‘Mattress Mack’ units authorized sports activities betting file with $5 million on Cincinnati Bengals

Jim McIngvale, higher referred to as “Mattress Mack,” has made historical past with a $5 million greenback wager on the Cincinnati Bengals, the single-largest authorized sports activities guess ever. The earlier file was set with a $4.9 million guess on the Tremendous Bowl in 2002.

The only moneyline guess was made on the Caesars Sportsbook app in Lousiana, which launched cellular sports activities playing on Jan. 28.

Final week, McIngvale, the proprietor of Gallery Furnishings in Houston, drove throughout the Texas border into Louisiana to make a $4.5 million greenback guess on the Bengals. If the Cincinnati staff wins – the businessman will acquire $16.2 million.

McIngvale is thought for making multi-million greenback bets on huge video games. However he misplaced a $3.25 million guess on the Houston Astros to win the World Collection final 12 months, in addition to his $6 million guess on Alabama to win the school soccer championship.

Mack informed CNBC in an interview that he wagers on sports activities as an insurance coverage hedge for the gross sales promotions he runs to attract clients into his Houston furnishings shops. The present promotion guarantees a refund on purchases of greater than $3,000 if the Bengals win the Tremendous Bowl.