoverable sum of money they can make once again after a month or so, therefore it's the determined budget they have to gamble, accepting the possibility of losing it meanwhile, without further prejudice.

I think this is ridiculous!
Okay, we all have our favorite teams or players and we bet on them against all odds, but spending a fortune on that is something I can't understand.

And the problem is much more serious than just the fact that he is crazy, but also because he encourages other people to go down this path... because as is customary, Mattress Mack once again invited its customers to bet with he. In a promotion on his furniture chain, the Texan announced that purchases over US$3,000 would be free with the Astros title. In other words, many people believed in Mattress Mack's dream and are now lamenting yet another elimination for the Astros with him.

Even if we know for sure about the match and the team that will win, it is still not worth betting a lot of money, especially if we have a lot, it is still not recommended. But very rich people easily place bets with big money, and they don't think anything about it because they will support their favorite team by betting with that big money. Even though they lose, they still have a lot of money, which differentiates them from us, who don't have a lot of money. It is never advisable to place bets on large amounts of money unless the person can accept the risk.

If they bet an amount outside their risk tolerance then they are foolish from doing so. If we would be asked whether we’d do the same thing and we happened to not have that much of money then the answer should be obvious, a big NO. But if I’m rich as him or Drake or others who bets huge
, then I’d probably do. Drake for example have lost some of his big bets but for sure he earned huge as well with his other huge bets. And they are simply aware of it, no need to worry. This scenario is just a simple representation of why we shouldn’t bet an amount we cannot afford losing, no matter how sure we are.

I would say I could bet millions if I had billions, so it depends on how much money you have. There are some people who are so interested in betting and gambling that they could have like 10-*20 million dollars and bet 2-3 million dollars of it, they like to live on the edge and I am not one of those people. You can be rich or you can be poor, always have a savings account on the side, like your investment and 1% of your investment for gambling is a fine level, 1% per month is not that bad and you could just do that.

This means if you have 5k dollars saved aside, then betting 50 dollars a month is not bad, it would not end that quickly and you would probably make it back. If you have 50 million dollars then betting 500k is not that bad, and by this logic, if I have 1 billion dollars then yeah 10 million dollars for a single bet could make sense, I have 1 billion after all but there are very few people who have that much money so it's unlikely for sure.

He probably has more money than that since he must have been doing this for quite some time, and he must have won or owned more money before even winning that sum. However, that doesn't change the fact that 8 million dollars isn't a small amount even if you have a hundred million in the bank. I'm sure he is pretty confident with his bets and that's why he uses such amounts as he knows that even if he loses one, he will recover the loss in the next big bet.

If I had 75 million dollars in the bank I would diversify my bets and earn more money, I know that I won't be winning with the same team or the same sport all the time, so doing a bit of research would give me enough ideas about which sports and which matches I would make my bets so that I can at least get some profit every time I do that.

The point is that he makes a mix of risk and fanaticism, a very volatile mix, but it works for him, and this works for him because he has the money and the knowledge, the bet on the Astros was not so crazy, despite being a fan .

As for the classic question, would I make the bet, the amount does not have to represent my fanaticism but rather the ability to do it within of my bankroll, then, as read in some posts above, the guy bet 10% of yours winnings, okay, I mean, in the equivalent, I would bet that % of my bankroll, if it is $100 or $10 million it is already a question of the size of the bet, and obviously sometimes seeing millions for the average mortal can be a lot but these guys live within those limits.

at this point,  criticism is no longer necessary thos is so because the did have already been done and at that, and the only thing we can learn from this situation is the lesson as not to go all in on a bet,  no matter who the team or players are,  and we should only gamble with what we can afford to lose and be fine with without a pressure on our mental well being for a long time.

First, we have to acknowledge the fact that gamblers are in different classes and a small amount that gambler A consider as nothing may be a big amount for gambler mr B so we have to accept this fact at all time in between and never get confused by any form of attempts.

He's just a high roller and the article makes a big deal out of his loss for no reason.
Yes' losing 10 million might look like a big deal if you take it out of context.
What if I told you that the person who lost that 10million was the king of Saudi Arabia?
10 million might be a big deal but to someone like this guy who constantly bets a lot of money and wins a lot too it's just another day.

