Despite Losing More Than $13 Million on the Houston Astros, Superfan Mattress Mack Says He Would Do It Again

The Houston Astros World Series loss to the Washington Nationals saw Jim "Mattress Mack" McIngvale to lose more than $13 million in sports bets, but according to the superfan, this won't be his last bet.

McIngvale has been in the spotlight since the start of the MLB postseason thanks to his outlandish World Series bets. He started off by placing a $3.5 million bet on October 1, which ranked as the largest bet ever placed by a U.S. bookmaker.

McIngvale then went on to continue to bet on the Astros throughout the playoffs and the World Series as a way of hedging a promotion he was holding at his furniture store, Gallery Furniture.

The "Win it All" promotion offered fans a full refund on mattress purchases of $3,000 or more, if the Astros won the World Series. According to McIngvale, the promotion tallied a total liability of $20 million. Since the Astros didn't win the World Series, people will have to pay full price for their mattress purchases, which will help McIngvale pay the gambling debt.

"I would do this again tomorrow – and I probably will," McIngvale told the Action Network. "It's fun to be part of the greatest story in gambling history."

This is not the first time McIngvale has held a promotion aligned with sports contests. In 2014 Mack held a Super Bowl promotion where he promised fans a full refund on purchases of $6,000 or more if the Seattle Seahawks beat the Denver Broncos. When the Seahawks won the game 43-8, Mack had to pay back around $7 million.

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When his beloved Astros made their previous World Series run in 2017, Mack held almost the same promotion as this year. Customers were given a full refund on purchases of $3,000 or more when the Astros beat the Los Angeles Dodgers in Game 7. McIngvale told ESPN that he had to pay back more than $10 million for the 2017 promotion.

McIngvale also told ESPN that in order to hedge the 2017 promotion, he placed more than $1 million in bets on the Astros to win the World Series.

These experiences may have helped McIngvale finally figure out how to perfectly balance out his bets and promotion refunds. "I feel like I hedged perfectly," he told the Action Network.

According to McIngvale, all of his bets totaled more than $13 million and would have won him around $25 million if the Astros had won the title. Despite the Astros loss, McIngvale will still profit approximately $7 million, stemming from the $20 million customers spent at his furniture store.

After the Astros lost on Wednesday night, Westgate sportsbook released their odds for the 2020 World Series. The Astros were the favorite to win with 5/1 odds.

Jim "Mattress Mack" McIngvale
Houston Astros fan Mattress Mack wants to continue betting despite losing millions on World Series Bob Levey/Getty
Despite Losing More Than $13 Million on the Houston Astros, Superfan Mattress Mack Says He Would Do It Again | Sports