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According to reports, Jim McIngvale, aka "Mattress Mack," has put down $1.5 million on the underdog TCU at the DraftKings Sportsbook in Louisiana. The payout is huge...
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(The Spun)
Filed Under: NCAA Football

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9 Comments
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cajunmud14 months
Mack's got an angel on his shoulder.
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Geaux Guy14 months
Tempts me to go put $500 on the same bet.
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Timeoday14 months
He is just spreading the wealth and getting plenty of positive advertising in the State of Texas. This guy bet $10 million on the Astros and won $75 million in the 2022 World Series win by the Astros.
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cajunmud14 months
Are your numbers correct? That sounds awfully high.
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VoxDawg14 months
Do these guys just write off the bet as a business expense if they lose?
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ALhunter14 months
Of course they do. If you gamble professionally then losses are business expenses. The IRS will double dip if you aren't a professional by forcing you to claim large gains while disallowing losses, but large gamblers can (rightly) write off losses, just as they must claim gains.
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cajunmud14 months
I know you use to be able to counter your horse racing wins with your loses also. I use to have a trunk full of losing tix, some I picked up off the ground...haha.
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atltiger648714 months
Michigan (and a terrible review overturned call) gave away the game to TCU, and Kirby's going to have his team pissed off. I expect UGA to roll.
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DeafVallyBatnR14 months
That's the money line. He doesn't benefit from the +12.5 points. TCU has to win outright for him to collect. That's pretty strong.
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