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Monday, January 20, 2020

Astros superfan ‘Mattress Mack’ loses $2 million betting against Chiefs

It hasn’t been a great year for a certain Houston gambling enthusiast’s bank account.

Houston-area furniture chain owner Jim McIngvale, better known as “Mattress Mack,” lost nearly $12 million last year betting on the Astros to win the World Series, ostensibly as a way to hedge against a refund promotion for his stores. He had done the same thing in 2017, but it obviously worked out much worse last year.

McIngvale kicked off a new year of sports betting by turning his attention to a new sport, according to The Action Network. His bets: $1 million on the Houston Texans to beat the Kansas City Chiefs in the AFC divisional round, then $1 million on the Tennessee Titans to beat those same Chiefs in the AFC championship game.

Yeah, that didn’t work out.

Turns out it’s been a bad last few days for even people only tangentially tied to the Astros…..

 

QLE Posted: January 20, 2020 at 12:29 AM | 1 comment(s) Login to Bookmark
  Tags: astros, fans, gambling, winners and losers

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   1. "RMc", the superbatsman Posted: January 20, 2020 at 07:09 AM (#5917506)
Fun fact: the Titans and Chiefs franchises (then known as the Oilers and Texans, respectively) have met in a championship contest before, the famous "kick to the clock" game.

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