Apr 9, 2019; Houston, TX, USA; Jim McIngvale smiles before throwing a ceremonial first pitch prior to the game between the Houston Astros and the New York Yankees at Minute Maid Park. Mandatory Credit: Troy Taormina-USA TODAY Sports

‘Mattress Mack’ lays another $5M on Bengals

“Mattress Mack” wasn’t about to take a big financial hit lying down.

Houston furniture mogul Jim McIngvale placed his second huge bet on the Bengals to win the Super Bowl, laying $5 million on Friday on top of the $4.5 million he placed on Cincinnati a week earlier.

Both bets were placed at +170 odds on the money line (no point spread), meaning McIngvale would earn more than $16 million, in addition to getting back the $9.5 million he risked, if Cincinnati wins.

The latest bet wasn’t so much a hunch on the sporting merits of the Super Bowl teams as it was a shrewd business decision.

After putting his first big wager on the Bengals, McIngvale announced a promotion at his furniture stores that would give customers a $3,000 rebate on new purchases if Cincinnati beats the Los Angeles Rams in the Super Bowl.

However, so many consumers flocked to his stores thanks to the promotion, McIngvale had to increase his bet on the Bengals.

McIngvale told ESPN on Friday, “Well, I sold through the profit on the first investment, so I had to make another.”

As he did the previous time, McIngvale drove over the Texas border into Louisiana, where mobile gambling is legal, and he placed the wager through the Caesars Sportbook app.

Caesars told ESPN that the $5 million bet was the largest it has ever booked on a Super Bowl, topping a $4.9 million wager on the St. Louis Rams to beat the New England Patriots in Super Bowl XXXVI. That bet in February 2002, placed at -900 odds on the money line, lost when the Patriots won 20-17 for Tom Brady’s first championship.

McIngvale celebrated his 71st birthday on Friday.

–Field Level Media

Oct 31, 2021; Atlanta, Georgia, USA; Houston Astros fan Jim "Mattress Mack" McIngvale watches batting practice prior to game five of the 2021 World Series against the Atlanta Braves at Truist Park. Mandatory Credit: Brett Davis-USA TODAY Sports

‘Mattress Mack’ bets $4.5M on Bengals to win Super Bowl

Jim “Mattress Mack” McIngvale is all in on the Cincinnati Bengals.

The Houston furniture mogul who has found fame as a massive sports bettor is putting his money — a lot of it — on the underdog to win the Super Bowl. McIngvale bet $4,53434,000 on the Bengals to beat the Los Angeles Rams on Sunday in Inglewood, Calif.

The money-line wager was made at +170 odds, meaning McIngvale’s profit would be $7,707,800 if Cincinnati prevails.

McIngvale drove from Texas over the Louisiana border to place his bet using the Caesars Sportsbook app.

According to Caesars, it is the largest mobile sports bet ever placed. The sportsbook also said it was the second-largest Super Bowl bet it has accepted, following a $4.9 million wager on the St. Louis Rams to win Super Bowl XXXVI over the New England Patriots in February 2002. That gambler took -900 odds on the money line, but he lost when the Patriots won 20-17 for their first Super Bowl title.

In an interview with ESPN, McIngvale said, “I had to make like twenty $200,000 bets to make it work. But I want to thank Caesars for taking it.”

Caesars Sportsbook told CNBC, “We’re not at all afraid to take in a $4.5 million bet on the Super Bowl, and we embrace accepting the biggest bets on the biggest events.”

As McIngvale has done in the past when placing large bets on sporting events, he will reduce his risk by offering deals at his furniture stores that could offset his potential losses. Customers who make a large purchase prior to the Super Bowl will get $3,000 refunded if the Bengals beat the Rams.

–Field Level Media

Dec 26, 2020; Detroit, Michigan, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) talks to head coach Bruce Arians before a game against the Detroit Lions at Ford Field. Mandatory Credit: Tim Fuller-USA TODAY Sports

Bettor places $2.3M wager on Bucs to cover in SB LV

One bettor apparently is taking Bruce Arians’ “No risk it, no biscuit” mantra to heart.

A Nevada bettor placed a $2.3 million wager on Arians’ underdog Tampa Bay Buccaneers to cover the 3.5-point spread against the reigning champion Kansas City Chiefs in Super Bowl LV on Nov. 7.

Darren Rovell of the Action Network reported that the wager was placed on the BetMGM mobile app. The unnamed bettor will pocket a $2 million profit should the Buccaneers cover in their “home” game against the Chiefs.

That sum of money eclipses the largest reported wager on last year’s Super Bowl, a $750,000 bet on the Chiefs.

“This was a bet we were very happy to receive,” Jason Scott, vice president of trading for BetMGM, told ESPN. “We had previously written several other six-figure bets, all on Kansas City, and the public is certainly behind Andy Reid and Patrick Mahomes.”

–Field Level Media