Mattress Mack after losing $11M on Astros' World Series loss: 'I would do this again tomorrow'

Some Houston Astros fans lost more than others in the 2019 World Series.

Many only had to eat the disappointment of losing a World Series in which they were the heavy favorites and had two chances to put the Washington Nationals away. A few had money or other bets riding on the result. But none were in the hole quite like a certain mattress salesman.

[Championship gear: Get your Washington Nationals World Series title merchandise here]

Jim McIngvale, the 68-year-old owner of a Houston-area furniture chain now widely known as “Mattress Mack,” saw more than $11 million in bets on the Astros to win the World Series turn to dust on Wednesday.

How much money did Mattress Mack lose on the Astros?

By The Action Network’s count, McIngvale had placed $11,961,000 on the Astros at different times throughout October in three different states, with his profits totaling $19,641,391 if the Astros took the trophy home. A similar, but much smaller, series of bets paid off for Mack in 2017, but not this time.

And yet, with sportsbooks officially gobbling up millions from his bank account, McIngvale told Darren Rovell of The Action Network he didn’t mind the gambling loss at all.

“My mattresses obviously had profit baked into them. I would do this again tomorrow — and I probably will. It’s fun to be part of the greatest story in gambling history,” McIngvale said after the Astros’ loss.

Of course, there is a good reason for McIngvale to be fine with the result. A win could have cost him even more.

