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MLB General Discussion (Official Thread)

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Mattress Mack bet $3.5 million on the Astros to win the World Series. He ran a mattress sales promotion tied to refunds if the Astros win the series. Apparently he didn't like the deals he was going to get from insurance companies and decided to gamble on it instead to hedge against having to refund a lot of money.

 
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DZ83CK said:
Mattress Mack bet $3.5 million on the Astros to win the World Series. He ran a mattress sales promotion tied to refunds if the Astros win the series. Apparently he didn't like the deals he was going to get from insurance companies and decided to gamble on it instead to hedge against having to refund a lot of money.

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At 11-5 odds, the bet would pay out $7.7 million if the Astros are able to win their second title in the last three years.

While this shows some impressive support for his local team, the bet also works as a hedge against his recent promotion.

McIngvale announced a "Win it All" deal when if the Astros win the World Series, customers can get refunds for mattress-related purchases from his Gallery Furniture stores, according to David Barron of the Houston Chronicle. He estimated the promotion could cost him $15 million.

Entire article: https://bleacherreport.com/articles...es-35m-bet-on-astros-to-win-2019-world-series

He will actually come out ahead if the Astros lose.....:lol:
 
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