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.
The Return of the Mack for the Super Bowl??@MattressMack just wagered $4,534,000 on the #CaesarsSportsbook app in Louisiana on the Bengals (+170) to win over the Rams.
Potential win: $7,707,800
This marks the single biggest mobile wager of all-time ??#BetLikeACaesar pic.twitter.com/pBJjtU9x49
— Caesars Sportsbook (@CaesarsSports) February 4, 2022
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
