Jim ‘Mattress Mack’ McIngvale places $1M bet on Houston to win 2024 NCAA Tournament

Jim ‘Mattress Mack’ McIngvale has placed a $1 million bet on the Houston Cougars to win the 2024 NCAA Tournament, according to Caesars Sportsbook.

He bet on Houston at +750 on the money line. A Cougars national championship would pay him out $7.5 million.

McIngvale, a Houston-based furniture chain owner, is known for his over-the-top, absurdly high dollar bets. Just like anyone, some of the bets have hit, some missed — but the biggest one included a $75 million payout for the Houston Astros to win the 2022 World Series.

The 73-year-old native of Starkville, MS typically places bets on teams in Texas, including a $3 million bet on TCU to defeat Georgia in the 2023 College Football Playoff Championship game. He’ll hope his Cougars can make up for his loss.