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Houston Mattress Salesman lost a $13,000,000 bet on the Astros World Series loss.

 
AgileMind
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11/10/2019 09:52 PM
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Houston Mattress Salesman lost a $13,000,000 bet on the Astros World Series loss.
The number is MORE than $13 million... he is only willing to admit that much.

Jim "Mattress Mack" McIngvale lost more than $13 million in wagers when the Astros lost to the Nationals in Game 7 and failed to win the World Series. A win would have netted him $25 million. He told Rovell that he would do it again without question.

What was he thinking?

“Mattress Mack” spent a lot of time & money flying around the country gambling to hedge his $20 million in liability from his “Astros win” promo. He wanted to give away the mattresses & furniture. With the Astros down 4 into their final at bats, the realization is setting in.
AgileMind
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11/10/2019 10:46 PM
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Re: Houston Mattress Salesman lost a $13,000,000 bet on the Astros World Series loss.
Can you provide a link?
He offered free stuff to his clients if the Astros won the world series. When it looked like it might happen, he hedged by betting on Washington.

I don't think he lost in total. I don't know how much he lost on the bets, but he didn't have to pay 20 mill.
The more I know, the crazier I appear to be.

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AgileMind  (OP)

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11/10/2019 11:26 PM
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Re: Houston Mattress Salesman lost a $13,000,000 bet on the Astros World Series loss.
[link to www.USE_FULL_LINKamp.cnn.com (secure)]
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