Last Updated Nov 10, 2022, 5:19 PM
World Series Odds and Action Report
US Sports Betting Industry Expert
World Series odds for the 2022 season are now in the books. And the bookmakers took a record beating.
The Houston Astros beat the Philadelphia Phillies 4-1 in Game 6 to win the best-of-7 series, 4-2. And with it, Jim “Mattress Mack” McIngvale cashed out $10 million in Astros futures bets, for a cool $75 million.
McIngvale’s wagers were a massive hedge to cover his Houston furniture store’s mattress promotion. So all those winnings go back to the customers.
The Mattress Mack Effect
Through five innings of Saturday night’s Game 6, neither team could plate a run. Then Philly got a Kyle Schwarber solo shot to take a 1-0 lead in the top of the sixth inning. That gave Phillies fans – and risk room managers – a little ray of hope that maybe Philadelphia could at least push this to Game 7.
But Houston responded with a four-run bottom of the sixth, beginning with a Yordan Alvarez three-run bomb, to take a 4-1 lead and never looked back.
Caesars then paid out $30 million on McIngvale’s $3 million Astros 10/1 bet, a wager made in May. It’s the largest win on a single sports bet in U.S. legal, regulated sports betting history.
“What can we say? We just wrote the biggest check in sports betting history to Mattress Mack,” Caesars Digital COO Ken Fuchs said. “Would we do it all again? You bet.”
WynnBet was on the hook for the second-largest Mattress Mack ticket, $1 million at 12/1 odds, also taken in May. So that accounted for another $12 million.
BetMGM took a $2 million McIngvale play at 5/1 in July, for a $10 million net win. Other books had $1 million bets at 5/1, including BetFred.
Said BetFred CEO and founder Fred Done, in congratulating McIngvale: “You had the guts, the balls to put your money on the line. You put $1 million on the Astros with me at 5/1. They’ve won, you deserve your money, I’m paying you.”
2023 World Series Odds
The bookmakers wait for no one, so 2023 World Series futures odds have already been up for a week or more at some spots. Caesars Sports has the Los Angeles Dodgers as the the 5/1 favorite, followed by the Astros at 6/1. Then come the Atlanta Braves and New York Yankees at +850.
Los Angeles was the odds-on favorite throughout the 2022 season, but tumbled to the San Diego Padres in the NLDS. Atlanta won the 2021 World Series, but bowed out to the Phillies in this season's NLDS.
The Yankees fell to the Astros in the ALCS.