America’s most famous furniture seller is known for his outrageous multi-million dollar bets on sporting events. Jim McIngvale is now launching Gallerysports.com to sell more furniture.
Mstewardess mac ho bet now In the field of media.
Jim McKingvillethe 71-year-old furniture entrepreneur in Houston and famous gambler Affectionately known as “Matris Mac” Launch a sports news website who – which is a promise To be your “one-stop shop for everything in Texas and Louisiana Sports.” McIngvale says he’s interested in publishing great journalism, but as at the heart of everything he does, he hopes to help Gallery Sports sell mattresses in Gallery Furniture stores.
“I’m a promoter,” McIngvale says. “I have a lot of wild and crazy ideas, a lot of them will fail, but a few will be true.”
Mac isn’t selling ads yet, but says that if the site posts great content and gets enough traffic, it will. “We expect to make money selling ads eventually, but that will be a long-term pull of six months to a year,” he says.
McIngvale, who owns the three-store Texas Gallery Furniture chain, used to make it The bets that grab the headlines for decades. But his bets – including A $9.5 million bet on the Cincinnati Bengals To beat the Los Angeles Rams in Super Bowl LVI In February – Hedges against his big sales offers. During the Super Bowl, customers who bought a $3,000 mattress or chair before starting were offered a full refund if the Bengals won. Cincinnati lost, taking his multimillion dollar bet. But it wasn’t all bad. He sold furniture worth $20 million.
He might be an all-American rambler, but The economics behind McIngvale’s astrological bets intact. Mac promotions and sports bets helped him grow his business, which he started with his wife Linda in 1981. In 2019, the show had generated $164 million in revenue, and by the end of 2021, sales had grown nearly 40% to more than $230 million.
With a few dozen contract employees working for Gallery Sports, including former Houston Chronicle For sports journalists, McIngvale says he has invested $500,000 in his new media venture.
Eventually, McIngvale will launch a second site, Gallery Gaming, focused on his other passion – sports gambling. The site will publish odds, analysis and of course stories about its bets. He won’t sell shots like for sure Sports betting scammers. “I don’t believe in selling shots; it puts people in bad situations,” he says. The locations will cover Texas and Louisiana sports, but he hopes to expand it to include national and world coverage. “We’ll run before we run,” he says. “But we’ll likely do a lot more,” he says. Of the things in the big events, like the World Cup and that kind of thing.”
Over the past 15 years, McIngvale’s biggest gamble has been for the Houston Astros to win the 2019 World Series. He put a total of $17 million on his hometown team and lost when the Washington Nationals defeated the Astros. But the most painful loss was during last year’s World Championships when McIngvale placed a $2 million futures bet on the Astros with a probability of 18 to 1. He would have made $36 million if the Atlanta Braves had not defeated the Houston.
This year, McIngvale has been somewhat invested in the Astros again. An understatement ever because he made multiple bets totaling $10 million for Houston to win the world championship. If the Astros win the Fall Classic, Mack will receive $75 million. Of course, Gallery Furniture keeps another upgrade tied to its huge bet. (If a customer spends $3,000 or more on a mattress and the Astros wins the World Series, they get the full refund.) McIngvale says the show has sold $50 million in mattresses so far — and the World Series nearly two months before it.
With the NFL kicking off this week, Mac is also ready for the football season, but he’s waiting for a good promotion before he makes a big bet. In the meantime, he’ll root for the Houston Texans because he says “I’m Homer, that’s the way I am now.” But he also loves how the Green Bay Packers look this season.
While the sports website’s motivation is to “sell more furniture,” McIngvale admits he has higher goals. In times when trust in the media has waned and become highly partisan, Mac believes his site can help bring people together.
“I bet on the fact that I know people love sports, and one of the things I love is that sports are the great unifier,” McIngvale says. “No matter if you are right, left, center or whatever, everyone unites. It is good for our current divisive times.”