Well, I think that person was not jealous of the "Mattress Mack" as mostly we feel jealous of our friends or anyone close to us (Whom we know personally). We do not feel jealous of the famous personalities around us, or do we?

I think in this case, the man was frustrated because he himself had lost the bets and seeing a successful gambler near him, he just showed his frustration and nothing else. Instead of criticising him, we should feel pity for him and need to know the hard facts of his life due to which he reached this situation. He must be in desperation in life, we never know.

We can't really compare our lives to his. He's a millionaire, which allows him to take the risk of betting millions of dollars. The money he uses for gambling is solely for that purpose, and while we might feel envious, it's his world of high-stakes betting. He's playing with the big cards, and I'm sure he can comfortably handle any losses.

For us, it's a different story. We don't have that kind of money to wager, but we can still experience the thrill of betting by staying within our own betting range.

For us regular gamblers it's hard to comprehend, the amount of money these high rollers are spending on betting, they can just bet and lose millions and move on easily whereas for me I have a hard time moving on losing hundreds of dollars.

Imagine losing $10 million dollars that's 56 times our money here in our country and you can live happily ever after and even your sons and great grand sons with that money, but money for high rollers in first-world countries is really peanut, do they even know that amount if they happen to visit countries in Asia and the cost to live in these countries.

I'm not familiar with this individual, but I'm definitely interested in reading more about his story. When we're talking about millions of dollars, it's a clear sign that this man is among the sharks in the world of sports betting. What really stands out to me, based on the link you shared, is...

https://www.cbssports.com/mlb/news/jim-mattress-mack-mcingvale-lost-at-least-7-9-million-on-astros-world-series-bets/

I'm quite impressed with his bet, especially considering the potential $51 million win if it had been lucky. This guy seems to have a good understanding of what he's doing, and he's likely playing with a calculated risk. Given his age, he probably has some substantial experience in gambling, or he might have faced bankruptcy when he was younger.

Anyone is free to bet whatever amounts he wants on whatever team he wants and if sport books or lotto clubs accepted his huge bets for the Houston Astros baseball team then it is just normal if he loses and wins like most of us do,what is not normal for most of us is the amount of money he bets.

This boils down to one simple fact though,as long as he bet these huge amounts it means that he has a lot of money and he is free to do whatever he likes with his money,if he lost 10 million dollars it means he does not care much about money as it appears he has always had them.

That's total dedication to a team there are risks and advantages to doing that, not good for a gambler whose plan is to make money, I don't think even if I am very wealthy I will invest or bet on one team's rise and fall, if you're a bettor your interest should be your concern first, it's still ok to support your team and bet for the other team if you think that there's no way that the team you're supporting will win.

Gamblers should know how to divide the line between loyalty and making money, money can magnify his character, in the case of Mattress Mack he just shows his willingness to support a team with huge bets, I don't think he can do that all the way all the time, but we'll see how he will bet next year.

We wouldn't bet that much because the stakes are too high I think he has a lot of money so after losing that amount it won't affect them. It is not possible for ordinary gamblers to bet with so much money and they will not waste so much money on betting. Gamblers are terrified with investigation of the final execution or quality management. It is wise to be very strict on these models of bets and I always stay at the same degree thus reducing the risk of throwing away all the money after some black and in addition it is easier to maintain the monitor income.

I couldn't bet millions if I had it. I can't face losing that much money so I would never bet millions. I still prefer to bet with small amounts of money because I don't want to lose large amounts of money. And if a very rich person bets a lot of money, that's fine because they've already estimated the risk and can accept it if they lose the bet. He is a rich person and dares to bet a lot of money where perhaps only a few people are as brave as him. But this is not recommended for people who don't have a lot of money, let alone borrowing money to bet.

Anyone making a bet of such an amount should be well to do because it is generally known that a gambler should bet with cash they can afford to lose if the odds are not in their favour. So if he had lost it in the contest then there should be nothing to worry about since he can afford to lose such an amount of money on his side. As a matter of fact, he has won several times so this should not make him get disturbed but for the fact that their fake manipulation has been bursted there I think is the reasons for his reactions though, just guessing and not a conclusion to that effect.

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.

Most people will say that they wouldn't bet a million dollars if they had that much money. That's not true. The reason is that once you do not have this money, you always think that you will take care of that money and be a responsible gambler but things will change when you have that money in real.

