Mattress Mack is hoping the Kansas City Chiefs don’t burn him and his wallet in two consecutive Super Bowls.The big-money gambler – Jim McIngvale,
Mattress Mack is hoping the Kansas City Chiefs don’t burn him and his wallet in two consecutive Super Bowls.
The big-money gambler – Jim McIngvale, owner of the Gallery Furniture chain – flew from Texas to Colorado late Wednesday night to wager $3.5 million on the Buccaneers to cover +3.5 against the Chiefs.
“We’re in the game,” McIngvale told USA TODAY Sports by phone Thursday.
According to screenshots provided by McIngvale, the bet is split two ways: one at $3,388,136.54 to win $6,064,764.41 another at $47,863.46 to win $85,675.59. If Tampa Bay covers, McIngale would win $6,150,440.
It’s the biggest bet placed on the Super Bowl this year, according to the Action Network. Another bettor placed $2.3 million, also on Buccaneers +3.5, at BetMGM.
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As usual, McIngvale is running a refund promotion around the game’s outcome, similar to what he did during the Houston Astros’ postseason runs in recent years. In 2019, McIngvale bet a $3.5 million future on the Astros to win the World Series, which they lost to the Washington Nationals in seven games, as a hedge.
If the Buccaneers win, customers who spent $3,000 or more at Furniture Gallery on a mattress will get a refund.
“It’s very exciting,” McIngvale said. “The reason I did the promotion is because there is so much buzz on this game because of Brady and Mahomes. Everybody has an opinion. The customers love it.”
McIngvale worked until about 10 p.m. Thursday, boarded a plane from his native Texas and landed in Colorado Springs around midnight, he said. He spent no more than 45 minutes on the ground in Colorado Springs, entering the terminal and heading right back on the plane.
“It was a little cold for a Texas boy,” he said.
Last year, while the stores didn’t offer a Super Bowl promotion, McIngvale lost $1 million per playoff game the Chiefs won on their way to the championship – also a hedge, as the promotion then called for the 49ers to win.
DraftKings’ large handles make it an ideal sportsbook for McIngvale to wager his millions.
“Accommodating and capacity to take a large bet,” he said. “Plus, I’m a huge advertiser, I believe in advertising and their advertising (for the) Super Bowl on Sunday (is) several million bucks so I like people who are marketers.”
Follow Chris Bumbaca on Twitter @BOOMbaca.