Mattress Mack just cannot stop losing large sums of money.
Jim McIngvale, better known as Mattress Mack, is known for his large bets on sporting events, and he made no exception on the Kentucky Derby.
Mack placed a massive $1.2 million bet on Angel of Empire who became the favorite to win the race.
He would love to have that bet back, because Angel of Empire would wind up coming in third place.
Cameras would catch his stunned reaction to seeing $1.2 million go down the tubes.
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Mage would end up winning the 2023 Kentucky Derby. The purse for this year’s race was $3 million.
The horse is owned by OGMA Investments, Ramiro Restrepo, Sterling Racing, and CMNWLTH and trained by Gustavo Delgado. On Mage was jockey Javier Castellano.
The race had a much smaller field after five horses scratched before race day, including the morning line favorite Forte scratching Saturday morning.
Do not feel too bad for Mack as he made his biggest profit in 2022 when he bet on the Houston Astros to win the World Series. Mack walked away with $75 million. He will be fine.
