Famed sports bettor Jim “Mattress Mack” McIngvale is back with another massive wager.
The Texan placed a $1 million dollar futures bet on the Houston Cougars to win the 2021 National Championship at DraftKings Sportsbook.
At 9-1 odds, the bet would net him $10 million dollars if Houston wins the national title.
“Anything can happen in March Madness as we all know, but I’m ten toes down on Houston to bring the national title to Texas, and willing to stake a million dollars with DraftKings on that outcome,” McIngvale said.
“Mack has established himself in the sports betting community with several historic wagers over the years, and we are thrilled to take his latest action on Houston at 9-1 to win the NCAA Tournament," Johnny Avello, director of race and sports operations, said about the big bet.
"Houston has had a fine year and favorable start to the tournament, so we wish Mack the best of luck on his million-dollar bet as these highly entertaining and more advanced stages of March Madness unfold.”
The Cougars are playing Syracuse in the Sweet 16, favored by six-and-a-half points.
With a win, they would face the winner of Loyola Chicago and Oregon State for a chance to go to the Final 4 next weekend.
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