The man known as “Mattress Mack” is putting major money down on the Kentucky Derby.
Jim McIngvale, aka “Mattress Mack”, owns the Gallery Furniture chain in Houston. He is known for putting huge bets down on sports events. He even got a World Series ring from the Astros for what he has done.
At the Kentucky Derby on Saturday, Mack bet $2.4 million on Essential Quality to win the race.
Mack has an interest in horse racing as someone who is an owner in the sport. But more than that, he often runs promotions at his stores involving sports events.
He is incentivizing people to buy furniture and telling them orders of more than $3,000 are free if the favorite wins the Kentucky Derby. So to hedge his store promotion, he put a ton of money down on the favorite — Essential Quality.
Either way he’s a winner! And the best part of all is he’s making it fun.
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