"Mattress Mack Bets $1M on Houston in March Madness"
Texas businessman Jim "Mattress Mack" McIngvale has placed a $1 million bet on the Houston Cougars to win the 2024 NCAA men's basketball championship, tied to a promotion at his furniture stores. If successful, he stands to win an estimated $7.5 million, which will fund a promotion offering refunds to customers who purchase a specific mattress if Houston wins. This is not the first time McIngvale has made large sports bets for promotional purposes, having previously wagered $3 million on TCU football.