Kentucky Derby 2021: As The Top Favorites Ready For Battle, A Texas Furniture Magnate Announces A $2 Million-Plus Bet On Essential Quality forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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James McIngvale
James McIngvale, the colorful Houston furniture magnate and horse owner known as Mattress Mack, will make the largest wager in Kentucky Derby history Saturday on unbeaten favorite Essential Quality and he s betting the $2 million or more at Churchill Downs in order to maximize the money that goes toward horsemen s purses.
McIngvale is famous for tying major sporting events into marketing promotions at his Gallery Furniture mega-stores. Customers who spend $3,000 or more on certain mattresses and bed sets in a given time frame get their money back (or 150 percent of what they spent in in-store credit) if the promotion s featured team or in this case, horse wins.
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Jim McIngvale has become notorious in Houston for mixing business and pleasure. His business is selling mattresses, and his guilty pleasure is laying bets on big sporting events. He s taking his pocketbook to Louisville this weekend to place a record bet.
He s known in the greater Houston area as Mattress Mack. Sometimes he makes wild wagers on Houston-area teams to win titles. In return, anyone who buys pricey mattresses at his Gallery Furniture stores get their money back if his home team wins. In 2017, he refunded money because the Astros won the World Series. In 2019, he lost his bet on the Astros but got the revenue from selling furniture.
Mattress Mack honored with new ice cream yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
He did it to help businesses survive the lockdown.
It was such a unique idea and very successful.
One of those businesses is returning the flavor..I mean, favor.
It s called Mattress Mack Peaches & Cream.
Sounds tasty!
Nickey Ngo is the owner of Red Circle Ice Cream and she s happy to honor Mack after he helped her business.
You can get Mattress Mack s Peaches & Cream this Saturday (May 1st) exclusively at the Chinatown location (6838 Ranchester) off Bellaire.
You can also check out the other locations, just CLICK HERE.
All proceeds from this flavor will be given to the Houston Food Bank.