Texas mattress mogul loses $13M on World Series bet

Texas mattress mogul loses $13M on World Series bet
Houston's "Mattress Mack" lost $13 million in bets on the Astros World Series loss, but says he'd do it again. (Source: Scarlet Pearl Casino via CNN)

(CNN) - A Houston furniture mogul says he lost $13 million on World Series bets, and Jim “Mattress Mack” McIngvale says he’d do it again.

The Houston Astros lost 6-2 to the Washington Nationals on Wednesday night.

"Mattress Mack" placed several bets on the Astros throughout several states during their playoff run.

He says he's not a big gambler and that the bets were an insurance policy to cover promotions on his furniture.

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

This isn’t the first time he’s run the promotion. In 2017 he refunded $10 million when his Astros won it all.

Copyright 2019 CNN. All rights reserved.