While Houston celebrates the Astros' World Series championship,
In 2014, McIngvale didn’t hedge on two uninsured promotions and lost big.
His company offered a refund on any purchase of at least $6,000 if the Seahawks beat the Broncos in Super Bowl XLVIII. When Seattle won, he paid out almost $8 million.
Later that year, to celebrate his 63rd birthday, McIngvale offered a refund on any purchase of at least $6,300 if the Astros won 63 or more games in the regular season. They won 70, costing him about $7.5 million.
You would figure those two losses alone would help him keep his mouth shut, but his latest promotion is going to cost him yet again. Mattress Mack
With Astros win, Houston furniture mogul “Mattress Mac” owes customers more than $10 million in refunds https://t.co/jAXhEXAiBb— Darren Rovell (@darrenrovell) November 2, 2017
The cool thing about all of this? Mattress Mack doesn't not mind losing. That's how much he loves Houston.
“I’m wearing my Astros orange right now,” he said during the series. “I’ve got 142 tickets to the games I’m giving to our customers and employees, and we’re bleeding orange."