Mattress Mack has made some huge bets earlier than. However his largest so far got here Thursday night time on the upcoming Tremendous Bowl.
Jim “Mattress Mack” McIngvale at one among his Gallery Furnishings showrooms in Houston. The Texas businessman and famous sports activities bettor made a $4.5 million guess on the Cincinnati Bengals to win the Tremendous Bowl. Officers at Caesars Sportsbook, which took the guess, say McIngvale made the most important wager ever on-line. (Picture: Texas Medical Heart)
Gallery Furnishings proprietor Jim McIngvale, the Houston businessman higher recognized by his Mattress Mack nickname, positioned a $4.5 million guess with Caesars Sportsbook on the Cincinnati Bengals to win the Feb. 13 NFL championship. Because the +170 underdogs, a Bengals Tremendous Bowl win would imply McIngvale wins $7.7 million and get his unique guess again, too.
In accordance with a launch from Caesars, Mack’s wager is the most important ever made on-line, and the second-biggest ever made at a authorized sportsbook. The largest was a $4.9 million guess in Tremendous Bowl XXXVI at odds of -900.
As of Friday, the Bengals stay underdogs to the Los Angeles Rams. However the Bengals moneyline odds now are +165.
“The Joe Burrow magic is pulling followers in, particularly in Louisiana, along with his faculty roots,” mentioned Ken Fuchs, head of sports activities at Caesars Sportsbook, in a press release.
Bets Made in Louisiana
McIngvale made the bets Thursday night time from a gasoline station in Louisiana. That’s in response to an interview he gave ESPN shortly after he positioned the wager. Sports activities betting is against the law in Texas, and Louisiana simply launched cellular sports activities betting final weekend.
Houston is 100 miles west of the Louisiana state line.
I needed to make like twenty $200,000 bets to make it work,” he mentioned.
Mack made one other guess on this yr’s Tremendous Bowl again in November. At the moment, he put down $2 million on the New England Patriots by means of Penn Nationwide Gaming’s Barstool Sportsbook and theScore Wager. Each books had the Patriots at +2300.
The Buffalo Payments put an finish to Mattress Mack’s $46 million potential revenue within the first spherical of the AFC playoffs.
Final yr, he guess $3.5 million on the Tampa Bay Buccaneers to cowl as a 3.5-point underdog in final yr’s Tremendous Bowl. That wager netted him a $2.7 million revenue.
Why Mattress Mack Bets
As is the case with practically all of Mack’s wagers, the guess on the Bengals serves as a hedge for a promotion at his retail chain. Clients who spend $3,000 or extra on both a choose mattress set or lounge furnishings will get their big-ticket buy free of charge if the Bengals win Tremendous Bowl LVIII.
Mack first gained nationwide consideration for his bets when he began to make use of sports activities betting as an insurance coverage coverage of types for his retailer’s gross sales. That started along with his hometown Houston Astros and the thrill they generated in reaching the World Sequence a couple of years in the past.
By having massive wagers on the Astros, it could cowl any losses Gallery Furnishings would incur from having to refund prospects their cash for mattress units.
When his bets lose – like they did on Houston within the World Sequence this yr – he nonetheless retains the earnings from the big-ticket furnishings gross sales he makes. Mattress Mack and the sportsbooks that take his motion additionally get free publicity out of the association.
This time, McIngvale can also make the most of the perks from his Caesars Rewards buyer loyalty account.
“With the hundreds of thousands of Caesars Rewards credit he’ll earn – win or lose – he can get pleasure from time spent on OUR mattresses at Caesars anytime he needs to cease by,” Fuchs mentioned.