When you have a million dollars, it means that your lifestyle is changed altogether, you have a business that is making you a million dollars and maybe more and then you think ok i have a lot of money and I can bet one million dollars and have a feeling of a lifetime. Yeah, you and I do not have that one million dollars now, so we can only think that we won't risk that money in betting.

Anyone becoming jealous of a gambling winning must be out to lose along the line,  because before you see anyone making such winning he or she may have recorded a series of losses also and at that, no one should feel jealous since you don't know what they have been through before arriving at such winning, anyways mattress Mack is a big name in the casino with his total wager amount and being one of those that have experienced big winning and also hard a bitter tests of the big loses also just like in this case,  it makes more sense then not to follow his pattern since not everyone will have the chance and luxury of time and money stake such high risk.

But then is either you win or lose but regardless of whatever becomes the reality of anyone,  it should be at the back of our mind that individuals have their different luck and experience so there is no need to copy anyone at all.

Who knows what's the real reason why that guy was yelling at him?

As I understand it, there could be chances that since Mattress Mack won so much money betting (approximately 75 million in last year in the World Series), people might try to copy him, bet big amounts, lose and then become frustrated on such popular personalities. They become jealous when they see people like Mattress Mack winning such big amounts while they are always on the losing side.

Also usually people do not earn a million dollars in a lifetime while Jim "Mattress Mack" McIngvale places a bet with the amount of $1 million.
This uneven distribution of money is another reason why anyone can scream at the person who is being so lucky in life, expressing his own hopelessness and frustrations.

No.

I honestly do not risk too much into bets when I gamble. It's something I do for fun to test my proficiency in predicting a sport I love to watch, staking excessively will take away a chunk of the fun. I'll rather stake low with the chance to win a low reward, than risk a ridiculous amount.

- Jay -

He must be a big gambling propeller,  having recorded tons of accumulated wager amounts,  this is another example of how the big guys can go all in,  similar to what happened in my country where another team's fans place a bet of half of this amount in my local currency and unfortunately he lost since he chose Chelsea to win against Asernal bit the match ended in a draw so he lost that amount.

I won't want to blame the individual you mentioned for being obsessed with gambling to have risk such an amount,  but then from his behaviour as you analyzed,  it looks like something may not be right with the guy,  I won't say he is addicted anyways but the possibility of that also is high in this situation.

McIngvale won a record $75 million when the Astros won the World Series in 2022. If the Astros would've repeated as World Series champions, he would've won an estimated $118 million over the last two years.

It's not like he's going to suffer from a 10 million loss... only that it wasn't 10 million, like you're saying but 7.9 according to the article. 8 million and 10 million is already a big difference, but forgetting to mention that he bet only close to 10% of his wins from last year is a crime.

The guy is clearly a winner that doesn't want to stop as long as he's ahead. Would you stop betting if you had 75 million in the bank? I'd probably keep going up until the last 5 because 5 would be enough for me to never be poor again and the rest is just fun - easy come easy go.

We dont know on why he had really getting so much hate for those people who do give out those kind of letter or whatever actions or things happen on which if a certain team is being hated
and you are that someone who do make that kind of support or loyalty into that team which known being caught by cheating in the past, then those bad impressions would really be that
remains forever and to those who are in connection to it would really be also to taste the rage and frustration by those fans with other teams on which its always that
possible that fans will really be that attacking their fans as well.

About betting in millions? It doesnt matter since its his money then it would really be just that his full rights on whatever he would really be spending.
Its none of our business on how much he would be spending on such team on betting on it.

Most of you probably aren't familiar with this man, but he's pretty popular here in the United States, known for making monster bets on his favorite baseball team, the Houston Astros ( also the most hated team in America being that they were caught cheating  during their World Series win a few years back). 

I saw a video of someone giving him shit and him stacking "fuck you, fuck you" left and right back at the man.  This guy seems to lose his cool quite a bit.  He seems like an old fart but if you look up his history, he's bet millions upon millions of dollars, both winning and losing TONS of money.

Here's the recent bet/story ( could you ever bet millions if you had it? )
https://www.cbssports.com/mlb/news/jim-mattress-mack-mcingvale-lost-at-least-7-9-million-on-astros-world-series-bets/