Houston furniture store owner Jim ‘Mattress Mack’ McIngvale suffered a significant financial setback due to the Houston Astros‘ loss in Game 7 of the American League Championship Series to the Texas Rangers.
McIngvale had initially wagered 6.9 million dollars on the Astros to win the World Series. He had also placed three other bets during the season, totalling 5.9m dollars.
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These bets could have yielded him a substantial payout if the Astros had repeated as champions.
However, McIngvale‘s hopes were dashed as the Astros were defeated, marking the end of their World Series aspirations.
Who is Jim ‘Mattress Mack’ McIngvale?
The 72-year-old had become known for his large sports bets, particularly on the Astros, and he won 75m dollars in the previous season by betting on their success, with the team going on to win the 2022 World Series against the Philadelphia Phillies.
It wasn’t to be in 2023, and the game where the Astros lost saw a pivotal moment when pitcher Bryan Abreu gave up a two-run homer to Nathaniel Lowe.
This loss not only ended the Astros‘ season but also had a personal impact on McIngvale‘s financial situation.
It was reported by The Daily Mail that McIngvale was set to win 43.4m dollars if the Astros had won this season’s World Series.
What will be the long-term effects of pneumonia for Mary Lou Retton?
Good news for Mattress Mack regarding Mary Lou Retton
Meanwhile, Olympic legend Mary Lou Retton is recovering from pneumonia and has been released from the ICU, now resting at home.
A SpotFund was set up to help with her medical expenses, and it received an overwhelming response, with 8,319 donations totaling 459,304 dollars.
Mattress Mack contributed significantly by pledging 50,000 dollars, along with his wife Linda, to support the Olympic gold medalist.
McIngvale praised Retton‘s career and her influence on gymnastics, highlighting the deep admiration and community support for her recovery.
As such, the positive news about Retton means it hasn’t been all that bad a week for the Houston businessman.
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