Mattress Mack Loses $1.5M on Kentucky Derby Bet on Epicenter in Rich Strike UpsetMay 7, 2022
Sometimes it doesn't pay to bet on the favorite.
Jim "Mattress Mack" McIngvale laid down a cool $1.5 million on Epicenter to win the 2022 Kentucky Derby on Saturday. Coming around the final turn, things were looking good for the Houston-area businessman.
Then Rich Strike spoiled the party.
McIngvale told B/R Betting he arrived at Churchill Downs with $4 million to spend. Epicenter, the Louisiana Derby winner, was one of the most logical candidates to warrant a seven-figure wager.
Rich Strike closed as an 80-1 underdog as he headed to the gate. He was only added to the race Friday morning following Ethereal Road's scratch.
While the three-year-old was almost totally unknown to racing fans, that won't be the case any longer.
For Mattress Mack, Rich Strike is unlikely to conjure any positive memories.