Jim McIngvale “Mattress Mack” McIngvale sold so many pieces of furniture in a single week, that he could afford to make another Super Bowl bet, this time for $5 million. Cincinnati BengalsYou can beat the Los Angeles Rams.
McIngvale, owner of Gallery Furniture in Houston (Texas), drove to Louisiana on Friday morning. He pulled over at a stoplight and placed the $5m bet at Caesars Sportsbook’s mobile application at +170 odds. McIngvale will be running a promotion in his store offering a refund for any $3,000 or more purchases if the Bengals win Super Bowl LVI. McIngvale is using his huge bets as a way to reduce the risk of the giveaway.
McIngvale was last week placed a $4.5 million money-line bet on the BengalsCaesars Sportsbook Louisiana
McIngvale, who celebrated his 71st birthday on Friday with ESPN, said, “Well, I sold through my profit on the initial investment.” “So I had the need to make another.”
McIngvale is now willing to wager $9.5 million in order to be in the running for $16.2 million if his team wins the Super Bowl. Cincinnati is the consensus underdog by four points to the Rams.
McIngvale said, “I believe it’s more a tossup.” “It could be down to a last field goal, similar to many of these exciting playoff games.”
Caesars Sportsbook claims the $5 million Bengals wager is the biggest single wager it has made. It surpasses a $4.9 Million bet on the St. Louis Rams to win the game. New England Patriots in Super Bowl XXXVI.
“Caesar, at least for the time,” Ken Fuchs of Caesars Sportsbook stated in a press release.
Super Bowl wagers are starting to appear on other sites with seven-figure odds. DraftKings reported that it placed a $1,000,000 two-leg parlay at the Bengals moneyline +170, and below 48.5. The parlay was placed at Casino Queen in Illinois and has a potential net winning of $4.15million.