How An Entrepreneur Built A $240 Million Empire By Selling Furniture And Making Big Bets

For Jim McIngvale, the Houston furniture mogul known as “Mattress Mack,” placing multi-million-dollar wagers on big games has become a signature promotional tool and growth vehicle for his business. For years, McIngvale, who owns the three-store chain Gallery Furniture, has made his headline-grabbing wagers not for gambling glory, but as sensible hedges against his big sales promotions. During the Super Bowl, March Madness, the World Series, and other events, Mack will place a giant bet on one team—either a Texas club or one closest geographically to his home state—and offer customers a full refund if they win. Read the full story on Forbes: https://www.forbes.com/sites/willyakowicz/2022/04/06/mattress-mack-jim-mcingvale-sports-bets-march-madness-super-bowl/?sh=63d04bf05264 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

How An Entrepreneur Built A $240 Million Empire By Selling Furniture And Making Big Bets






For Jim McIngvale, the Houston furniture mogul known as “Mattress Mack,” placing multi-million-dollar wagers on big games has become a signature promotional tool and growth vehicle for his business. For years, McIngvale, who owns the three-store chain Gallery Furniture, has made his headline-grabbing wagers not for gambling glory, but as sensible hedges against his big sales promotions. During the Super Bowl, March Madness, the World Series, and other events, Mack will place a giant bet on one team—either a Texas club or one closest geographically to his home state—and offer customers a full refund if they win. Read the full story on Forbes: https://www.forbes.com/sites/willyakowicz/2022/04/06/mattress-mack-jim-mcingvale-sports-bets-march-madness-super-bowl/?sh=63d04bf05264 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.