author: andriev   6 November 2019Print page

American punter lost a fortune betting on the World Series Finals

william hill unibet baseballBig bettors always make good headlines, however, it’s not always about winning. Sometimes love for your home team can be a bit pricey. Read on to find out more about how Houston Astros fan lost millions of dollars in bets.

Money is not an issue for this guy, as betting record states. Jim “Mattress Mack” McIngvale, a furniture mogul from Houston, has lots of passion for sports and especially his baseball home team Astros, which made it to this year’s World Series Finals.
McIngvale, who is also famous for his big bets lost from $10 to $13 millions of dollars betting on Astros. He purposely flew his private jet to New Jersey to place big wagers with some of the top online bookmakers. William Hill and Unibet sportsbooks were the ones who agreed to do business with Mack.

He ended up placing a total of over a million dollars just on Friday before Game 3. Let’s take a closer look:


Source: uk.sports.yahoo.com


Source: uk.sports.yahoo.com

William Hill
  • Astros to win the World Series
         Stake: $300,000
         Odds: 3.10 (21/10)
  • Astros to win Game 3
         Stake: $500,000
         Odds: 1.71 (71/100)
Unibet
  • Astros to win the World Series
         Stake: $100,000
         Odds: 3.10 (21/10)
  • Astros to win Game 3
         Stake: $150,000
         Odds: 1.66 (33/50)

McIngvale was placing at such a rate to hedge on the promotion he was running at his Houston stores, where he promised to refund $20 million in purchases if Astros win the title.

Well, these ones where not the only bets he placed on his beloved team. Some sources confirm a number of “Astors to win the World Series” bets which totalled to more than $10.6 million in stakes.


Source: uk.sports.yahoo.com

The businessman does not seem to worry too much about his loss, as he commented: “I feel like I hedged perfectly”.

Bettors’ phycology - wishful thinking in betting


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