CNN by By David Williams 10/31/2019
Houston's 'Mattress Mack' lost $13 million in bets on the Astros World Series loss but says he'd do it again
Houston furniture mogul Jim "Mattress Mack" McIngvale had a lot riding on Game 7 of the World Series, whether his beloved Astros won or lost.
They did end up losing 6-2 to the Washington Nationals on Wednesday and McIngvale says he lost about $13 million that he bet on the Astros to win it all.
Despite the huge amount involved, McIngvale told CNN that he's not a big gambler -- the mega bets were more of an insurance policy.
He had promised to give customers who spent more than $3,000 on certain mattress purchases a full refund if the Astros won the World Series.
McIngvale said that if the Astros had won, his winnings would have covered the cost of his customers' free mattresses.
More:
https://www.cnn.com/2019/10/31/us/mattress-mack-furniture-bet-trnd/index.html
