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Did N.J. sportsbook take a $5 million bet on Houston Astros to win the World Series?
2nd October, 16:27There is one Houston Astros fan who is really confident the franchise can win its second World Series title in three years, and he's proving it by attempting to make a record bet in New Jersey.
Jim McIngvale, a 68-year-old mattress store owner from Houston known as "Mattress Mack," has been "in communication with multiple sportsbooks in New Jersey, inquiring about making large wagers," according to ESPN.
The conversations got serious enough that FanDuel "requested approval from the New Jersey Division of Gaming Enforcement to accept a bet of greater than $5 million on the Astros," according to ESPN. FanDuel offered to take up to $10 million in wagers from McIngvale, per ESPN.
If approved, the bet would be one of the biggest in American sports betting history -- but that's not the craziest part.
McIngvale already placed a $3.5 million bet on the Astros to win the 2019 World Series at the Scarlet Pearl casino in Biloxi, Mississippi, earlier this week. The wager is nearly equal to how much was bet on baseball at Mississippi sportsbooks in June, July and August combined, according to ESPN.
The one bet alone swung the Astros (+210 odds) into the team with the most money bet on it to win the World Series. The Yankees (+425) led the way prior to McIngvale's wager.
"I'm just amazed how much DraftKings and Scarlet Pearl took, and they didn't blink an eye," McIngvale said. "That's pretty rare in the sports betting business in the United States for someone to take three and [a] half million dollars."
According to ESPN, McIngvale enlisted the help of two Las Vegas gamblers to help him find the best price for his bets, as he looked to put down upwards of $10 million on the Astros.
McIngvale has run a promotion all season promising to refund all $3,000+ mattress-related purchases at his Gallery Furniture store in Houston if the Astros win the World Series. He did the same when the Astros won it all in 2017, refunding more than $10 million as a result.
The Astros open their 2019 postseason on Friday in the American League Division Series against the winner of Wednesday's AL Wild Card game between the Oakland Athletics and Tampa Bay Rays.