Who Is Jim Mcingvale?

We do believe that many people from the USA, at the moment when sports betting is becoming legal in more and more states, it is about time to gain certain lessons. Learning from others’ successes and failures is the best way to improve your knowledge. Because of that, the gambling journey of Jim Mcingvale is something all our readers should hear.

For starters, Jim Mcingvale is a furniture shop owner. That is the main reason why his nickname is Mattress Mack. However, the reason why he has become popular across the country is not his business. He is one of the biggest sports betting enthusiasts in the world!

So, Why Is He So Special?

For starters, we need to move back to the Super Bowl LV. Last year, the owner of the furniture shop invested 3.46 million dollars! He placed a wager on the Tampa Bay Buccaneers win (the odds were +3.5). Fortunately for him, Tom Brady, one of the best quarterbacks in the world, managed to, together with his team, win the Super Bowl finals. Believe it or not, that victory brought 2.75 million dollars of profit to Jim McIngvale.

However, for those that do not know, sports betting is not legal in Texas. Because of that, Jim had to get a flight to Colorado to place a bet. It seems that the investment he made for that trip paid off in the end.

But, His Sports Gambling Career Isn’t That Successful

To make things clear, Jim is not a perfect example of a professional gambler. Before his biggest win, he lost a lot of money. Many people would say now – you will win millions only if you invest a lot. However, that’s not quite correct. You truly need to be a professional and get the ability to predict the outcome of certain games.

One of the biggest failures he had during his gambling career costed him 2 million dollars. Last year, he placed a wager against the Chiefs in Kansas City. He did that two times (in the first two games) and lost 2 million dollars in total.

Another loss he had appeared during Super Bowl LIV. 2 years ago, he invested 1 million dollars on the San Francisco 49ers. The odds were +120 over the Chiefs. Unfortunately, just like in the previous example, he lost everything.

Baseball Was His Biggest Passion and Failure

After reading the previous part, you will probably say “this guy is crazy”. But, believe it or not, the millions we mentioned are not the biggest financial loss that this sports gambling fanatic has. His biggest passion was actually baseball. He is a big fan of the Houston Astros (he lives in Houston).

So, what exactly happened in the 2019 World Series? He invested 14 million dollars on the Astros. We have to repeat once again – 14 MILLION DOLLARS. Yet, in one of his interviews, he had a silly statement. He confirmed that he failed to earn money, but he also said he does not regret it at all. The Houston Astros brought him money only 2 years before that when he managed to earn 1 million from betting.

He Also Loves to Bet on Politicians

Election Day 2017 was probably one of the craziest for Jim McIngvale. However, then, he had a special offer. The owner offered refunds on a wide range of mattresses he sells. Each refund was around 2 thousand dollars and everyone who picked the winning political party would get it. Unfortunately for him, the victory of Donald Trump cost him nearly 10 million dollars.

So, How to Be Good at Online Sports Gambling?

Well, every success or failure story in the gambling world can serve as a lesson. Many people hesitate to start their sports betting journey as they do not want to lose money. If you gamble the same way Jim did, then you will probably deal with that sort of income.

However, after reading some of the most exciting moments of his gambling journey, we can make certain conclusions. There are a couple of ways you can improve your sports betting skills. Let’s find them out together!

Pick the Sport You LOVE

As you saw, Jim was a big fan of baseball. However, he placed a wager on different sports many times during his career. That can be a wrong move as you can’t be an expert in every type of sport. Instead of that, find the sport that you actively follow. After you do that, follow the leagues you will regularly analyze. It is okay to have up to 5 of them. Everything above that will expose you to higher risks.

Organize Your Budget Properly

The first part of the text probably convinces you to invest more money so you could become rich. However, the second part of the story is there to remind you that the sports gambling world is full of uncertainty.

As a beginner, you should not deposit a lot of money into your sports betting account. Instead of that, use all the bonuses you get and reduce the costs you will have that way. After you spend them, do not invest a lot!

Your duty will be to organize your budget properly. Don’t dream millions as they will not come immediately after you start your betting journey. Know in every moment how much you can afford to spend without neglecting all the costs that you have.

Choose the Best Sportsbooks

You have to understand that not all sportsbooks (as well as online casinos) are going to give you the same service. At first glance, they may look identical, but the tiniest details are those that make the major differences.

Before you deposit money to a particular online sportsbook, you should explore all the options that you have. Compare the bonuses, odds for the leagues that you follow, customer support, and payment options. These features will tell you which casinos meet your requirements and expectations the most.

Properly Analyze Each Game and Develop Strategies

Jim is not the type of person that will explore games too much. However, we are pretty sure he was analyzing the games enough to make his own conclusions. Without any doubt, he made a lot of mistakes as his analyses were not quite accurate. He probably didn’t put into consideration all the factors that could influence the outcome of the matches.

Because of that, you need to properly analyze games and develop strategies. However, it is worth mentioning that you also need to have plan B. The sports betting and gambling world are full of uncertainty. You need to make flexible strategies that will easily allow you to adapt to the newest changes.