Gambling and Sports Betting News Wire - October 31 2019

Written by:

C Costigan

Published on:

Oct/31/2019

Here are today's headlines in the world of gambling and sports betting as they happen - Thursday October 31, 2019.

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Mattress Mack Lost $11.9 Mil on World Series, But Not a Big Gambler

Mississippi native and owner of a chain of Gallery Furniture stores in the Houston area, Jim “Mattress Mack” McIngvale, had a lot riding on the 2019 World Series — at least $11.9 million according to the tally of Darren Rovell with The Action Network.

He’s now out $11.9 million in bets.

Despite the huge amount involved, McIngvale told CNN that he’s not a big gambler — the mega bets were more of an insurance policy.

From WGON ABC Houston:

He had promised to give customers who spent more than $3,000 on certain mattress purchases a full refund if the Astros won the World Series.

McIngvale said that if the Astros had won, his winnings would have covered the cost of his customers’ free mattresses.

“I didn’t break even. My heart is broken, because I’m an Astros [fan]. I don’t bet with my wallet, I bet with my heart and the city’s heart is broken,” he said.

The promotion was a huge success and McIngvale said thousands of customers would have gotten free mattresses if the Astros won.

Houston furniture mogul Jim "Mattress Mack" McIngvale had a lot riding on Game 7 of the World Series, whether his beloved Astros won or lost. https://t.co/Gq8PxuhpkG
— WGNO (@WGNOtv) November 1, 2019