By Jason Hall
Houston furniture store owner
Jim Mattress Mack McIngvale said he plans on making the largest wager in Kentucky Derby history during the annual race at Churchill Downs this weekend.
McIngvale, 70, told
the
Las Vegas Review-Journal that he plans to bet 2 million plus, maybe $3 million, maybe $4 million on
Essential Quality, the 5-2 favorite to win on Saturday (May 1.)
McIngvale has been known to place multimillion-dollar bets in recent years in an effort to hedge potential losses on furniture promotions, with Saturday s bet offering customers a chance to get their money back on a mattress purchased at $3,000 or more if the favorite wins the Kentucky Derby.
By Jason Hall
Houston furniture store owner
Jim Mattress Mack McIngvale said he plans on making the largest wager in Kentucky Derby history during the annual race at Churchill Downs this weekend.
McIngvale, 70, told
the
Las Vegas Review-Journal that he plans to bet 2 million plus, maybe $3 million, maybe $4 million on
Essential Quality, the 5-2 favorite to win on Saturday (May 1.)
McIngvale has been known to place multimillion-dollar bets in recent years in an effort to hedge potential losses on furniture promotions, with Saturday s bet offering customers a chance to get their money back on a mattress purchased at $3,000 or more if the favorite wins the Kentucky Derby.
By Jason Hall
Houston furniture store owner
Jim Mattress Mack McIngvale said he plans on making the largest wager in Kentucky Derby history during the annual race at Churchill Downs this weekend.
McIngvale, 70, told
the
Las Vegas Review-Journal that he plans to bet 2 million plus, maybe $3 million, maybe $4 million on
Essential Quality, the 5-2 favorite to win on Saturday (May 1.)
McIngvale has been known to place multimillion-dollar bets in recent years in an effort to hedge potential losses on furniture promotions, with Saturday s bet offering customers a chance to get their money back on a mattress purchased at $3,000 or more if the favorite wins the Kentucky Derby.
the
Las Vegas Review-Journal that he plans to bet 2 million-plus, maybe $3 million, maybe $4 million on
Essential Quality, the 5-2 favorite to win on Saturday (May 1.)
McIngvale has been known to place multimillion-dollar bets in recent years in an effort to hedge potential losses on furniture promotions, with Saturday s bet offering customers a chance to get their money back on a mattress purchased at $3,000 or more if the favorite wins the Kentucky Derby.
“The favorite has won six of the last seven Kentucky Derbies run on the first Saturday in May. So the customers have an 85 percent chance of winning,” Mack said. “My dilemma as a gambler is how to feed money into the pari-mutuel pool without killing the odds.”
By Jason Hall
Houston furniture store owner
Jim Mattress Mack McIngvale said he plans on making the largest wager in Kentucky Derby history during the annual race at Churchill Downs this weekend.
McIngvale, 70, told
the
Las Vegas Review-Journal that he plans to bet 2 million plus, maybe $3 million, maybe $4 million on
Essential Quality, the 5-2 favorite to win on Saturday (May 1.)
McIngvale has been known to place multimillion-dollar bets in recent years in an effort to hedge potential losses on furniture promotions, with Saturday s bet offering customers a chance to get their money back on a mattress purchased at $3,000 or more if the favorite wins the Kentucky Derby.