“Mattress Mack” places $3.46 million bet on the Buccaneers

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Mattress Mack is putting plenty of springs in the game.

The Houston furniture store owner named Jim McIngvale  made a major wager on Wednesday. Via David Purdum of ESPN.com, McIngvale flew to Colorado, logged into the DraftKings mobile betting app, and placed a $3.46 million bet on Super Bowl LV.

Mattress Mack took the Buccaneers getting 3.5 points. The magnitude of the bet triggered a higher vigorish (-127, more than the usual -110). He’ll win $2.72 million if the bet pays off.

The bet helps Mattress Mack hedge against his store’s risks arising from sports-based promotions. Customers who spend $3,000 or more on a new mattress get their money back if the Buccaneers beat the Chiefs on Sunday.

Mattress Mack, given the point spread, could have it both ways, if the Chiefs win by fewer than four points. He’d keep his mattress money, and he’d carry away another $2.72 million from DraftKings.

Via Purdum, the largest Super Bowl bet happened 19 years ago, when someone placed a $4.8 million money-line wager on the Rams to beat the Patriots with MGM in Las Vegas.

4 responses to ““Mattress Mack” places $3.46 million bet on the Buccaneers

  1. It’s a brilliant sales pitch. He picks a team to win, and then tells his customers if that team wins you get the furniture for free. Then he bets on that team to win, and in this case he’s getting 3.5 points. So if the Bucs win the money he gets helps cover the money he’s paying his customers back, but if they lose, but cover the spread, he’s pocketing his bet, and the money he made off of his promotion. I have to image he purchased insurance for that promotion as well, so he’s covered himself front to back

  2. How common is spending over $3000 on a mattress? my sleep hygiene is important but I’ve never come close. Also, is there some legal reason for needing to fly to Colorado to use a mobile betting app? If so, that is absurd.

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