- Houston furniture store owner Jim “Mattress Mack” McIngvale has placed a $1M bet on the Houston Cougars to win March Madness.
- Mattress Mack placed his bet via online sportsbook DraftKings at 9-1 odds.
- Mack recently won big when he placed a $3M bet on the Tampa Bay Buccaneers to win Super Bowl LV.
Jim “Mattress Mack” McIngvale is at it again. The Gallery Furniture owner is making a huge sports bet on a Houston team once again.
In an interview with KHOU11, McIngvale said that he placed a $1M bet on his hometown Houston Cougars to win the current NCAA men’s basketball tournament.
#KHOU11 @MattressMack is at it again. He’s wagered $1 million with DraftKings on @UHCougarMBK Houston to win the NCAA Championship. I ask him to explain his wager and if his customers could benefit from this: pic.twitter.com/KIMTEqm3Pq
— Matt Musil (@KHOUSportsMatt) March 27, 2021
Said Mattress Mack:
Houston Playing Like It’s 1984
— NCAA March Madness (@marchmadness) March 28, 2021
The Cougars advanced to the Elite 8 by defeating 11th ranked Syracuse 62-46 in the Sweet 16 on Saturday night. The victory marks the school’s first trip to the Regional Finals since reaching a second straight NCAA championship game in 1984 behind Hakeem Olajuwon and the “Phi Slama Jama” era.
Quentin Grimes scored 14 points while Justin Gorham had 13 points and 10 rebounds for the second-seeded Cougars who move on to face the Oregon State ford the Midwest Region title and a spot in this year’s Final Four. DeJon Jarrreau also finished with nine points, eight rebounds, and eight assists while leading the Houston defense in shutting down the surging Buddy Boheim.
The 6-6 junior averaged 28.3 points per game on 60% field goal and 55.8% three-point shooting in Syracuse’s first three games of the NCAA tournament but was held to only one first half basket while finishing with 12 points on 3-13 shooting including 1-9 from behind the three-point area.
Cougars Favored Over Beavers
Elite 8 Betting Odds: No. 2 Houston Cougars vs. No. 12 Oregon State Beavers
— NBC Sports Northwest (@NBCSNorthwest) March 28, 2021
The Cougars next opponent will be the no .12 Oregon State Beavers who took down 8th seeded Loyola Chicago 65-58 in the Sweet 16. Online sportsbook SportsBetting.ag currently lists Houston as 8-point betting favorites to beat Oregon State. The Cougars are also -355 odds on favorite at the moneyline odds. If the oddsmakers are correct, the Cougars will advance to the Final Four and put Mattress Mack closer to a massive payday.
Should the Cougars beat the Beavers, they will move on to face the East Regional winner. That title will be disputed by the top-seeded Michigan Wolverines who blew out no. 4 Florida State 76-58 in their Sweet 16 assignment. Meanwhile, the 11th seeded Bruins upset no. 2 Alabama 88-78 in a thrilling overtime game to set-up a showdown with the Wolverines. The BetOnline App currently has Michigan as 7.5 point betting favorites at the spread line and -325 odds on favorite at the moneyline.
Mattress Mack’s $1M bet at DraftKings and was made at 9-1 odds. If his hometown Cougars win, McIngvale would win $9M which is almost thrice the amount he cashed out for betting $3M on the Tampa Bay Buccaneers to win Super Bowl LV last month.