Vote now in the 2021 Best of San Antonio Readers Poll.

Friday, November 3, 2017

Mattress Mack Loses $10 Million in World Series Bet, But Really Gives Back to Houston

Posted By on Fri, Nov 3, 2017 at 11:01 AM

click to enlarge PHOTO VIA INSTAGRAM, JAMAICANJASON62
While San Antonians might not know him by name, you probably recognize Jim "Mattress Mack" McIngvale as the guy who opened his furniture store's doors to Houston's displaced during Hurricane Harvey in August.

Even months before the storm that ravaged through eastern Texas, the furniture mogul made a bet with his customers. If they spent more than $3,000 on a mattress from his Gallery Furniture store, he would refund them if the Houston Astros won the World Series.



And as we saw Wednesday night, Houston's baseball team did just that, and for the first time in franchise history.

"The Astros inspired the city. We're thrilled to give this money back to excited customers. We bleed orange out here," McIngvale told Chron.com.

But even though his act was out of pure genorosity, that doesn't mean Mattress Mack is really losing all that money. According to ESPN, he supposedly took out an insurance premium to cover some of the cost of what he would have to pay back customers and placed bets on the Astros in Las Vegas, earning him at least $1 million.

Tags: , , , , , , , , , , ,

Support Local Journalism.
Join the San Antonio Current Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the San Antonio Press Club for as little as $5 a month.

Read the Digital Print Issue

June 2, 2021

View more issues

Newsletters

Join SA Current Newsletters

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Calendar

© 2021 San Antonio Current

Website powered by Foundation