His Astros wagers are hedge bets to offset potential losses of about $25 million from a promotion that offers customers a refund of any purchase of $3,000 or more if Houston wins the World Series.
Search results for:
Houston furniture store owner Jim “Mattress Mack” McIngvale bet $3.35 million in June to win $35.6 million on the Astros to win the World Series.
BetMGM lost six figures on San Francisco, which won a franchise-record 107 games to edge the Los Angeles Dodgers (106-56) by one game to win the NL West. The Giants were 60-1 in April.