No donations From Mattress Mack anytime soon

golfingomez · September 8, 2014

http://www.khou.com/story/news/local/2014/09/08/mattress-mack-to-pay-out-after-losing-astros-bet/15279639/

DeepGreen · September 8, 2014

So he blew $12 million on these bets? Wow! Seems he could come up with a better marketing plan to drive business. Maybe he could benchmark the UNT Athletic Dept. marketing for ideas? Oh, wait a minute on that thought!

meangreenthirteen · September 8, 2014

In deals like this, owners often take out a pretty good insurance policy so they can recoup a certain percentage of their projected losses. It's not nearly as bad of a gutting as it seems I'm sure.

TheFranchise · September 8, 2014

In deals like this, owners often take out a pretty good insurance policy so they can recoup a certain percentage of their projected losses. It's not nearly as bad of a gutting as it seems I'm sure.

He was quoted in the story that he didn't have an insurance policy on it.

UNTFan23 · September 8, 2014

He has made some foolish bets at his business' expense.

meangreenthirteen · September 8, 2014

He was quoted in the story that he didn't have an insurance policy on it.

that's what I get for not reading!

rcade · September 8, 2014

He was quoted in the story that he didn't have an insurance policy on it.

I would be surprised if he didn't hedge his bets with insurance or some other tactic. I wonder if he could have bet $4 million in Vegas on the Astros to win more than 63 games.

$4 million in furniture only costs him 50 percent of that, according to a story I read on his Super Bowl promotion. So it's really a $2 million cost and he's getting lots of free promotion for his business.

It's a shame his love for UNT athletics was about his love for Darrel Dickey. We could use a stinkin' rich alum who likes to write seven-figure checks.

Jason Howeth · September 8, 2014

Actually, he didn't have insurance on the Super Bowl bet either, and these bets have actually raised his profit margins. Sure the initial hit is tough, but the influx of profit share goes through the roof. Make no mistake: Mattress Mack is one of the best businessmen in Texas and knows how to generate hype and talk about his business. Also, his loyalty to the city of Houston athletic programs is phenomenal. Truly one of the great Houstonians.