Jim “Mattress Mack” McIngvale, a Houston furniture salesman known to place big bet on sporting events, placed the largest bet on the Super Bowl this year. Ready for the biggest Super Bowl bet ever?
McIngvale drove across the Texas border into Louisiana, pulled over at a gas station, logged onto his mobile betting account with Caesars Sportsbook and placed $4.5 million in bets on the underdog Cincinnati Bengals at +170 odds to upset the favored Los Angeles Rams in Super Bowl LVI. If the Bengals win the game, the bet would net $7.7 million. Still looking to make your Super Bowl bet for SuperBowl 2022?
“I had to make like twenty $200,000 bets to make it work,” McIngvale told ESPN on Thursday night. “But I want to thank Caesars for taking it.”
According to Caesar’s sportsbook, it was the second-largest bet the company has ever taken on the Super Bowl, eclipsing a $4.9 million money-line bet at -900 odds on the heavily favored St. Louis Rams to beat the New England Patriots in Super Bowl XXXVI.
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“The Joe Burrow magic is pulling fans in, especially in Louisiana with his college roots,” Ken Fuchs, head of sports at Caesars Sportsbook, said in a release. “With this $4.5 million bet on Joe and the Bengals, Mack will make history again.”
McIngvale bet $3.46 million on the Tampa Bay Buccaneers +3.5 on last year’s Super Bowl as part of a promotional giveaway at his store and the Buccaneers delivered with an upset of the Kansas City Chiefs.
He has gone on a cold streak since then. He lost $4.7 million in a week betting on football in January, highlighted by a $2.7 million money-line bet on Alabama in the national championship game, which Georgia won. The following week, a $2 million futures bet on the Patriots to win the Super Bowl go up in flames after they lost to the Buffalo Bills in the first round of the playoffs.
“I’ve always said that a setback is just a setup for a comeback,” McIngvale said.
