The CEO of Houston-based Gallery Furniture lost $7 million on a promotion that promised to give customers who shopped at his stores their money back if the Seattle Seahawks won Sunday.

Gallery Furniture customers in Houston, Texas will see $7 million in refunds after owner Jim “Mattress Mack” McIngvale made a losing bet on this year’s Super Bowl game.

In a promotions move which many would call insane, the Houston gambler promised he would give a full refund to customers who spent $6,000 or more at his furniture store in the two weeks leading up to the game IF the Denver Broncos won the game.

I’m sure you heard by now that the Seahawks nearly massacred the Broncos with a 43-8 victory but when contacted about his loss, McIngvale said he was “thrilled” that he lost… and he should be!

Details + video below… Continue Reading…