- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Mattress Mack just won $75 Million
Posted on 11/5/22 at 10:20 pm
Posted on 11/5/22 at 10:20 pm
And Brian Kelly showed Bama his balls
10
Posted on 11/5/22 at 10:24 pm to stout
That’ll make up some of the $100mm he has lost betting
Posted on 11/5/22 at 10:26 pm to Tyga Woods
He hasn't lost. It's his hedge for furniture sales instead of buying insurance for his promotion.
Posted on 11/5/22 at 10:28 pm to stout
All of those Neanderthal, trashy, classless citizens of Philadelphia, can suck a bag of used dildos
Philly.. I hope that disgusting cesspool, filth-ridden city gets burned to the ground by the cockroaches that live in it
Philly.. I hope that disgusting cesspool, filth-ridden city gets burned to the ground by the cockroaches that live in it 
Posted on 11/6/22 at 12:29 am to stout
Mattress Mack finna get laid tonight.
Posted on 11/6/22 at 12:07 am to stout
That’s insane.
I would never work another day of my life.
I would never work another day of my life.
Posted on 11/6/22 at 7:19 am to stout
So happy for the Astros and the Tigers. One of the best nights in sports I’ve ever witnessed.
Philly fan base is truly awful, screaming at their own players young children and assaulting the elderly.
Mack wasn’t having any of their shite, I love it.
Philly fan base is truly awful, screaming at their own players young children and assaulting the elderly.
Mack wasn’t having any of their shite, I love it.
Posted on 11/6/22 at 7:35 am to BigWillyMetry
Posted on 11/6/22 at 7:37 am to stout
quote:
He hasn't lost. It's his hedge for furniture sales instead of buying insurance for his promotion.
Yep.
Posted on 11/6/22 at 7:58 am to stout
quote:
Mattress Mack just won $75 Million
He's been doing this for 40+ years, you don't really think he just laid out 75 million do you?
He has an insurance company which kicks in at a certain level on losses and wins.
It's all a marketing ploy
Posted on 11/6/22 at 7:59 am to stout
I should have loaded up on new furniture. frick.
Posted on 11/6/22 at 8:00 am to The Torch
quote:
He's been doing this for 40+ years, you don't really think he just laid out 75 million do you?
If only you had read the third post you could have saved yourself some time and not looked like a fool
Posted on 11/6/22 at 8:27 am to The Torch
quote:
you don't really think he just laid out 75 million do you?
I think he got 11 to 1 when he placed the bet. There will be a long line picking up the checks. And the free pub is there as well. And Mattress Mack does a lot for Houston and for Veterans
Posted on 11/6/22 at 8:59 am to The Torch
You’re an idiot. You can’t buy insurance to cover a bet
Posted on 11/6/22 at 9:02 am to The Torch
quote:
He has an insurance company which kicks in at a certain level on losses and wins.
How do you get one of these insurance policies to cover gambling losses?
I don’t quite understand how he pulls this off. He either loses the bet, therefore the money, but he makes it up in furniture sales? That can’t be $85million in profit?
I’m missing something but I’m not very smart sometimes.
This post was edited on 11/6/22 at 9:04 am
Posted on 11/6/22 at 9:10 am to stout
Who else is walking around like they got 10lb balls this morning?
Posted on 11/6/22 at 9:15 am to supadave3
He has a promotion for his furniture store(it’s not a small business). If the Astros win the World Series, everyone that bought gets their money back. Free furniture when the Astros win the WS. He placed these bets to cover for when they do win the World Series. Yes, he technically won $75M on sports bet. He will probably pay out $50M or more to customers from the promotion.
There are insurance companies that sell insurance for big crazy promos like this. Think about hole in one promos at golf tournaments. They always buy insurance for that. Mack chooses to use sports betting as his insurance policy to cover when the Astros win and he has to pay out. He does Math. He profits. Lots of marketing. And many believe he’s just a big gambler. Not so fast my friend.
There are insurance companies that sell insurance for big crazy promos like this. Think about hole in one promos at golf tournaments. They always buy insurance for that. Mack chooses to use sports betting as his insurance policy to cover when the Astros win and he has to pay out. He does Math. He profits. Lots of marketing. And many believe he’s just a big gambler. Not so fast my friend.
Posted on 11/6/22 at 9:18 am to BawtHouse
28.99% APR on purchases, he’s winning everyday!
Posted on 11/6/22 at 9:26 am to stout
Heard him say he'd probably come out ahead by $500,000 when its all said and done.
Posted on 11/6/22 at 9:29 am to supadave3
quote:
How do you get one of these insurance policies to cover gambling losses?
I don’t quite understand how he pulls this off. He either loses the bet, therefore the money, but he makes it up in furniture sales? That can’t be $85million in profit?
I’m missing something but I’m not very smart sometimes.
Genius! He starts a promotion and tells people if they buy furniture between certain dates, and Team X wins the championship, the customer gets a refund on their furniture. Think about it, if you are in the market to buy furniture, why would you buy it anywhere else? There's a chance you could get it for free. Probably marks up the price higher too.
If Team X losses, he still drummed up a shitload of business over 6 months. If they win, he collects on the bets he placed and refunds the customers.
I bet all the furniture stores within 100 miles of him, hates his guts!
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News