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Houston Astros relief pitcher Roberto Osuna celebrates their teams win against the Washington Nationals in Game 3 of the baseball World Series Saturday, Oct. 26, 2019, in Washington. The Astros won 4-1. (AP Photo/Patrick Semansky)
Houston Astros relief pitcher Roberto Osuna celebrates their teams win against the Washington Nationals in Game 3 of the baseball World Series Saturday, Oct. 26, 2019, in Washington. The Astros won 4-1. (AP Photo/Patrick Semansky)
Houston Astros' Kyle Tucker steals second as Washington Nationals' Asdrubal Cabrera can't handle the throw during the sixth inning of Game 3 of the baseball World Series Friday, Oct. 25, 2019, in Washington. Tucker advanced to third. (AP Photo/Alex Brandon)
Houston Astros' Carlos Correa and Josh Reddick celebrate after Game 3 of the baseball World Series against the Washington Nationals Saturday, Oct. 26, 2019, in Washington. The Astros won 4-1. (AP Photo/Pablo Martinez Monsivais)
Oct 25, 2019; Washington, DC, USA; Houston Astros relief pitcher Roberto Osuna (54) and catcher Robinson Chirinos (28) celebrate after beating the Washington Nationals in game three of the 2019 World Series at Nationals Park. Mandatory Credit: Brad Mills-USA TODAY Sports
Houston Astros' Roberto Osuna and Robinson Chirinos celebrate after Game 3 of the baseball World Series against the Washington Nationals Saturday, Oct. 26, 2019, in Washington. The Astros won 4-1. (AP Photo/Pablo Martinez Monsivais)
HOUSTON, TX - OCTOBER 22: Members of the Washington Nationals celebrate after the Nationals defeated the Houston Astros 5-4 in Game 1 of the 2019 World Series at Minute Maid Park on Tuesday, October 22, 2019 in Houston, Texas. (Photo by Cooper Neill/MLB Photos via Getty Images)
Washington Nationals' Juan Soto, Washington Nationals 2 and Victor Robles celebrate after Game 1 of the baseball World Series against the Houston Astros Tuesday, Oct. 22, 2019, in Houston. The Nationals won 5-4 to take a 1-0 lead in the series. (AP Photo/Eric Gay)
HOUSTON, TX - OCTOBER 22: George Springer #4 of the Houston Astros is congratulated by first base coach Don Kelly #15 after hitting an RBI double in the eighth inning during Game 1 of the 2019 World Series between the Washington Nationals and the Houston Astros at Minute Maid Park on Tuesday, October 22, 2019 in Houston, Texas. (Photo by Cooper Neill/MLB Photos via Getty Images)
Washington Nationals' Sean Doolittle celebrates after Game 1 of the baseball World Series against the Houston Astros Tuesday, Oct. 22, 2019, in Houston. The Nationals won 5-4 to take a 1-0 lead in the series. (AP Photo/Eric Gay)
WASHINGTON, DC - OCTOBER 22: Washington Nationals right fielder Adam Eaton (2) attempts to catch a ball at the wall that falls for a double by Houston Astros right fielder George Springer (4) in the eighth inning during Game 1 of the World Series between the Washington Nationals and the Houston Astros at Minute Maid Park on Tuesday, October 22, 2019. (Photo by Jonathan Newton /The Washington Post via Getty Images)
Washington Nationals right fielder Adam Eaton can't get a glove on a RBI-double by Houston Astros' George Springer during the eighth inning of Game 1 of the baseball World Series Tuesday, Oct. 22, 2019, in Houston. (AP Photo/Matt Slocum)
WASHINGTON, DC - OCTOBER 22: Washington Nationals left fielder Juan Soto (22) touches home plate after a fourth inning home run to tie the game during Game 1 of the World Series between the Washington Nationals and the Houston Astros at Minute Maid Park on Tuesday, October 22, 2019. (Photo by Jonathan Newton /The Washington Post via Getty Images)
WASHINGTON, DC - OCTOBER 22: Washington Nationals left fielder Juan Soto (22) connects with a fourth inning home run during Game 1 of the World Series between the Washington Nationals and the Houston Astros at Minute Maid Park on Tuesday, October 22, 2019. (Photo by John McDonnell/The Washington Post via Getty Images)
HOUSTON, TEXAS - OCTOBER 22: The Washington Nationals celebrate their 5-4 win over the Houston Astros in Game One of the 2019 World Series at Minute Maid Park on October 22, 2019 in Houston, Texas. (Photo by Tim Warner/Getty Images)
The Washington Nationals celebrate after Game 2 of the baseball World Series against the Houston Astros Thursday, Oct. 24, 2019, in Houston. The Nationals won 12-3 to take a 2-0 lead in the series. (AP Photo/Eric Gay)
WASHINGTON, DC - OCTOBER 23: Washington Nationals starting pitcher Stephen Strasburg (37) throws a pitch in the third inning during Game 2 of the World Series between the Washington Nationals and the Houston Astros at Minute Maid Park on Wednesday, October 23, 2019. (Photo by Toni L. Sandys/The Washington Post via Getty Images)
HOUSTON, TX - OCTOBER 23: Alex Bregman #2 of the Houston Astros fields a ground ball but makes a throwing error in the seventh inning during Game 2 of the 2019 World Series between the Washington Nationals and the Houston Astros at Minute Maid Park on Wednesday, October 23, 2019 in Houston, Texas. (Photo by Rob Tringali/MLB Photos via Getty Images)
HOUSTON, TEXAS - OCTOBER 23: Jose Altuve #27 of the Houston Astros reacts against the Washington Nationals during the ninth inning in Game Two of the 2019 World Series at Minute Maid Park on October 23, 2019 in Houston, Texas. (Photo by Elsa/Getty Images)
HOUSTON, TX - OCTOBER 23: Josh Reddick #22 of the Houston Astros is forced out at second base by Asdrubal Cabrera #13 of the Washington Nationals during the seventh inning of Game 2 of the 2019 World Series between the Washington Nationals and the Houston Astros at Minute Maid Park on Wednesday, October 23, 2019 in Houston, Texas. (Photo by Rob Tringali/MLB Photos via Getty Images)
HOUSTON, TEXAS - OCTOBER 23: Juan Soto #22, Michael A. Taylor #3 and Gerardo Parra #88 of the Washington Nationals celebrate their 12-3 win over the Houston Astros in Game Two of the 2019 World Series at Minute Maid Park on October 23, 2019 in Houston, Texas. (Photo by Tim Warner/Getty Images)
HOUSTON, TX - OCTOBER 23: Asdrubal Cabrera #13 of the Washington Nationals is greeted by teammates Brian Dozier #9 and Adam Eaton #2 in the dugout after scoring on a two-run RBI single hit by Ryan Zimmerman #11 during the seventh inning of Game 2 of the 2019 World Series between the Washington Nationals and the Houston Astros at Minute Maid Park on Wednesday, October 23, 2019 in Houston, Texas. (Photo by Rob Tringali/MLB Photos via Getty Images)
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Why Mattress Mack made all those bets

As it turns out, “Mattress Mack” doesn’t just make bets with sportsbooks. He makes them with customers as well.

In the spirit of supporting the home team, McIngvale presented an interesting offer at all his stores. If the Astros win the World Series, all purchases of more than $3,000 at his stores during the season are refunded.

McIngvale’s bets are actually a hedge against what he says were $20 million in liabilities if the Astros had won it. There might be better ways of avoiding losing millions of dollars, but you have to admit, very few are this fun.

“I feel like I hedged perfectly,” McIngvale said to The Action Network. “The worst my customers got were great mattresses, the best would have been great, free mattresses. I would have loved for the Astros fans to win, but we had two bad games.”

We’ll see if McIngvale is as confident in the Astros next season. Something tells us he will be.

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