Scott Soshnick, Eben Novy-Williams and Michael Barr discuss a host of issues related to the business of sports, including a Houston furniture store owner's $3.5 million bet on the Astros to win the World Series. Jim McIngvale, aka ``Mattress Mack,'' placed the bet as a hedge against a promotion he previously ran in the store that calls for customers to get refunds on purchases of $3,000 or more if the Astros win baseball's championship. The bet would net McIngvale $7.7 million. Also discussed is Nike Chief Executive Officer Mark Parker firing back against a ruling that a company-backed running coach doped athletes as part of a Nike program. In a memo to staff Parker said the experiments with performance-enhancing drugs were meant to prevent doping. Also talked about is Flutter Entertainment's purchase of The Stars Group, creating a betting behemoth. The deal values Stars at about $6 billion. Flutter was formerly known as Paddy Power. 

Hosts: Scott Soshnick, Eben Novy-Williams and Michael Barr

Producer: Tim Herro

Scott Soshnick, Eben Novy-Williams and Michael Barr discuss a host of issues related to the business of sports, including a Houston furniture store owner's $3.5 million bet on the Astros to win the World Series. Jim McIngvale, aka ``Mattress Mack,'' placed the bet as a hedge against a promotion he previously ran in the store that calls for customers to get refunds on purchases of $3,000 or more if the Astros win baseball's championship. The bet would net McIngvale $7.7 million. Also discussed is Nike Chief Executive Officer Mark Parker firing back against a ruling that a company-backed running coach doped athletes as part of a Nike program. In a memo to staff Parker said the experiments with performance-enhancing drugs were meant to prevent doping. Also talked about is Flutter Entertainment's purchase of The Stars Group, creating a betting behemoth. The deal values Stars at about $6 billion. Flutter was formerly known as Paddy Power. Hosts: Scott Soshnick, Eben Novy-Williams and Michael BarrProducer: Tim Herro

Michael Barr, Vanessa Perdomo and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back-page entertainment. The show explains the money behind the games.

Michael Barr, Vanessa Perdomo and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back-page entertainment. The show explains the money behind the games.

Scarlet Fu, Michael Barr and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry.

Bloomberg Business of Sports

$3.5 Million Bet on Astros Is Hedge Against Promotion

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