Dude is addicted to the game

I may look different, but the opportunity should look familiar! Think Astros promotion at @GFToday, with the Frogs on Monday Night. Here's your chance to reward yourself with a great night's sleep, and it could be on us! Go Frogs!!

Promotion details at: https://t.co/VTcuLvkeXL pic.twitter.com/sY7U0cAdcC

— @MattressMack (@MattressMack) January 5, 2023

It's actually over 3 million

Isn't it just insurance on whatever offer he makes to customers if TCU wins?

Definitely a hedge , more fun , less expensive and better PR than calling an insurance company

mos03c said:

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Isn't it just insurance on whatever offer he makes to customers if TCU wins?

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Sure, but its fun for all involved and to watch.

He will gain money win or lose with the publicity and rich TCU alumni will give him business later or invite him to functions.

I'll never forget sitting in my ****ty apartment in League City in '91 with barely a stick of furniture, having this guy yell "Saves You Money" at me on TV, calling the number, and having him personally answer the phone. Hardest working man in furniture.

Yeah he's not risking anything. He'll make $ either way.

Smart businessman.
Take the points to the bank.

This is not gambling

No kidding. I always saw Mack on tv, but when I strolled through Gallery Furniture and realized the old, tired man grumbling into the PA was actually him, I was shocked. Dude looked dead tired but was just grinding away.

That was like 15 years ago. Amazing endurance and drive.

And the last time we played TCU was in the GalleryFurniture.com bowl.

mos03c said:

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Isn't it just insurance on whatever offer he makes to customers if TCU wins?

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Yes. This is just a hedge against his "Free furniture if X team wins!" promotions.

The media play it up like some huge gamble, though lol

I know him personally and he has been good for Houston.

20ag07 said:

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And the last time we played TCU was in the GalleryFurniture.com bowl.

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That was 2001 and I was at the game.
We kept what might be the longest win streak against another team in all of college football going.
I believe that's 27 games.
Hard to believe it's been that long.

Aggies2009 said:

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mos03c said:

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Isn't it just insurance on whatever offer he makes to customers if TCU wins?

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Yes. This is just a hedge against his "Free furniture if X team wins!" promotions.

The media play it up like some huge gamble, though lol

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Ok, just thinking through the numbers here…

If he bets 3 million and loses, the makeup is all of the furniture sales he made during the promotion? Are the normal prices jacked up during the promotion to at least offset the initial $3 mill bet?

How much, realistically, does a promotion like this bring in, business wise?

But if he wins, the casinos owe him like $15 mill, but he has to refund all the furniture sales?

Still seems kinda risky to me.

Hungry Ojos said:

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Aggies2009 said:

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mos03c said:

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Isn't it just insurance on whatever offer he makes to customers if TCU wins?

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Yes. This is just a hedge against his "Free furniture if X team wins!" promotions.

The media play it up like some huge gamble, though lol

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Ok, just thinking through the numbers here…

If he bets 3 million and loses, the makeup is all of the furniture sales he made during the promotion? Are the normal prices jacked up during the promotion to at least offset the initial $3 mill bet?

How much, realistically, does a promotion like this bring in, business wise?

But if he wins, the casinos owe him like $15 mill, but he has to refund all the furniture sales?

Still seems kinda risky to me.

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I'm pretty sure he places his bet AFTER the promotion has ended. The promotion usually runs for a few days before the game/series/whatever and ends a few days before the event, where he then goes and places his bet.

So he bets exactly what he needs in order to make up the money that he loses due to his giveaways. For instance, he claims he gave away $70 million worth of mattresses (and money back) when the Astros won the World Series (https://www.galleryfurniture.com/frogs-promotion.html). The promotion was if the Astros won the WS, customers who spent at least $3000 would get DOUBLE their money back. Which is pretty cool- lots of people have said it's changed their lives. So he saw how much he'd owe in the case of an Astros win and he bet $10 million with average 7.5 to 1 odds for the Astros to win, netting him $75 million. I'd bet he writes off a LOT in that giveaway as well.

Now, if the team LOSES? I don't know. Like I said, that $3 million was that amount for a reason. He may take a loss if the Frogs lose, sure. But this man is extremely wealthy. A $3 million loss isn't much to him when he can give away $15 or so million to people. He's a super smart man who knows what he's doing.

https://www.foxsports.com/stories/college-football/college-football-odds-mattress-mack-betting-on-tcu-to-beat-georgia

He says here stuff like, "The line was SO heavy that it made sense to do a promotion". But then he placed another bet just because he liked the odds. When you're a millionaire, you can do that haha

Quote:

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The economics of McIngvale's strategy has mostly paid off. During his March Madness promotion he bet a total of $9.86 million across four bets and won $13.5 million. (Mack's bets were a $1 million futures bet on the East bracket to win $1.7 million, the only bet he lost, then $2.25 million on Kansas at +190 to win $6.5 million; $3.31 million on Kansas at +190 to win $6.3 million; and $3.3 million on Kansas at 200 to win $1.7 million.) Gallery sold a total of $12.9 million worth of furniture during the promotion, so once he refunds all of his customers, which he will do on April 24 during a big party in his store, he'll have more than a $500,000 profit.

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https://www.forbes.com/sites/willyakowicz/2022/04/06/mattress-mack-jim-mcingvale-sports-bets-march-madness-super-bowl/?sh=c1af2205264a

He knows what he's doing.

20ag07 said:

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Gallery sold a total of $12.9 million worth of furniture during the promotion,

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That was the biggest question for me- how much a promotion like this brings in. Thanks.

He is a phenomenal salesman!

Now, what if he has also bet $2 million on Georgia, but keeps that a secret?

I think someone has a gambling problem

Some very successful businessmen have a gambling problem
that they disguise as being aggressive business people

Works great until it doesn't

He was giving away TCU shirts this weekend at the store. Aggie buddy of mine bought some new furniture and was given 4 tee shirts. One for him and his three kids.

Mac was great when he handed us the tallest trophy in bowl story after we kicked the know-nothing Frogs. TCU came in thinking it was their Super Bowl.

I have season FB tickets ( not to humble brag), and every time Matress Mack ad shows on the Jumbotron the place goes wild. Dude is doing something right and my hat goes off to him

It's all marketing. Ever talked to him 1 on1 where he has nothing of me fart value to gain? You'll discover a lot.

BudFox7 said:

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It's all marketing.

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Thanks captain obvious

dreyOO said:

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No kidding. I always saw Mack on tv, but when I strolled through Gallery Furniture and realized the old, tired man grumbling into the PA was actually him, I was shocked. Dude looked dead tired but was just grinding away.

That was like 15 years ago. Amazing endurance and drive.

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I only went in GF one time in my life and sure enough, he was hauling mattresses with the help of some younger guys. This was 20+ years ago but he was an active owner in that business and not resting on his laurels.

TAMU74 said:

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Smart businessman.
Take the points to the bank.

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I assume you are saying 2 different thigs here. He is not taking the points on this illustration.

txaggieacct85 said:

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I think someone has a gambling problem

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Someone is missing out on the reason why he does this as stated above.

txaggieacct85 said:

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I think someone has a gambling problem

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Mattress Mack was just pronounced dead